Business, 01.02.2021 23:30 aidentrooper8629
A retail pet store has $10,500 in cash and inventory worth $31,250.
The store has a six-year bank loan of $40,000 and current liabilities of $360.
The office equipment for the store is worth $10,500, less $1,150 in depreciation; store fixtures are
worth $8,700, less $600 in depreciation; and a company vehicle is worth $10,500, less $1,500 in
depreciation.
Accounts receivable are $1,050 and accounts payable are $9,800.
What are the store's total liabilities?
$10,160
$29,840
$40,000
$50,160
Answers: 2
Business, 21.06.2019 23:20, pwolfiimp4
Which feature transfers a slide show into a word-processing document?
Answers: 2
Business, 22.06.2019 07:30, 2016gbryant
Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.
Answers: 2
Business, 22.06.2019 11:00, neash19
Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period
Answers: 3
A retail pet store has $10,500 in cash and inventory worth $31,250.
The store has a six-year bank l...
Social Studies, 11.12.2020 01:00
Chemistry, 11.12.2020 01:00
Mathematics, 11.12.2020 01:00
Mathematics, 11.12.2020 01:00
Biology, 11.12.2020 01:00