Homework Answers
Solution:
Net income for the year = revenues - expenses
= 48200 - 30200
= $18,000
Hence third option is correct.
Add Answer to:
Current Attempt in Progress Bramble Consulting started the year with total assets of $59100 and total...
Current Attempt in Progress In the first month of operations for Bramble Industries, the total of...
Current Attempt in Progress In the first month of operations for Bramble Industries, the total of the debit entries to the cas account amounted to $35300 ($15800 investment by stockholders and revenues of $19500). The total of the credit entries to the cash account amounted to $21900 (purchase of equipment $8400 and payment of expenses $13100). At the end of the month, the cash account has a(n) $13400 debit balance. $13400 credit balance. $6100 debit balance. $6100 credit balance. Save...
View Policies Current Attempt in Progress Bramble Corp.has $24000 of ending finished goods inventory as of...
View Policies Current Attempt in Progress Bramble Corp.has $24000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $18000 and cost of goods sold was $53000, how much would Bramble report for cost of goods manufactured? $59000 $18000 $77000 $47000 Attempts: 0 of 1 used Submit Answer Save for Later
Multiple Choice Question 145 Concord Consulting started the year with total assets of $58400 and total...
Multiple Choice Question 145 Concord Consulting started the year with total assets of $58400 and total liabilities of $14700. During the year, the business recorded $4900 in consulting revenues and $30900 in expenses Concord made an additional investment of $9100 and withdrew cash of $15000 during the year. The net income reported by Concord Consulting for the year was O $18000 O $3000. $1800 O $16800 Click you would like to show Work for this question Open Show Work
Current Attempt in Progress Swifty Corporation started the year with total assets of $314000 and total...
Current Attempt in Progress Swifty Corporation started the year with total assets of $314000 and total liabilities of $254000. During the year the business recorded $628000 in revenues, $334000 in expenses, and dividends of $58000. The net income reported by Swifty Corporation for the year was $294000 $564000. O $236000. O $174000. Current Attempt in Progress Blue Spruce Corp. started the month of June 2022 with total assets of $224000 and total liabilities of $123000. During June, the business recorded...
Current Attempt in Progress Blossom's Electronic Repair Shop started the year with total assets of $301000...
Current Attempt in Progress Blossom's Electronic Repair Shop started the year with total assets of $301000 and total liabilities of $216000. During the year, the business recorded $512000 in electronic repair revenues, $314000 in expenses, and Blossom withdrew $50700. The net income reported by Blossom's Electronic Repair Shop for the year was O $135700. O $70300 O $268300 O $198000
Show Attempt History Current Attempt in Progress Bramble Corp, markets CDs of numerous performing artists. At...
Show Attempt History Current Attempt in Progress Bramble Corp, markets CDs of numerous performing artists. At the beginning of March, Bramble had in beginning inventory.co $6. During March, Bramble made the following purchases of CDs. m March March 13 2,000 @ $7 3,700 e $8 March 21 4,600 $9 March 26 2,000 @ $10 During March 11,900 units were sold. Bramble uses a periodic inventory system * Your answer is incorrect Determine the cost of goods available for sale. The...
urrent Attempt in Progress Your answer is incorrect. Bramble Corp.sold goods with a total selling price...
urrent Attempt in Progress Your answer is incorrect. Bramble Corp.sold goods with a total selling price of $801.900 during the year. It purchased goods for $391.400 and had beginning inventory of $71,100. A count of its ending inventory determined that goods on hand was $60,000. What was its cost of goods sold? Cost of goods sold $ e Textbook and Media Attempts: 1 of 10 used Submit Answer Save for Later Attempte: 1 of 20 un Send to Gradebook Type...
Current Attempt in Progress Bramble Company had the following department information for the month: Total materials...
Current Attempt in Progress Bramble Company had the following department information for the month: Total materials costs $ 53000 Equivalent units of materials Total conversion costs Equivalent units of conversion costs 10000 $95000 19000 How much is the total manufacturing cost per unit? $5.30. $10.30 $5.00 $5.53 Save for Later Attemp
Question 3 of 7 > View Policies Current Attempt in Progress Bramble Corp. has the following...
Question 3 of 7 > View Policies Current Attempt in Progress Bramble Corp. has the following transactions during August of the current year. Aug. 1 Aug.4 Aug. 16 Aug. 27 Issues shares of common stock to investors in exchange for $10,700. Pays insurance in advance for 3 months. $1,860. Receives $830 from clients for services rendered. Pays the secretary $670 salary. Indicate the basic analysis and the debit-credit analysis, Indicate the basic analysis and the debit-credit analysis. Basic Analysis Debit-Credit...
Question 3 2 pts Bramble Corp. started the year with total assets of $318.000 and total...
Question 3 2 pts Bramble Corp. started the year with total assets of $318.000 and total liabilities of $258,000. During the year the business recorded $634,000 in revenues. $327,000 in expenses, and dividends of $62,000. The net income reported by Bramble Corp. for the year was 5187.000 $577,000. $245,000 $307,000 Question 2 2 pts If total assets increased by $51,000 and stockholders' equity decreased by $11,000 during a period of time, then total liabilities must change by what amount and...
Current Attempt in Progress In the first month of operations for Bramble Industries, the total of the debit entries to the cas account amounted to $35300 ($15800 investment by stockholders and revenues of $19500). The total of the credit entries to the cash account amounted to $21900 (purchase of equipment $8400 and payment of expenses $13100). At the end of the month, the cash account has a(n) $13400 debit balance. $13400 credit balance. $6100 debit balance. $6100 credit balance. Save...
View Policies Current Attempt in Progress Bramble Corp.has $24000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $18000 and cost of goods sold was $53000, how much would Bramble report for cost of goods manufactured? $59000 $18000 $77000 $47000 Attempts: 0 of 1 used Submit Answer Save for Later
Multiple Choice Question 145 Concord Consulting started the year with total assets of $58400 and total liabilities of $14700. During the year, the business recorded $4900 in consulting revenues and $30900 in expenses Concord made an additional investment of $9100 and withdrew cash of $15000 during the year. The net income reported by Concord Consulting for the year was O $18000 O $3000. $1800 O $16800 Click you would like to show Work for this question Open Show Work
Current Attempt in Progress Swifty Corporation started the year with total assets of $314000 and total liabilities of $254000. During the year the business recorded $628000 in revenues, $334000 in expenses, and dividends of $58000. The net income reported by Swifty Corporation for the year was $294000 $564000. O $236000. O $174000. Current Attempt in Progress Blue Spruce Corp. started the month of June 2022 with total assets of $224000 and total liabilities of $123000. During June, the business recorded...
Current Attempt in Progress Blossom's Electronic Repair Shop started the year with total assets of $301000 and total liabilities of $216000. During the year, the business recorded $512000 in electronic repair revenues, $314000 in expenses, and Blossom withdrew $50700. The net income reported by Blossom's Electronic Repair Shop for the year was O $135700. O $70300 O $268300 O $198000
Show Attempt History Current Attempt in Progress Bramble Corp, markets CDs of numerous performing artists. At the beginning of March, Bramble had in beginning inventory.co $6. During March, Bramble made the following purchases of CDs. m March March 13 2,000 @ $7 3,700 e $8 March 21 4,600 $9 March 26 2,000 @ $10 During March 11,900 units were sold. Bramble uses a periodic inventory system * Your answer is incorrect Determine the cost of goods available for sale. The...
urrent Attempt in Progress Your answer is incorrect. Bramble Corp.sold goods with a total selling price of $801.900 during the year. It purchased goods for $391.400 and had beginning inventory of $71,100. A count of its ending inventory determined that goods on hand was $60,000. What was its cost of goods sold? Cost of goods sold $ e Textbook and Media Attempts: 1 of 10 used Submit Answer Save for Later Attempte: 1 of 20 un Send to Gradebook Type...
Current Attempt in Progress Bramble Company had the following department information for the month: Total materials costs $ 53000 Equivalent units of materials Total conversion costs Equivalent units of conversion costs 10000 $95000 19000 How much is the total manufacturing cost per unit? $5.30. $10.30 $5.00 $5.53 Save for Later Attemp
Question 3 of 7 > View Policies Current Attempt in Progress Bramble Corp. has the following transactions during August of the current year. Aug. 1 Aug.4 Aug. 16 Aug. 27 Issues shares of common stock to investors in exchange for $10,700. Pays insurance in advance for 3 months. $1,860. Receives $830 from clients for services rendered. Pays the secretary $670 salary. Indicate the basic analysis and the debit-credit analysis, Indicate the basic analysis and the debit-credit analysis. Basic Analysis Debit-Credit...
Question 3 2 pts Bramble Corp. started the year with total assets of $318.000 and total liabilities of $258,000. During the year the business recorded $634,000 in revenues. $327,000 in expenses, and dividends of $62,000. The net income reported by Bramble Corp. for the year was 5187.000 $577,000. $245,000 $307,000 Question 2 2 pts If total assets increased by $51,000 and stockholders' equity decreased by $11,000 during a period of time, then total liabilities must change by what amount and...
Most questions answered within 3 hours.
-
if we subtract 1000 from 0001 is there overflow? (binary)
asked 6 minutes ago -
Hello, I need help with the function below, The language I am
using is Ocaml
open...
asked 7 minutes ago -
Explain how the presence of glucose represses the gal structural
genes?
asked 15 minutes ago -
For the reaction CaI2+2AgNO3⟶2AgI+Ca(NO3)2 how many grams of
silver iodide, AgI, are produced from 56.5 g...
asked 27 minutes ago -
Write an equation for hydrolysis via acid catalysis.
Using ethyl acetate, ethyl benzoate, ethyl formate or...
asked 34 minutes ago -
Only one graph is needed.
(a) Draw a Supply Curve and the Demand Curve for the...
asked 37 minutes ago -
Fill in the blanks and please show how you arrived at numerical
answers
. The...
asked 37 minutes ago -
91. If the half – life of a sample of radioactive
material is 60 days, what...
asked 44 minutes ago -
White light (380nm-750nm) strikes a diffraction grating (420
lines/mm) at normal incidence. What is the highest-order...
asked 54 minutes ago -
1) Explain what is meant by a good being "excludable."?
2) Explain what is meant by...
asked 53 minutes ago -
I need help with this question:
Describe in detail at least two factors that stimulated American...
asked 1 hour ago -
Calculate the Boyle temperature for helium assuming it follows
the Berthelot equation of state.
asked 1 hour ago