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madam [21]
3 years ago
11

If, during the year, total liabilities increased by $95,000 and total stockholders' equity decreased by $75,000, what is the amo

unt of total assets at the end of the year?
Business
1 answer:
eimsori [14]3 years ago
6 0

Answer:

Total Assets at the end of the year increased by 20.000.

Explanation:

The accounting equation said:

Equity = Total Assets - Total Liabilities

It means that the difference between Assets and Liabilities must be cover with Equity, the movements during the year in Liabilities and Equity must be reflected ni the Total Assets, that is why we have to increase Assets by 20.000 so the equation keep it validity

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Archie Co. purchased a framing machine for $45,000 on January 1, 2018. The machine is expected to have a four-year life, with a
yuradex [85]

Answer:

b. $10,000 and $25,000

Explanation:

For computing the the book value of an asset , first we have to determine the depreciation expense which is shown below"

So, under the straight-line method, the depreciation expense would be

= (Original cost - residual value) ÷ (useful life)  

= ($45,000 - $5,000) ÷ (4 years)  

= ($40,000) ÷ (4 years)  

= $10,000  

For two years, the depreciation would be

= $10,000 × 2 years

= $20,000

In this method, the depreciation is same for all the remaining useful life

Now the book value would be

= Acquired value of an asset - accumulated depreciation  

= $45,000 - $20,000

= $25,000

8 0
3 years ago
A small company estimating its photocopying expenses finds that the mean number of copies made per day for the past 12 months is
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Answer:

The answer is: D) On average, the number of copies made each day was about 24 copies per day away from the mean, 258.

Explanation:

Mean: to calculate the mean of an statistical sample, you add all the data points and then divide by the total number of points, in other words is the average value.

Standard deviation: measures how spread out the values are from the sample's mean. The larger the standard deviation, the more spread out the values.

5 0
4 years ago
Which of the following is one of the three arguments in favor of narrow corporate social responsibility discussed in this chapte
zaharov [31]

Answer: let-government-do-it

Explanation:

The narrow corporate social responsibility has to do with the fact that corporations and businesses already contribute a positive quota to tye economy by generating revenue when they make profit, which they use in supporting the wages of employees, provision of employment, investments opportunities, and payment of taxes.

The argument believes that government should be allowed to do some other things.

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3 years ago
The marginal propensity to consume is the:
erma4kov [3.2K]

Answer: proportion of extra income that is consumed. (D)

Explanation:

The marginal propensity to consume is the proportion of an additional income that an individual consumes.

For example, if a household earns an extra dollar of disposable income, while the marginal propensity to consume is 0.60 this means that at that dollar, the household will spend 60 cents and save 40 cents.

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3 years ago
John F. kennedy believed that a leader should be ___
tia_tia [17]
Vision, decision-making style, and delegation.
8 0
3 years ago
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