Nona Curry started her own consulting firm, Curry Consulting Inc., on May 1, 2022. The following transactions occurred during the month of May. May 1 Stockholders invested $ 15,000 cash in the business in exchange for common stock. 2 Paid $ 600 for office rent for the month. 3 Purchased $ 500 of supplies on account. 5 Paid $ 150 to advertise for the month in the County News. 9 Performed services for customer for $ 1,400 cash. 12 Paid $ 200 cash dividend. 15 Performed $ 4,200 of services on account. 17 Paid $ 2,500 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $ 1,200 for services performed on account on May 15. 26 Borrowed $ 5,000 from the bank on a note payable. 29 Purchased office equipment for $ 2,000 paying $ 200 in cash and the balance on account. 30 Paid $ 180 for utilities. Prepare an income statement for the month of May 2022.

The silverside company is considering investing in two alternative projects: project 1 project 2 investment $500,000 $240,000 useful life (years) 8 7 estimated annual net cash inflows for useful life $120,000 $40,000 residual value $32,000 $10,000 depreciation method straightminusline straightminusline required rate of return 11% 8% what is the accounting rate of return for project 2? (round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, x.xx%.)

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period