All categories

3 years ago

Determine the total assets of Novak Corp. at December 31, 2020.

Business

1 answer:

andreyandreev [35.5K]3 years ago

5 0

Answer: $76,220

Explanation:

Total Assets = Current Assets + Fixed Assets

Current Assets = Cash + Accounts Receivable

= 13,320 + 19,980

= $33,300

Fixed Assets = Equipment = $42,920

Total Assets = 33,300 + 42,920

= $76,220

You might be interested in

Classify technical education with example?

german

Answer:

A kind of education which equips with skills that involve the use of practical approaches and other physical instruments in executing projects. Technical education is learning something about a specific work scientifically in detail and practical.

A few common examples include schools and education programs that focus on science and engineering, information and technology, architecture and design, business and fipnance, health and social services, education and child development, hospitality and tourism, or the fine and performing arts.

7 0

3 years ago

The compensation associated with restricted stock units (RSUs) under a stock award plan is the number of shares represented by t

tatiyna

Answer:

The market price of an unrestricted share of the same stock.

Explanation:

Restricted stock units (RSU) are defined as a type of compensation in shares that an employer will give to an employee.

Usually certain conditions or performance should be met before the employee gets this benefit. For example staying with the company for a number of years.

A vesting plan of distribution schedule is used to allocate the shares.

The value of the compensation will be the number of shares given by the RSU multiplied by the market value of unrestricted share of the same stock.

For example if an employee has RSU of 1,000 shares, and share value is $10

Value of RSU compensation = 1,000 * 10 = $10,000

5 0

3 years ago

A rise in the price of Pepsi that causes a household to shift its purchasing pattern toward Coke and away from Pepsi is the ____

Ymorist [56]

Answer:Substitution ---B

Explanation:

When goods are closely related together such that they both give similar purpose , they are called Substitute goods.

Therefore when any of the substitute goods prices rises, Consumers will go for the cheaper alternatives which will provide more value for thier money.

Here, the rise in the price of Pepsi caused consumers to shift to a cheaper alternative which is Coke. Other substitute goods that can have the Substitution effect include beef and chicken, butter and margarine etc

5 0

3 years ago

Consider the following hypothetical facts about Mexico: The peso recently lost over 40% of its value relative to the dollar. Ove

UNO [17]

Answer:

The annualized return of the investment is R=0.286 or 28.6%.

Explanation:

The expected value takes into account all the possible outcomes and their probabilities. In this case, there are only 2 possible outcomes:

1) Mexican government lose control of the economy. Probability: 25%.

2) The Mexican government don't lose contol of the economy. Probability: 75%

In the Case 1, the local stock market will fall by 10% and the peso will lose 20%.

The return in dollars can be calculated as:

$R=(1+\Delta SM)/(1-\Delta P)-1=(1-0.10)/(1+0.2)-1\\\\R=0.90/1.20-1=0.75-1=-0.25$

being ΔSM the return of the stock market and ΔP the apreciation of the peso.

For the Case 2, we have that the local stock market will rise by 5% and the peso will appreciate by 5%.

The return in this case is

$R=(1+\Delta SM)/(1-\Delta P)-1=(1+0.05)/(1-0.10)-1\\\\R=1.05/0.90-1=1.17-1=0.17$

Then, the expected value is:

$E(R)=\sum p_iR_i=p_1R_1+p_2R_2=0.25*(-0.25)+0.75*(0.17)\\\\ E(X)=-0.0625+0.1275=0.065$

The expected dollar return in the 90 days is R=0.065.

If we annualized, the annual rate of return of this investment is:

$R_a=(1+R)^{N/n}-1=1.065^{360/90}-1\\\\R_a=1.065^4-1=1.286-1=0.286$

8 0

3 years ago

True or false. Unemployment compensation is generally unavailable for people who quite a job without good cause

Delicious77 [7]

Answer:

true; unemployment compensation is generally unavailable for people who quite a job without good cause

Explanation:

6 0

3 years ago