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Jet001 [13]
3 years ago
12

Midyear on july 31st, the baldwin corporation's balance sheet reported: total assets of $166.859 million total common stock of $

5.080 million cash of $8.040 million retained earnings of $36.411 million. what were the baldwin corporation's total liabilities?
Business
1 answer:
Nata [24]3 years ago
4 0
In the balance sheet, in order to account for the money or amounts that go to an fro in the sheet, we use the equation,
              NW = As - Li
where NW is the networth, As is the asset, and Li is liabilities.

From the given above, the total asset (As) is given to be $166.859M. The net worth is equal to the sum of the common stock, cash, and retained earnings.
             Networth = ($5.080 M) + ($8.040 M) + ($36.411 M)
            Networth = $49.531

The the equation above, we may derive the equation for liability by transposing,
                Li = Asset - Networth
                Li = ($166.859 M) - ($49.531 M)
                Li = $117.328

Hence, the total liability is equal to $117.328. 
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Answer:

$24,000

Explanation:

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Based on the above information, the revenue should be reported on the income statement at the $24,000 as this amount represent the sale value of the videos to its customers and hence, the same is to be considered

Hence, 24,000 would be reported as a revenue in the income statement

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3 years ago
The legal definition of "small business" varies by country and by industry. In the United States, the Small Business Administrat
tamaranim1 [39]

Answer:

Leasing as a capital financing is an alternative for small business for three important reasons: better technology, better capital management and tax incentives.

Explanation:

1. Better technology for the business.

Instead of buying the equipment, a lease is a better option because allows the organization to use cutting edge technology for the operation of a business.

2. Better capital management.

Buying machinery is a capital-intensive activity. Leasing let use the same machinery by less amounts of money and invest capital in other useful activities for the organization.

3. Tax benefits

Leasing is  tax deductible. Reducing the fiscal pressure over the small business.

6 0
3 years ago
BTC, a consulting company with offices across the United States, began an employee discussion forum on its website. A few employ
AnnZ [28]

Answer:

c) moderators.

Explanation:

Since BTC doesn't want to limit employee interaction, but at the same time, it would like to limit what employees can write. The use of moderating features of a discussion forum through the service of a moderator will help them achieve this effectively and efficiently.

A moderator is a neutral individual who has the sole responsibility and skill set to preside and regulate discussions, by ensuring participants do not stray off from the subject matter and the time allotted to them.

4 0
3 years ago
What is considered one of the most common mistakes made by North American companies when trading with a Middle Eastern company?
Maurinko [17]

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Explanation:

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  • North Americans are known to have a good trading relationship with many nations through out the world.
  • But the failed to maintain a healthy and good trading relationship with Middle eastern companies such as UAE etc.
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Hence their trading with North americans failed.

6 0
3 years ago
Lee worked 22 hours this week and made $132. if she works 15 hours next week at the same pay rate, how much will she make?
Bogdan [553]
You do:

132 divided by 22 to calculate the daily wage. The answer is 6. Next you do 15x6 which equals 90. Therefore, the answer is $90
6 0
3 years ago
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