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Nikolay [14]
3 years ago
8

A firm has fixed assets of $28,000, long-term debt of $12,000, current liabilities of $4,000, current assets of $5,000 and equit

y of $17,000. What is the total of the assets side of the balance sheet of the firm
Business
1 answer:
SVEN [57.7K]3 years ago
8 0

Answer:

$33,000

Explanation:

assets = liabilities + stockholders' equity

assets include current assets + non current or fixed assets = $5,000 + $28,000 = $33,000

liabilities and stockholders' equity include current liabilities + long term liabilities + equity = $4,000 + $12,000 + $17,000 = $33,000

both sides of the accounting equation must always be equal, that is meant by balance.

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What would be the return on total assets of a firm if net income is $50,000, total sales are $100,000, and total assets are $175
lesantik [10]

Answer: 28.6%

Explanation:

The return on the total asset of a firm will be calculated as the net income divided by the total asset and this will be:

=Net income / Total assets

=50,000/175,000

=28.6%

Therefore, return on total asset is 28.6%

7 0
3 years ago
Your latest shipment of chicken has some items with usda stickers and some items with usda grade stamps. what is the difference
Ket [755]
USDA actually has several stickers/labels/stamps that could have different meanings. However, the sticker most likely indicates that the chicken has passed for inspection while the grading stamp means that the poultry processor also requested to have the quality of the chicken evaluated and graded.

The USDA has separate programs for the inspection and for the grading of meet. The former is mandatory and guarantees the wholesomeness of the meat. This means that the animal from which the meat was taken from is not diseased and that the meat is clean and fit for human consumption. Inspection programs are paid for by public funds. 

However, USDA also has a grading program, which is paid for by the meat processors. The grading program checks and classifies the meat according to its quality (e.g. flavor, juiciness, and tenderness). Poultry with a Grade A poultry for example is one which does not have "defects" such as feathers, discoloration and bruising. 
5 0
3 years ago
Read 2 more answers
At the end of the accounting period, Isaac Company had a balance of $4,000 in its common stock account, additional paid in capit
Greeley [361]

Answer:

The total amount of stockholders' equity is: $10,000

Explanation:

The accounts and values included in stockholders' equity are:

  • Common stock           4,000 (1)
  • Paid in capital             4,000 (2)
  • Treasury stock           -1,000 (3)
  • Retained earnings     <u> 3,000 (4)</u>

Total stockholders' equity  10,000

1 - Nominal value of outstanding shares.

2- Difference between the price paid by stockholders when shares were issued and nominal value.

3- Shares recovered by the company.

4- Earning accumulated by the company.

7 0
3 years ago
Nick won $1000 lottery prize He can't decide what he should spend the money con buy a console, a bike ,a watch or a trip . He gi
NeTakaya

Answer: Console

Explanation:

Opportunity cost is what one forgoes in order to get somethings else. Opportunity cost is as a result of limited resources hence a choice has to be made.

From thw question, we are told that

Nick won $1000 lottery prize and he can't decide what he should spend the money on buy as he wanted a console, a bike ,a watch or go on a trip. We are further told that he gives up the bike and the watch but he really wants the console and that in the end he saves it all for the trip.

The opportunity cost here is the console. He wasn't really interested in the bike or watch but he really as very interested in the console and he eventually gave up on the console for the trip.

3 0
3 years ago
According to boatright, what are the difficulties facing the stakeholder position?
skelet666 [1.2K]

The requirements and expectations of all the stakeholders are the focus of stakeholder management, yet a fundamental error that occurs is the undersatisfaction of all stakeholder groups.

<h3>Who Are the Stakeholders?</h3>

A stakeholder is a person, group, or organization whose interests are affected by a project's or business venture's outcome. The success of the project is important to stakeholders, who may be inside or outside the sponsoring company. Stakeholders are crucial since their decisions can have a good or negative impact on the project. There are other important stakeholders whose backing is required for the project to proceed.

Like every other participant in the project, a stakeholder is a person, but some are simpler to manage than others. Stakeholder mapping techniques must be learned if you want to find out who your main stakeholders are and make sure you are meeting their needs.

To know more about stakeholder visit:

brainly.com/question/14514176

#SPJ4

8 0
1 year ago
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