Business, 17.09.2019 23:00 dirgoperadiego2122

Problem 4-3a the moto hotel opened for business on may 1, 2017. here is its trial balance before adjustment on may 31. moto hotel trial balance may 31, 2017 debit credit cash $ 2,613 supplies 2,600 prepaid insurance 1,800 land 15,113 buildings 70,000 equipment 16,800 accounts payable $ 4,813 unearned rent revenue 3,300 mortgage payable 36,000 common stock 60,113 rent revenue 9,000 salaries and wages expense 3,000 utilities expense 800 advertising expense 500 $113,226 $113,226 other data: 1. insurance expires at the rate of $360 per month. 2. a count of supplies shows $1,180 of unused supplies on may 31. 3. (a) annual depreciation is $2,760 on the building. (b) annual depreciation is $2,160 on equipment. 4. the mortgage interest rate is 5%. (the mortgage was taken out on may 1.) 5. unearned rent of $2,670 has been earned. 6. salaries of $710 are accrued and unpaid at may 31.

Answers: 3

Show answers

Another question on Business

Business, 23.06.2019 00:00

Which of the following is not a factor to consider when deciding whether to accept a special order? whether this order will hurt the brand name of the company whether other potential orders would be more profitable whether additional fixed costs would need to be incurred whether the offered price is sufficient to cover prime costs and fixed overhead allocated all of the above

Answers: 2

Answer

Business, 23.06.2019 00:30

One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.

Answers: 1

Answer

Business, 23.06.2019 02:10

You are the owner of a local honda dealership. unlike other dealerships in the area, you take pride in your “no haggle” sales policy. last year, your dealership earned record profits of $1.5 million. however, according to the local chamber of commerce, your earnings were 10 percent less than either of your competitors. in your market, the price elasticity of demand for midsized honda automobiles is 4.5. in each of the last five years, your dealership has sold more midsized automobiles than any other honda dealership in the nation. this entitled your dealership to an additional 30 percent off the manufacturer’s suggested retail price (msrp) in each year. taking this into account, your marginal cost of a midsized automobile is $11,000. what price should you charge for a midsized automobile if you expect to maintain your record sales?

Answers: 1

Answer

Business, 23.06.2019 03:00

To assess the risk and return involved in a purchase decision, which practical questions should a potential buyer ask? select three options. what can go wrong? what are the alternatives? how will it affect my status in society? what is the likely return? is the risk worth the return?

Answers: 2

Answer

You know the right answer?

Problem 4-3a the moto hotel opened for business on may 1, 2017. here is its trial balance before adj...

Questions