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Ad libitum [116K]
3 years ago
6

Total assets minus total liabilities is equal to the _____. a. net worth b. retained earnings c. accounting profits d. dividends

payable
Business
1 answer:
nikklg [1K]3 years ago
6 0

Answer:

a. net worth

Explanation:

For this question, we applied the accounting equation which equals to

Total assets = Total liabilities + stockholder equity

Since the question said that

Total assets - total liabilities = ?

So, by use the above accounting equation

The Total assets - total liabilities = Net worth

Hence, the most appropriate option is a.

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Tri-state Financial Corporation hires Uri, a real estate agent, to locate investment properties for Tri-state. Uri learns of a w
zlopas [31]

Answer:

A.the agent's fiduciary duties to the principal.

Explanation:

  • Uri breaks the agent's duty to obey the principal. An agent must act in the best interests of the principal and not in the best interests of his or her own.
  • The agent is paid to act on behalf of the principal, and by taking advantage of his position, the agent expressly terminates his contract with the principal. Therefore, the principal can sue the agent and recover damages.

6 0
3 years ago
What is the economic importance of the Great Smokey Mountains?
romanna [79]
It creates great local economic benefits through national park tourism - number of park visitors, money visitors spend in the park area (lodging, dining, etc.). Additionally, it may have impacts on creating more jobs, which help develop a comprehensive economic ecosystem. See attached. The Great Smoky Mountains!
 

3 0
3 years ago
Eduardo is currently involved in FBLA (Future Business Leaders of America). He has dreams to work on Wall Street. Assuming he wi
jarptica [38.1K]

Answer:

sag

Explanation:

not sure

6 0
3 years ago
Assuming a FICA tax rate of 7.65% on the first $127,200 in wages, 1.45% on amounts in excess of $127,200, and a federal income t
Lelechka [254]

Answer:

$154524

Explanation:

If a federal tax rate is 20% on all wages then we subtract that amount from the total wage of $206000 for the year

20% from $206000 is $41200

$206000 - $41200 = $164800

We have deducted the federal tax rate and got the amount $164800

After we apply the FICA tax rate of 7.65% on the amount $127200 we get

7.65% of $127200 is $9730,8 so the first amount we have to remember is

$127200 - $9370,8 = $117469,2

Regarding the amount that excess $127200 that amount stands at

$164800 - $127200 = $37600

We apply the 1.45% rate to the amount $37600

1.45% of the $37600 is $545,2 so the second amount we have to remember is

$37600 - $545,2 = $37054,8

We now simply add the two calculated amounts

$117469,2 + $37054,8 = $154524

So the net pay for the year is $154524

7 0
4 years ago
Analysis reveals that a company had a net increase in cash of $22,750 for the current year. Net cash provided by operating activ
aalyn [17]

Answer:

The correct answer = $5,000

Explanation:

First of all, let us find the difference between the total cash provided and the total cash used up within the period:

Total cash provided = operating activities + financing activities

Total cash provided = 20,500 + 13,500 = $34,000

Total cash used up = investing activities = $11,250

Retained balance from the activities of the period = Total cash provided - Total cash used up

= 34,000 - 11,250 = $22,750

Retained balance from the activities of the period = $22,750

However, we are told that the year-end cash balance = $27,750. This means that the excess cash on the retained balance from operating activities within the period is from the beginning cash balance, and this is calculated as follows:

year-end cash balance = Retained balance from the activities  + beginning cash balance

27,750 = 22,750 + beginning cash balance

∴ beginning cash balance = 27,750 - 22,750 = $5,000

∴ beginning cash balance = $5,000

5 0
3 years ago
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