1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
natima [27]
4 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]4 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

You might be interested in
How would I go about solving question one?
inessss [21]
But where is the question so I can help you?
3 0
4 years ago
Most state and local income taxes are either... (insert big wrinkle response here).
sweet-ann [11.9K]

Answer:

.progressive or regressive.

Explanation:

8 0
3 years ago
Read 2 more answers
Suppose the economy starts off producing Natural Real GDP. Next, aggregate demand rises, ceteris paribus. As a result, the price
julsineya [31]

Answer:

The answer is (A) higher than it was in short-run equilibrium.

Explanation:

5 0
3 years ago
Which method of evaluating capital investment proposals uses present value concepts to compute the rate of return from the net c
Elena L [17]

Answer:

Internal rate of return

Explanation:

The internal rate of return is that return in which the net present value equivalent to zero

i.e.

Net present value = 0

That means

Initial investment = Present value of cash inflows after charging the discounting factor like 10% 12% etc

So as per the given situation, the internal rate of return is the correct answer

3 0
3 years ago
At the beginning of the year, Vaughn Manufacturing estimates annual overhead costs to be $2400000 and that 300000 machine hours
anastassius [24]

Answer:

The amount of overhead applied during the year is $2,680,000

Explanation:

For computing the amount of overhead applied, the following computations are required which is shown below:

1. Compute the overhead cost per machine hour:

The formula is shown below:

= Annual overhead cost ÷ machine hours

= $2,400,000 ÷ 300,000

= $8

Now the amount of overhead applied equals to

= Actual machine-hours × overhead cost per machine hour

= 335,000 hours × $8

= $2,680,000

7 0
3 years ago
Other questions:
  • Salt Corporation, a 80%-owned subsidiary of Peanut Corporation, sold inventory items to its parent at a $48,000 profit in 20X2.
    11·1 answer
  • Colombia has an absolute advantage in producing coffee relative to the United States.
    5·1 answer
  • Explain why buying a foreign car made abroad for $50,000 increases consumption by $50,000, but does not increase GDP.
    9·1 answer
  • Which of the following assumptions is accurate and should be considered by anyone who wants to start a business?
    5·2 answers
  • Fischer company makes small metal containers. the company began october with 300 containers in process that were 35 percent comp
    9·1 answer
  • The market for footballs is perfectly competitive. If all else is held constant and the price of leather decreases, we would exp
    8·1 answer
  • Sorry that wasn't the right answer but I love the effort you put into it!
    9·1 answer
  • Would this topic be studied in microeconomics or macroeconomics: If the amount of money in the economy increases more than the a
    14·1 answer
  • Suppose you are planning a summer vacation and book a hotel room online for $149 a night. However, when you get to the reservati
    13·1 answer
  • Globalization has affected developed countries by encouraging new products. providing a solid consumer base. turning their focus
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!