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Nastasia [14]
1 year ago
6

From the ledger balances given below, prepare a trial balance for the Amaro Company at June 30, 2020. All account balances are n

ormal. Accounts Payable $8,100, Cash $5,800, Owner’s Capital $15,000, Owner’s Drawings $1,200, Equipment $17,000, Service Revenue $10,000, Accounts Receivable $3,000, Salaries and Wages Expense $5,100, and Rent Expense $1,000.Amaro CompanyTrial Balance
June 30, 2020 Debit Credit
Cash $ $
Accounts Rece $ $
Equipment $ $
Accounts Pay $ $
Cleland, Capital $ $
Cleland, Drawing $ $
Service Rev $ $
Salaries Exp $ $
Rent Expense $ $
Business
1 answer:
prohojiy [21]1 year ago
3 0

Answer:

Amaro Company

Trial Balance

June 30, 2020

                                                            Debit                             Credit

Cash                                                   $ 5800                                 $

Accounts Receivable                            $ 3000                             $

Equipment                                            $17,000                              $

Accounts Payable                                     $                                 $  8100

Cleland, Capital                                         $                                $ 15,000

Cleland, Drawing                                     $ 1200                              $    

Service Revenue                                             $                              $ 10,000

Salaries Exp                                                 $5100                              $

<u>Rent Expense                                              $ 1000                             $ </u>

<u> Total                                                           </u><u> $ 33,100                    $ 33,100</u>

Trial balance is a list of all ledger accounts and cash book.

It can be prepared any time during the accounting period.

The debit and credit side of the trial balance are equal.

Expenses are debited . Drawing is an expense therefore it is debited.

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Show that if the contribution to profit for trains is between $1.50 and $3, the current basis remains optimal. If the contributi
Dmitriy789 [7]

Answer:

210

Explanation:

Let us consider that x is the number of soldiers produced each week and y is number of trains produced each week.

Also, weekly revenues and costs can be expressed in terms of the decision variables x and y.

Then,

Hence the profit which we want to maximize is given by,

Now the constraints are given as,

Finishing Constraint:

Each week, no more than 100 hours of finishing time may be used.

Carpentry Constraint:

Each week, no more than 80 hours of carpentry time may be used.

Demand Constraint:

Because of limited demand, at most 40 soldiers should be produced each week.

Combining the sign restrictions and with the objective function  and constraints,and yield the following optimization model:

Such that,

First convert the given inequalities into equalities:

From equation (1):

If x=0 in equation (1) then (0,100)

If y=0 in equation (1) then (50,0)

From equation (2):

If x=0 in equation (2) then (0,80)

If y=0 in equation (2) then (80,0)

From equation (3):

Equation (3) is the line passing through the point x=40.

Therefore, the given LPP has a feasible solution first image

The optimum solution for the given LPP is obtained as follows in the second image

The optimal solution to this problem is,

And the optimum values are  .

Let c be the contribution to profit by each train. We need to find the values of c for which the current, basis remain optimal. Currently c is 2, and each iso-profit line has the form

3x +  2y = constant

y = 3x/2 +constant/ 2

And so, each iso-profit line has a slope of  .

From the graph we can see that if a change in c causes the isoprofit lines to be flatter than the carpentry constraint, then the optimal solution will change from the current optimal solution to a new optimal solution, If the profit for each train is c, the slope of each isoprofit line will be.

-3/c

Because the slope of the carpentry constraint is –1, the isoprofit lines will be flatter than the carpentry constraint.

If,

-3/c<-1

c >3

and the current basis will no longer be optimal. The new optimal solution will be point A of the graph.

If the is oprofit lines are steeper than the finishing constraint, then the optimal solution will change from point B to point C. The slope of the finishing constraint is –2.

If,

-3/c < -2 or

C < 1.5

Then the current basis is no longer optimal and point C,(40,20), will be optimal. Hence when the contribution to the profit for trains is between $1.50 and $3, the current basis remains optimal.

Again, consider the contribution to the profit for trains is $2.50, then the decision variables remain the same since the contribution to the profit for trains is between $1.50 and $3. And the optimal solution is given by,

z = 3× (20) + 2.5 × (60)

= 60 + 150

= 210

5 0
2 years ago
George walks in and wants to send multiple back to back transactions to the
Gala2k [10]

The statement "The sender & receiver don't know each other, money send for sounds like very good to be true dealing, and the motive of the transactions with respect to the online goods is considered to be questionable" is considered to be the red flag.

The sender i.e. Geroge who not even know the receiver that sells the homeopathy remedies online so this could raise a few issues but it is not to be considered very serious for red-flagged:

  • Since e-commerce arises each and every time that lies between non-known parties online.

This is due to the dirt chape that could make it suspicious also they don't know each other so this should be considered red-flagged.

  • The instructions with regard to the payment do not represent any signal of reliability and truthfulness so might me the receiver is trustworthy and genuine.
  • In the case when the homeopathy remedies do not have the licensing and permissions so it would become questionable.

No one could suggest the specific brand of homeopathy as it becomes nonprofessional and non-appropriate, so the last option is not be considered.

Therefore we can conclude that The statement "The sender & receiver don't know each other, money send for sounds like very good to be true dealing, and the motive of the transactions with respect to the online goods is considered to be questionable" is considered to be the red flag.

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8 0
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Habib withdrew $100,000 from his bank account paying 5% interest to purchase equipment for his construction company. If Habib ea
daser333 [38]

Answer:

$5,000

Explanation:

Given that,

Accounting profit = $10,000

Interest rate = 5%

Amount withdraw = $100,000

The economic profit is calculated by subtracting implicit costs and explicit costs from the total revenue.

Accounting profit is determined by subtracting explicit costs from the total revenue.

Accounting profit = Total revenue - Explicit costs

Economic profit:

= (Total revenue - Explicit costs) - Implicit costs

= $10,000 - (Interest income)

= $10,000 - (5% × $100,000)

= $10,000 - $5,000

= $5,000

6 0
2 years ago
Fill in the blanks.
pantera1 [17]

Answer:

The blank spaces are bold

Explanation:

a. The line  is called the​ population regression plane.

b. The common conditional standard deviation of the response variable is denoted​ σ.

c. For x=​6, the conditional distribution of the response variable is a​ normal distribution having mean​ βx + 6β1  and standard deviation​ σ.

8 0
1 year ago
Assume an unlevered firm has total assets of $6,000, earnings before interest and taxes of $600, and 500 shares of stock outstan
RideAnS [48]

Answer:

The amount of the change in the earnings per share as a result of this change in the capital structure will be $0.16

Explanation:

                                                                     all equity       equity and debt

expected EBIT                                               $600                  $600

interest                                                              (-)                     ($192)

profit before tax                                              $600                  $408

tax                                                                      (-)                         (-)

earnings to equity share holders                   $600                   $408

number of equity sahes                                    500                      300

earnings per share                                           $1.20                     $1.36

change in the earnings per share  = $1.36 -  $1.20

                                                         = $0.16

Therefore, The amount of the change in the earnings per share as a result of this change in the capital structure will be $0.16

7 0
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