Homework Answers
| Income Statement | ||
| For the year ended December 31,2018 | ||
| Revenue | 56000 | |
| Expenses: | ||
| Salaries expense | 10000 | |
| Utility expense | 2500 | |
| Total expenses | 12500 | |
| Net income | 43500 | |
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apter 2 HW Saved Check my work mode: This shows what is correct or incorrect for...
connec Platom omework Saved Check my work mode : This shows what is correct or incorrect...
connec Platom omework Saved Check my work mode : This shows what is correct or incorrect for the work y Income Statements For Year Ended December 31 Unadjusted Adjusted $24,000 42,500 $66,500 $28,800 42,500 71,300 Revenues Fees earned Commissions earned Total revenues Expenses Depreciation expense Computers Depreciation expense-Office furniture Salaries expense Insurance expense Rent expense office supplies expense Advertising expense Utilities expense Total expenses Net income @ 12,500 @ 4,500 1,200 1,400 14,460 1,040 4,500 384 3,000 1, 306 27,...
5A G Seved Check my work mode: This shows what is correct or incorrect for the...
5A G Seved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not ing Required information The following information applies to the questions displayed below) Forten Company's current year income statement, comparative balance sheets, and additional information follow. For year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits...
Saved Chapter 5 Homework Check my work mode: This shows what is correct or incorrect for...
Saved Chapter 5 Homework Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it Gerdes Psychological Services, Inc, closes its temporary accounts once each year on December 31. The compa following income statement as part of its annual report. 2,500 GERDES PSYCHOLOGICAL SERVICES, INC. Income Statement For the year ended December 31, current year Revenues Counseling revenue Expenses: Advertising expense Salaries expense 97,000 Office supplies expense Utilities expense Malpractice insurance...
m Required information The following information applies to the questions displayed below.] Part 2 of 2...
m Required information The following information applies to the questions displayed below.] Part 2 of 2 1 Milea Inc. experienced the following events in Year 1, its first year of operations: points 1. Received $20,000 cash from the issue of common stock. 2. Performed services on account for $56,000. 3. Paid the utility expense of $2,500. 4. Collected $48,000 of the accounts receivable. 5. Recorded $10,000 of accrued salaries at the end of the year. 6. Paid a $2,000 cash...
Check my work mode : This shows what is correct or incorrect for the work you...
Check my work mode : This shows what is correct or incorrect for the work you haj In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts : $1,166,853 debit $ 24,550 debit 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on in part 1c (Do not round intermediate calculations.) Answer is complete but not entirely correct. Current assets Accounts receivable Less: Allowance for doubtful accounts $ 1.166 853 (81.680)...
YouTube Maps mework Check my work mode: This shows what is correct or incorrect for the...
YouTube Maps mework Check my work mode: This shows what is correct or incorrect for the work $ 3,51e 1.95e TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2018 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold Depreciation Insurance Administrative and other Total operating expenses Income before income taxes Income tax expense Net Income Balance Sheet Information ($ in thousands) Assets Cash Accounts receivable Inventory Prepaid insurance plant and equipment Less: Accumulated depreciation $ 1.050...
apter 2 Check my work mode: This shows what is correct or incorrect for the work...
apter 2 Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it does not indicate completion Return to question Consider the three stocks in the following table Pt represents price at time and Ot represents shares outstanding at time Stock splits two for one in the last period 02 Calculate the first period rates of return on the following indexes of the three stocks: (Do not round Intermediate calculations. Round...
why is that wrong ?? Check my work mode : This shows what is correct or...
why is that wrong ??
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not in 2,100 Increase in accounts receivable Changes in current operating assets and liabilities Increase in inventory Decrease in accounts payable Decrease in salaries payable (19,950) (1,500) (100) $ (1.750) Cash flows from investing activities Cash paid for equipment (8,400) $ (8,400) Cash flows from financing activities Cash received from stock issuance 10,000...
necmeuldLIILLUMIWLUMCLLIT Saved Check my work mode: This shows what is correct or incorrect for the work...
necmeuldLIILLUMIWLUMCLLIT Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not ind Problem 13-20 Cost of Debt (L04) Micro Spinoffs Inc. issued 10-year debt a year ago at par value with a coupon rate of 6%, paid annually. Today, the debt is selling at $1,080. If the firm's tax bracket is 21%, what is its percentage cost of debt? Assume a face value of $1,000. (Do not...
Check my work mode : This shows what is correct or incorrect for the work you...
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate For the year ended December 31, Southern Supply had net sales of $7,470,000, costs and other expenses (including income tax) of $5,940,000, and a gain from discontinued operations (net of income tax) of $420,000. a. Prepare a condensed income statement (including earnings per share), assuming that 910,000 shares of common stock were outstanding throughout the year....
connec Platom omework Saved Check my work mode : This shows what is correct or incorrect for the work y Income Statements For Year Ended December 31 Unadjusted Adjusted $24,000 42,500 $66,500 $28,800 42,500 71,300 Revenues Fees earned Commissions earned Total revenues Expenses Depreciation expense Computers Depreciation expense-Office furniture Salaries expense Insurance expense Rent expense office supplies expense Advertising expense Utilities expense Total expenses Net income @ 12,500 @ 4,500 1,200 1,400 14,460 1,040 4,500 384 3,000 1, 306 27,...
5A G Seved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not ing Required information The following information applies to the questions displayed below) Forten Company's current year income statement, comparative balance sheets, and additional information follow. For year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits...
Saved Chapter 5 Homework Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it Gerdes Psychological Services, Inc, closes its temporary accounts once each year on December 31. The compa following income statement as part of its annual report. 2,500 GERDES PSYCHOLOGICAL SERVICES, INC. Income Statement For the year ended December 31, current year Revenues Counseling revenue Expenses: Advertising expense Salaries expense 97,000 Office supplies expense Utilities expense Malpractice insurance...
m Required information The following information applies to the questions displayed below.] Part 2 of 2 1 Milea Inc. experienced the following events in Year 1, its first year of operations: points 1. Received $20,000 cash from the issue of common stock. 2. Performed services on account for $56,000. 3. Paid the utility expense of $2,500. 4. Collected $48,000 of the accounts receivable. 5. Recorded $10,000 of accrued salaries at the end of the year. 6. Paid a $2,000 cash...
Check my work mode : This shows what is correct or incorrect for the work you haj In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts : $1,166,853 debit $ 24,550 debit 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on in part 1c (Do not round intermediate calculations.) Answer is complete but not entirely correct. Current assets Accounts receivable Less: Allowance for doubtful accounts $ 1.166 853 (81.680)...
YouTube Maps mework Check my work mode: This shows what is correct or incorrect for the work $ 3,51e 1.95e TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2018 ($ in thousands) Sales revenue Operating expenses: Cost of goods sold Depreciation Insurance Administrative and other Total operating expenses Income before income taxes Income tax expense Net Income Balance Sheet Information ($ in thousands) Assets Cash Accounts receivable Inventory Prepaid insurance plant and equipment Less: Accumulated depreciation $ 1.050...
apter 2 Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it does not indicate completion Return to question Consider the three stocks in the following table Pt represents price at time and Ot represents shares outstanding at time Stock splits two for one in the last period 02 Calculate the first period rates of return on the following indexes of the three stocks: (Do not round Intermediate calculations. Round...
why is that wrong ??
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not in 2,100 Increase in accounts receivable Changes in current operating assets and liabilities Increase in inventory Decrease in accounts payable Decrease in salaries payable (19,950) (1,500) (100) $ (1.750) Cash flows from investing activities Cash paid for equipment (8,400) $ (8,400) Cash flows from financing activities Cash received from stock issuance 10,000...
necmeuldLIILLUMIWLUMCLLIT Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not ind Problem 13-20 Cost of Debt (L04) Micro Spinoffs Inc. issued 10-year debt a year ago at par value with a coupon rate of 6%, paid annually. Today, the debt is selling at $1,080. If the firm's tax bracket is 21%, what is its percentage cost of debt? Assume a face value of $1,000. (Do not...
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate For the year ended December 31, Southern Supply had net sales of $7,470,000, costs and other expenses (including income tax) of $5,940,000, and a gain from discontinued operations (net of income tax) of $420,000. a. Prepare a condensed income statement (including earnings per share), assuming that 910,000 shares of common stock were outstanding throughout the year....
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