Answer:
C. $56,700
Explanation:
From the accounting equation which shows the relationship between the elements of a balance sheet namely;asset, liabilities and equity.
Asset = liabilities + equity
Total assets = $15,000 + $12,300 + $3,100 + $35,000 = $65,400
Total liabilities = $8,700
Stockholders’ equity = $65,400 - $8,700
= $56,700
The stake of the owners of the company is $56,700
An invention is the name given to the development of a new good.
<h3>What an invention?</h3>
Invention refers to the process of creating something that has never been made. It is a unique or novel device, method, composition or process.
An invention uses technology to solve a specific problem hence the name given to the development of a new good.
Examples of invention includes:
- Manufacturing of Telephone.
- Manufacturing of printing press.
Therefore, the name given to the development of a new good is called invention.
Learn more about invention here : brainly.com/question/23538626
Answer:
Adjusting Entries
December 31
Dr. Insurance Expense $2,000
Cr. Prepaid Insurance $2,000
December 31
Dr. Supplies Expense $8,200
Cr. Supplies account $8,200
Explanation:
On December 31, six months have been accrued and all of the amounts of prepaid insurance became accrued. hence it will be recorded as an expense.
Now calculate the supplies expense using the following formula
Supplies expense = Beginning Supplies + Purchases during the year - Ending Supplies = $6,600 + $2,800 - $1,200 = $8,200
Answer:
The correct answer is option C.
Explanation:
A decrease in the money supply would reduce the availability of credit in the market. The money supply curve will shift to the left. This would further cause the interest rate to increase.
This increase in the interest rate would increase the cost of borrowing. As a result, the cost of borrowing will increase. This will cause the planned investment to decline.
Since investment expenditure is a component of aggregate demand, a decline in the investment will cause the aggregate demand to decrease as well.
