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muminat
3 years ago
12

A company's balance sheet shows: cash $28,000, accounts receivable $34,000, equipment $58,000, and equity $76,000. what is the a

mount of liabilities?
Business
2 answers:
fredd [130]3 years ago
7 0
The amount of liabilities is $196,000
spin [16.1K]3 years ago
5 0

Answer:

Assuming the company's balance sheet is only comprised of the given items, the amount of liabilities will be $44,000

Explanation:

We apply the Basic Accounting Equation to show the problem.

We have:

Total Assets = Total Liabilities + Total Equity <=> Total Liabilities = Total assets - Total equity.

In which:

Total asset = Cash + Account Receivables + Equipment = 28,000 + 34,000 + 58,000 = $120,000;

Total equity is given at $76,000

=> Total Liabilities = $120,000 - $76,000 = $44,000.

So, the answer is $44,000.

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Answer:

B. Market Development

Explanation:

Market development is a growth strategy that <em><u>identifies and develops new market segments for a product</u></em>.

In this question, yes the cereal is mostly consumed at breakfast, but the Kellogg's Oat Bran is developing the market by portraying the Oat Bran as a snack rather the breakfast.

Targeting and developing the new customers to be the consumer of the product is at the heart of the strategy.

In a way, it's about literally developing the market for your product is not currently your consumer yet.

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3 years ago
Estimating your expenses means ​
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4 years ago
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John bought 1,200 shares of Intel stock on October 18, 2015, for $34 per share plus a $750 commission he paid to his broker. On
Oliga [24]

Answer:

$41,550

Explanation:

The adjusted basis is the value given to an asset (and used by the IRS) when you have to determine any capital gain or loss resulting from its sale. It should generally be the original cost of purchasing that asset.

John's basis = (1,200 shares x $34 per share) + $750 in sales commission

John's basis = $40,800 + $750 = $41,550

4 0
3 years ago
I NEED THIS ASAP PLEASE
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B. Accumulating Wealth. It is the way to understand and continuously add to the wealth.

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3 0
1 year ago
create specialized portraits. a new employee takes 8 hours to make the first portrait and 6 housr to make the second. how much m
trapecia [35]

Question Completion:

The manufacturing overhead charge per hour is $24.

Answer:

The manufacturing overhead that would be charged to 16 portraits using the cumulative average approach is:

$336.

Explanation:

a) Data and Calculations:

Time taken by new employee to make the first portrait = 8 hours

Time taken by employee to make the second portrait = 6 hours

Unit    Hours   Cumulative Hours  Cumulative Average

1.           8.0                  8.0                   8.0

2.          6.0                 14.0                  7.0

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This means that every unit produced, the time used reduces by 12.5% (1 - 0.875)

Therefore, the time to produce 16 units = 16 * 0.875 = 14 hours

Manufacturing overhead = 14 * $24 = $336

6 0
3 years ago
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