The following trial balance of jb company at december 31, year five, has been adjusted except for income taxes. the income tax rate is 30%.dr craccounts receivable, net 725,000accounts payable 250,000accumulated depreciation 125,000cash 185,000contributed capital 650,000expenses 3,750,000goodwill 140,000prepaid taxes 225,000property, plant and equipment 850,000retained earnings, 1/1/yr. 5 350,000revenues 4,500,0005,875,000 5,875,000during year five, estimated tax payments of $225,000 were paid and debited to prepaid taxes. there were no differences between financial statement and taxable income for year five. included in accounts receivable is $400,000 due from a loyal customer. special terms were granted to this customer to make payments of $100,000 semi-annually every march 1 and september 1.in jb company's december 31, year five balance sheet, what amount should be reported as total retained earnings? a. 225,000b. 525,000c. 750,000d. some other amount.
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Business, 22.06.2019 08:20
Which change is illustrated by the shift taking place on this graph? a decrease in supply an increase in supply o an increase in demand o a decrease in demand
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Business, 22.06.2019 13:40
Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be:
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Business, 22.06.2019 21:20
In a market economy, supply and demand are important because theya. (i) play a critical role in the allocation of the economy's scarce resources.b. (ii) determine how much of each good gets produced.c. (iii) can be used to predict the impact on the economy of various events and policies.d. all of (i), (ii), and (iii) are correct.
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Business, 22.06.2019 22:10
Atoy store has a new game in stock, but customers aren't buying it. which of the following types of inventory increases when customers aren't buying this game? a. work-in-process b. raw materials c. finished goods d. in-transit
Answers: 3
The following trial balance of jb company at december 31, year five, has been adjusted except for in...
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