User Account

All Pages

What was ace plumbing revenue for the year

Assignment Help Accounting Basics
Reference no: EM133085662

Question - During the current year, assets of Ace Plumbing increased from $68,000 to $76,000, and liabilities increased from $25,000 to $28,000. If no additional capital contributions were made during the year, owner's withdrawals totaled $3,000, and expenses totaled $30,000, what was Ace Plumbing's revenue for the year?

Reference no: EM133085662

Questions Cloud

What is the composition of mixed costs : Question - What is the composition of mixed costs? How is this concept applied in determining profitability for manufacturing companies
Think about scheduling games-field times-varsity : Think about scheduling games, field times, varsity, and sub-varsity events.
Determine the value of net assets : Pendo Ltd. paid a consideration of Shs. 25,000,000.00 and acquired 80% of Imani Ltd. Determine the Value of Net assets
Appropriate marketing mix to implement that strategy : Based on your analysis, suggest a strategy from the product/market expansion grid and an appropriate marketing mix to implement that strategy.
What was ace plumbing revenue for the year : Question - During the current year, assets of Ace Plumbing increased from $68,000 to $76,000, What was Ace Plumbing revenue for the year
Business unit differentiation strategy : What skills should a person have for managing a business unit following a differentiation strategy?
Calculate the material budget variance : Sprague company's standard material cost per unit of output is $10 (2kg x $5). Calculate the material budget variance
Licensing and Franchising-Explanation of the key term : Explanation of the Key Term (Licensing and Franchising). Major Article Summary about Licensing and Franchising.
What amount of depreciation should be recorded each year : Based on this change in estimate, what amount of depreciation should be recorded each year over the remaining life of the asset

Reviews

Write a Review

Accounting Basics Questions & Answers

  How does the allowance method provide a more accurate report

Why is accounting for uncollectible receivables necessary? How does the allowance method provide a more accurate reporting result

  Prepare schedule of cash receipts and disbursements for June

All sales are on credit. Records show that 70 percent of the customers pay the month of the sale, Prepare schedule of cash receipts and disbursements for June

  Determine the retained earnings balance at the end of year

Problem - On January 1, 2022, Pharoah Corporation had retained earnings of $546,000. Determine the retained earnings balance at the end of year

  Prepare a statement of stockholders equity for the year

Determine Prepare a statement of stockholders' equity for the year ended December 31, 20Y6. Assume that net income was $1,125,000 for the year ended December

  Compute the labor rate variance input the amount as a

diamond company produces a single product. the company has set the following standards for materials and laborstandard

  Determine the estimated fair value of the hedge at December

Determine the estimated fair value of the hedge at December 31, 2016. Recall that the hedge contract is in effect for the 2017, 2018, 2019

  Find the number of units of Widgets for Dorchester

During FY 2019, Dorchester Company plans to sell Widgets for $14 a unit. Use this information to find the number of units of Widgets for Dorchester to breakeven

  How might avoid the large discrepancy in the future

As a manager, how might you avoid this large discrepancy in the future? Would a change in inventory systems benefit the company?

  What would you pay for a debenture bond

What would you pay for a $100,000 debenture bond that matures in 15 years and pays $10,000 a year in interest if you wanted to earn a yield of: 8%

  Prepare the may income statement for salsa

Negative and subtractive numbers are to be entered as positive numbers. Prepare the May income statement for Salsa

  What was the payment for and who authorized

Good discussion of the FCPA. The accounts payable function is key to identifying payments that might be bribes. The approval process is really the focus.

  Calculate the cost per letter for this operation

Question - The local post office sorts letters by zip code. March, 200,000 letters were sorted. Calculate the cost per letter for this operation

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd