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Anon25 [30]
3 years ago
8

The total assets and the total liabilities of a business at the beginning and at the end of the year appear below. During the ye

ar, $50,000 of dividends were paid and $35,000 cash received in exchange for common stock. Assets Liabilities Beginning of year $295,000 $190,000 End of year 355,000 220,000 The amount of net income for the year was Group of answer choices $45,000 $40,000 $85,000 $135,000
Business
1 answer:
Serjik [45]3 years ago
6 0

Answer:

Net Income = $45000

Explanation:

The basic accounting equation states that the value of assets is always equal to the sum of the values of liabilities and equity.

Total Assets = Total Liabilities + Total equity

At the beginning of the year:

295000 = 190000 + Total equity

Total Equity = 295000 - 190000

Total Equity = $105000

The net income earned during the year is appropriated in two ways. It is either retained in the business and transferred to retained earning or paid out as dividends or both. Transfer to retained earnings from net income increases equity.

At the end of the year:

355000 = 220000 + Total Equity

Total Equity = 355000 - 220000

Total Equity = $135000

Ending balance of equity = Opening balance of Equity + issuance of equity(Common stock) + Net Income - Dividends

135000 = 105000 + 35000 + Net Income - 50000

135000 = 90000 + Net Income

Net Income = 135000 - 90000

Net Income = $45000

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The full disclosure principle requires a balance between_______________.
N76 [4]

Answer:

Relevance and cost effectiveness  

Explanation:

Full disclosure principle means that a business should report all the relevant and necessary information regarding their financial statement to the people who are accustomed to reading it as not disclosing full information might affect the readers understanding.

It prevents any lack of information from the business's financial information and helps to ensure that  creditors, stakeholders and investors are aware of all the relevant information while making key decisions that affect the company.

Not disclosing all the information could manipulate the companies financial statement and it may look stronger that it really is.

3 0
3 years ago
In a within-groups design, each participant experiences all levels of the –. There are two types of this design. The first is th
kati45 [8]

In a within-groups design, there are two types of this design which are:

  • The repeated-measures design
  • The concurrent-measures design

<h3>What is  within-groups design?</h3>

A within-groups design is known to be a kind of an experimental design that is one where each participant is said to often experiences the total levels of the independent variable.

Note that there are two types of this design which is the repeated-measures design whose role is to measure or one  where participants are said to be opened to a lot of levels of the independent variable and they are known to be tested on the dependent variable after every exposure.

The second is said to be the concurrent-measures design and this is one where participants are said to communicate with the different levels of the independent variable in a simultaneous way..

Hence, In a within-groups design, there are two types of this design which are:

  • The repeated-measures design
  • The concurrent-measures design

Learn more about concurrent-measures design  from

brainly.com/question/25662476

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8 0
2 years ago
For what range in marginal cost will the firm continue to charge a price of $60?
hammer [34]

Range for marginal cost  =  $20 to $50

Since at the price of $60 total Marginal revenue on demand curve two  =  $20

 Total Marginal revenue on demand curve on =$50

Hence $60 for the product is optimum for the range of marginal cost from $20 to $ 50.

Since the optimum level of price is where marginal cost is equal to marginal revenue.

The marginal cost of production includes all costs that vary with that level of production. For example, if a company needs to build an entirely new factory to produce more goods, the cost of building the factory is the marginal cost.

Marginal Cost = Change in Total Cost / Change in Quantity. Change in Total Cost = Total Cost of Manufacturing Including Additional Units – Total Cost of Manufacturing Regular Units. Quantity Change = Full Quantity Product with Additional Units - Full Quantity Product in Regular Units.

Learn more about Marginal Cost here: brainly.com/question/17230008

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5 0
2 years ago
Which of the following is likely to shift the supply curve right?
yaroslaw [1]

Answer:

A technological improvement that reduces costs of production will shift supply to the right, so that a greater quantity will be produced at any given price. Government policies can affect the cost of production and the supply curve through taxes, regulations, and subsidies.

What are five things that will shift a supply curve to the right?

changes in non-price factors that will cause an entire supply curve to shift (increasing or decreasing market supply); these include

1) the number of sellers in a market,

2) the level of technology used in a good's production,

3) the prices of inputs used to produce a good,

4) the amount of government regulation, ...

Correct me if this is wrong, Hope this helps

#Carryonlearning

5 0
2 years ago
Which financial transaction is associated with the home rental process?
Bezzdna [24]
During a home rental process you must place a security deposit down in order to rent the home. You also sometimes will have to pay a couple months rent in advance.
3 0
3 years ago
Read 2 more answers
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