value:
35.00 points
Problem 18-8 Completing a Ten-Column Work Sheet
The Trial Balance for River's Edge Canoe & Kayak, as of August 31, is listed below.
1. Prepare a ten-column work sheet for River's Edge Canoe & Kayak for the year ended August 31. The
totals will be automatically calculated.
(a) The cost of the ending merchandise inventory is $45,669.
(b) The cost of the supplies on hand on August 31 is $619.
(c) The one-year insurance premium of $1,680 was paid on April 1.
(d) The total federal income taxes owed for the year are $2,635.
River's Edge Canoe & Kay
Work Sheet
For the Year Ended August 3

Answers

Answer 1

It is to be noted that the following question below is about a Trial Balance. This is a type of reconciliation book in Financial Accounting.

What is a Trial Balance?

Please, note that the original worksheet is not attached, hence the general answer.

This, in financial accounting, refers to the statements or records of all credits and debits in a double-entry accounting book which includes all errors or disagreements between figures and accounts.

Usually, all debit and credit columns sums must and should be equal to show that the account has been balanced.

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Related Questions

Select all that apply Borrowing money is required whenever ______. Multiple select question. the cash excess equals the minimum required cash balance there is a cash deficiency the cash excess is greater than the minimum required cash balance the cash excess is less than the minimum required cash balance

Answers

Answer:

Borrowing money is required whenever there is a cash deficiency and the cash excess is less than the minimum required cash balance.

Explanation:

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____________ is not an example of unethical customer-contact behavior. A. Creating a need for service B. Performing unnecessary services C. Sharing customer information with third parties D. Giving away a guaranteed reservation

Answers

Answer:

d

Explanation:

What time do tax refunds get deposited into bank account 2022.

Answers

Answer:

10 days

Explanation: hope this helps I thank this is it

There are five steps involved in segmenting and targeting a market. What should a marketer do once she has developed a market-product grid and estimated the size of markets?.

Answers

The marketer should select target markets once she has developed a market-product grid and estimated the size of markets.

What is a target market?

A target market being a group of customers that a business decides to aim its marketing efforts and ultimately products on. They are potential customers that one wish to sell products or services to.

Target market are the group of people in which the products are made for. The products are specifically tailored to certain set of people.

Hence, the marketer should select target markets once she has developed a market-product grid and estimated the size of markets.

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Tshawna likes to buy Ralph Lauren clothes because the advertisements show healthy, athletic people having fun and looking very stylish. Tshawna regularly buys Ralph Lauren apparel even though it is pricy because of the _______.

Answers

Tshawna regularly buys Ralph Lauren apparel even though it is pricy because of  the: manufacturer's reputation.

What is manufacturer's reputation?

A manufacturer's reputation signify that the manufacture or product are expert in producing quality and great product and they product unique product that tend to attract customers.

Based on the given scenario despite the  Ralph Lauren apparel is costly Tshawna prefer their product because of their unique characteristic and good reputation the company portray.

Inconclusion Tshawna regularly buys Ralph Lauren apparel even though it is pricy because of  the: manufacturer's reputation.

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A recent study on enrollment at a liberal arts college concluded that demand elasticity is 0.91. The administration is considering a tuition increase to help balance the budget. The revenue-maximizing decision is to:___.
a. decrease tuition, which should boost enrollment enough to balance the budget.
b. decrease tuition, which would bring in more revenue.
c. leave tuition as is an increase would not help balance the budget.
d. increase tuition, which would generate more revenue.

Answers

Based on the fact that the demand elasticity is 0.91, the revenue-maximizing decision would be to d. increase tuition, which would generate more revenue.

Why is this the revenue-maximizing decision?

When the demand elasticity is below 1 as is the case here, it means that demand is inelastic.

When demand is inelastic, an increase in price will lead to a lower decrease in demand. This means that increasing prices for enrollment in this college will bring in revenue because there won't be much change in demand.

In conclusion, option D is correct.

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Identify two of Tumi Manufacturers complies with the

Answers

Two of the laws that Tumi manufacturers comply with are

Labor lawsEnvironmental laws.

What is corporate social responsibility

This is the responsibility of an organization to the the area where they operate.

The manufacturers have to comply with the labor and the employment laws that have been set in the country that they operate.

Also one of their corporate responsibilities is to ensure safe practices that are safe and not harmful of our environment.

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The market return is 12% and the risk free rate is 4%. Smallish Inc. Has a market beta of 0. 9, a SMB beta of 0. 65, and a HML beta of. 52. The risk premium on HML and SMB are both 2%. If the single factor model generates a regression coefficient of 0. 8, using the Fama-French Three Factor Model, what is the different in returns between the Three-Factor model and the single factor model expected returns on Smallish Inc. Stock

Answers

The difference in returns between the Three-Factor model and the single factor model is mathematically given as

R= 13.54%

What is the difference in returns between the Three-Factor model and the single factor model expected returns on Smallish Inc. Stock?

Question Parameters:

The market return is 12% and the risk free rate is 4%. Smallish Inc. Has a market beta of 0. 9, '

a SMB beta of 0. 65, and a HML beta of. 52.

The risk premium on HML and SMB are both 2%.

a regression coefficient of 0. 8,

Generally, the equation for the Return  is mathematically given as

Return = Rf + beta x (Rm - Rf) + beta x SMB + beta x HML

R= 4% + 0.9 (12%-4%) + 0.65 (2%) + 0.52 (2%)

R= 13.54%

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Zach is looking for a homeowners insurance policy for his new house. AAA Insurance company has offered him a plan that insures his home annually for $0. 36 per $100 of value in the home. In order to make calculations easier, Thompson’s Insurance lists their annual homeowners insurance premium a bit differently, at $3. 63 per $1,000 of value in the home. Zach’s house is worth $289,000. What should Zach be thinking as he chooses between the two insurance companies? a. $3. 63 per $1,000 is approximately the same as $0. 36 per $100. The premiums for the two insurance companies will be the same. B. The annual premium for his house would be cheaper through AAA. C. The annual premium for his house would be cheaper through Thompson’s. D. Since the two insurance companies list their premiums differently, the two cannot be compared.

Answers

The annual premium for Zack's house would be cheaper through AAA than Thompson’s Insurance.

How to calculate the annual premium of two companies?

AAA company is offering $0.36 per $100 of value.

Thompson company is offering $3.63 per $1,000 of value;

[tex]\frac{3. 63 }{1000} \\=\frac{0.363}{100}[/tex]

Hence, 0.363 is higher than 0.36, which makes AAA company more beneficial for insurance.

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Which situation is an example of e-commerce?
A.
Sara enjoys shopping from the comfort of her home.
B.
Jeanne ensures that she closes a sale before she ends her sales call.
C.
Josh never misses an opportunity to grow his business network.
D.
Tim prefers to visit several stores before making a purchase.

Answers

Answer:

=> A is an example of e-commerce .

=> A.Sara enjoys shopping from the comfort of her home.

Explanation:

=> E-commerce is the process of selling and buying goods and product over internet .

The monopolist's level of output is not at the minimum point of ______, meaning it will not be productively efficient.

Answers

When a monopolist's level of output is not at the minimum point of average total cost, this means it will not be productively efficient.

What is an average total cost?

An average total cost refers to a cost derived from total fixed and variable costs divided by total units produced.

In conclusion, this cost is used to evaluate how the total per-unit cost change as a result of output

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list 3 features of the trial balance

Answers

Answer:

ur mom ur dad and........STEP BRO

Explanation:

It is a summary of debit and credit balances which are extracted from various ledger accounts.

It is a summary of debit and credit balances.

The motive behind the preparation of Trial balance is to establish arithmetical accuracy of the transactions recorded in the Books of Accounts.

The negative feeling that one should have made another purchase, consumption, or disposition decision than one actually did is referred to as _____.

Answers

Post-decision regret corresponds to the negative feeling that an individual should have made a different purchase decision than he actually did.

What causes post-decision regret?

In a purchase process, the consumer looks for products and services that satisfy their needs. After the purchase is made, regret may arise if the product or service does not satisfy those needs.

Therefore, post-purchase decision regret can be related to a negative perception of the benefits of the product and its quality, for example.

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You sent a reinstatement application to the regulatory agency 75 days ago. You have not received a reply. At this point you should

Answers

Now that 75 days have passed without a response to your reinstatement application to the regulatory agency, it would be prudent to take proactive measures to find out the status of your application.

Think about physically going to the regulatory agency's location. You will be able to speak with someone directly, inquire about the status of your application, and obtain any necessary updates or information by doing this.

To find out how your application for reinstatement is progressing, you can also call them. Ask for clarity regarding the status of your application while remaining courteous and professional.

It's usually a good idea to be proactive when dealing with official procedures like reinstatement applications, and both contacting and physically visiting are efficient ways to learn the information you require about the status of your application.

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Your complete Question was as follows:

You sent a reinstatement application to the regulatory agency 75 days ago.  You have not received a reply, at this point: To get information about the letter you sent them, a reinstatement application, or a reinstatement, you should personally visit them at their office or give them a call.

Suppose that Sam, the owner of a 2015 Chevrolet Camaro, contracts with Ace Automotive Repair, Inc. in Racine, Wisconsin for the sale and installation of a new engine. Per the terms of the contract, the engine will cost $5,000, while the labor charge for the engine installation will cost $1,000. Which of the following is true?
A. Under the substantial performance doctrine, Article 2 of the Uniform Commercial Code (UCC) applies to this contract.
B. Under the predominant purpose test, Article 2 of the Uniform Commercial Code (UCC) applies to this contract.
C. Article 2 of the Uniform Commercial Code (UCC) does not apply to this contract, since the contract involves services (i.e., it does not just involve the sale of the engine, a good). Instead, federal contract law applies to this transaction.
D. Article 2 of the Uniform Commercial Code (UCC) does not apply to this contract, since the contract involves services (i.e., it does not just involve the sale of the engine, a good). Instead, Wisconsin (i.e., state) contract law applies to this transaction.

Answers

The TRUE statement about the contract between Sam, the owner of a 2015 Chevrolet Camaro, and Ace Automotive Repair, Inc. for the sale and installation of a new engine, is B. Under the predominant purpose test, Article 2 of the Uniform Commercial Code (UCC) applies to this contract.

What is the predominant purpose test?

Under the predominant purpose test, the court assesses if the predominant purpose of the transaction is to sell the goods (engine) or to provide the service (installation).

Essentially, since the predominant purpose is to sell the engine, Article 2 of the Uniform Commercial Code applies.

The Uniform Commercial Code comprehensively covers all commercial transactions but not every aspect of commercial law. The subjects that are not covered are:

The sale of real propertyMortgagesInsurance contractsSuretyship transactions Bankruptcy.

Thus, the TRUE statement about the contract between Sam, the owner of a 2015 Chevrolet Camaro, and Ace Automotive Repair, Inc. for the sale and installation of a new engine, is Option B.

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What is an organisation chart​

Answers

Answer:

An organizational chart is a diagram that visually conveys a company's internal structure by detailing the roles, responsibilities, and relationships between individuals within an entity.

Explanation:

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You are interested in a career in drone operation and find the
Occupational Outlook Handbook. What Information would you find on this website?
Descriptions of the daily tasks of a drone operator
Information about current job openings in your area
Contact Information for places you can job shadow
Scholarship applications to cover the cost of college tuition

Answers

Answer:
Description of work, Work environments, Pay, Education needed, Qualification needed are the correct options.
Explanation:
Occupational Outlook Handbook provides information on various occupations that provide the majority of jobs in the US. It describes various occupational profiles, the pay, training, and qualification required for various jobs. Handbook makes comparing occupations much easier. It is published biennially by the US Department of Labor's Bureau and is free of charge. Since it is not protected by the copyright act, publishers can use it and modify it as per their needs. It was first published in 1948.

Fill in the blanks: direct deposit typically refers to your ______ sending your ______ electronically to your bank account.

Answers

Direct deposit typically refers to your employer sending your paycheck electronically to your bank account.

What is direct deposit?

Direct deposit can be defined as the way in which your employer directly deposit your salary into your bank account electronically.

Most companies or organization tend to make use of direct deposit system to pay their employee salary or paycheck instead of giving them cash or  using check .

Inconclusion Direct deposit typically refers to your employer sending your paycheck electronically to your bank account.

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Special interest groups and regulatory bodies are ____ forces that must be taken into account in international marketing.

Answers

It can be deduced that special interest groups and regulatory bodies are political and legal bogies.

What are special interest groups?

It should be noted that a special interest groups simply means a group of people that's have same aim and concerns in an attempt to influence the government.

In this case, the special interest groups and regulatory bodies are political and legal forces that must be taken into account in international marketing.

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Spice sells paprika for $9.00 per bottle. Variable cost is $2.43 per bottle and Spice's annual fixed costs are $825,000. The variable expense ratio for paprika is ______.

Answers

The variable expense ratio for paprika is 27%.

Variable expense ratio

Using this formula

Variable expense ratio=Variable cost/Selling price

Where:

Variable cost=$2.43

Selling price=$9

Let plug in the formula

Variable expense ratio=2.43/9×100

Variable expense ratio=27%

Inconclusion the variable expense ratio for paprika is 27%.

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Any point inside a production possibilities curve is.

Answers

Any point inside a production possibilities curve is an inefficient point of production.

What is the production possibilities curve?

The production possibilities curve is a curve that depicts the various combinations of two goods a country can produce when its resources are used to its optimum capacity.

Point outside the curve means that the production level is not attainable given the level of resources. Points inside the production possibilities curve means that the nations resources are not being fully utilised

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Waylon works for a company that produces temporary tattoos. His company wants to reach a young, highly engaged target market. His company currently has a profile on every major social media platform, but waylon has been instructed to invest more resources into one platform. Which platform should waylon focus on?.

Answers

The social media platform that Waylon should focus on more should be Insta-gram.

What are Social Media Platforms?

Social Media Platforms are websites and mobile applications software where information, ideas, thoughts are shared through virtual networks for different types of purposes such as to educate, inform, or for marketing purposes.

The target young people required for their engagement in Waylon's company is generation Z. Generation Z is mostly found and they spend most of their time on Insta-gram.

According to research, 65% of generation Z spent most of their time on this social media platform.

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Which of the following statements is correct?
a. Balance sheet accounts are permanent accounts and do not retain their balances from one period to the next.
b. Balance sheet accounts are temporary accounts and do retain their balances from one period to the next.
c. Income statement accounts are permanent accounts and do retain their balances from one period to the next.
d. Income statement accounts are temporary accounts and do not retain their balances from one period to the next.

Answers

D) Income statement accounts are temporary accounts and do not retain their balances from one period to the next.

what is the formula for activity ratio

Answers

Answer:

The ratio is calculated by dividing the net sales by the working capital. The ratio helps you figure out the net annual sales generated by the average amount of working capital during a year.

Explanation:

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Answer:

The ratio is calculated by dividing the net sales by the working capital. The ratio helps you figure out the net annual sales generated by the average amount of working capital during a year.

What impact does interest have on the cost of the purchases you make when using credit?
A. Interest can cause the overall cost of your purchases to increase.
B. Interest has no impact because most credit cards do not charge interest.
C. Interest can cause the overall cost of your purchase to decrease.
D. Interest has no impact because it is separate from the actual purchase prices.

Answers

The impact does interest have on the cost of the purchases you make when using credit are interest can cause the overall cost of your purchases to increase. Thus, option (a) is correct.

What is interest?

Someone borrows money during a hard time, they are paying additional amount, which is an interest. In monetary terms, interest is a yearly percentage of the loan amount. Different categories, including simple interest, compound interest, and annual interest, are used to categorize the loan.

The interest is low, consumer can easily borrow money. A consumer pay more interest on actual cost. The cost of money is low but add interest percentage is monthly increases. The bank will pay more interest on deposits saving.

Therefore, option (a) is correct.

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The debt-to-income (DTI) ratio of a borrower is used to compare _____ to the borrower’s gross monthly income. A. Monthly credit expenses (credit cards and loans) b. Monthly debt expenses from loans (home, personal, auto, student) c. Monthly housing expenses (rent or mortgage, homeowner’s insurance, property tax, utilities) d. Monthly living expenses (rent or mortgage, property tax, mortgage insurance, minimum credit card payments, and monthly loan payments).

Answers

Answer:

Answer is D. monthly living expenses (rent or mortgage, property tax, mortgage insurance, minimum credit card payments, and monthly loan payments)

Explanation:

I just took the quiz and got it right.

HAPPY EARLY ST. PATRICK'S DAY

Answer:

d

Explanation:

on edge

When talking about saving money, Anthony ONeal says, "Start paying yourself and

Answers

Answer:

“and get rich” I believe that’s the answer

Explanation:

Answer:

investing in your future

Explanation:

hope this helps!

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What is the term for the total quantity of a specific good produced?.

Answers

The answer is total product.

As the game says, most borrowers only pay attention to the monthly payment when taking out a loan. Why do you think this is?.

Answers

A lot of borrowers only pay attention to the monthly payment when taking out a loan because they budget monthly.

Why do borrowers only pay attention to the monthly payment?

A borrowers  is known to focus on monthly payments as against the total cost of one's loan.

A monthly budget is known to be one that accounts for the money that is said to goes in and out of one's  financial accounts in course of one month.

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If mary can bake a cake at a lower opportunity cost than sarah can, then:.

Answers

Answer:

She has a comparative advantage

Explanation:

She is able to produce cakes at a lower cost which means in comparison to Sarah, she is at an advantage and is able to produce more items at a less opportunity cost.

If Mary can bake a cake at a lower opportunity cost than Sarah can, it means that Mary can produce a cake with fewer resources and sacrifice fewer alternative goods or opportunities compared to Sarah.

What happens at this ower opportunity cost

In economic terms, the opportunity cost is the value of the next best alternative that must be given up to choose a particular option.

So, if Mary has a lower opportunity cost for baking a cake, it implies that she is more efficient in cake production, either by using fewer ingredients, less time, or less labor than Sarah.

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