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natka813 [3]
3 years ago
11

A corporation has $80,000 in total assets, $36,000 in total liabilities, and a $12,000 credit balance in retained earnings. what

is the balance in the contributed capital accounts?
a. $44,000.
b. $32,000.
c. $56,000.
d. $48,000.
Business
1 answer:
belka [17]3 years ago
7 0
Hi Ddestinyclark8385, 

<span><u>A corporation has $80,000 in total assets, $36,000 in total liabilities, and a $12,000 credit balance in retained earnings. what is the balance in the contributed capital accounts?</u>
</span>b. $32.000
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On January 23, 10,000 shares of Tolle Company are acquired at a price of $30 per share plus a $100 brokerage commission. On Apri
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Answer:

January 23rd

Dr Investment in Tolle                 300,100

Cr Cash                                        300,100

(to record the acquired of 10,000 Tolle's shares at $30 each and a brokerage cost of $100)

April 12th

Dr Cash                                 5,000

Cr Dividend Revenue          5,000

(to record dividend revenue from 10,00 Tolle's shares at $0.5 each)

June 10th

Dr Cash                                           135,900

Cr Investment on Tolle                 120,040

Cr Gain on investment disposal   15,860

(to record the sales of 4,000 Tolle's shares at $34 plus $110 commission fees incurred).

Explanation:

All the explanation is given at the end of each transaction. Further explanation as below:

Given there is no information mentioned whether the share acquired is fro 20% to above and the partial disposal of the investment comes quite near to the time of first acquire; we apply the Cost Method for accounting these transactions.

In the June 10th transaction, we have:

- The actual selling price per share = (Selling price x share sold - Brokerage commission) / share sold = ( 34 x 4,000 - 100) / 4,000 = $33.975;

- The cost of share sold per share = ( Purchasing price x share purchase - Brokerage commission)/ share purchased = ( 30 x 10,000 + 100) / 10,000 = $30.01

=> Cost of share recorded ( Cr Investment account) = 30.01 x 4,000 = 120,040;

=> Gain on investment disposal = ( 33.975 - 30.01) x 4,000 = 15,860.

=> Cash receipt = 4,000 x 34 - 100 = $135,900.

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3 years ago
Assume the MPC is 0.6. If government were to impose $10 billion of new taxes on household income, consumption spending would ini
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Answer:

$6 billion

Explanation:

Calculation to determine what consumption spending would initially decrease by

Using this formula

Decrease in Consumption spending=MPC * New taxes on household income

Let plug in the formula

Decrease in Consumption spending=0.6*$10 billion

Decrease in Consumption spending=$6 billion

Therefore consumption spending would initially decrease by $6 billion

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Steve wants to use Google Display Ads to reach new customers who are looking to purchase products similar to his. Which audience
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Answer: In-Market audiences

Explanation:

In-market audiences are internet users who through their browsing history and tendencies have spurred Google to term them as users with <em>high commercial intent</em>.

Because of the analysis done by Google, they know what the users are looking for and so one can target specific ads at them. Steve can therefore use Google Display Ads to target those customers who are looking to buy similar products to his through In-market audiences.

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Bank A offers to lend you money at 10 percent compounded monthly, Bank B at 11 percent compounded quarterly, and Bank C at 12 pe
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Answer and Explanation:

The computation is given below:

For Bank A,

Effective annual rate is

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For Bank B,

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And,

For Bank C,

Effective annual rate = 12%

Therefore, Bank A is best to borrow at lowest effective annual rate

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The analytic technique utilized after an adverse event occurs to prevent its recurrence is called?
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The analytic technique utilized after an adverse event occurs to prevent its recurrence is called Root cause analysis.

<h3>What are the root cause analysis five steps?</h3>
  • Root cause analysis is a technique for problem-solving used in science and engineering to determine the underlying reasons of errors or issues.
  • It is frequently utilized in areas like information technology operations, telecommunications, industrial process control, accident investigation, and the healthcare sector.
  • Realize the Issue: To start, you must decide what went wrong.
  • Gather a Good Amount of Information.
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  • Create a conclusion.
  • Make any necessary adjustments.
  • The analytic technique utilized after an adverse event occurs to prevent its recurrence is called
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To learn more about the Root cause analysis, refer to the following link:

brainly.com/question/19571344

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