Why are businesses in monopolistic competition interdependent

The following December 31, 2021, fiscal year-end account balance information is available for the Stone Corporation:Cash and cas

blsea [12.9K]

Answer:

1.

Total current assets = $112500

2.

Short term investments = $2300

3.

Retained earnings = $15500

Explanation:

1.

The total current assets can be determined using the current ratio provided for 2021. The current ratio is calculated by dividing the value of total current assets by the value of the total current liabilities.

1.5 = Total current assets / (51000 + 23000 + 1000)

1.5 = Total current assets / 75000

1.5 * 75000 = Total current assets

Total current assets = $112500

2.

Short term investments are a part of the current assets. The value of short term investments is,

112500 = 6200 + 32000 + 72000 + Short term investments

112500 = 110200 + Short term investments

112500 - 110200 = Short term investments

Short term investments = $2300

3.

The basic accounting equation states that the total assets is always equal to the value of total liabilities plus total equity.

Total assets = Total Liabilities + Total Equity

(112500 + 180000) = [(51000 + 23000 + 1000) + 42000] + (160000 + Retained earnings)

292500 = 117000 + 160000 + Retained earnings

Retained earnings = 292500 - 277000

Retained earnings = $15500

6 0

3 years ago

Why are professional associations interested in keeping professional standards high?

gavmur [86]

Answer:

A few dishonest professionals can hurt the entire profession.

3 0

2 years ago

What is the art of getting your work done through people in a harmonious way? having good interpersonal skills, having good work

Arlecino [84]

The answer would be: Having good interpersonal skills

7 0

2 years ago

Read 2 more answers

weston mines has a cost of equity of 20.8 percent, a pretax cost of debt of 9.4 percent, and a wacc of 17.1 percent. ignore taxe

jonny [76]

If weston mines has a cost of equity of 20.8 percent, a pretax cost of debt of 9.4 percent, and a wacc of 17.1 percent. ignore taxes. the equity-asset ratio is:0.48.

<h3>How to find the equity -asset ratio?</h3>

Given data:

Cost of equity = 20.8%

Pretax cost of debt = 9.4%

Wacc =17.1%

Hence,

Equity -asset ratio:

0.208=0.171 + [(0.171 - 0.094) ×E/A]

0.208 -0.171 = [(0.171 - 0.094) ×E/A]

0.037= 0.077 ×E/A

E/A = 0.037/0.077

E/A =0.48

Therefore the equity- asset ratio is 0.48.

Learn more about equity-asset ratio here:brainly.com/question/28138260

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3 0

11 months ago

The competitive power of a company resource strength or competitive capability does not hinge on

olga55 [171]

It does not hinge on <span>whether the strength or capability represents a distinctive competence.
A company could be considered to have a strong competitive power without distinctive competence with these following conditions
- The competitors are equally incompetent
- They receive some sort of incentives from the government
- Their product is completely unique compared to any others</span>

7 0

3 years ago