Thao company worksheet for the year ended december 31, 2017 account no. account titles dr. 101 cash 5,300 112 accounts receivable 10,800 126 supplies 1,500 130 prepaid insurance 2,000 157 equipment 27,000 158 accumulated depreciation—equipment cr. 5,600 15,000 6,100 2,400 600 13,000 61,000 103,700 adjusted trial balance 200 notes payable 201 accounts payable 212 salaries and wages payable 230 interest payable 301 owner’s capital 306 owner’s drawings 400 service revenue 610 advertising expense 631 supplies expense 711 depreciation expense 722 insurance expense 726 salaries and wages expense 905 interest expense totals instructions (a) complete the worksheet by extending the balances to the financial statement columns. (b) prepare an income statement, owner’s equity statement, and a classified balance sheet. (note: $5,000 of the notes payable become due in 2018.) d. thao did not make any additional investments in the business during the year. (c) prepare the closing entries. use j14 for the journal page. (d) post the closing entries. use the three-column form of account. income summary is no. 350. (e) prepare a post-closing trial balance.

The cost of capital: introduction the cost of capital: introduction companies issue bonds, preferred stock, and common equity to aise capital to invest in capital budgeting projects. capital is』necessary factor of production and like any other factor, it has a cost. this cost is equal to the select the applicable security. the rates of return that investors require on bonds, preferred stocks, and common equity represent the costs of those securities to the firm. companies estimate the required returns on their securities, calculate a weighted average of the costs of their different types of capital, and use this average cost for capital budgeting purposes. required return on rate: when calculating om operations when the firm's primary financial objective is to select shareholder value. to do this, companies invest in projects that earnselect their cost of capital. so, the cost of capital is often referred to as the -select -select and accruals, which a se spontaneously we hted average cost of capital wa c our concern is with capital that must be provided by select- 쑤 interest-bearing debt preferred stock and common equity. capital budgeting projects are undertaken, are not included as part of total invested capital because they do not come directly from investors. which of the following would be included in the caculation of total invested capital? choose the response that is most correct a. notes payable b. taxes payable c retained earnings d. responses a and c would be included in the calculation of total invested capital. e. none of the above would be included in the cakulation of total invested capital.

Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.

Social computing forces companies to deal with customers as opposed to