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ioda
3 years ago
9

Consider the following account balances of Evan McGruder, Inc., as of December 31, Year 3:

Business
1 answer:
Vlad [161]3 years ago
6 0

Answer:

Explanation:

In the classified balance sheet, we summarize the asset and liabilities into various types

Like assets are divided into fixed assets, current assets, and intangible assets.

Likewise, liabilities are also divided into current liabilities, long term liabilities

In every balance sheet, the accounting equation is used that means

Total assets = Total liabilities + Shareholder equity

The preparation of the classified balance sheet for Evan McGruder, Inc. on June 30, Year 3 is presented in the spreadsheet. Kindly find the attachment below:

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Other things the same, as the price level decreases it induces greater spending on a. both net exports and investment. b. net ex
Marina CMI [18]

Answer:

Here the correct option is A) both net export and investment.

Explanation:

When ever there is fall in the price level, it causes a fall in the price of domestic exports to other nations and on the other hand causing rise in price of foreign imports from other nations , so from this it results in the increase in exports and decrease in import of the nation, which leads to increase in net export ( which is export - import ). When there is decrease in price level,  making investment would become cheaper and more investment could be made in the opportunities available.

3 0
3 years ago
Hickory point amusement park sells admission tickets for $50 per person for one visit. variable costs are $15 per visitor and fi
Kay [80]
First, calculate for the total operating cost of the park through the equation,

   TC = TV + TF

where TC is the total cost,
     TV is the total variable cost which is equal to the product of the variable cost per visitor and number of visitor, and
     TF is the total fixed cost. 

Substituting the known values,
    TC = ($15)(1,750,000) + $60,000,000 = $86,250,000

Then, the total revenue is the product of the cost of ticket and the number of visitors.
     TR = ($50/visitor)(1,750,000 visitors) = $87,500,000

Subtracting the two values will give us an answer of $1,250,000.

ANSWER: $1,250,000
4 0
3 years ago
Management of Mcgibboney Corporation has asked your help as an intern in preparing some key reports for November. The beginning
harkovskaia [24]

Answer:

$87,000

Explanation:

Calculation of the conversion cost for November.

Conversion cost can be defined as the combination of both direct labor costs and manufacturing overhead costs that are vital to help convert raw materials into product.

Using this formula

Total Conversion cost = Direct labor cost + Manufacturing overhead cost

Hence,

Direct labor cost $25,000

Add Manufacturing overhead cost $62,000

Total Conversion cost $87,000

Therefore the conversion cost for November is $87,000

4 0
3 years ago
A person wants to invest $10,000 into stocks: a high tech company (T) with an expected annual return of 12% and a risk index of
Lelu [443]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document. Last version.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
7 0
3 years ago
Hi I need help with this question. I don't know what I'm doing so I hope you can explain how to solve it. Thank you in advance.
lora16 [44]
Invest into 3D printing organs you will become a million trust me
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