Component 2 Research

 Essay upon Module 2 Homework

п»їModule 2 HomeworkTotal Points: 40

Chapter several

1) Unearned revenues happen to be reported because liabilities around the balance sheet. В True or False

Solution: Unearned revenues are repayments provided to a company prior to the goods or services are provided. Unearned profits are financial obligations reported within the balance sheet. 2) Colby Firm has presented the following information: Operating revenues were $199, 700.

Working expenses had been $111, 500.

Interest price was $9, 200.

Gain from sale for plant and equipment was $3, 300.

Dividend repayments to Colby's stockholders were $7, 700.

Income tax expense was $36, 000.

How much was Colby's net income? В

A. В $39, 100

B. В $48, three hundred

C. В $52, 700

D. В $46, 800

3) During 2010, Sigma Company gained service earnings amounting to $700, 000, of which $630, 000 was collected in cash; the balance will be collected in January 2011. What amount if the 2010 cash flow statement report for service revenues? В A. В $630, 000

W. В $700, 000

C. В $70, 000

M. В $570, 500

4) Which of the pursuing journal entries is correct every time a company features incurred fascination expense nevertheless has not but paid the eye? В В В

A. В Option A

B. В Option B

C. В Option C

D. В Option D

5) Mama 06 Pizza Firm determined that dough, marinade, cheese and other ingredients priced at $8, seven hundred were accustomed to make pizzas during September. Which in the following transactions is fake with respect to the utilization of the ingredients? В A. В Cost of goods distributed was debited for $8, 700.

W. В Operating expenditures increased $8, 700.

C. В Operating cash flow decreased $8, 700.

G. В Supplies inventory was debited for $8, 700.

6) Which from the following accounts doesn't have a credit equilibrium? В A. В Gain available of area

B. В Investment income

C. В Unearned earnings

D. В Rent expense

7) Top Industry’s 2011 product sales revenue was $200, 1000 and 2010 sales income was $180, 000. Top's total possessions as of Dec 31, 2011 were $150, 000 and total possessions as of January 1, 2011 were $130, 000. What is Top's total asset turnover ratio? В A. В 1. 48

N. В 1. 33...


Related

Business Record: Tree Residence Child Care Dissertation

Business Report: Woods House Child Care This report was willing to advise Lynda Kelly in order to manage her businesses Tree House Child Care Centres. This kind of report clarifies defines…...

Business Focused Applications of Human-Computer Interaction Essay

Trident University Larry Padre Module 2 Case Assignment ITM 433: Human-Computer Interaction Dr . Brian Holbert Abstract From this paper, we are briefly checking out…...

Google’s Strategy in 2010 Research Paper

Case 12: Google's Strategy this season What is Google's business model? The answer is complicated because it makes up of lots of different factors. The very best…...

Ethical and Socially Reactive Business Article

Ethical and Socially Receptive Business Keya Tullos Shuttle bus 100 Teacher Marsha Porter 12/10/2014 As CEO of The Cheesecake…...

Han and Roman Dbq Research Conventional paper

The Han and Roman's thinking toward technology were very different. The Han's appreciated the technology that was offered to all of them, but some valued the technology before…...

Low Decider Turnout in the us Essay

Through American background, there has been a stable decline in voter turnout. Not only features this been " humiliating" for the usa, low voter turnout have been and…...

  • Kimberly Warren
  • 06.09.2019
  • In case

Just in Case Essay

Jessie English doze 26 Mar 2013 In case Meg Rosoff Young Adult Novel 246 Pages Prediction with Justification…...

Biological Cycles Essay

5 Biogeochemical Cycles Project Due: Wed, Dec 12th/Thurs, December 13th Utilizing your book, remarks, & other creditable options, you will develop a labeled diagram and synopsis of…...

management accounting system pertaining to fast food sector Essay

Name: Hafizah Binti Dun Matric No: 816542 Subject: BKBM5013 Management Accounting for Managers – Task 1 (26th Sept 2014) (1) The manager from the local take out outlet…...

finance daily news

IMPROVING THE X-RAY METHOD AT STATE HOSPITAL Sullivan University Procedures Strategy (MGT620X) Submitted to Submitted by simply Dr . Wendy Achilles Naresh. Kondepati Shri…...