All categories

2 years ago

Current Attempt in Progress

Business

1 answer:

Inessa05 [86]2 years ago

3 0

Answer:

Assets = Liabilities + Stockholders' Equity = $68,600

Explanation:

Note: See the attached excel file for the tabular analysis of the effect of each transaction on the accounting equation.

From the attached excel file, we have:

Assetes = Total assets balance = = $18,800 + $17,900 + 31,900 = $68,600

Liabilities = Total liabilities balance = $1,600

Stockholders' Equity = Total Common Stock balance + Total Net Income balance = $42,500 + $25,500 = $67,000

Liabilities + Stockholders' Equity = $1,600 + $67,000 = $68,600

Therefore, we have:

Assets = Liabilities + Stockholders' Equity = $68,600

Download xlsx

You might be interested in

Disability income insurance will provide income to a disabled or ill person ___________.

vlada-n [284]

Disability income insurance will provide income to a disabled or ill person with a waiting period before income is received. Commonly, when a person applies for disability income insurance and is taking out money from the government for disability there is a period of waiting. During this period they review all information given and decides whether or not the person applying actually qualifies for the funds they are wanting to receive. Most states have a set time frame they have to wait and also a set time frame of how long people can receive funds for.

3 0

2 years ago

Consider a firm with a daily demand of 100 units, a production rate per day of 500 units, a setup cost of $200, and an annual

podryga [215]

Answer: 980

Explanation:

The number of units of inventory that the storage area must be able to hold will be calculated as:

Demand = 100 × 300 = 30000

Production rate per day = 500

Setup cost = $200

Annual holding cost = $10

We then use the economic order quantity formula to solve and the answer will be gotten as 1225

The maximum inventory will now be:

= EQQ × (1-d/p)

= 1225 × (1-100/500)

= 1225 × ( 1 - 0.2)

= 1225 × 0.8

= 980

6 0

2 years ago

When marginal cost exceeds average total cost:

gtnhenbr [62]

Answer:

B) average total cost must be rising

Explanation:

Marginal cost is the rate at which total variable cost increases when one more unit is produces.

So when marginal cost is larger than average cost, it means that total average costs must be increasing.

For example, we have the following production costs:

total costs = $100
units produced = 20 units
total average costs = $5 per unit

If the marginal cost of producing 1 more unit is $6, then the total costs will be $106 and the total average cost will be $5.05 per unit (= $106 / 21 units).

4 0

2 years ago

Utility costs that relate to current year's operations but are not paid until the following year require:______

motikmotik

Utility costs that relate to current year's operations but are not paid until the following year require:

a debit to Utilities Expense
a credit to Utilities Payable

<h3>What happens when expenses are not paid?</h3>

Expenses are meant to be paid within the accounting period that they occur and if this does not happen, then they are to be treated as current liabilities in the Balance sheet.

This means that the Utilities Expense account will be debited as is the norm but the account that will then be credited is the Utilities Payable account which is a current liability.

Options for this question:

(Select all that apply.)

a debit to Prepaid Expense - Utilities
a debit to Utilities Expense
no journal entry
a credit to Utilities Payable
a credit to Cash

Find out more on recording expense payables at brainly.com/question/16781277

#SPJ1

3 0

1 year ago

SEC Rule 10b-18 allows an issuer to buy its shares in the open market:________.A. at any price that is reasonably related to the

Mice21 [21]

Answer:

B. at the highest independent bid or the last reported sale price, whichever is higher

Explanation:

SEC Rule 10b-18 was issued to create a safe harbor that reduces a company's possible legal liabilities related to repurchasing their own stock. Companies can decide to follow it or not, but if they follow it, they must comply with specific requirements that depend on the company's size and trading activities. Even if companies follow all the requirements of this "safe harbor", all legal liabilities are not eliminated, instead some specific provisions will not be considered to have been violated by the company.

The conditions related to this rule include

Manner of purchase conditions
Timing conditions
Price conditions
Volume conditions

7 0

2 years ago