1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stiks02 [169]
3 years ago
8

A company is obligated to pay its creditors $6,100 at the end of the year. If the value of the company's assets equals $5,800 at

that time, what is the value of shareholders' equity
Business
1 answer:
Korvikt [17]3 years ago
6 0

Answer:

The value of shareholders' equity is -$300

Explanation:

Shareholders' equity is the corporation's owners' residual claim on assets after debts have been paid.

Total assets= Total liability + shareholders' equity

Shareholders' equity = Total assets - Total liability

Shareholders' equity = $5,800 - $6,100

Shareholders' equity = -$300

You might be interested in
Use this end-of-period spreadsheet to answer the questions that follow. Finley Company End-of-Period Spreadsheet For the Year En
Alexeev081 [22]

Answer:

Explanation:

The retained earning are the earnings of the business organization which is earned until the date.

The net income or net loss would reflect in the statement of the retained earning account.

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

The journal entry is shown below:

Retained earnings A/c Dr $3,000

          To Dividend A/c $3,000

(Being dividend account is closed)

4 0
3 years ago
By using resources in an efficient and effective manner to reach organizational goals, managers may reach their ultimate respons
svlad2 [7]

Answer:

Performance

Explanation:

The ultimate responsibility of the manager is to accomplish the high performance that represent the attainment of the organization goals via using the resources in a best way i.e. efficient and effective manner

So the responsibility of the manager is to accomplish the high performance so that the company could attain its goals and objectives

3 0
2 years ago
Service, repair work, and accessories may be important considerations in a consumer's decision to purchase a particular shopping
xenn [34]

Answer:

True (1)

Explanation:

In deciding whether to buy a particular product, it is important to consider  below pertinent issues :

Serviceability : questions need to  be asked whether the product can be serviced regularly to keep it in usable condition and possible cost of servicing must as well  be considered.

Repairability  : Seller must be asked if the product is repairable in case it is faulty.

Accessories : Availability of accessories in the market must be confirmed from the seller in case we need to replace any part.

Failure to sort out above  issues before buying  may result in wasting of money at the end of the day even though product might have been bought  at a cheaper lock-in price.

6 0
2 years ago
You are attending college in the fall and you need to purchase a computer. You must finance the purchase because your parents wi
rodikova [14]

The correct answer is installment credit. The explanation is below.

Installment credit allows you to purchase an item and then pay for it in installments. The reason that this would be the best option for you is that you do not have the money now to make the purchase, but you are able to make smaller monthly payments in order to purchase a computer.

Installment credit is better than revolving credit for new borrowers. Revolving credit would allow you to charge additional purchases on your revolving credit account. The installment plan only finances one item, rather than like a credit card, which is how revolving credit works. You would not choose non-installment credit because this would require you to make this payment all at once in a short period of time. It would not allow you to spread the payments out over time.

3 0
3 years ago
Payback Period Payson Manufacturing is considering an investment in a new automated manufacturing system. The new system require
MrRissso [65]

Answer:

a. 4 years

b. 5 years

Explanation:

The payback period is the time taken for the cash inflows from an investment to equal to the initial cash outflow or amount invested. To get this, the cash inflow are deducted from the outflows until the net is zero.

Considering both expected cash flows (all amounts in $);

Period    Initial out flow   Inflow         Balance         Inflow         Balance

Year 0    (1,200,000)              0          (1,200,000)       0            (1,200,000)      

Year 1                             300,000       (900,000)    150,000     (1,050,000)

Year 2                            300,000       (600,000)    150,000     (1,050,000)

Year 3                            300,000       (300,000)    400,000     (1,050,000)  

Year 4                            300,000               0           400,000     (1,050,000)  

Year 5                                                                        100,000     (1,050,000)

From the table above, with an inflow of $300,000 yearly, the inflows would equal the total outflow in 4 years while the annual cash flows: $150,000, $150,000, $400,000, $400,000, and $100,000 would make the inflows equal to the outflows in 5 years.

3 0
3 years ago
Read 2 more answers
Other questions:
  • Barin Retail Outlets incorrectly recorded inventory in 2016. Rather than recording ending inventory as​ $960,000, Barin's accoun
    5·1 answer
  • Amy is purchasing a new car whose MSRP is $21,450. She is trading in her
    14·2 answers
  • Which of the following about associate's degrees are true? a. You may transfer part or all of your associate's degree courses to
    13·2 answers
  • Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $3.34 every year in perpetuity. If the
    14·1 answer
  • In the obsolescing bargain situation, bargaining power of the host country government will be stronger when the MNC has made lar
    5·1 answer
  • Wood Incorporated factored $165,600 of accounts receivable with Engram Factors Inc. on a without recourse basis. Engram assesses
    6·1 answer
  • Graham Company uses the​ percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $ 1
    10·1 answer
  • Valley Forge and Metal purchased a truck five years ago for local deliveries. Which one of the following costs related to this t
    9·1 answer
  • Your company purchases $50,000 of inventory from a wholesaler who allows you 45 days to pay. In addition, the wholesaler offers
    13·1 answer
  • Consider what you already know about saving. What are some reasons you should be intentional about saving money? In other words,
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!