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2 years ago

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Use the following list of accounts for Milner's Star Express Cleaning Service. Cash $2,026 Fees Earned 13,835 Accounts Payable 7

,530 D. Milner, Capital January 1, 20-- 6,000 D. Milner, Drawing 1,750 Utilities Expense 153 Prepaid Insurance 1,216 Rent Expense 1,200 Accounts Receivable 4,080 Equipment 15,290 Wages Expense 1,650 Required: 1. Prepare an income statement for the year ended December 31, 20--. Milner's Star Express Cleaning Service Income Statement For the Year Ended December 31, 20--

1 answer:

Marysya12 [62]2 years ago

3 0

Answer:

Milner's Star Express Cleaning

Income Statement For the Year Ended December 31, 20--

Fees Earned 13,835

Utilities Expense 153

Rent Expense 1,200

Wages Expense 1,650

total expenses <u> 3,003 </u>

net income 10,832

Explanation:

We will subtract the expenses account from the fees earned to get net income

The other accounts will be ignores as they are not used in the calculations for the net income

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2 years ago

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Musya8 [376]

Answer: $33 without trade, $50 with trade

Explanation:

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2 years ago

Read 2 more answers

Ksivusya [100]

3)

Jorge Rodrigues annual salary is:

$S=\$48,000$

We know that 1 year consists of 12 months, so the gross wage per month can be obtained by dividing the annual salary by 12:

$\frac{S}{m}=\frac{48,000}{12}=\$4,000$

1 year also contains 52 weeks, so the gross wage per week is obtained by dividing the annual salary by 52:

$\frac{S}{w}=\frac{48,000}{52}=\$923$

Finally, 1 year contains 26 bi-week periods, so the gross wage per bi-week period is:

$\frac{S}{b}=\frac{48,000}{26}=\$1846$

4)

In this part, we know that Lexi's salary per month is:

$s=\$1600$

We know that 1 year consists of 12 months: therefore, the annual salary contains 12 monthly salary, so we can write

$S=ns$

where

n = 12 is the number of months

S is the annual salary

Substituting s, we find:

$S=(12)(1600)=\$19,200$

5)

Here the Monthly salary of Ryo is

$s=\$2200$

So her annual salary is the monthly salary multiplied by 12:

$S=ns=(12)(2200)=\$26,400$

Then Ryo has been offered a raise of $250 per month, so her new salary per month will be

$s'=2200+250=\$2450$

Therefore, her new annual salary will be

$S'=ns'=(12)(2450)=\$29,400$

So, the amount that Ryo will earn more per year is:

$\Delta S=S'-S=29,400-26400=\$3000$

6)

Being paid salary means that we are paid with a fixed regular payment, usually paid every month.

Being paid by hourly rate instead means that we are paid a fixed amount for every hour of work: therefore, the total monthly salary will depend on the number of hours of work.

Therefore, the main advantages/disadvantages are the following:

- Advantage of being paid salary: the payment is fixed, therefore it is independent on the number of hours worked - so even if one month we work less hours, we still receive the same pay

- Disadvantages: the salary is fixed and cannot be increased by working more - in fact, in the hourly payment, by working more hours it is possible to earn more.

7)

In this problem, the amount of the check in the restaurant is

$c=\$340$

The customer decides to leave a 20% tip, which corresponds to $\frac{20}{100}$ of the amount of check.

Therefore, we can write the amount of the tip left as

$t=\frac{20}{100}c$

Simplifying, we get

$t=\frac{1}{5}c$

And by substituting c = 340, we find the tip left:

$t=\frac{1}{5}(340)=\$68$

8)

In this problem, Sandra is paid per day.

Her pay per day is

$d=\$95$

Which means that she is paid 95 dollars per day.

In this month, Sandra has worked for

n = 22 days

Therefore her total earning for this month will be

$T=nd$

and substituting n = 22 and d = 95, we find:

$T=(22)(95)=\$2090$

9)

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For Zinke, the total number of pieces produced is:

n = 54 + 55 + 59 + 62+ 60 = 290

The price per piece produced is

p = $1.60

Therefore, the gross pay is equal to the number of pieces times the price per piece:

$P=np=(290)(1.60)=\$464$

Then we have to repeat the exercise for Bello. The total number of pieces produced is:

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10)

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It is:

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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.

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2 years ago

How much would Roderick have after 6 years if he has $500 now and leaves it invested at 5.5% with annual compounding?a. $591.09b

Dimas [21]

Answer:

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So option (d) is correct

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We have given that Roderick invested $500 at a rate for 6 years

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We know that total amount is given by

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So total amount $A=500(1+\frac{5.5}{100})^6=$689.421$

So Roderick will get $689.421 after 6 years

So option (d) is correct

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2 years ago