All categories

3 years ago

Determine the missing amount for each of the following:

Business

1 answer:

Alja [10]3 years ago

4 0

Answer:

(a) $3,930,000

(b) $386,200

Explanation:

(a) Assets = Liabilities + Owner's Equity

Assets = $556,000 + $3,374,000

= $3,930,000

(b) Assets = Liabilities + Owner's Equity

$6,111,200 = Liabilities + $5,725,000

Liabilities = $6,111,200 - $5,725,000

= $386,200

$2,150,000 = $812,500 + Owner's Equity

Owner's Equity = $2,150,000 - $812,500

= $1,337,500

You might be interested in

In comparison to the buying pattern of final consumers, the purchasing behavior of organizational buyers is

Jet001 [13]

Answer:

first and foremost influenced by the economic needs that they have for quality and reliability.

Explanation:

Based on the information provided within the question it can be said that the the purchasing behavior of organizational buyers is first and foremost influenced by the economic needs that they have for quality and reliability. Since consumers want to purchase a product they can trust that will not fail after purchase and will get the job that it is suppose to do, done.

3 0

3 years ago

Read 2 more answers

If the month-end bank statement shows a balance of $36,000, outstanding checks are $10,000, a deposit of $4,000 was in transit a

Misha Larkins [42]

Answer:

c) $30,600

Explanation:

Bank statement balance = $36,000

Outstanding checks = ($10,000)

Deposit in transit as at month end = $4,000

Erroneous check charged = $600

Correct balance in the bank account = $36,000 - $10,000 + $4,000 + $600

= $30,600

The right option is c) $30,600

3 0

3 years ago

A city government uses eminent domain to seize property for a new public high school complex. Which of the following statements

Evgesh-ka [11]

Answer:hi

Explanation:

The format for the equation of a circle is (x-h)^2+(y-k)^2=r^2, where (h,k) is your center and r is your radius. All we have to do is substitute the correct values, giving us the equation (x+2)^2+(y-1)^2=4

7 0

3 years ago

The "law of demand" refers to the fact that, other things remaining the same, when the price of a good rises, A. the demand curv

nadya68 [22]

Answer:

B. there is a movement up along the demand curve to a smaller quantity demanded.

Explanation:

Based on the laws of demand, if the price of the good rises the quantity demanded of that good would be reduced keeping other things constant and if the price of the good declines the quantity demanded of that good would be raised keeping other things constant.

It represents the inverse relation between the price and the quantity demanded of the good

Therefore the quantity demanded get decreased with the price

3 0

3 years ago

On October 1, Robertson Company sold inventory in the amount of $5,800 to Alberta, Inc. with credit terms of 2/10, n/30. The cos

NeTakaya

Answer:

Option (d) is correct.

Explanation:

Given that,

Inventory sold to Alberta, Inc. on account = $5,800

Cost of goods sold = $4,000

The journal entries are as follows:

(i) On October 1,

Accounts receivable A/c Dr. $5,800

To sales A/c $5,800

(To record the credit sale of inventory)

(ii) On October 1,

Cost of goods sold A/c Dr. $4,000

To Merchandise inventory A/c $4,000

(To record the cost of goods sold)

4 0

3 years ago