Business, 24.01.2020 23:31 sonnie28

Sunland company is a private camping ground near the mount miguel recreation area. it has compiled the following financial information as of december 31, 2017.service revenue (from camping fees) $163,680sales revenue (from general store) 31,000accounts payable 13,640cash 10,540equipment 141,360dividends $11,160notes payable 62,000expenses during 2017 156,240supplies 6,820common stock 49,600retained earnings 6,200(1/1/2017) a. determine sunland company's net income for 2017. b. prepare a retained earnings statement for sunland company year ended december 31, 2017.c. prepare a balance sheet for sunland company as of december 31, 2017. (list assets in order of liquidity.)

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 19:30

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery

Answers: 3

Answer

Business, 23.06.2019 00:10

During the current year, luis university received a $50,000 gift from an alumna who specified that it must be used to pay travel costs for faculty to attend health care conferences in foreign countries. during the year the university spent $8,000 to support travel to a health care conference in italy. the $8,000 disbursement will cause a net decrease in which class of net assets?

Answers: 1

Answer

Business, 23.06.2019 02:30

Beachballs, inc., expects abnormally high earnings for the next three years due to the forecast of unusually hot summers. after the 3-year period, their growth will level off to its normal rate of 6%. dividends and earnings are expected to grow at 20% for years 1 and 2 and 15% in year 3. the last dividend paid was $1.00. if an investor requires a 10% return on beachballs, the price she is willing to pay for the stock is closest to:

Answers: 3

Answer

Business, 23.06.2019 06:50

Which of the following does not use any type of computer code in their work? a. web designer b. database administrator c. information security d. computer user support

Answers: 2

Answer

You know the right answer?

Sunland company is a private camping ground near the mount miguel recreation area. it has compiled t...

Questions

Business, 25.03.2021 20:40

Coronado Industries uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become uncol...