Business, 09.04.2021 21:50, strongl3219

Let’s assume that you run a manufacturing business in which you have personally invested $180,000. Your business owns a building worth $150,000. The office furniture and computers that you own amount to $70,000 and $30,000, respectively. You currently have an inventory worth $50,000 in the warehouse. While you have cash-in-hand of $18,000, your customers owe you $12,000 for the goods you have sold them on credit. You still have to pay off a bank loan worth $100,000, which you acquired a few months back by mortgaging your property. Finally, you owe $30,000 to your vendors because you bought raw materials on credit. During the latest accounting period, your business made a net profit of $20,000. Using the data given above, prepare your business’s balance sheet.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 13:40, LilFabeOMM5889

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)

Answers: 1

continue

Business, 22.06.2019 19:10, ayoismeisalex

Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position

Answers: 3

continue

Business, 22.06.2019 21:50, sippincoronas

Q3. loral corporation manufactures parts for an aircraft company. it uses a computerized numerical controlled (cnc) machining center to produce a specific part that has a design (nominal) target of 1.275 inches with tolerances of ± 0.020 inch. the cnc process that manufactures these parts has a mean of 1.285 inches and a standard deviation of 0.005 inch. compute the process capability ratio and process capability index, and comment on the overall capability of the process to meet the design specifications.

Answers: 1

continue

Business, 23.06.2019 04:00, alonnachambon

Match the different taxes to the levels at which these taxes are levied on consumers and businesses national level/ national and local levels 1.sales tax 2.income tax 3.payroll tax 4.social security tax 4.property tax

Answers: 1

continue

Do you know the correct answer?

Let’s assume that you run a manufacturing business in which you have personally invested $180,000. Y...