All categories

3 years ago

Assets are equal to

Business

2 answers:

LekaFEV [45]3 years ago

8 0

C. Liabilities + owner’s equity

rosijanka [135]3 years ago

5 0

C. Liabilities + owner's equity

You might be interested in

One of your customers is delinquent on his accounts payable balance. youâve mutually agreed to a repayment schedule of $660 per

Ahat [919]

N=log((1−14,880×0.0106÷660)^(−1))÷log(1+0.0106)=25.9 months

5 0

3 years ago

Lacy's Linen Mart uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: be

faust18 [17]

Answer:

Best estimate for inventory =$70,764.85

Explanation:

The closing inventory value at retail

= (Opening inventory + Purchases - sales) all in retail prices

= $123,000 + $483,000 - 493,000.

= 113000

Closing inventory value at cost

=113,000 × (64,500 + 315,000)/(123,000 + $483,000)

=70,764.85

Best estimate for inventory =$70,764.85

4 0

3 years ago

If 7000 dollars is invested in a bank account at an interest rate of 7 per cent per year, Find the amount in the bank after 14 y

Harlamova29_29 [7]

Answer:

1. Interest compounded annually = $18,049.74

2. Interest compounded quarterly = $18,493.77

3. Interest compounded Monthly = $18,598.16

4. Interest compounded continuously = $18,651.19

Explanation:

First let me state the formula for compound interest:

The future value of a certain amount which is compounded is the total amount (Principal + interest) on the amount of money, after compound interests have been applied, and this is shown below:

FV = PV $(1+\frac{r}{n} )^{n*t}$

where:

FV = Future value

PV = Present value = $7,000

r = interest rate in decimal = 0.07

n = number of compounding periods per year

t = compounding period in years = 14

For interests compounded continuously, the Future value is given as:

FV = PV × $e^{r*t}$

where

$e$ is a mathematical constant which is = 2.7183

Now to calculate each on the compounding periods one after the other:

1. Interest compounded annually:

here n (number of compounding periods annually) = 1

Therefore,

FV = 7,000 × $(1+\frac{0.07}{1})^{14}$

FV = 7,000 × $1.07^{14}$ = $18,049.74

2. Interest compounded quarterly:

here, n = 3 ( there are 4 quarters in a year)

FV = 7,000 × $(1+\frac{0.07}{4} )^{4*14}$

FV = 7,000 × $1.0175^{56}$ = $18,493.77

3. Interest compounded Monthly:

here n = 12 ( 12 months in a year)

FV = 7,000 × $(1+\frac{0.07}{12} )^{12*14}$

FV = 7,000 × $1.005833^{168}$ = $18,598.16

4. Interests compounded continuously:

FV = PV × $e^{0.07 * 14}$

FV = 7,000 × 2.66446 = $18,651.19

3 0

3 years ago

Fuzzy Tail Industries produces wooden picnic tables for fuzzy creatures (hamster and squirrel size are its most popular products

scoray [572]

Answer:

7.5 Years

Explanation:

The computation of the payback period of the given machine is shown below:

<u>Year Initial outflow Cash flow Cumulative cash flow</u>

(52000)

1 10,000 10,000

2 10,000 20,000

3 10,000 30,000

4 8,000 38,000

5 8,000 46,000

6 2,000 48,000

7 2,000 50,000

8 4,000 54000

9 4,000 58000

10 4,000 62000

Now the Payback period is

= Completed years+ required cash ÷ annual cash inflow

= 7 years + 2000 ÷ 4000

= 7.5 Years

5 0

3 years ago

The stockholders of a construction firm decide to start a steel company, but they want to have limited liability. After completi

Serga [27]

Answer:

Corporation

Explanation:

The stockholders of then firm want to start a Corporation ,

Corporation -

It is the group of people or an organisation , which is authorized by the state

as a single association .

The stockholders want to start a steel company , but have limited liability . Hence ,

They started the process after the completion of the plan , and payed the fees to the state government .

5 0

4 years ago