All categories

2 years ago

45 points, please help.

1 answer:

3 0

The total of the assets in a balance sheet is equal to the summation of the owners' equity capital and the total liabilities of the firm.

<h3>What is a balance sheet?</h3>

Balance sheet is the financial statement of an organization that gives the details about the financial position of the company at the end of the financial period.

In the above case, the total of the assets is $50000 and the total of the equities and liabilities tallies the amount of assets. An image for the same has been attached for better reference.

Thus, the equation of the balance sheet holds true in the case of ABC Rentals.

Learn more about balance sheet here:

brainly.com/question/26323001

#SPJ1

You might be interested in

Definition of collateral

Romashka [77]

Collateral- Something pledged as security for repayment of a loan, to be forfeited in the event of a default.

8 0

4 years ago

Read 2 more answers

Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missin

Pavlova-9 [17]

Answer:

2020:

Sales revenue = Net Sales + Sales returns

= 345,615 + 13,790

= $359,405

Freight-In = Cost of goods sold - Beginning inventory - Purchases + Purchase returns + Ending inventory

= 252,735 - 34,400 - 260,690 + 43,065 + 7,410

= $8,120

2021:

Beginning inventory = Ending inventory 2020 = $43,065

Gross Profit on sales = Net sales - Cost of goods sold

= 396,103 - 292,523

= $103,580

8 0

3 years ago

Non verbal communication is also referred to as

quester [9]

It can be called facial expressions

6 0

3 years ago

Read 2 more answers

stock is not expected to pay dividends until three years from now. The dividend is then expected to be $2.00 per share, the divi

Gnesinka [82]

Answer:

The value of the stock today is closest to $53.15

Explanation:

Under the Gordon Growth Model, the share price of share can be calculated as follow

Price of share = D / ( k - g )

Where:

D = End of the first period Dividend

k = Required Rate of Return

g = Expected growth rate

g can be calculated as follow

g = Retention Rate x and ROE

g = ( 1- Dividend Payout Ratio ) x ROE

g = ( 100% - 40% )x 15% = 60% x 15% = 9%

D = $2

k = 12%

Dividends will start at year 3. This will be after 2 years of the end of the year dividend.

Year 3 share Price = $2 / ( 12% - 0.09% )

Year 3 share Price = $66.67

Discounting the year 3 share price back to today's value,

Today's share price = Year 3 share Price / ( 1 + required ROR )^n

Today's share price = 66.67 / ( 1 + 12% )^2

Today's share price = $53.15

6 0

3 years ago

How do markets function in capitalist system ?

mestny [16]

Answer:

In a capitalistic society, the production and pricing of goods and services are largely determined by supply and demand the free market but some government regulation and oversight may occur. In contrast, a free market system is ruled entirely by demand and supply, and there is little or no government regulation.

Explanation:

5 0

3 years ago