The following labor standards have been established for a particular product: Standard labor-hours per unit of output 8.7 hours Standard labor rate $12.50 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 6,500 hours Actual total labor cost $78,650 Actual output 900 units What is the labor efficiency variance for the month

Answers

Answer 1

Answer:

the labor efficiency variance for the month is $16,625 favorable

Explanation:

The computation of the labor efficiency variance for the month is given below:

= Standard labor rate × (actual hours - actual output × standard hours per unit)

= $12.5 × (6,500 hours - 900 units × 8.7 hours)

= $16,625 Favorable

Hence, the labor efficiency variance for the month is $16,625 favorable

The same is relevant


Related Questions

Assume Plato merchandising business, which was established to purchase and sale of various products to customer. This company is a vat registered company and declares tax to the government. During the current month the business has purchased supplies for br.75, 250 Vat inclusive and sold various products for br.125, 250 before vat to customers and the business has two permanent employers to provide service to customers.
No Name of employers Basic salary Taxable allowance
1 Bulcha Deguna 5000 600
2 Solomon Adugna 6400 400

- Task 1.1 calculate the amount of direct tax for the month
- Task 1.2 determine the amount of indirect tax liability for the month
Task 1.3 list types of direct and indirect taxes

Answers

Jrhfhffghfhtjfjfjgjbfjjfmfnfjfjfjfgfp

will lend you $10,000 today with terms that require you to pay off the loan in 36 monthly installments of $500 each. What is the effective annual rate of interest that Laura is charging you

Answers

its 5.00 because i need brainly point

You are going to retire in 43 years. After retirement, you need $80,000 at the end of year for 25 years. How much do you have to save for your retirement every month

Answers

Answer:

Results are below.

Explanation:

I will assume an interest rate of 8% per year.

First, we need to calculate the amount required at the moment of retirement:

PV= A*{(1/i) - 1/[i*(1 + i)^n]}

PV= 80,000 * {(1/0.08) - 1/[0.08*(1.08^25)]}

PV= $853,982.1

Now, the monthly deposit required:

i= 0.08/12= 0.0067

n= 43*12= 516

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (853,982.1*0.0067) / [(1.0067^516) - 1]

A= $188.43

Gantner Company had the following department information about physical units and percentage of completion: Ch21_Q64 If materials are added at the beginning of the production process, what is the total number of equivalent units for materials during May

Answers

Answer:

200,000 units

Explanation:

The computation of the total no of equivalent units for material during may month is given below:

Units added during May is

= 150,000 + 50,000

= 200,000 units.

Hence, the total no of equivalent units for material during may month is 200,000 units

The same should be considered and relevant  

Under absorption costing, fixed manufacturing overhead is expensed at the time the units are produced. Under variable costing, fixed manufacturing overhead is expensed at the time the units are sold.A. TrueB. False

Answers

Answer:

A. True

Explanation:

In the case of absorption costing, the fixed manufacturing overhead should be incurred at the time when the units are generated or produced. While on the other hand, in the case of variable costing the fixed manufacturing overhead should be incurred at the time when the units are sold

Therefore the given statement is true

Hence, the correct option is a.

Front Company had net income of $82,500 based on variable costing. Beginning and ending inventories were 1,800 units and 3,200 units, respectively. Assume the fixed overhead per unit was $8.40 for both the beginning and ending inventory. What is net income under absorption costing

Answers

Answer:

$94,260.00

Explanation:

There is no doubt that the difference between net income under absorption costing and variable costing method lies in the treatment of fixed cost, under the former, each product is charged with fixed cost while total fixed cost is charged as a  period cost under the latter.

In essence, the fixed cost on ending inventory would have been expensed and deducted in arriving at net income under variable cost, in other words, we simply add to net income under variable costing the fixed cost attributable to an increase in ending inventory

income=$82,500+(3200-1800)*$8.40

net income=$94,260.00

The Chandler Group wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking up". As a result, the cemetery project will provide a net cash inflow of $57,000 for the firm during the first year, and the cash flows are projected to grow at a rate of 7 percent per year forever. The project requires an initial investment of $759,000. The firm requires a 14 percent return on such undertakings. The company is somewhat unsure about the assumption of a 7 percent growth rate in its cash flows. At what constant rate of growth would the company just break even?

Answers

Answer: 6.49%

Explanation:

The constant rate of growth where the company would break even will be calculated thus:

Initial investment = Net cash inflow / (14% - g)

759000 = 57,000/(0.14 - g)

where g = growth rate

759000 = 57,000/(0.14 - g)

Cross multiply

759000(0.14 - g) = 57000

106260 - 759000g = 57000

759000g = 106260 - 57000

759000g = 49260

g = 49260/759000.

g = 0.0649

g = 6.49%

The growth rate that would lead the business to breakeven is 6.49%.

At breakeven, the growth rate would lead to the cash inflows from the project being just enough to pay back the initial investment put into the catering business.

This growth rate is calculated by the formula:

Growth rate = ( (Investment * return rate) * - First cash inflow) / Investment

= ( (759,000 * 14%) - 57,000) / 759,000

= 6.49%

The growth rate that would lead the business to breakeven is therefore 6.49%.

Find out more at https://brainly.com/question/13186160.

Managerial accounting systems report both monetary and nonmonetary information. Examples of nonmonetary information include: Multiple select question. amount of sales per customer percentage of on-time deliveries. employee satisfaction data. employee diversity.

Answers

Answer: employee satisfaction data

Explanation:

Managerial accounting helps in the provision of vital information to internal managers. Managerial accounting is useful for making planning and control decisions.

Examples of nonmonetary information include the employee satisfaction data, quality of purchase decisions etc.

When liabilities increase, this means that the firm has borrowed money or received contributions from shareholders. Therefore, increases in liabilities represent increases in cash. Group of answer choices True False

Answers

Answer:

The answer is true

Explanation:

Increasing Liabilities is increasing cash inflow. For example, if a firm borrows money from a bank, it increases its liabilities and also increases its cash account because the bank will credit the firm with the borrowed form.

Also, if shareholders contribution increase by way of funding the company, the cash is being injected into the firm, thereby increasing the cash reserves.

Therefore, the answer to the question is true.

QS 6-6 Petty cash accounting LO P2 1. Brooks Agency set up a petty cash fund for $150. At the end of the current period, the fund contained $28 and had the following receipts: entertainment, $70; postage, $30; and printing, $22. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period.

Answers

Answer and Explanation:

The journal entries are as follows:

1. Petty cash A/c Dr $150

              To Cash A/c $150

(Being the establishment of petty cash is recorded)

2.

Entertainment expenses A/c Dr $70

Postage expense A/c Dr $30

Printing A/c Dr $22

                    To Petty cash A/c $122

(Being the reimbursement of petty cash fund is recorded)

Wilturner Company incurs $80,000 of labor related directly to the product in the Assembly Department, and $29,000 of labor related to the Assembly Department as a whole, and $16,000 of labor for services that help production in both the Assembly and Finishing departments. The amount of direct labor and factory overhead respectively are:________

Answers

Answer:

Direct labor = $80,000Factory Overhead = $29,000

Explanation:

Direct labor is the cost of labor that was involved in the actual production process.

Factory overhead is the labor that was involved in the production but not directly involved.

Direct labor here is therefore the $80,000 that was directly related to the product.

Factory overhead is the $29,000 that was related to the Assembly department as a whole.

Based on the results in (a), the CFO requested that $22,000 of cash be used to pay off the balance of the accounts payable account on December 31, 2022. Calculate the new current ratio and working capital after the company takes these actions.

Answers

Question Completion:

Crane Company

Balance Sheet

December 30, 2022

Current assets

Cash                                            $27,000  

Accounts receivable                     29,700  

Prepaid insurance                          6,000

Total current assets                 $ 62,700

Equipment (net)                          201,200

Total assets                             $263,900

Current liabilities

Accounts payable                  $ 22,000  

Salaries and wages payable       11,000

Total current liabilities          $ 33,000

Long-term liabilities

Notes payable                         79,700

Total liabilities                       $112,700

Stockholders' equity

Common stock     100,000  

Retained earnings  51,200 $151,200

Total liabilities and

stockholders' equity         $263,900

Answer:

Crane Company

                               Dec. 30       Dec. 31

Current ratio             1.9               3.64

Working capital     $29,700     $29,000

Explanation:

a) Data and Calculations:

Crane Company

Balance Sheet

December 30, 2022

Current assets

Cash                                            $27,000  

Accounts receivable                     29,700  

Prepaid insurance                          6,000

Total current assets                 $ 62,700

Equipment (net)                          201,200

Total assets                             $263,900

Current liabilities

Accounts payable                  $ 22,000  

Salaries and wages payable       11,000

Total current liabilities          $ 33,000

Long-term liabilities

Notes payable                         79,700

Total liabilities                       $112,700

Stockholders' equity

Common stock     100,000  

Retained earnings  51,200 $151,200

Total liabilities and

stockholders' equity         $263,900

                               Dec. 30       Dec. 31

Current assets       $62,700     $40,000

Current liabilities   $33,000       $11,000

Working capital     $29,700     $29,000

Current ratio             1.9               3.64

Working capital = Current assets - Current liabilities

Current ratio = Current assets/Current liabilities

Cute Camel Woodcraft Company is considering a one-year project that requires an initial investment of $500,000; however, in raising this capital, Cute Camel will incur an additional flotation cost of 6%. At the end of the year, the project is expected to produce a cash inflow of $700,000. The rate of return that Cute Camel expects to earn on the project after its flotation costs are taken into account is

Answers

Answer:

The correct answer is "32.076%".

Explanation:

Given:

Initial investment,

= $500,000

Cash inflows,

= $500,000

The floatation cost will be:

= [tex]500,000\times 6 \ percent[/tex]

= [tex]30,000[/tex] ($)

The total cost will be:

= [tex]Initial \ investment+Floatation \ cost[/tex]

= [tex]500000+30000[/tex]

= [tex]530000[/tex]

hence,

The rate of return will be:

= [tex]\frac{Inflows}{Cost} -1[/tex]

= [tex]\frac{700000}{530000} -1[/tex]

= [tex]\frac{700000-530000}{530000}[/tex]

= [tex]0.32076[/tex]

= [tex]32.076[/tex] (%)

Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 15,500 units, 100% complete with respect to materials cost and 20% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $25,200. A total of 53,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.6 for materials and $3.3 for conversion costs. The total cost of the units completed and transferred out of the department was:

a. $259,700
b. $254,180
c. $189,740
d. $225,380

Answers

Answer:

a. $259,700

Explanation:

The computation of the  total cost of the units completed and transferred out of the department  is given below:

= 53,000 units × $1.6 + 53,000 un$its × $3.3

= $84,800 + $174,900

= $259,700

Hence, the total cost of the units completed and transferred out of the department  is  $259,700

Your company is estimated to make dividends payments of $2.2 next year, $3.9 the year after, and $4.8 in the year after that. The dividends will then grow at a constant rate of 2% per year. If the discount rate is 9% then what is the current stock price?

Answers

Answer:

$63.01

Explanation:

The share price today is the present value of expected future cash flows which in this case are the expected future dividends and the terminal value of dividends beyond the 3rd year.

Year 1 dividend =$2.2  

Year 2 dividend =$3.9

Year 3 dividend =$4.8

Terminal value=Year 3 dividend*(1+constant growth rate)/(required rate of return-constant growth rate)

constant growth rate=2%

the required rate of return=9%

Terminal value=$4.80*(1+2%)/(9%-2%)

Terminal value=$69.94

Present value of a future cash flow=cash flow/(1+required rate of return)^n

n is 1 for year 1 dividend, 2 for year 2 dividend , 3 for year 3 dividend,  and terminal value(terminal value is stated in year 3 terms)

stock price=$2.2/(1+9%)^1+$3.9/(1+9%)^2+$4.8/(1+9%)^3+$69.94/(1+9%)^3

stock price=$63.01  

Dallas Products is a division of a major corporation. The following data are for the most recent year of operations: Sales $ 37,080,000 Net operating income $ 3,108,960 Average operating assets $ 8,600,000 The company's minimum required rate of return 16 % The division's residual income is closest to:______

Answers

Answer:

1,732,960

Explanation:

The sales is $37,080,000

The net operating income is $3,108,960

The average operationg assets is $8,600,000

The required rate of return is 16%

The divisional residual income can be calculated as follows

= 3,108,960-(16/100×8,600,000)

= 3,108,960 - (0.16×8,600,000)

= 3,108,960-1,376,000

= 1,732,960

Hence the residual income is closest to $1,732,960

Exercise 6-10 Petty cash fund accounting LO P2 Palmona Co. establishes a $200 petty cash fund on January 1. On January 8, the fund shows $38 in cash along with receipts for the following expenditures: postage, $74; transportation-in, $29; delivery expenses, $16; and miscellaneous expenses, $43. Palmona uses the perpetual system in accounting for merchandise inventory. Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $450 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part 3.

Answers

Answer:

1 Jan 01

Dr Petty cash 200

Cr Cash 200

2 Jan 1

Dr Postage expense 74

Cr Merchandise inventory 29

Dr Delivery expense 16

Cr Miscellaneous expenses 43

Cr Cash 162

3 Jan 08

Dr Postage expense 74

Dr Merchandise inventory 29

Dr Delivery expense 16

Dr Miscellaneous expenses 43

C Cash 162

Dr Petty cash 250

Cr Cash 250

Explanation:

1 Preparation of the journal entry to record reimburse the fund

Jan 01

Dr Petty cash 200

Cr Cash 200

2. Preparation of the reimburse it on January 8, and

Jan 08

Dr Postage expense 74

Dr Merchandise inventory 29

Dr Delivery expense 16

Dr Miscellaneous expenses 43

Cr Cash 162

3 Preparation of jourtnal for reimburse the fund and increase it to $450

Jan 08 Postage expense 74

Merchandise inventory 29

Delivery expense 16

Miscellaneous expenses 43

Cash 162

Petty cash 250

Cash 250

Extra Credit: The people of the Philippines are no stranger to typhoons and yet most people were caught off guard when the typhoon Haiyan struck and caused unprecedented number of casualties. The main reason for this was due to:_____.a. extremely strong winds that destroyed homes.b. massive flooding caused by extremely rapid and high storm surges.c. very strong rate of rainfall that triggered massive landslides.d. massive amounts of rainfall that led to dam failures throughout the Philippines.

Answers

Answer:

a. extremely strong winds that destroyed homes

Explanation:

The people of the Philippines are no stranger to typhoons and yet most people were caught off guard when the typhoon Haiyan struck and caused unprecedented number of casualties. The main reason for this was due to extremely strong winds that destroyed homes.

The typhoon Haiyan was unlike any other typhoon the people of Philippines were accustomed to, or even Asia as a continent. It came with extremely strong winds that completely leveled everything in its path, leaving in its wake a mass of casualties and both human and infrastructure.

Q2. Custom Cuts Landscaping year-end balance sheet lists current assets ast $458,600, fixed assets at $658,200, current liabilities of $425,950, and long term debt of $395,450. Calculate Custom Cut's shareholder equity.

Answers

Answer:

the shareholder equity is $295,400

Explanation:

The computation of the shareholder equity is given below:

We know that

Assets = liabilities + stockholder equity

$458,600 + $658,200 = $425,950 + $395,450 + shareholder equity

So, the shareholder equity is

= $1,116,800 - $425,950 - $395,450

= $295,400

Hence, the shareholder equity is $295,400

Selected accounts with amounts omitted are as follows: Work in Process Aug. 1 Balance 268,300 Aug. 31 Goods finished 168,800 31 Direct materials X 31 Direct labor 43,300 31 Factory overhead X Factory Overhead Aug. 1 – 31 Costs incurred 108,100 Aug. 1 Balance 12,100 31 Applied X If the balance of Work in Process on August 31 is $202,600, what was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs? a.$12,100 b.$12,990 c.$168,800 d.$108,100

Answers

Answer:

b.$12,990

Explanation:

Calculation to determine the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs

Using this formula

Overhead applied = Direct labor cost * Predetermined overhead rate

Let plug in the formula

Overhead applied= 43,300 * 30%

Overhead applied= $12,990

Therefore the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs is $12,990

n Office Manager uses a Periodic Review Inventory System: they check the inventory in their Office Supply Closet once every 10 days, placing an order with their supplier depending on the inventory level of the office supplies. The manager has set a restocking level of 300 post it notes for their closet. This week, the manager has counted 140 post it notes in the closet. How many post it notes will the manager order from their supplier? In other words, what is the Order Quantity?

Answers

Answer: 160

Explanation:

The number of post it notes that the manager will order from their supplier will be the difference between the restocking level and the inventory at the time of review. This will be:

= Restocking level - Inventory at the time of review

= 300 - 140

= 160

Therefore, the order quantity is 160.

Westside Manufacturing Co.'s budget at 6,000 units of production includes $36,000 for direct labor and $3,000 for electric power. Total fixed costs are $33,000. At 7,000 units of production, a flexible budget would show: Group of answer choices variable and fixed costs totaling $45,375 variable costs of $39,000 and $33,875 of fixed costs variable costs of $45,500 and $33,000 of fixed costs variable costs of $44,000 and $33,000 of fixed costs

Answers

Answer:

variable costs of $45,500 and $33,000 of fixed costs

Explanation:

The computation of the variable cost and the fixed cost is shown below:

The fixed cost is $33,000

And, the variable cost is

= 39,000 ÷ 6,000 units × 7,000 units

= $45,500

Therefore variable costs of $45,500 and $33,000 of fixed costs

Hence, the same is to be considered and relevant

A sporting goods manufacturer budgets production of 45,000 pairs of ski boots in the first quarter and 30,000 pairs in the second quarter of the upcoming year. Each pair of boots require 2 kg of a key raw material. The company aims to end each quarter with ending raw materials inventory equal to 20% of the following quarter's material needs. Beginning inventory for this material is 18,000 kg and the cost per kg is $8. What is the budgeted materials need in kg. in the first quarter?
A) 90,000 kg.
B) 84,000 kg.
C) 108,000 kg.
D) 102,000 kg.
E) 120,000 kg.

Answers

Answer:

B) 84,000 kg.

Explanation:

The computation of the budgeted materials need in kg. in the first quarter is given below:

begnning inventory 18000

required for production (45000 × 2) 90000

Less: closing (30000 × 2 × 20%) - 12000

Raw material needs 84000

hence, the budgeted materials need in kg. in the first quarter is 84,000

Therefore the option b is correct

View Policies Current Attempt in Progress In January, Dieker Company requisitions raw materials for production as follows: Job 1 $910, Job 2 $1,700, Job 3 $800, and general factory use $650. Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 enter an account title for the journal entry on January 31 enter a debit amount enter a credit amount enter an account title for the journal entry on January 31 enter a debit amount enter a credit amount enter an account title for the journal entry on January 31

Answers

Answer:

Dieker Company

Journal Entry:

Debit Work in Process $3,410

Debit Manufacturing overhead $650

Credit Raw materials $4,060

To record raw materials used for production.

Explanation:

a) Data and Calculations:

Job 1                           $910

Job 2                       $1,700

Job 3                         $800   $3,410

General factory use               $650

Total                                    $4,060

Transaction Analysis:

Work in Process $3,410 Manufacturing overhead $650 Raw materials $4,060

b) While the summary journal entry is made in Work in Process, the detailed entries are made in Job 1, Job 2, and Job 3 cost sheets.

Botox Facial Care had earnings after taxes of $330,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $42.00. In 20X2, earnings after taxes increased to $386,000 with the same 200,000 shares outstanding. The stock price was $53.00. a. Compute earnings per share and the P/E ratio for 20X1. (The P/E ratio equals the stock price divided by earnings per share.) (Do not round intermediate calculations. Round your final answers to 2 decimal places.) b. Compute earnings per share and the P/E ratio for 20X2. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) c. Why did the P/E ratio change

Answers

Answer:

Botox Facial Care

                                          20X1           20X2

a. Earnings per share       $1.65            $1.93

b. P/E ratio                       25.45x          27.46x

c. The P/E ratio changed from 25.45x to 27.46x following a change in earnings per share and the stock price per share.

Explanation:

a) Data and Calculations:

                                       20X1           20X2

Earnings after taxes $330,000    $386,000

Outstanding shares   200,000      200,000

Earnings per share       $1.65            $1.93

Stock price                 $42.00         $53.00

P/E ratio                       25.45x          27.46x

Earnings per share = Earnings after taxes/Outstanding shares

P/E ratio = Stock price/Earnings per share

Taylor's nominal income is $50,000 per year in Acity where the cost-of-living index is 200. Taylor is considering accepting a similar job and relocating to Becity where the cost-of- living index is 210. For Taylor's income to have the same purchasing power in Becity as $50,000 has in Acity, then Taylor's nominal income per year in Becity must equal:

Answers

Answer: $52,500

Explanation:

Taylor's real income in Acity is:

= Nominal income / Cost of living index

= 50,000 / 200

= $250

Taylor needs to be paid a nominal amount that when divided by the cost of living index in Bcity, Taylor's real income would be $250.

Real income = Nominal income / Cost of living index

250 = Income / 210

Income = 210 * 250

= $52,500

What is the internal rate of return of a project costing $3,000; having after-tax cash flows of $1,500 in each of the two years of its two-year life; and a salvage value of $800at the end of the second year in addition to the $1,500 cash flow?a) 13%.
b) 15%.
c) 16%.
d) 19%.

Answers

the answer is B 15%
...
....
....

Closing entries are: Multiple Choice Made to record events that occurred during the period but have not yet been recorded. Made to transfer the balances of temporary accounts to retained earnings. Made to transfer the balances of permanent accounts to retained earnings. Optional.

Answers

Answer:

Made to transfer the balances of temporary accounts to retained earnings.

Explanation:

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

Generally, financial statements are the formally written records of the business and financial activities of a business entity or organization.

There are four (4) main types of financial statements and these are;

1. Balance sheet: it contains financial information about assets, liability, and equity.

2. Cash flow statement: it contains financial information about operating, financial and investing activities.

3. Income statement: it contains financial information about the income and expenses of an organization.

4. Statement of changes in equity: it contains financial information about profits or loss, dividends, etc.

A closing entry can be defined as a journal entry made at the end of an accounting period to transfer all balances in the temporary accounts to a permanent account.

In Financial accounting, there are four (4) main closing entries and these include;

I. Closing expenses to income summary.

II. Closing revenues to income summary.

III. Closing dividends to retained earnings.

IV. Closing income summary to retained earnings.

This ultimately implies that, closing entries are made to transfer the balances of temporary accounts to retained earnings.

Retained earnings also known as accumulated earnings, can be defined as the total amount of net income held by a corporation for its future use after paying out dividends to its shareholders.

The retained earnings statement refers to a financial statement that enumerate changes in retained earnings for an organization over a specific period of time. The retained earnings statement is the statement of owner's equity that outlines details of changes in the amount of retained earnings (profits) over a specified period in an organization.

On May 7, Jernigan Company purchased on account 640 units of raw materials at $15 per unit. During May, raw materials were requisitioned for production as follows: 224 units for Job 200 at $13 per unit and 294 units for Job 305 at $15 per unit.

Required:
Journalize the entry on May 7

Answers

Answer:

Date               Account Title                                              Debit               Credit

May 7             Materials                                                 $9,600

                      Accounts Payable                                                            $9,600

Working:

= Units purchased * cost per unit

= 640 * 15

= $9,600

As the goods were purchased on account, they will be sent to accounts payable. Materials are assets so they will be debited when acquired.

Larry Bar opened a frame shop and completed these transactions: Larry started the shop by investing $40,700 cash and equipment valued at $18,700. Purchased $140 of office supplies on credit. Paid $1,900 cash for the receptionist's salary. Sold a custom frame service and collected $5,200 cash on the sale. Completed framing services and billed the client $270. What was the balance of the cash account after these transactions were posted

Answers

Answer:

$44,000

Explanation:

Computation of Cash account balance

Particulars                                        Amount

Initial investment of cash                $40,700

Add: Cash collected from sales     $5,200

Less: Salaries paid                          $1,900

Balance of cash account               $44,000

Other Questions
What is an effect of continental drift? is solicitation with the promise of reward is the highest level of sexual harassment what is the role of the course instructor in the learning process? another words for gold An education researcher would like to test whether 2nd graders retain or lose knowledge during the summer when they are presumably not in school. She asks nine 2nd graders to take a comprehension exam at the end of the school year (May), and then asks those same students to come back after the summer (late August) to retake a different but equivalent exam, to see if their level of comprehension has changed. Using the data below, test this hypothesis using an (alpha level of 0.05.)May August95 10072 8078 9550 6589 8592 9875 7090 9665 87Required:What is the appropirate test? How you solve?A pool is 8 m long, 6 m wide and 1.5 m deep. It is painted at $6 per square meter.a) How much will it cost to paint it?b) How many litres of water will be needed to fill it? Match the part of the circle to its correct name. write in simplest form :36 minutes to 3/2hrs question is in picture HELLLP ASAP FIRST PERSON WITH CORRECT ANSWER WILL RECEIVE BRAINLIEST Lines l and m are perpendicular. A point Q has thisproperty: rotating Q 180 degrees using center P has thesame effect as reflecting Q over line m.a. Give two possible locations of Q.b. Do all points in the plane have this property? Question 4 of 10What are the end behaviors of f(x) = -2(x -17)4?A. The left end goes down; the right end goes up.B. The left end goes up; the right end goes down,C. Both ends go downD. Both ends go up.SUBMI When you shine a beam of light, which is composed of just two different colors, red and green, onto a diffraction grating which color gets diffracted more six risky situations to which our youth is frequently exposed to This year, a small business had a total revenue of $42,900 . If this is 35% less than their total revenue the previous year, what was their total revenue the previous year? ac circular runway has a radius of 100 m.Find the distance covered by a person in one complete rotation . How was the middle class different during the Industrial Revolution from what it was during the middle ages, and how did the differences affect the society as a whole? Construct a function with a rate of change of 1/3 and an initial value of -3. (put your equation in slope-intercept form y = mx +b) As a roller coaster car crosses the top of a 40-m-diameter loop-the-loop, its apparent weight (the normal force) is the same magnitude as the car's weight. What is the car's speed at the top? The new Hazard Communication Standards provide teachers and students the right to __________ chemical hazards. I connected to an external hard drive to transfer some photos from my vacation. When I try to drag the photo, it bounces right back and does not transfer. What is the likely cause of this issue? a. hard drive is full b. photos were taken in a different country c. USB port is broken d. the file structure of the 2 hard drives are not compatible