The following selected accounts from the Ayayai Corp.’s general ledger are presented below for the year ended December 31, 2017: Advertising expense $40,700 Interest revenue $22,200
Common stock 185,000 Inventory 49,580
Cost of goods sold 802,900 Rent revenue 17,760
Depreciation expense 92,500 Retained earnings 395,900
Dividends 111,000 Salaries and wages expense 499,500
Freight-out 18,500 Sales discounts 6,290
Income tax expense 51,800 Sales returns and allowances 30,340
Insurance expense 11,100 Sales revenue 1,776,000
Interest expense 51,800

Required:
Prepare a multiple-step income statement.

Unrecorded depreciation on the trucks at the end of the year is $40,000. the total amount of accrued interest expense at year-end is $6,000. the cost of unused office supplies still available at year-end is $2,000. 1. use the above information about the company’s adjustments to complete a 10-column work sheet. 2a. prepare the year-end closing entries for dylan delivery company as of december 31, 2017. 2b. determine the capital amount to be reported on the december 31, 2017 balance sheet.

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.

You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer