For August, Royal Consulting and Mediation Practice (RCMP) worked 700 hours for Alberta Company and 1,500 hours for Ontario Corporation. RCMP bills clients at the rate of $600 per hour; labor cost for its consulting staff is $400 per hour. The total number of hours worked in August was 2,200, and overhead costs were $56,000. Overhead is applied to clients at $32 per labor-hour. In addition, RCMP had $340,000 in marketing and administrative costs. All transactions are on account. All services were billed. Transaction Description
(a) Record Labor cost
(b) Record Applied Service Overhead
(c) Record Cost of services billed
(d) Record Actual Service Overhead

Required:
Show labor and overhead cost flows through T-accounts.

Eagle sporting goods reported the following data at july ​31, 2016​, with amounts adapted in​ thousands: ​(click the icon to view the income​ statement.) ​(click the icon to view the statement of retained​ earnings.) ​(click the icon to view the balance​ sheet.) 1. compute eagle​'s net working capital. 2. compute eagle​'s current ratio. round to two decimal places. 3. compute eagle​'s debt ratio. round to two decimal places. do these values and ratios look​ strong, weak or​ middle-of-the-road? 1. compute eagle​'s net working capital. total current assets - total current liabilities = net working capital 99400 - 30000 = 69400 2. compute eagle​'s current ratio. ​(round answer to two decimal​ places.) total current assets / total current liabilities = current ratio 99400 / 30000 = 3.31 3. compute eagle​'s debt ratio. ​(round answer to two decimal​ places.) total liabilities / total assets = debt ratio 65000 / 130000 = 0.50 do these ratio values and ratios look​ strong, weak or​ middle-of-the-road? net working capital is ▾ . this means ▾ current assets exceed current liabilities current liabilities exceed current assets and is a ▾ negative positive sign. eagle​'s current ratio is considered ▾ middle-of-the-road. strong. weak. eagle​'s debt ratio is considered ▾ middle-of-the-road. strong. weak. choose from any list or enter any number in the input fields and then continue to the next question.