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natima [27]
3 years ago
11

A company reported total equity of $161,000 at the beginning of the year. The company reported $226,000 in revenues and $173,000

in expenses for the year. Liabilities at the end of the year totaled $100,000. What are the total assets of the company at the end of the year
Business
1 answer:
Bond [772]3 years ago
3 0

Answer:

$314,000

Explanation:

The computation of total assets is shown below:-

Total equity = $161,000

Revenue = $226,000

Expenses = $173,000

Liabilities at the end of the year = $100,000

Income of the year = $226,000 - $173,000

= $53,000

Total assets of the company at the end of the year = (Total Stock Holders Equity) + Total Liabilities

=(Total equity at the beginning of the year + Income for the year ) + Liabilities at the end of the year

= $161,000 + $53,000 + $100,000

= $314,000

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During May, Darling Company incurred factory overhead costs as follows: indirect materials, $2,250; indirect labor, $6,370; util
Hunter-Best [27]

Answer:

factory overheads $14,600 (debit)

indirect materials, $2,250 (credit)

indirect labor, $6,370 (credit)

utilities cost, $2,660 (credit)

factory depreciation, $3,320 (credit)

Explanation:

The factory overheads account is debited with factory overheads actually incurred during the period.

Overheads applied to work in process are credited in the overheads account.

This leaves the balance of over or under-applied overheads on either the debit or credit of this account.

4 0
3 years ago
Discretionary fiscal policy that might occur is​ ______. Automatic fiscal policy that might occur is​ ______. A. a decrease in t
qaws [65]

Answer: a decrease in government expenditure and an increase in taxes by a decision of​ Congress; a decrease in transfer payments and an increase in taxes with no interference by Congress (D)

Explanation:

Discretionary fiscal policy is a government policy that changes government spending or taxes. The purpose of discretionary fiscal policy is to either expand or shrink the economy. It needs approval from the Congress and President. Its examples are increases in spending on bridges, roads, stadiums etc.

Automatic fiscal policy use spending in the form of taxes and transfer payments to automatically steady the economy. An example is when unemployed become eligible for the unemployment benefits after when losing their jobs during a recession.

4 0
3 years ago
I'll just give you the points lol
AlexFokin [52]

Answer:

i hope this is what you are looking for

Social Security number.

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Date of birth.

Security questions.

Contact information.

A promise to tell the truth.

Agreement to terms and conditions.

Authorized users.

7 0
2 years ago
A start-up company has developed some innovative products, but it has no marketing or advertising expertise. It hired The Tullen
rewona [7]

The Tullen Group is an example of a marketing intermediary as it is hired to design an advertising campaign that includes creating a web presence.

<h3>What is a marketing intermediary?</h3>

This refers to those independent firms that assist firms in the flow of goods and services from producers to end-users.

A typical example of a marketing intermediary includes:

  • the agents
  • the wholesalers
  • the retailers.

Also, these intermediary also functions as a link between manufacturers and customers in the distribution of products.

Hence, the Tullen Group is an example of a marketing intermediary as it is hired to design an advertising campaign that includes creating a web presence.

Read more about marketing intermediary

brainly.com/question/25689913

#SPJ1

8 0
2 years ago
Assume that ABC had a retained earnings balance of $10,000 on April 1, and that the company had the following transactions durin
Lostsunrise [7]

Answer:

ABC's retained earnings balance at the end of April is $11,400

Explanation:

The addition to retained earnings in the current month is revenue derived from providing services to customers minus the expenses such as rent and employee salaries

Net income for the month=$2,000+$900-$800-$700=$1400

Retained earnings at month end=opening retained earnings+net income

Retained earnings at month end=$10,000+$1,400=$11,400

8 0
3 years ago
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