Business, 28.01.2020 04:31 LuckyCharms988
Pope’s garage had the following accounts and amounts in its financial statements on december 31, 2019. assume that all balance sheet items reflect account balances at december 31, 2019, and that all income statement items reflect activities that occurred during the year then ended.3. calculate the total current assets at december 31, 2010.b. calculate the total liabilities and owners’ equity at december 31, 2010.c. calculate the earnings from operations (operating income) for the year ended december 31, 2010.d. calculate the net income (or loss) for the year ended december 31, 2010.e. what was the average income tax rate for pope’s garage for 2010? f. if $16,000 of dividends had been declared and paid during the year, what was the january 1, 2010, balance of retainedearnings?
Answers: 3
Business, 22.06.2019 12:10, huangjianhe135
The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)
Answers: 1
Business, 22.06.2019 12:50, trintrin227
Afirm’s production function is represented by q(m, r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false
Answers: 3
Business, 23.06.2019 01:10, aris35
Hillside issues $4,000,000 of 6%, 15-year bonds dated january 1, 2016, that pay interest semiannually on june 30 and december 31. the bonds are issued at a price of $4,895,980. required: 1. prepare the january 1, 2016, journal entry to record the bonds’ issuance
Answers: 3
Pope’s garage had the following accounts and amounts in its financial statements on december 31, 201...
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