Business, 21.09.2021 14:00, gtemple22pdzs4j
Brown Inc. prepared the following adjusted trial balance on December 31, 2020, based on its first year of operations. Using this adjusted trial balance, prepare an income statement for the year ended December 31, 2020, and a balance sheet as of December 31, 2020. Adjusted Trial Balance December 31, 2020 Accounts Debit Credit Cash $ 8,250 $ Accounts receivable 3,750 Prepaid insurance 1,500 Other assets 6,500 Equipment, net 25,000 Accounts payable 5,000 Note payable 10,000 Common stock 10,000 Service revenue 50,000 Selling expenses 10,000 General and administrative expenses 18,750 Interest expense 1,250 Totals $75,000 $75,000
Answers: 3
Business, 22.06.2019 19:30, buggamarshall85
The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?
Answers: 1
Business, 22.06.2019 19:50, ParallelUniverse
Our uncle has $300,000 invested at 7.5%, and he now wants to retire. he wants to withdraw $35,000 at the end of each year, starting at the end of this year. he also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. for how many years can he make the $35,000 withdrawals and still have $25,000 left in the end? a. 14.21b. 14.96c. 15.71d. 16.49e. 17.32
Answers: 1
Brown Inc. prepared the following adjusted trial balance on December 31, 2020, based on its first ye...
Biology, 23.09.2019 19:00