Swagelok Enterprises is a manufacturer of miniature fittings and valves. Over a 5-year period, the costs associated with one product line were as follows: first cost of $25,000, and annual costs of $16,000. Annual revenue was $25,000 and the used equipment was salvaged for $4,000. What rate of return did the company make on this product? The rate of return that the company made on the product is
In: Economics
Review 10K 2017 Apple Inc. Did the footnotes include any disclosures related to: -Corrections of errors -Changes in accounting principle -Changes in reporting entity -Changes in estimates What has the company disclosed related to the adoption of the new revenue recognition standard (ASC 606)? What has the company disclosed related to the adoption of the leases standard (ASC 842)?
In: Accounting
In: Economics
|
Davis Kitchen Supply produces stoves for commercial kitchens. The costs to manufacture and market the stoves at the company's normal volume of 6,000 units per month are shown in the following table. |
| Unit manufacturing costs | |||||||
| Variable materials | $ | 52 | |||||
| Variable labor | 77 | ||||||
| Variable overhead | 27 | ||||||
| Fixed overhead | 62 | ||||||
| Total unit manufacturing costs | $ | 218 | |||||
| Unit marketing costs | |||||||
| Variable | 27 | ||||||
| Fixed | 72 | ||||||
| Total unit marketing costs | 99 | ||||||
| Total unit costs | $ | 317 | |||||
| Required: |
|
Unless otherwise stated, assume that no connection exists between the situation described in each question; each is independent. Unless otherwise stated, assume a regular selling price of $374 per unit. Ignore income taxes and other costs that are not mentioned in the table or in the question itself. |
| a. |
Market research estimates that volume could be increased to 7,000 units, which is well within production capacity limitations if the price were cut from $374 to $329 per unit. Assuming that the cost behavior patterns implied by the data in the table are correct. |
| a-1. |
What would be the impact on monthly sales, costs, and income? |
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| a-2. | Would you recommend taking this action? | ||||
|
| b. |
On March 1, the federal government offers Davis a contract to supply 1,000 units to military bases for a March 31 delivery. Because of an unusually large number of rush orders from its regular customers, Davis plans to produce 8,000 units during March, which will use all available capacity. If it accepts the government order, it would lose 1,000 units normally sold to regular customers to a competitor. The government contract would reimburse its "share of March manufacturing costs" plus pay a $48,000 fixed fee (profit). (No variable marketing costs would be incurred on the government's units.) Assuming that the government's "share of March manufacturing costs" will be the proportionate fixed manufacturing cost, what impact would accepting the government contract have on March income? |
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| c. |
Davis has an opportunity to enter a highly competitive foreign market. An attraction of the foreign market is that its demand is greatest when the domestic market's demand is quite low; thus, idle production facilities could be used without affecting domestic business. An order for 2,000 units is being sought at a below-normal price to enter this market. For this order, shipping costs will total $42 per unit; total (marketing) costs to obtain the contract will be $2,000. No other variable marketing costs would be required on this order, and it would not affect domestic business. What is the minimum unit price that Davis should consider for this order of 2,000 units? |
| d. |
An inventory of 460 units of an obsolete model of the stove remains in the stockroom. These must be sold through regular channels (thus incurring variable marketing costs) at reduced prices or the inventory will soon be valueless. What is the minimum acceptable selling price for these units? |
| e-1 |
A proposal is received from an outside contractor who will make and ship 2,000 stoves per month directly to Davis’s customers as orders are received from Davis’s sales force. Davis’s fixed marketing costs would be unaffected, but its variable marketing costs would be cut by 20 percent for these 2,000 units produced by the contractor. Davis’s plant would operate at two-thirds of its normal level, and total fixed manufacturing costs would be cut by 25 percent. What in-house unit cost should be used to compare with the quotation received from the supplier? (Round your answer to 2 decimal places.) |
| e-2. |
Should the proposal be accepted for a price (that is, payment to the outside contractor) of $217 per unit? |
||||
|
| f-1. |
A proposal is received from an outside contractor who will make and ship 2,000 stoves per month directly to Davis’s customers as orders are received from Davis’s sales force. Davis’s fixed marketing costs would be unaffected, but its variable marketing costs would be cut by 20 percent for these 2,000 units produced by the contractor. The idle facilities would be used to produce 1,600 modified stoves per month for use in extreme climates. These modified stoves could be sold for $452 each, while the costs of production would be $277 per unit variable manufacturing expense. Variable marketing costs would be $52 per unit. Fixed marketing and manufacturing costs would be unchanged whether the original 6,000 regular stoves were manufactured or the mix of 4,000 regular stoves plus 1,600 modified stoves were produced. What in-house unit cost should be used to compare with the quotation received from the outside contractor? (Round your answer to 2 decimal places.) |
| f-2. |
Should the proposal be accepted for a price of $217 per unit to the outside contractor? |
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|
In: Accounting
Gobblers, a small midwestern clothier, is considering
fabricating a new line of men's pants. It needs some help
understanding its current male customer base in order to better
assess what sizes of pants to offer. The firm presently has
demographic data on all 5,000 of its male customers. It has found
that the average weight of all its male customers is 195 lbs with a
standard deviation of 20 pounds. In addition, the average weight
has been found to be normally distributed. Listed below you will
find weight information on just 20 randomly sampled customers.
Customer Weight 1 200 lbs 2 225 3 180 4 197 5 186 6 239 7 167 8 143
9 242 10 194 11 201 12 185 13 184 14 178 15 181 16 210 17 203 18
194 19 212 20 207
5.) Based upon the population data, what percentage of customers
would be expected to weigh above 230 pounds? 6.)Basd upon the
population data what is the weight value that you would expect 25
percent of the customers to exceed? 7.) Based upon the population
data what is the weight level that you would expect 90% of the
customers to exceed? 8.)based upon the population data what
percentage of customers would be expected to weigh between 170 and
230 lbs?
In: Statistics and Probability
I will be creating a simulation of the reception of a bank in C++ (based off the requirements listed below). I plan to develop a test plan that I will use to make sure the key requirements are all covered by a test case.
*I just need help defining how each of the requirements below can be tested. I can use a numbering system to map each requirement to the appropriate test case(s). High level information would be appreciated. I can elaborate on the details. I just need assistance identifying how I can test the requirements below.
Requirements for my simulation are as follows:
In: Computer Science
QUESTION 1
Your organization has started experiencing low sales amid the
Covid-19 pandemic. The management has decided to carry out an
Action Research to beef up the sales and enhance the overall
performance of the organization. As a Research Officer of the
organization, outline and briefly discuss most suitable elements of
an Action Research proposal for management consideration.
QUESTION 2
Case Study
The case below relates to an MBA Accounting & Finance student,
Eli, at UPSA, who was interested in the applicability of
organizational citizenship behaviour theory to Ghanaian workers.
The title of the research is: The applicability of organizational
citizenship behaviour theory to a Ghanaian organisation.
Background
The early definition of organisational citizenship behaviour (OCB)
viewed this as discretionary behaviours by employees that were not
recognised through the reward system (Organ 1988; Organ et al.
2006). Partly because such behaviours could subsequently be
recognised through reward, OCB was redefined as ‘performance that
supports the social and psychological environment’ within which
work occurs (Organ 1997: 95). It has been adopted by researchers
such as Bolino et al. (2002) to indicate situations where employees
work beyond contractual requirements to support one another, to
subordinate individual interests to organizational ones and to
demonstrate organisational commitment. In this way OCBs may
contribute to organisational performance and potentially offer a
source of competitive advantage. Podsakoff et al. (2009) report
finding over 650 published articles on OCB, mainly examining the
categories of behaviour that make up OCB (its dimensions), what
causes employees to engage in these behaviours (the determinants or
antecedents of OCB) and how OCB is related to these other
variables. An early, influential study to identify its dimensions
used interviews with managers in a manufacturing company to
‘identify instances of helpful, but not absolutely required job
behaviour’ to help to define OCB (Smith et al. 1983). This and
other early studies led to the identification of five categories of
OCBs (Organ 1988). These were labelled as altruism (helping a
co-worker with a workplace task); civic virtue (participating in
the organisation); conscientiousness (working beyond the minimum
requirements for the job); courtesy (considering how one’s own
behaviour might affect others and acting to facilitate harmony);
and sportsmanship (not complaining even in less than ideal
situations) (e.g. Organ 1988). Further research led to new
dimensions of OCB being proposed (Organ et al. 2006), although
these five original categories have remained the most commonly
tested.
However, continuing to use some of these dimensions of OCB and the
measurement scales associated with them (Organ 1988; Podsakoff et
al. 1990) has been questioned for two important reasons. Firstly,
the nature of work has changed since the 1980s and 1990s.
Manufacturing and manual work is now less important in many
economies while knowledge work is much more important. Based on
research, Dekas et al. (2013) developed an OCB scale for knowledge
workers that reflects the nature of knowledge-based work, such as
working flexibly and taking personal initiative. This new scale
overlaps with some earlier OCB dimensions but replaces or
eliminates outdated items related to willingly obeying rules or
regimented working practices.
Secondly, questions have been asked about the transferability of
OCB scales to other cultures.
OCB studies may apply only to the cultural context within which
they are conducted (Choi, 2009). The applicability of OCB to other
cultural settings therefore requires further research. Hui et al.
(2004) examined the relationships between psychological contract
constructs and OCBs in Ghana.
They adopted the OCB scale developed by Podsakoff et al. (1990)
(see earlier) and, in part, found that that more research is
required to understand how culture affects the applicability of
OCB. Farh et al. (1997) examined the relationships between
organisational justice theory and OCBs in Ghana, using a Ghanaian
OCB scale they developed. They found that the relationships between
organisational justice and OCB were moderated by cultural
(attitudes about either modernity or tradition) and gender factors.
Some behaviour of Ghanaian employees may be due to socialization or
broader cultural norms and be more personally focused than
organizationally related (Farh et al. 1997; Hui et al. 2004). This
raises questions about the applicability of OCB in Ghana and
whether organisational justice and psychology contract constructs
may be determinants or antecedents of OCB. In addition, Hui et al.
(2004) point out that organisational type may affect OCB; for
example, they cite research saying that Ghanaian employees may
prefer working for a foreign-owned company rather than a
state-owned enterprise.
Research question and research objectives
The research question is:
To what extent are organisational citizenship behaviour,
organisational justice and psychological contract theories
applicable to Ghanaian organisations and why?
The research objectives are:
1) To identify suitable measurement scales for each theory, to use
in the case study of Ghanaian organisation.
2) To examine the relationship in the case study organisation
between findings from the organisational justice scale and findings
from the organisational citizenship behaviour scale.
3) To examine the relationship in the case study organisation
between findings from the psychological contract scale and findings
from the organisational citizenship behaviour scale.
4) To examine the relationship between findings in the case study
organisation from the organisational citizenship behaviour scale
and findings in other national contexts from organisational
citizenship behaviour research.
5) To draw conclusions from the relationships observed in
objectives 2, 3 and 4, to evaluate the applicability of these
concepts in a Ghanaian organisation.
Method
Research design
This research is designed to test the applicability of these
theories in a case study, Ghanaian organisation. The research will
use a survey strategy incorporating existing scales from
peer-reviewed, high-quality academic journals. The research will be
cross-sectional in nature.
Participants
The intended participants in this study work for [company name] in
Ghana. Its management have agreed to grant me access to a
representative sample of employees drawn from the different grades
and occupations and between males and females employed within the
organisation [email attached]. Eli is currently in correspondence
with the manager of the human resource department to finalise a
stratified random sample to represent the characteristics of the
organisation’s workforce. It is envisaged that the sample size will
be 200 employees.
Techniques
The scales for organisational citizenship behaviour, organisational
justice and the psychological contract will be incorporated into a
questionnaire that will also collect data about respondents’
demographic characteristics. This questionnaire will be
administered in Ghana. It will be checked for accuracy of
translation and pilot tested by some of my fellow students.
Amendments will be made where necessary. It will then be
administered in paper form. The data will be analysed
quantitatively using IBM SPSS Statistics. A range of statistical
techniques will be used to analyse these data and the results from
these will be used to identify relationships between the concepts
identified in the research objectives and to allow comparison with
previously published research.
Ethical considerations and procedures
Eli will compose a letter to be sent to members of the sample that
informs them about who I am and the purpose of my research project,
and to assure them that their responses to each of the
questionnaire items will be seen and used only by Eli. Respondents
will not be asked for their name on the questionnaire. The
questionnaire will ask for only limited personal data about each
participant [for example, whether they are male or female as
previous research has found this to be a significant factor in the
applicability of organisational justice and organizational
citizenship behaviours in a Ghanaian context (Farh et al.
1997)].
Completed questionnaires will be posted into a sealed container
that will be returned to Eli to ensure respondent confidentiality
and the anonymity of the data that they provide. These
questionnaires will be given an anonymous code and the data they
contain entered into a spreadsheet by Eli. Once I have input the
data and it has been checked carefully to ensure accuracy the
questionnaires will be shredded by Eli. Ensuring confidentiality
and anonymity should mean that no harm should result from
participating in this research. Part of my covering letter will
state that participation is entirely voluntary and if an intended
participant does not wish to take part, they are not under any
obligation to do so. Another matching employee will be sent a copy
of my letter and asked if they would like to receive a copy of my
questionnaire. If he or she is willing to complete the
questionnaire, he or she will be informed to post it personally
into the sealed container.
Resources
I will be responsible for producing and copying the questionnaire.
I will pay for the cost of posting these to Ghana. I also have
access to IBM SPSS Statistics and am competent in the analytical
techniques required to analyse the data and interpret this
analysis. The company has kindly agreed to pay the costs of
returning the completed questionnaires to Eli. Once I have received
these questionnaires I will be responsible for inputting the data
into the software to analyse it. There should not be any other
resource requirements in order to be able to undertake this
research project.
Required:
a) Using the information in the ‘Background’ section of the
proposal, what concerns may be raised about the proposed ‘Research
design’, ‘Title’, ‘Research question and research
objectives’?
b) What further information would be helpful to know in the
‘Participants’ section?
c) Based on the concerns raised in questions 1 and 2, suggest
appropriate ‘Title’, ‘Research question and research objectives’
and the ‘Research design’?
In: Finance
Big Country Ski Shop is a retail store that sells ski equipment and clothing. Big Country Ski Shop commenced business on September 1, 2019. The firm purchases merchandise on open account. The firm’s purchases, purchase returns and allowances, and cash payments on account during September 2019 follow:
| DATE | TRANSACTIONS | |
| 2019 | ||
| Sept. | 2 |
Purchased ski boots for $5,000 plus a freight charge of $150 from Colorado Ski Shop, Invoice 6672, terms n/30. |
| 3 |
Purchased skis for $10,600 from Alaska Supply Company, Invoice 5916; terms 3/10, n/30. |
|
| 7 |
Received Credit Memorandum 165 for $840 from Colorado Ski Shop for return of damaged ski boots; the boots were originally purchased September 2 on Invoice 6672. |
|
| 11 |
Purchased ski jackets for $3,400 from Cold Mountain Clothing Company, Invoice 4091, terms n/30. |
|
| 12 |
Issued Check 104 to Alaska Supply Company in payment of Invoice 5916, dated September 3, less the cash discount. |
|
| 22 |
Purchased ski poles for $3,160 plus a freight charge of $200 from Alaska Supply Company, Invoice 5950, terms 3/10, n/30. |
|
| 23 |
Purchased ski pants for $1,650 from Swenson Ski Goods, Invoice 528, terms n/30. |
|
| 25 |
Received Credit Memorandum 245 for $240 from Swenson Ski Goods for return of defective ski pants; the pants were originally purchased September 23 on Invoice 528. |
|
| 27 |
Purchased ski sweaters for $4,200 plus a freight charge of $180 from Colorado Ski Shop, Invoice 6722, terms n/30. |
|
| 30 |
Issued Check 110 to Colorado Ski Shop in payment of Invoice 6672, dated September 2, less the return of September 7. |
|
Required:
Record the transactions in a general journal.
Analyze:
What was the amount of the cash discount on September 12?
In: Accounting
Many companies have programs in place aimed at increasing their social responsibility. For this discussion, select a company. I recommend selecting larger companies, and be sure to select the corporate company (not a brand). As an example, Tide is produced by Procter & Gamble, so Procter & Gamble is the company. Please do not select P&G - that was meant only as an example.
In: Operations Management
On October 1, 2018, Jay Pryor established an interior decorating business, Pioneer Designs. During the month, Jay completed the following transactions related to the business:
| Oct. | 1 | Jay transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $32,800. |
| 4 | Paid rent for period of October 4 to end of month, $3,180. | |
| 10 | Purchased a used truck for $27,000, paying $3,000 cash and giving a note payable for the remainder. | |
| 13 | Purchased equipment on account, $12,790. | |
| 14 | Purchased supplies for cash, $2,200. | |
| 15 | Paid annual premiums on property and casualty insurance, $4,920. | |
| 15 | Received cash for job completed, $13,780. |
Enter the following transactions on Page 2 of the two-column journal:
| 21 | Paid creditor a portion of the amount owed for equipment purchased on October 13, $4,560. | |
| 24 | Recorded jobs completed on account and sent invoices to customers, $15,680. | |
| 26 | Received an invoice for truck expenses, to be paid in November, $1,440. | |
| 27 | Paid utilities expense, $1,640. | |
| 27 | Paid miscellaneous expenses, $590. | |
| 29 | Received cash from customers on account, $6,560. | |
| 30 | Paid wages of employees, $4,360. | |
| 31 | Paid dividends, $3,640. |
Required:
1. Journalize and insert the posting references
for each transaction in a two-column journal beginning on Page 1,
referring to the following chart of accounts in selecting the
accounts to be debited and credited. For a compound transaction, if
an amount box does not require an entry, leave it blank.
| 11 | Cash | 31 | Common Stock |
| 12 | Accounts Receivable | 33 | Dividends |
| 13 | Supplies | 41 | Fees Earned |
| 14 | Prepaid Insurance | 51 | Wages Expense |
| 16 | Equipment | 53 | Rent Expense |
| 18 | Truck | 54 | Utilities Expense |
| 21 | Notes Payable | 55 | Truck Expense |
| 22 | Accounts Payable | 59 | Miscellaneous Expense |
| General Journal | Page 1 | |||
|---|---|---|---|---|
| Date | Description | Post. Ref. | Debit | Credit |
| 2018 | ||||
| Oct. 1 | ||||
| Oct. 4 | ||||
| Oct. 10 | ||||
| Oct. 13 | ||||
| Oct. 14 | ||||
| Oct. 15 | ||||
| Oct. 15 | ||||
| General Journal | Page 2 | |||
|---|---|---|---|---|
| Date | Description | Post. Ref. | Debit | Credit |
| 2018 | ||||
| Oct. 21 | ||||
| Oct. 24 | ||||
| Oct. 26 | ||||
| Oct. 27 | ||||
| Oct. 27 | ||||
| Oct. 29 | ||||
| Oct. 30 | ||||
| Oct. 31 | ||||
2. Post (in chronological order) the journal to a ledger of four-column accounts, inserting appropriate posting references in the general journal as each item is posted. Extend the balances to the appropriate balance columns after each transaction is posted. If an amount box does not require an entry, leave it blank.
| General Ledger | ||||||
|---|---|---|---|---|---|---|
| Account | Cash | ACCOUNT NO. | 11 | |||
| Balance | ||||||
| Date | Item | Post. Ref. | Debit | Credit | Debit | Credit |
| 2018 | ||||||
| Oct. 1 | 1 | |||||
| Oct. 4 | 1 | |||||
| Oct. 10 | 1 | |||||
| Oct. 14 | 1 | |||||
| Oct. 15 | 1 | |||||
| Oct. 15 | 1 | |||||
| Oct. 21 | 2 | |||||
| Oct. 27 | 2 | |||||
| Oct. 27 | 2 | |||||
| Oct. 29 | 2 | |||||
| Oct. 30 | 2 | |||||
| Oct. 31 | 2 | |||||
| Account | Accounts Receivable | ACCOUNT NO. | 12 | |||
|---|---|---|---|---|---|---|
| Balance | ||||||
| Date | Item | Post. Ref. | Debit | Credit | Debit | Credit |
| 2018 | ||||||
| Oct. 24 | 2 | |||||
| Oct. 29 | 2 | |||||
| Account | Supplies | ACCOUNT NO. | 13 | |||
|---|---|---|---|---|---|---|
| Balance | ||||||
| Date | Item | Post. Ref. | Debit | Credit | Debit | Credit |
| 2018 | ||||||
| Oct. 14 | 1 | |||||
| Account | Prepaid Insurance | ACCOUNT NO. | 14 | |||
|---|---|---|---|---|---|---|
| Balance | ||||||
| Date | Item | Post. Ref. | Debit | Credit | Debit | Credit |
| 2018 | ||||||
| Oct. 15 | 1 | |||||
| Account | Equipment | ACCOUNT NO. | 16 | |||
|---|---|---|---|---|---|---|
| Balance | ||||||
| Date | Item | Post. Ref. | Debit | Credit | Debit | Credit |
| 2018 | ||||||
| Oct. 13 | 1 | |||||
| Account | Truck | ACCOUNT NO. | 18 | |||
|---|---|---|---|---|---|---|
| Balance | ||||||
| Date | Item | Post. Ref. | Debit | Credit | Debit | Credit |
| 2018 | ||||||
| Oct. 10 | 1 | |||||
| Account | Notes Payable | ACCOUNT NO. | 21 | |||
|---|---|---|---|---|---|---|
| Balance | ||||||
| Date | Item | Post. Ref. | Debit | Credit | Debit | Credit |
| 2018 | ||||||
| Oct. 10 | 1 | |||||
| Account | Accounts Payable | ACCOUNT NO. | 22 | |||
|---|---|---|---|---|---|---|
| Balance | ||||||
| Date | Item | Post. Ref. | Debit | Credit | Debit | Credit |
| 2018 | ||||||
| Oct. 13 | 1 | |||||
| Oct. 21 | 2 | |||||
| Oct. 26 | 2 | |||||
| Account | Common Stock | ACCOUNT NO. | 31 | |||
|---|---|---|---|---|---|---|
| Balance | ||||||
| Date | Item | Post. Ref. | Debit | Credit | Debit | Credit |
| 2018 | ||||||
| Oct. 1 | 1 | |||||
| Account | Dividends | ACCOUNT NO. | 33 | |||
|---|---|---|---|---|---|---|
| Balance | ||||||
| Date | Item | Post. Ref. | Debit | Credit | Debit | Credit |
| 2018 | ||||||
| Oct. 31 | 2 | |||||
| Account | Fees Earned | ACCOUNT NO. | 41 | |||
|---|---|---|---|---|---|---|
| Balance | ||||||
| Date | Item | Post. Ref. | Debit | Credit | Debit | Credit |
| 2018 | ||||||
| Oct. 15 | 1 | |||||
| Oct. 24 | 2 | |||||
| Account | Wages Expense | ACCOUNT NO. | 51 | |||
|---|---|---|---|---|---|---|
| Balance | ||||||
| Date | Item | Post. Ref. | Debit | Credit | Debit | Credit |
| 2018 | ||||||
| Oct. 30 | 2 | |||||
| Account | Rent Expense | ACCOUNT NO. | 53 | |||
|---|---|---|---|---|---|---|
| Balance | ||||||
| Date | Item | Post. Ref. | Debit | Credit | Debit | Credit |
| 2018 | ||||||
| Oct. 4 | 1 | |||||
| Account | Utilities Expense | ACCOUNT NO. | 54 | |||
|---|---|---|---|---|---|---|
| Balance | ||||||
| Date | Item | Post. Ref. | Debit | Credit | Debit | Credit |
| 2018 | ||||||
| Oct. 27 | 2 | |||||
| Account | Truck Expense | ACCOUNT NO. | 55 | |||
|---|---|---|---|---|---|---|
| Balance | ||||||
| Date | Item | Post. Ref. | Debit | Credit | Debit | Credit |
| 2018 | ||||||
| Oct. 26 | 2 | |||||
| Account | Miscellaneous Expense | ACCOUNT NO. | 59 | |||
|---|---|---|---|---|---|---|
| Balance | ||||||
| Date | Item | Post. Ref. | Debit | Credit | Debit | Credit |
| 2018 | ||||||
| Oct. 27 | 2 | |||||
3. Prepare an unadjusted trial balance for Intrex Designs as of October 31, 2018. List all accounts in the order of Assets, Liabilities, Stockholders’ equity, Revenues, and Expenses.For those boxes in which no entry is required, leave the box blank. The first two account titles are filled in as an example.
| Pioneer Designs Unadjusted Trial Balance October 31, 2018 |
||
|---|---|---|
| Debit Balances | Credit Balances | |
| Cash | ||
| Accounts Receivable | ||
| Totals | ||
4. Determine the excess of revenues over
expenses for October.
$
5. Why the amount determined in above might not be the net income for October?
Because the dividends are declared but not paid
Because the cash balance is incorrect.
Because the closing inventory balance is missing
Because necessary adjustment to expenses, like depreciation has not been made.
In: Accounting