Update the balance sheet above to reflect the transactions below, which occur on January 6, 2022 1. Sell product for $25,000 with historical cost of $20,000 2. Sell product for $20,000 with historical cost of $16,000 3. Sell product for $40,000 with historical cost of $32,000

Answers

Answer 1

The computation of the balance sheet based on the information given is that there will be an amount of retained earnings of $22917.

How to illustrate the balance sheet?

It should be noted that a balance sheet is the financial statement which shows the summary of the financial statement for a company.

It should be also noted that the balance sheet. contains the assets, liabilities, and the shareholders equity.

Beginning retained earnings = $22900

Add: net income = $17

Final amount of retained earnings = $22917

In this case, the computation of the balance sheet based on the information given is that there will be an amount of retained earnings of $22917.

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Related Questions

Media-sharing social networking sites include which of the following

Answers

The Media-sharing social networking sites include:

A. Rave...

B. You...

C. Snap...

D. Insta...

What are Media-sharing social networking?

Media-sharing social networking are the social networks that is used to exchange information or get information on the internet.

These media is been used by different type of people such as politicians to campaign and it is an avenue to network with different types of people around the world.

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COMPLETE QUESTION:

Media-sharing social networking sites include which of the following? Select all that apply.

A. Rav...

B. You...

C. Snap....

D. Insta....

Consider the following statement. For every integer m, 7m 4 is not divisible by 7. Construct a proof for the statement by selecting sentences from the following scrambled list and putting them in the correct order.

Answers

The constructed proof is given below.

Calculations and Parameters

Prove: f(M)= 7M +4 is not divisible by 7 for any integer M.

M=0 --> f(M) = 4 which is not divisible by 7.

M=1 --> f(M) = 11 which is not divisible by 7.

Suppose f(M) is not divisible by 7 for some positive integer M.

(this is the GIVEN induction hypothesis)

7(m+1)+4 = 7m+7+4 = 7m +4 + 7 = (7m+4)+7

dividing by 7, the quotient is [(7m+4)+7]/7

= (7m+4)/7 + 1

This is NOT divisible by 7 per induction hypothesis...

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For each watch Denmark produces, it gives up the opportunity to make 50 pounds of cheese. Germany can produce one watch for every 100 pounds of cheese it produces. Which of the following is true with regard to opportunity costs in the two countries

Answers

The true statement about the opportunity costs in the two countries is: B) the opportunity cost of producing cheese is higher in Denmark.

What is an opportunity cost?

An opportunity cost is also referred to as alternative forgone and it can be defined as the value, profit or benefits that are given up and forfeited by an individual or business firm, in order to choose or acquire something deemed most significant at the time.

In this context, we can infer and logically deduce that the true statement about the opportunity costs in the two countries is that the opportunity cost of producing cheese is higher in Denmark because it forfeits only 50 pounds of cheese.

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Complete Question:

For each watch Denmark produces, it gives up the opportunity to make 50 pounds of cheese. Germany can produce one watch for every 100 pounds of cheese it produces. Which of the following is true with regard to opportunity costs in the two countries?

A) The opportunity cost of producing watches is higher in Denmark.

B) The opportunity cost of producing cheese is higher in Denmark.

C) The opportunity cost of producing cheese is identical in both countries.

D) It is impossible to compare opportunity costs because the two countries use different currencies.

E) In both countries combined, the opportunity cost of one watch is 150 pounds of cheese.

Which of the following statements is not accurate regarding the disinfectant information provided in this module

Answers

Disinfectant are formulated to destroy the activities of microorganisms.

What is disinfectant?

Disinfectant refer to liquid or chemical solution which is formulated to kill microorganisms and disrupts their activities. There are several types of disinfectants and they are formulated to serve several purposes.

Note: The question is incomplete and the completed part cannot be found on any website, hence the question is still answerable.

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graduate quantum computing information video lectures

Answers

Quantum computing is a type of computing strategy based on advanced algorithms to make predictions at a high scale and unprecedented velocity.

What does Quantum computing mean?

Quantum computing can be defined as an emerging methodology in computing based on the principle of quantum mechanics.

The main principles of quantum mechanics used in quantum computing include superposition and principle of interference.

In conclusion, quantum computing is a type of computing strategy based on advanced algorithms to make predictions at a high scale and unprecedented velocity.

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When deciding how to correct an observed violation of our code of ethics, the violator's ______ should be taken into consideration.

Answers

When deciding how to correct an observed violation of our code of ethics, the violator's cultural norms should always be taken into consideration due to differences in ethnicity present in a population.

What is Cultural norm?

These are the expected behavior exhibited by individuals based on shared beliefs within a particular social group. Individuals come from different backgrounds which is why the way of doing things differs from one person to another.

This is because of the incidence of immigration in which individuals are able to move and settle permanently in a new country of their choice.

The violator should be therefore be made to know that his/her cultural norm is quite different and must be adhered to thereby making it the most appropriate choice.

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By the end of the accounting period, employees have earned salaries of $500, but they will not be paid until the following pay period. Which of the following is the proper adjusting entry

Answers

For this financial accounting period, the proper adjusting entry should be: debit salaries expense for $500.

What is journal entry?

A journal entry can be defined as a process which involves keeping the records of business transactions such as sales, salaries, etc, that are made by a business organization.

Generally, the journal entry is used by both bookkeepers and accountants. Thus, it is very important that a journal comprises the following information;

DateReference number.Credit balance.Transaction description.Debit balance.

In this scenario, the proper adjusting entry of these employees should be debit salaries expense for $500 with respect to the financial accounting period.

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Complete Question:

By the end of the accounting period, employees have earned salaries of $500, but they will not be paid until the following pay period. Which of the following is the proper adjusting entry?

O Credit Salaries expense for $500.

O Debit Salaries payable for $500.

O Credit Unearned revenues for $500.

O Debit Salaries expense for $500.

the attorney will be paid a specified amount every month regardless of the workload for that month

Answers

Based on the fact that the  attorney will be paid a specified amount which is independent of the workload for the month, this is a Retainer.

What is a retainer?

A retainer refers to an amount that is paid to a professional such as an attorney in order to keep them available to a company or individual for their services whenever they are needed.

Attorneys are generally paid retainers by companies who do not have internal legal departments so that they can represent them. This amount is generally the same every month even when the attorney is not used.

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What factors significantly affect the overall bandwidth demands of a compressed video flow

Answers

The factors which significantly affect the overall bandwidth demand of a compressed video flow are:

Resolution,Frame rate, Activity level andInvestigative needs What is bandwidth?

This is known as a range of frequencies in a band that is used in transmitting a signal.

Video resolution determines the amount of detail in your video, or how realistic and clear the video appears. It's measured by the number of pixels.

Hence, video compression works by using a video encoding algorithm known as a codec to reduce the number of bits needed to represent a video.

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Which of the following is a good security practice for portable devices

Answers

A good security practice for portable devices is a. Don't store personal data on laptops.

What is good security practice?

A good security practice involves those practice that can be followed so that our data can be protected.

Storing of essential personal information on the portable devices can be dangerous because, if it get lost, the information on it can be gotten unauthorized, which is not good enough for the owner.

CHECK THE COMPLETE QUESTION BELOW:

Which of the following is a good security practice for portable devices:

a.Don't store personal data on laptops, smart phones

b.Login and screen-saver passwords, or token or biometric mechanisms, are disabled to make it easier to use the device quickly

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describe an unclassified balance sheet quizlet

Answers

An unclassified balance sheet is one that provide, the assets following the order of liquidity.

How can unclassified balance sheet be described?

unclassified balance sheet is a great tool that is been used for internal purposes , this can be a Managers and owners , a for the purpose of  gauging performance and business standings.

Therefore, An unclassified balance sheet is one that provide, the assets following the order of liquidity.

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Jackie Keller, a broker, is holding an open house on a luxury condominium. Which of the following questions from a customer would trigger the need to provide the Information About Brokerage Services notice

Answers

The questions from a customer that would trigger the need to provide the Information About Brokerage Services notice is "do your other condominium listings in this area have lower fees?"

What is brokerage Services notice?

Brokerage Services notice  provides consumer Protection Notice.

This consumer Protection Notice are statutorily required forms for consumer information to help ensure that consumers of Real Estate Services better understand how a broker or agent can represent them and where to find help if they need it.

Thus, the questions from a customer that would trigger the need to provide the Information About Brokerage Services notice is "do your other condominium listings in this area have lower fees?"

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in a new worksheet what is the correct formula to reference cell a1 from the alpha worksheet

Answers

In order to reference cell a1 from the alpha worksheet in a new worksheet, the correct formula is =ALPHA!A1.

How do you reference the alpha sheet?

In order to reference the alpha sheet, you use:

=ALPHA

To reference a particular cell from the alpha sheet such as a1 in this case, the formula would required an exclamation mark before the cell:

=ALPHA!A1

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One benefit of digital technology, such as desktop publishing, is that it restricted design work to trained designers thereby elevating the standards of graphic design.

Answers

This is false. This is not a benefit of digital technology.

What is digital technology?

This is the term that is used to refer to all of the hard wares and the soft ware components of the computer as well as the networks and internet. It also involves communication technology and information, that is used on the computer.

The benefits of digital technology has to do with the fact that devices are created to be more compact, efficient and are able to run in a much faster way. Modern digital technology has created a system where devices are portable as well as handy.

Hence we can say that It is false that a benefit of digital technology, such as desktop publishing, is the restriction of design work to trained designers thereby elevating the standards of graphic design.

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Which of the following is a recommended practice for sharps containers

Answers

Sharps containers not being emptied until they are completely full is regarded as the recommended practice for their storage under any type of condition.

What is a Container?

This refers to a type of enclosure which is used to store or preserve different types of items such as food, sharp etc. This helps to prevent the substances from having direct contact with the environment as this helps to prevent the spread or growth of pathogens present within the area or axis.

The container must be full before being emptied to prevent them from falling out which may lead to different types of injuries. Their adequate storage also ensures that they are disposed properly so as to prevent contamination of individuals by already infected ones in this type of scenario.

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In activity 3, silver nitrate is a reagent used to test for the presence of .

Answers

In activity 3, silver nitrate is a reagent used to test for the presence of Aldehyde

What is the use of silver nitrate test?

In chemistry, there is a reagent known as Tollens' reagent which is an alkaline solution of ammoniacal silver nitrate that is used to test for aldehydes.

Now, Silver ions in the presence of hydroxide ions come out of solution as a brown precipitate of silver(I) oxide, Ag₂O(s). This precipitate dissolves in aqueous ammonia, forming the diamine silver(I) ion,

Thus, in activity 3, silver nitrate is a reagent used to test for the presence of Aldehyde.

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the accompanying graph depicts demand at point d demand is

Answers

The accompanying graph depicts demand At point A, demand is: A)The accompanying graph depicts demand.

What did the graph depicts  at point A?

It depict the demands of goods at at that point.

The accompanying graph depicts demand At point A, demand is: A)The accompanying graph depicts demand.

CHECK THE COMPLETE QUESTION:

The accompanying graph depicts demand at point d demand:

A) unit elastic.

B) inelastic.

C) elastic.

D) perfectly elastic.

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In general, you want to enter the water with your BC:

Answers

In general, you want to enter the water with your buoyancy control device (BC): 2: partially inflated.

What is a BC?

A BC  is an acronym for buoyancy control device (BC) and it can be defined as an essentially inflatable jacket with air pockets, that is worn by a scuba diver.

In general, you want to enter the water with your buoyancy control device (BC) partially inflated, so as to rise in the water and have control over your buoyancy.

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Complete Question:

In general, you want to enter the water with your BC:

1: Deflated.

2: Partially inflated.

3: Fully inflated.

4: Both the first and third

Water buildup, ice damming, and a fascia damaged by moisture are common ______ issues.

Answers

Water buildup, ice damming, and a fascia damaged by moisture are common roof issues.

What are roof issues

This is a term that is used to refer to al of the possible reasons that may lead to problems on a roof. They are the damages that the roof would have based on certain phenomena that have occurred on it.

When there is too much water on a roof that does not go off, this is an issue. If it is an iron roof, this may lead to leaking because after sometime the roof would become rusty and it would start to break off. On other types of roofs, it may become moist for a very long time before the damage would start to set in.

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The rate constant in an elementary reaction's rate equation can be modeled by the Arrhenius equation: . a. The coefficient A is the frequency factor. What are the units of A for a first-order reaction

Answers

For a first-order reaction, the unit of frequency factor (A) is s⁻¹.

What is the Arrhenius equation?

The Arrhenius equation can be used to calculate the rate constant at a given temperature for a first-order reaction. Mathematically the Arrhenius equation is given by:

[tex]Log (\frac{k_2}{k_1} )=\frac{E_a}{2.303R} [\frac{1}{T_1} -\frac{1}{T_2}][/tex]

For a first-order reaction, the unit of frequency factor (A) is s⁻¹ because it has the same unit as the rate constant.

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The method of compensation relies on job tiers and grade ranges.

Answers

The method of compensation that relies on job tiers and grade ranges is:

Indirect Compensation (Promotion)

What is Indirect Compensation?

Indirect compensation refers to the additional benefits an employer offers the employee apart from increased financial benefits.

Promotion from a lower level to an upper level comes with an increase in job tiers and grade ranges. Monetary compensation also comes with it.

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Answer:

hay

Explanation:

whihc of the following is not a step in the development of action plans

Answers

The step that isn't a development in an action plan is scanning the environment to ensure changing conditions have been incorporated into the action plan.

What is an action plan?

It should be noted that an action plan is a checklist of tasks and resources that are needed to complete a project or in order to achieve a goal.

It is also a visual countdown to the project delivery. An action plan is a detailed plan outlining actions needed to reach one or more goals.

Therefore, the step that isn't a development in an action plan is the scanning the environment to ensure changing conditions have been incorporated into the action plan.

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Complete question:

Which of the following is not a step in the development of action plans?

Brainstorm all of the tasks that you need to complete to accomplish your objective.

Analyze and delegate task.

Use the SCHEMES mnemonic to check that your plan is comprehensive.

Scan the environment to ensure changing conditions have been incorporated into the action plan.

During the growth stage of the industry life cycle, ______ increases rapidly.

Answers

During the growth stage of the industry life cycle, imitation the cost of production increases rapidly.

What happens during growth stage?

The growth stage  serves as the stage whereby the  product's sales begin to increase dramatically .

It is a stage whereby  product experiences high demand, and   imitation the cost of production increases rapidly.

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Which of the following is not a component of the vulva

Answers

The option that is not a component of vulva is D: The cervix is not a component of the vulva.

What is vulva?

The vulva is the outer part of the female genitals.

The vulva includes the following;

Opening  called the vestibuleThe labia majoraThe labia minora, and The cltoris

Thus, the cervix is not a component of the vulva.

The complete question is below:

Which of the following is not a component of the vulva?

A. Vαginal orifice

B. Mons pubis

C. Cltoris

D. Cervix

E. Labia minora

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identify a characteristic of the data that is ignored by the regression line

Answers

There is a significant point that has a significant impact on the graph of the regression line, which is a feature of the data that is disregarded by the regression line. This is one of the characteristics of the data that is ignored by the regression line.

This is further explained below.

What is a regression line?

Generally, A regression line is an estimate of the line that depicts the real, but unknown, linear connection between the two variables. This line is drawn using the method of linear regression. When trying to forecast (or make an estimate of) the value of the response variable based on the value of the explanatory variable, the equation of the regression line may be utilized.

In conclusion, Data that is overlooked by regression lines has an important point that has a significant impact on how the graph looks.

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Which approach to value is typically used for investment property of two- to four-family units

Answers

An approach to value which is typically used for any investment property of two- to four-family units is referred to as an income approach.

What is a basic investment?

A basic investment can be defined as a group of fundamental assets that are required to set up a business firm, so as to generate revenue (income) or gain profits.

In Business management, some example of assets which forms the building block of a basic investment include the following:

Holding assetsBuying assetsSelling assets

In Real estate management, an income approach is a type of approach to value which is typically used for any investment property of two-family units to four-family units because it also requires the basic investments.

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This German artist illustrated how a figure can be drawn from an oblique angle for his own text on drawing.

Answers

Albrecht Dürer  illustrated how a figure can be drawn from an oblique angle for his own text on drawing.

Who was Albert Durer?

This man was  a print maker and an artist that existed during the time of the German renaissance in the European Continent.

He was known for his arty and the fact that he  illustrated how a figure can be drawn from an oblique angle for his own text on drawing.

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In the past two decades, the number of teenage pregnancies has

Answers

In the past two decades, the number of teenage pregnancies has dropped dramatically across all ethnic groups.

Why has teenage pregnancies has dropped dramatically across all ethnic groups?

The teenage pregnancies has dropped dramatically across all ethnic groups because of the education , there are alot of parents that are now educated to educate their children about danger of teenage pregnancies.

Also, there has been increased in protective measure by the government to reduce teenage pregnancies, hence, In the past two decades, the number of teenage pregnancies has dropped dramatically across all ethnic groups.

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______ means that anyone can be dismissed at any time for any reason at all, or for no reason.

Answers

A phenomenon in which anyone can be dismissed at any time and for any reason at all, or even for no reason simply means employment at will.

Who is an employee?

An employee refers to an individual who is employed by an employer of labor in a business firm, so as to perform specific tasks, duties or functions on a daily basis, usually on a full-time or contract basis.

Under employment laws and standards, a phenomenon in which anyone can be dismissed at any time and for any reason at all, or even for no reason simply means employment at will.

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McGregor's Theory X and Theory Y identified assumptions managers have about workers. Select the statements below that represent a Theory X manager's beliefs.

Answers

The statements that represent a Theory X manager's beliefs are:

Workers are motivated by fear and money. Workers prefer to avoid responsibility.

What is McGregor's theory of X and Y?

In 1960, a man known as Douglas McGregor was known to have created or postulated the Theory X and Theory Y and this is one that states that two areas of human behavior at work,

Note that it tells about the two different views of people (employees): one that is  negative, called the Theory X and the other is known to be positive, and it is called Theory Y.

Hence when liked to the above, The statements that represent a Theory X manager's beliefs are:

Workers are motivated by fear and money. Workers prefer to avoid responsibility.

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Other Questions
Children learn to duplicate patterns when they can identify the rule, that is, when the unit repeats and the pattern becomes predictable.a. Trueb. False find HM if HG=18, FM=5, and EM=9 Marfan syndrome is caused by a defect in FBN1 gene located on chromosome 15. The gene normally encodes the fibrilllin-1, which is important for the elasticity and appropriate growth of connective tissue. The defect in the gene that causes Marfan syndrome results in a decrease in the amount of functional fibrillin-1 produced. One defective copy of the gene is sufficient to cause Marfan syndrome. The function g(x) is a transformation of the quadratic parent function, fx):What function is g(x)?90x)15(x)A. g(x) = 4xOB. g(x) = ->O c. g(z) = -1D. g(x)=-4x How broad is the scope of ethical consideration, especially concerning engineering projects? Outlining is a skill that will help you to study your textbook more carefully and to prepare more completely for your tests. When you read a chapter in your textbook, do not just read it. Read and outline it. Outlining is an organizational skill that develops your ability to think in a clear and logical manner. Some of the skills needed to outline are: understanding the relationship between headings and subheadings, identifying main ideas and supporting details, and understanding how to use the outline form.One very effective way to outline an article that has headings and/or subheadings is to turn those headings into questions to be answered. Use the outline form to answer these questions, and you will then have the main points down on paper.(first image)Here is an example. If the first heading in an article on dieting was Foods to Avoid, you could turn that into a question and put it into the outline.(second image)In A and B above you would probably place answers to the question about what foods to avoid. Underneath it you would list reasons why you should avoid those foods, using the fewest words possible.You have practiced using the correct outlining form. You know that headings and subheadings can be used as part of the skeleton in your outline. You also know that finding the main idea of a paragraph can be done by turning the headings or subheadings into a question. The answer is usually the main idea.It will take some practice with these skills to feel completely comfortable using them on a regular basis. At first it will seem like outlining a chapter in your textbook will take too long to be helpful. If you practice enough, you will get faster at outlining and more comfortable with the process. Then you will see that outlining actually speeds up the time it takes you to read and study a chapter.There is an outline on the next page which you will use to create your outline. Please remember to follow the guidelines explained to you over the last two pages. Feel free to add on to the outline form if necessary. The share of deposits that banks must have in reserves is the . The interest rate banks charge each other for very short-term loans is the . The interest rate the Federal Reserve charges commercial banks for loans is the A growing trend in food advertising is to market heavily to ___ Research online or offline for local establishments that sell in bulk to restaurants and food service operations. Select one or two items from your menu and compare the prices for these items in 2 or 3 establishments. Which establishment offers the lowest prices? Calculate the cost differences of the ingredients on the original recipe. What will be your savings? Describe the work Juan did in Section K Pictured below are several congenital heart defects. Use the provided items to correctly label the images. Drag and drop the labels on the right to the appropriate image. Labels may be used once, more than once, or not at all. When a nonverbal message conveys the same meaning as a verbal message, its function is __________. A comet is estimated to be about 960,000,000 km from Earth. Write this distance in scientific notation. [?] 10 km Enter 13 Look at the map of the city. Then complete the conversation by writing the correct word or phrase in each blank. Remember to use correct capitalization. OJO! You can use the same word more than once and you don't have to use all of the words.a pie | cuadras | derecha | doble | en autobs | hacia | izquierda | lejos | pararse | perdn | siga | un taxiSeora Lpez: Y dgame, por favor, cmo llego al aeropuerto?Recepcionista: Pues, el aeropuerto queda un poco ________ de la ciudad, pero usted tiene varias opciones. Puede llamar _________, pero es ms barato ir _______. Salga del hotel y _______ a la ________. _______ derecho tres _______ y ______ a la ________. Tome el autobs Aeropuerto Sur. De all, el aeropuerto queda a unos 25 kilmetros ______ el oeste. This figure represents a design found in a glass panel. ABCD is a rectangle withmidpoints X, Y, Z, and W. Emily states that the quadrilateral formed by the segmentsthat join the midpoints of the sides is a rhombus. Do you agree with her? Explain whyor why not. Which statement below correctly depicts the expected value of a fair game?E(X) = 0E(X) = 1E(X) > 0E(X) >1 Under which risk register heading would you list identification of a defective hard drive as the source of a computer defect? Within the past century, humans have been eating higher cholesterol and fatty meals and have become less physically active, which makes them more susceptible to heart disease. Which of the following will lead to an adaptation You must write your answer in fully simplified form.2t= -12 At a certain time a particle had a speed of 80 m/s in the positive x direction, and 9.8 s later its speed was 20 m/s in the opposite direction. What was the average acceleration of the particle during this 9.8 s interval