Warner Furniture Center had accounts receivable of $ 26 comma 000 at the beginning of the year and $ 55 comma 000 at​ year-end. Revenue for the year totaled $ 118 comma 000. How much cash did the business collect from​ customers?

FAFSA stands for Free Application for Federal Student Aid. The student aid includes federal grants, loans and work-study funds .

The following statements about the FAFSA process is TRUE :

B. You must use the FAFSA to apply for the federal work-study program.  

It is also important to note that the sooner the student applies, the better his/her chances of reviving generous aid, because a large portion of financial aid in the United States is distributed on a rolling basis

I am 1000% sure it is B semicolon...

This was right on Penn foster

Answer:

The two main types are personal balance sheets and cash flow statements.

One, a personal balance sheet is an assessment of what you own and what you owe. It's important to know where you stand financially, and a personal balance sheet gives an individual a financial outlook. The steps include, listing your assets (valuable items and their values). Then, list any debt, liabilities, or any amounts of money you owe. Lastly, find your net worth by subtracting your liabilities from your assets.

Two, a cash flow statement is a record of income and expenditures during a given time period. It's important to know your cash flow to see if you have a surplus of cash that could possibly be invested. To create a cash flow statement, first record any income or money you receive. Next record any expenditures (spending). Lastly, subtract your expenditures from your income to find your cash flow for a specific time period.

Answer:

The two types of personal financial statements are the personal cash flow statement and the personal balance sheet. ... A personal balance sheet summarizes your assets and liabilities in order to calculate your net worth.

Explanation:

Management is important for the growth of an organization and its success. Management is essential for organizing, leading, and controlling the resources of the organization. The importance of management can be based upon the following:Planning: Planning is the most important function of management. Planning helps in determining the goals and objectives of the organization. It involves developing policies, procedures, rules, regulations, and programs to achieve these objectives. Planning is a necessary process as it helps to achieve the goals and objectives of the organization.Organizing: Organizing is another important function of management. It involves determining the resources needed to achieve the objectives of the organization. Organizing involves developing a structure that helps in the smooth flow of information and helps to achieve the goals of the organization.Leadership: Leadership is important in management as it helps to influence and motivate people to achieve the goals of the organization. Leadership involves inspiring, guiding, and directing people to achieve the objectives of the organization.Controlling: Controlling is the last function of management. It involves measuring the performance of the organization and taking corrective measures to improve the performance of the organization. Controlling helps in evaluating the performance of the organization and taking corrective measures to achieve the objectives of the organization.In conclusion, management is important for the growth and success of the organization. Management helps in planning, organizing, leading, and controlling the resources of the organization. These functions help in achieving the goals and objectives of the organization.

Answer:

its is D

Explanation:

Answer:

Net Income for the year ended December 31, 2017

Consulting revenue 33,000

Rental revenue        22,000

Total Revenues        55,0000

Salaries expense (20,000)

Rent expense       (12,000)

S&A expenses       (8,000)

Net Income                  15,000

Statement of RE

net income   15,000

withdrawals (13,000)

ending retained earnings 2,000

Balance Sheet

Cash          10,000            Accounts payable 23,000

A/R              9,000           A. Armani, Capital, Dec. 31, 2016 7,000

Supplies     6,000            

Equipment 5,000

Total Assets:  30,0000  Total liab + Equity 30,000

owner's equity:

                Armani Capital Retained Earings Total

Balance Jan 1            4,000          0                4,000

Net Earnings                          15,000     15,000

Withdrawals                         -13,000    -13,000

Contribution           1,000                        1,000

Balance, Dec 31  5,000         2,000       7,000

Explanation:

First we do the net income which is revenues less expenses.

Then we proceed with the retained earnings, which si income less withdrawals

Finally the balance sheet we order the assets accoutn in the left and liabiltiies and equity on the right. They should always match as the balance sheet represent the accounting equation: A = L + E

For the owner's equity statement we most disclosure all changes in equity during the year.

Final answer:

To prepare a year-end statement of owner’s equity, calculate the beginning capital balance, add investments or withdrawals, and adjust for net income or loss.

Explanation:

To prepare a year-end statement of owner’s equity for Armani Company, we need to calculate the beginning capital balance, add additional investments or withdrawals made by the owner during the year, and adjust for net income or net loss. Here are the steps:

1. Calculate the beginning capital balance by subtracting the owner's capital as of Dec. 31, 2016 ($4,000) from the owner's capital as of Dec. 31, 2017 ($7,000). The beginning capital balance is $3,000.
2. Add any additional capital investments made by the owner during the year. In this case, the owner invested $1,000 cash in the business, so we add $1,000 to the beginning capital balance.
3. Subtract any withdrawals made by the owner during the year. In this case, the owner made withdrawals of $13,000, so we subtract $13,000 from the previous balance.
4. Add or subtract net income or net loss for the year. Since we don't have that information, we'll assume there is no net income or loss.
5. The final balance is the owner's equity as of Dec. 31, 2017.

Using this information, the year-end statement of owner’s equity for Armani Company would show a final balance of $3,000 + $1,000 - $13,000 = -$9,000.

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