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stira [4]
2 years ago
5

The following are the transactions of Spotlighter, Inc., for the month of January. a.Borrowed $3,940 from a local bank on a note

due in six months. b.Received $4,630 cash from investors and issued common stock to them. c.Purchased $1000 in equipment, paying $200 cash and promising the rest on a note due in one year. d.Paid $300 cash for supplies. e.Bought and received $700 of supplies on account. Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginning balance of zero.
Business
1 answer:
natali 33 [55]2 years ago
6 0

Answer:

Explanation:

Cash                                                                          Supplies

Beg. Bal.                                Beg. Bal.  

Notes Payable 3940    Cash         300  

Contributed capital 4630            Accounts Payable 700  

Equipment                200      

Supplies                        300      End. Bal. 1000  

End. Bal.        8070        

                                                                   Accounts Payable

                                                                 

                                                                  Contributed Capital

Equipment                                      Beg. Bal.    

Beg. Bal.                         Supplies                 700  

Cash               200        

Notes Payable     800                              End. Bal.                  700  

End. Bal.            1000  

Notes Payable                                   Beg. Bal.    

Beg. Bal.                             Cash                 4630

Cash                    3940      

Equipment             800      

                                                                    End. Bal.                    4630

End. Bal.                    4740    

Trial Balance      

                                                      Debit             Credit      

Cash                                      8070        

Supplies                                      1000        

Equipment                              1000        

Accounts Payable                                                      700      

Notes Payable                                                      4740      

Contributed Capital                                              4630      

Total                                        10070                      10070    

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lys-0071 [83]

We can calculate total assets by accounting equation, which is total assets equal to total liabilities plus total equity. Using the basic accounting equation:

Total assets = Total liabilities + shareholders’ equity

= total liabilities + ( total common stock + Retained earnings)

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8 0
2 years ago
he following is a partially completed lower section of a departmental expense allocation spreadsheet for Brickland. It reports t
deff fn [24]

Answer:

$7,000

Explanation:

The computation of the amount of purchasing department allocated to assembly department is shown below:

= Total  purchasing department cost × number of purchase order  ÷Total numbers of purchase orders in overall operating departments

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= $7,000

The 20 number of purchase orders is come from

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We simply applied the above formula

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2 years ago
1. A time study analyst timed an assembly operation for 30 cycles, and then computed the average time per cycle, which was 18.75
WARRIOR [948]

Answer:

1. observed time = 18.75 minutes.

2. Normal time = 18 minutes

3. Standard time = 21.17 minutes

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1. The observed time will be equal to the average time per cycle, which was given in the question as 18.75 min. Therefore, observed time = 18.75 minutes.

2. The normal time will be:

= Average Time x Performance Rating

= 18.75 x 0.96

= 18 minutes

3. The standard time will be:

= Normal time × 1/(1 - 15%)

= Normal time × 1/(1 - 0.15)

= 18 × 1/0.85

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5 0
2 years ago
Kent Manufacturing produces a product that sells for $70.00. Fixed costs are $163,200 and variable costs are $28.00 per unit. Ke
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Answer:

$330,846

Explanation:

The computation of the  the revised break even point in dollars is shown below:

= (Fixed cost ) ÷ (Profit volume ratio)

where,  

Fixed cost = $163,200 + $8,840

                 = $ 172,040

And the profit volume ratio would be

= (Contribution margin) ÷ (Sales) × 100

where Contribution margin equal to

= Selling price per unit - variable cost per unit

= $70 - $28 + $5.60

= $36.4

So, the profit volume ratio is

= ($36.40) ÷ ($70)

= 52%

So, the revised break point in dollars is

= ($172,040) ÷ (52%)

= $330,846

4 0
2 years ago
Based on what you learned so far, what options can you think of to deal with the stray animal problem in Townsville?
cestrela7 [59]

Answer:

As mentioned in the question, the answers are:

1. Build an animal shelter

2. Begin a trap, neuter, release program.

Explanation:

1. Build an animal shelter

This is a great solution to deal with the problem of stray animals because of several reasons:

a) With fewer animals roaming about in the streets, there will be fewer instances of animal feces lying on the street, which is both unpleasant and unhygienic.

b) Lowered risk of animals catching infectious diseases and spreading them

c) Fewer automobile accidents caused by vehicles hitting stray animals on roads

d) When kept in animal shelters, these animals, particularly domestic ones, can be adopted.

2. Begin a trap, neuter, release program.

This another effective solution to deal with the problem of stray animals, because when animals are neutered and released back on the streets, they will no longer be able to reproductive and give birth to offspring, which would only multiply the number of stray  animals, and issues associated with.

Out of the two solutions, the first one, while more time consuming and expensive is most optimal to deal with the problem of stray animals.

6 0
2 years ago
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