$2712000 are the creditors’ claims on their assets.
The given assets = $4393000, common stock = $1077000, retained earnings = $604000, creditor's = ?
libilities = assets
creditors + common stock + retained earnings = assets
creditors + $1077000 + $604000 = $4393000
creditors + $1681000 = $4393000
creditors = $4393000 - $1681000
creditors = $2712000
Hence, creditors' claim on their assets is $2712000.
Still, a car is an assets if it's cheaper than what you paid for it because it's readily available on the market and can be turned into cash. That alone, by definition, makes it an asset. It's these additional costs and constant depreciation that make a car worthless.
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Answer:
Quarterly dividend (D) = $0.75
Annual return (Ke) = 10.5% = 0.105
Quarterly return = 0.105/4 = 0.02625
Current market price = <u>Quarterly dividend</u>
Quarterly return
=<u> $0.75</u>
0.02625
= $28.57
Explanation:
Current market price is the ratio of quarterly dividend paid divided by quarterly return.
Answer:
C. Expenditures
Explanation:
Based on the information provided within the question it can be said that the Parks Department should use an expenditures account to record these billings. Expenditures refers to the action of spending funds to purchase goods or services on behalf of the company. Such purchases can include vehicle rentals like what was billed for the Parks Department.
Answer:
19.) b, d
20.) d, a
21.) d, c
22.) a
23.) c
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In 2016, Bubble Inc. had net income of $500,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000. In 2017, Bubb
victus00 [196]
Answer:
No
Explanation:
The computation of the return of assets is calculated by applying the formula which is shown below:
Return on assets = Net income ÷ assets
In 2016, the return on assets would be equal to
= $500,000 ÷ $5,000,000
= 0.1
In 2017, the return on assets would be equal to
= $600,000 ÷ $7,000,000
= 0.085
By comparing the return on assets for both the years, we get to know that the return on assets is declining from 2016 to 2017
