Companies prepare balance sheets in order to know their financial position at a specific point in time. This enables them to make a comparison to their position at previous points in time and gives them a basis for planning for the future. In order to evaluate your financial position, you can prepare a personal balance sheet. Assume that you have compiled the following information regarding your finances. (Hint: Some of the items might not be used in your personal balance sheet.) Amount owed on student loan balance (long-term) $4,900 Balance in checking account 1,400 Certificate of deposit (6-month) 3,900 Annual earnings from part-time job 11,000 Automobile 7,800 Balance on automobile loan (current portion) 1,400 Balance on automobile loan (long-term portion) 3,900 Home computer 890 Amount owed to you by younger brother 330 Balance in money market account 2,000 Annual tuition 6,100 Video and stereo equipment 1,320 Balance owed on credit card (current portion) 120 Balance owed on credit card (long-term portion) 1,610 a. Prepare a personal balance sheet using the format you have learned for a classified balance sheet for a company. For the equity account, use M. Y. Own, Capital. (List Current Assets in order of liquidity.)
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Business, 22.06.2019 20:30, lareynademividp0a99r
The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.
Answers: 3
Business, 22.06.2019 23:00, astultz309459
Abeverage company puts game pieces under the caps of its drinks and claims that one in six game pieces wins a prize. the official rules of the contest state that the odds of winning a prize are is the claim "one in six game pieces wins a prize" correct? why or why not? 1: 6.
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Business, 22.06.2019 23:20, fedora87
Assume a competitive firm faces a market price of $60, a cost curve of c = 0.003q^3 + 25q + 750, and a marginal cost of curve of: mc = 0.009q^2 + 25.the firm's profit maximizing output level (to the nearest tenth) is , and the profit (to the nearest penny) at this output level is $ will cause the market supply to (shift right/shift left). this will continue until the price is equal to the minimum average cost of $
Answers: 2
Companies prepare balance sheets in order to know their financial position at a specific point in ti...
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