Let’s assume that you run a manufacturing business in which you have personally invested $180,000. Your business owns a building worth $150,000. The office furniture and computers that you own amount to $70,000 and $30,000, respectively. You currently have an inventory worth $50,000 in the warehouse. While you have cash-in-hand of $18,000, your customers owe you $12,000 for the goods you have sold them on credit. You still have to pay off a bank loan worth $100,000, which you acquired a few months back by mortgaging your property. Finally, you owe $30,000 to your vendors because you bought raw materials on credit. During the latest accounting period, your business made a net profit of $20,000. Using the data given above, prepare your business’s balance sheet.

Which ranks these careers that employers are most likely to hire from the least to the greatest?

True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.

Speedy auto repairs uses a job-order costing system. the company’s direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics’ hourly wages. speedy’s overhead costs include various items, such as the shop manager’s salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 20,000 fixed overhead cost $ 350,000 variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate. 2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 590 direct labor cost $ 109 direct labor-hours used 6