Answer:
Explanation:
The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + issued shares
Before preparing the statement of stockholders’ equity we need to calculate the net income or net loss as the case may be. The computation is shown below:
Net income = Sales revenue - cost of goods sold - operating expenses
= $780,800 - $519,000 - $88,800
= $173,000
The preparation of the statement of stockholders’ equity is presented in the spreadsheet. Kindly find the attachment below:
Answer:
<u>Charlie’s Crispy Chicken (CCC) Balance sheet at September 30</u>
Assets
<u>Non- Current Assets</u>
Equipment 49,000
Land 23,400
Total Non- Current Assets 72,400
<u>Current Assets</u>
Supplies 2,300
Cash 2,300
Total Current Assets 4,600
Total Assets 77,000
Equity and Liabilities
<em>Equity</em>
Common Stock 36,000
Retained Earnings 3,900
Total Equity 39,900
<em>Liabilities</em>
<u>Non-current Liabilities</u>
Note Payable (long-term) 34,000
Total Non-current Liabilities 34,000
<u>Current Liabilities</u>
Accounts Payable 2,900
Salaries and Wages Payable 200
Total Current Liabilities 3,100
Total Equity and Liabilities 77,000
Explanation:
When preparing a Balance Sheet, it is important to remember the Accounting equation : Assets = Equity + Liabilities
Using the high-low method, separate each mixed expense into variable and fixed elements. State the cost formula for each mixed expense. (Omit the "£" sign in your response.)
<span>Shipping Expense: </span>
<span>(86,200 - 45,900) / (5,100 - 2,000) = £13 variable cost per unit </span>
<span>86,200 - (13 x 5,100) = £19,900 fixed cost </span>
<span>£ Y = £19,900 + £13 X </span>
<span>Salaries and Commissions </span>
<span>(238,400 - 114,400) / (5,100 - 2,000) = £40 variable cost per unit </span>
<span>238,400 - (40 x 5,100) = £34,400 fixed cost </span>
<span>£ Y = £34,400 + £40 X </span>
<span>3. </span>
<span>Redo the company’s income statement at the 5,100-unit level of activity using the contribution format. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "£" sign in your response.) </span>
<span>Frankel Ltd. </span>
<span>Income Statement </span>
<span>For the Month Ended June 30 </span>
<span>Sales revenue 912900 </span>
<span>Variable expenses: </span>
<span>Cost of goods sold 346800 </span>
<span>Shipping expenses 5,100 x 13 = 66,300 </span>
<span>Commissions 5,100 x 40 = 204,000 </span>
<span>Contribution margin 295,800 </span>
<span>Fixed expenses: </span>
<span>Fixed shipping 19,900 </span>
<span>Insurance expenses 9000 </span>
<span>Depreciation expenses 42700 </span>
<span>Sales salaries 34,400 </span>
<span>Advertising expenses 69200 </span>
<span>Net operating Income 120600</span>
Yes, those who are not currently active in the game, even a substitute must wait until they are cleared to enter the game to take the throw-in. There are only a certain amount of players allowed to be on the court at any given time and therefor they must make sure the person they are substituting for has left.
Be honest and forthright is not exist as one among the key points of principled negotiation.
Explanation:
The activity of Be honest and forthright maybe act as a common methodology of human behaviour. Such human behavior cannot be related and linked with business terminology. As the motive of all traders is filled with a focus on profit, not on service point. It is purely based on values and ethical reactions. The corporate culture does not deal with emotions and feelings. It can deal only with the principles and well structured organizational behavior.
Human Resource management trains the executives to handle the critical situation in a diplomatic manner. It can help to take good and effective decisions amidst such controversial opinions of all employees. But they cannot seek help with the moral qualities of Honest and forthright to solve the problems. We can odd them out from the list of principled negotiations.
