The 2014 income statement for moring company

Assignment Help Microeconomics
Reference no: EM13840590

The 2014 income statement for Moring Company showed rent expense of $9,500 and wages expense of $8,600. The related balance sheet account balance at year-end last year and this year were as follows:

                                                                              2014              2013

                        Prepaid Rent                                 $900              $300

                        Salaries and Wages Payable         500                400

 

Calculate the following for 2014:

1.         Cash paid for rent.

2.         Cash paid for wages.

 

Reference no: EM13840590

Questions Cloud

Crisis action planning in context of business environment : Describe contingency and crisis action planning in the context of the business environment. What are some important steps when faced with a crisis? What is crisis communication?
Explain the code review procedures with a tool : Explain the Code Review Procedures with a Tool. Describe the benefits of using these procedures. Explain what the Architectural Risk Analysis is
Double-entry accounting services begin operations : Double-entry Accounting Services begin operations on July 1. It allows its clients 90 days to pay for services received. On the other hand, the company's suppliers require payment for their goods and services within 30 days. Double-entry prepaid its ..
Describe the type of culture : Name a company that you are familiar with or have been in news that seems to have strong corporate cultures. Describe the type of culture it is, and the impact the culture has on the organization (employees, customers and results). If you were the CE..
The 2014 income statement for moring company : The 2014 income statement for Moring Company showed rent expense of $9,500 and wages expense of $8,600. The related balance sheet account balance at year-end last year and this year were as follows:
Based on the demographics of their employees : How do the benefits and services an organization provide change based on the demographics of their employees?
Consumer and shareholder protection business and society : "Consumer and Shareholder Protection" Business and Society. You are tasked with writing a blog post discussing Face book’s stance on consumer privacy in the digital age. Additionally, you must comment on at least one of your peers’ blogs.
Policies and procedures facilitate strategy execution : Policies and procedures facilitate strategy execution when they are designed to fit the company’s strategy and objectives. What is a more recent company that has revised its policies and procedures to provide better top-down guidance to company perso..
Provide change based on the demographics of their employees : How do the benefits and services an organization provide change based on the demographics of their employees?

Reviews

Write a Review

Microeconomics Questions & Answers

  Find the depreciation rate and population growth

A country is described by the Solow Model with a production function y = k1/2 where y is output per worker and k is capital per worker. Now suppose that the fraction of output invested (or saved) is 50%.

  Which consumers would buy insurance at that price are there

suppose there are two types of people who need health insurance high-risk and low-risk consumers. high-risk consumers

  How would enter a specific global market

Identify a non-global company and select a market entry strategy.

  Accelerate economic growth in todays economy

Normal 0 false false false EN-US X-NONE X-NONE Would Reaganomics (which is..

  What is the cost to government for imposing the estate tax

What is the cost to government for imposing the estate tax and what is the cost to the taxpayer for imposing the estate tax on him?

  She arbitarily selects ten schools from district and

an education expert is researching teaching methods and wishes to interview teachers from a particular school district.

  What is the three methods to connect portable generator

What is the Three Methods to Connect Portable Generator to Home Supply System ??

  Why does wal-mart have a cost advantage

When Wal-Mart locates in a smaller town, often the local retailers (e.g., hardware, clothing, and appliance stores) are unable to successfully compete and are driven out of business.

  General price index in 1999 was 100 and in 2001 it was 150

suppose nominal gdp in 1999 was 100 billion and in 2001 it was 270 billion. the general price index in 1999 was 100 and

  Major changes globally in their markets-industry structures

Both Ford and Phillips Electric have faced major changes globally in their markets and industry structures with the emergence of new competitors, new markets and new technologies. Historically both companies pursued a multi-domestic approach to manag..

  Schedule slopes downward

Agree or disagree and describe. The AD schedule slopes downward because real income rises as the price level declines and everybody buys more as the real income rises.

  Local economy and the surrounding community

The city council has just approved the construction of a water park in your town. You are responsible for studying the impact of the new water park on the local economy and the surrounding community.

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!

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