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kumpel [21]
3 years ago
9

Which of the following balance sheet equations is​ INCORRECT? A. Assets minus Current liabilities​ = Longminusterm liabilities​

+ Shareholders' equity B. Assets​ = Liabilities​ + Shareholders' equity C. Assets minus Current liabilities​ = Longminusterm liabilities D. Assets minus Liabilities​ = Shareholders' equity
Business
2 answers:
babunello [35]3 years ago
6 0

Answer:

Option C is incorrect because the correct equation is as under:

Assets = Equity + Liability......................Equation1

And

Liabilities = Current Liability + Long term Liability

By putting values in the equation we have:

Assets = Equity + Current Liability + Long term Liability

Now placing Current liabilities on left side would change its sign:

Assets - Current Liability = Equity + Long term Liability

So the option C is incorrect.

Kipish [7]3 years ago
5 0

Answer:

C

Explanation:

This balance sheet equation is incorrect, Assets minus Current liabilities​ = Longminusterm liabilities

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The publisher is __________. The publishing date is __________. The author is __________.
Rina8888 [55]

Answer:

Houghton Mifflin Company . . . 2002 . . . Robert Overholtzer

Explanation:

A well-known publisher named "Houghton Mifflin Company" published and issued a book known as 'Courage for the earth'. Since year 2oo2 the book was written and composed by the great writer of the books known as Robert Overholtzer. He use to be passionate about writing books for humankind, his thinking was to guide humankind through his books. So this is also one of the book that had been written by him.

7 0
3 years ago
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The ________ is the difference between merchandise imports and exports and a measure of a country's international trade in goods
Levart [38]

Answer:

balance of trade

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Basically, trade can be categorized into two (2) main groups and these are;

I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.

II. Export: it involves the sales of goods produced in a domestic country to a foreign country.

In Economics, a balance of trade is a measure of the difference between merchandise imports and exports, as well as a country's international trade in goods. Thus, it's a measure of the difference between the monetary value of the import and export of goods of a country over a specific period of time.

3 0
3 years ago
For financial managers to be socially responsible, it is necessary that they:
Arte-miy333 [17]
The correct answer that would best complete the given statement above is: MAKE A LONG TERM COMMITMENT TO THE NEEDS OF STAKEHOLDERS. For <span>financial managers to be socially responsible, it is necessary that they make a long term commitment to the needs of stakeholders. Hope this answer helps. </span>
7 0
3 years ago
The monthly rate of return on T-bills is 1%. The market went up this month by 1.5%. In addition, AmbChaser, Inc., which has an e
a_sh-v [17]

Answer:

a; 3%

b; 1%

Explanation:

To answer the question, we proceed as follows;

Firstly, we compute the rate of return:

The rate of return can be calculated using the CAPM model:

According to CAPM,

Rate Of return RE = Rf + β(Rm - Rf)

where, Rf = Risk free rate

Rm = Market return

β = Risk co-efficient

RE = Cost of equity

To find the rate of return, substitute 1% for risk free rate, 1.50% for market return and 2 for beta.

Applying the CAPM model, we get;

Rate of return = 0.01 + 2(0.015 - 0.01)

= 0.02 or simply 2%

Its firm's return due to the lawsuit is $1 million per $100 million initial equity; this means the increase is 1%.

Therefore, the total return should be ;

Total return = 1% + 2% = 3%

If the settlement was expected to be $2 million and the actual settlement has a loss of $1 million, then the firm-specific return would be = 1%

Total return = 2% - 1%

6 0
3 years ago
Read 2 more answers
According to the Food and Drug Administration, "...the ultraviolet (UV) radiation from these devices [sunlamps and tanning beds]
Sonbull [250]

Answer:

B. shift the demand curve leftward for tanning

Explanation:

According to the Food and Drug Administration, "...the ultraviolet (UV) radiation from these devices [sunlamps and tanning beds] poses serious health risks." As a result of reading this, the local mayor decides to introduce legislation that will put a 10% excise tax on tanning consumers. From an economic point of view, this will________

A. shift the demand curve rightward for tanning.

B. shift the demand curve leftward for tanning.

C. shift the supply curve rightward for tanning.

D. move down along the demand curve for tanning.

The excise tax is a legislated form of tax on specific goods and services at purchase; an indirect type of indirection taxation imposed on the manufacture, sale or the use of certain type of good and products. They are often levied upon goods services such as cigarettes, gasoline,alcohol, tobacco and gambling. They are considered unnecessary goods and services, Taxes are levied on them to raise their price and in order to reduce the amount they are been used.

The local mayor decides to introduce legislation that will put a 10% excise tax on tanning consumers in order to lower the demand for these devices

Consumer will now need to pay higher tax in addition to the price they will pay for the device, this is make people to tan less because of the extra cost. this will lead to a shift in the demand curve

4 0
3 years ago
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