How do you solve for an owner's equity

A replacement analysis is most objectively conducted from the viewpoint of:

mixer [17]

From the viewpoint of an outsider, an non-owner and an consultant which is a replacement analysis is most objectively conducted. When you are conducting a replacement analysis the most objectively conducted is from the view point of the three which is from an outsider, an consultant and an non-owner.

6 0

3 years ago

The 4,000 accounts receivable of Miller Company have a total book value of $150,000. A CPA has selected and audited a sample of

Dmitriy789 [7]

Answer:

c. $154,000.

Explanation:

According to the difference value technique, the average difference between audited value and book value for the sample should be replicated for the whole population of 4,000 accounts. The average difference per account is:

$D=\frac{\$3,800-\$3,700}{100}\\D=\$1$

This means that the audited value is $1 greater than the book value for each account, assuming 4,000 accounts with a book value of $150,000, the audited value is:

$A = \$150,000+\$1*4,000\\A=\$154,000$

Estimated total audited value of the population is: c. $154,000.

3 0

3 years ago

A purely competitive firm should produce in the short run if its total revenue is sufficient to cover its:

Leokris [45]

Answer:

D. total variable costs

Explanation:

A purely competitive firm should produce in the short run if its total revenue is sufficient to cover its <u>total variable costs</u>.

In short run, fixed cost had to be incurred even if it shuts down. So it should operate as long as price is greater than average variable cost.

8 0

3 years ago

A farmer wants to fence in an area of 1.5 million square feet in a rectangular field and then divide it in half with a fence par

Vikentia [17]

If the rectangular field has notional sides
x
and
y
, then it has area:
A
(
x
)
=
x
y

[
=
6
⋅
10
6
sq ft
]
The length of fencing required, if
x
is the letter that was arbitrarily assigned to the side to which the dividing fence runs parallel, is:
L
(
x
)
=
3
x
+
2
y
It matters not that the farmer wishes to divide the area into 2 exact smaller areas.
Assuming the cost of the fencing is proportional to the length of fencing required, then:
C
(
x
)
=
α
L
(
x
)
To optimise cost, using the Lagrange Multiplier
λ
, with the area constraint :
∇
C
(
x
)
=
λ
∇
A

∇
L
(
x
)
=
μ
∇
A

⇒
μ
=
3
y
=
2
x
⇒
x
=
2
3
y
⇒
x
y
=
{
2
3
y
2
6
⋅
10
6
sq ft
∴

{
y
=
3
⋅
10
3
ft
x
=
2
⋅
10
3
ft
So the farmer minimises the cost by fencing-off in the ratio 2:3, either-way

4 0

2 years ago

Penny decided that the interest shown by the East Rutherford, N.J., Gay, Lesbian, Bisexual, and Transgender Alliance justified f

Tpy6a [65]

Answer:

Total Annual Expense = $173040

Explanation:

Note: This question is incomplete and lacks the data and instruction for the question to solve it. I have retrieved its data from the internet. However, I will be solving this by using the data to find out the expenses portion of an annual income statement.

Solution:

Data Given:

Rent = $1000 of a month

Owner Salary = $500 per week

Employee Wages = $10 an hour

Total employees = 4

Working hours = 40 hours work week

Working weeks in year = 52 weeks.

Payroll Expense = 20% of the total compensation

Shipping = $250/week

Insurance = $50/week

Office Supplies = $25/week

Acct/Legal = $50/week

Utilities = $200/week

Misc = $100/week

Following is the expenses portion of an annual income statement for Penny blossoms:

Rent = $1000 x 12 = $12000

Owner Salary = ($500 x 4) x 12 = $24000

Employee Wages = $10 an hour = (10 x 40) x 52 x 4 = $83200

Payroll Expense = 20% of the total compensation = 20% x ($83200 + $24000) = $21440

Shipping = $250/week = (250 x 4) x 12 = $12000

Insurance = $50/week = (50 x 4) x 12 = $2400

Office Supplies = $25/week = 25 x 4 x 12 = $1200

Acct/Legal = $50/week = 50 x 4 x 12 = $2400

Utilities = $200/week = 200 x 4 x 12 = $9600

Misc = $100/week = 100 x 4 x 12 = $4800

Total Expense is the sum of all annual expenses.

Total Expense = $173040

4 0

3 years ago

How do you solve for an owner's equity​

How do you solve for an owner's equity