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3 years ago

If during the current year, liabilities of hayden travel decreased by $50,000 and owners' equity increased by $75,000, then:

1 answer:

3 0

The answer is "then assets increased during the year by $25,000".

liabilities of Hayden travel decreased by = $50,000
owners' equity increased by = $75,000
assets increased during the year = $75,000 - $50,000
= $25,000

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3 years ago

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The following standard costs pertain to a component part manufactured by Bor Co.:

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Answer:

Relevant cost= $30

Explanation:

Giving the following information:

Direct materials $4

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The relevant cost in a "make or buy" decision is the cost that can be avoided. Therefore, the fixed manufacturing cost is not relevant.

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3 years ago

The income statement of Benning Co. for the month of July shows net income of $1,400 based on Service Revenue $5,500, Wages Expe

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Answer:

Net Income = $1,250

Explanation:

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For the Month Ended July 31, 2010

Particulars $ $

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Wages Expense 2,600 (2)

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3 years ago

Tiggie’s Dog Toys, Inc. reported a debt-to-equity ratio of 1.75 times at the end of 2018. If the firm’s total assets at year-end

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Answer:

Total debt is $15.91million

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Debt-to-equity ratio relates to how a firm is financing its operations through debt versus shareholders' equity(owners' fund)

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Debt-to-equity ratio = 1.75times

Total assets =$25 million

We know the Equity = Asset - liability(debt)

We can rewrite the equation as:

Debt-to-equity ratio = Total debt/asset - debt

Let's represent debt as 'y'

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3 years ago

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