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11111nata11111 [884]
2 years ago
8

During February 2015 its first month of operations, the stockholders of Ariel Pink Enterprises invested cash of $50,000. Ariel h

ad cash revenues of $10,000 and paid expenses of $14,000. Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28?
Business
1 answer:
aleksandrvk [35]2 years ago
4 0

Answer:

46,000 ending cash balance

Explanation:

50,000 Ariel Investment

+ 10,000 cash revenues

- 14,000 cash expenses

46,000 ending cash balance

(assuming no other transaction impacted the cash account)

When you are asked for a ending value, you should identify first, if there is a beginning value, something which start the balance of the account.

Like inventory in hand, supplies in hand, equipment, accounts payable

Then you have to figure out which trasnaction incresae the balance

and which decrease it.

<u>Finally you put them together:</u>

<em>beginning + increase - decrease = ending</em>

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Linden, Inc. uses a 5,000 square foot factory space that it rents for $2,500 a month for all its manufacturing activities. Linde
nikdorinn [45]

Answer:

$1000

Explanation:

Total factory rent is $2500 for 5000 sq ft. The basis for assigning the rent cost to different activities will be on the basis of factory area used.

Factory area used by different activities is as follows,

1. Machining    500 sq ft

2. Preparation & Setup    2000 sq ft

3. Quality Control      2000 sq ft

4. Finishing    500 sq ft

So, The cost that will be assigned to the Preparation and setup cost will be

$2500 * 2000/5000 = $1000

3 0
2 years ago
A friend and fellow student shares her employment experience over the last 12-week summer break. It took her one full week to fi
Inessa05 [86]

Answer: 1. 12. 2. 1.090. 3. 0.08327

Explanation:

Here is the complete question:

friend and fellow student shares her employment experience over the last 12-week summer break. It took her one full week to find a job. She started on the first day of week two and was able to keep her job for the remaining eleven weeks. Use this information to answer the following three questions, assuming the unemployment rate is not changing:

1. Calculate the rate of job finding (f) for the summer, using an average rate per week. Enter this value in the box below. Note that if f is the rate of job finding, then the average spell of unemployment is (1/f).

The value of f is:

2. Calculate the rate of job separation (s), using an average rate per week. Enter this value into the box below. Note that if s is the rate of job separation, then the average length of employment is (1/s).

The value of s is:

3. Calculate the natural rate of unemployment (U) using the above results and enter this value in the box below.

The natural rate of unemployment (in percent) is

1. From the question, we can see that it was said that took her one full week to get a job over the last 12 week summer break. The unemployment rate will be 12.

The value of f is: 12

2. From the question, the average length of the employment is 11/12 weeks. The rate of job separation will be: s = 12weeks ÷ 11 weeks

s = 1.090

The value of s is: 1.090

3. The natural rate of unemployment will be:

U = s/(s+f)

= 1.090/(1.090 + 12)

= 1.090/13.090

= 0.08327

3 0
2 years ago
The core competency of MotorCraft Inc. is its fuel-efficient engine found in its cars. These engines are developed and built in-
Dmitry_Shevchenko [17]

Answer: B. redeploying and recombining existing core competencies to compete in future

Explanation: Motor craft inc core competence is in fuel efficient engine but realizing that there is a new market opportunity to diversify, it then "redeployed and recombined existing core competencies to compete in future". By producing car engines in large scale and selling it to other automobile companies.

6 0
2 years ago
An ordinary annuity selling at $11,417.87 today promises to make equal payments at the end of each year for the next six years (
Sauron [17]

Answer:

Annual payment $5,833,333.3

Explanation:

he sooner the amount is received, the higher is the present value

Hence, annuity with greatest present value is:

An annuity that pays $1,000 at the beginning of each year

Value of annuity = Annual payment*Present value annuity factor

11,417.87 = Annual payment*PVAF(9.5%, 6 years)

11,417.87 = Annual Payment*4.4198

Annual payment = $2,583.35

Annual payment = 35,000,000/6 = $5,833,333.33

3 0
2 years ago
Rugrat Company has the following information for the current year: Beginning fixed manufacturing overhead in inventory $190,000
inessss [21]

Answer:

$140,000

Explanation:

The  difference between operating incomes under absorption costing and variable costing based on fixed expenses is shown below:

Variable costing:

Fixed manufacturing overhead in production $750,000

Absorption costing:

The Fixed cost would be

= Beginning fixed manufacturing overhead in inventory + Fixed manufacturing overhead in production - Ending fixed manufacturing overhead in inventory

= $190,000 + $750,000 - $50,000

= $890,000

So, the difference would be

= $890,000 - $750,000

= $140,000

8 0
2 years ago
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