Answer:
The expanding accounting equation is:
Assets = Liabilities + Stockholders Equity
[Common Stock + Retained Earnings]
(Revenues - Expenses - Dividends)
Now, we replace the amounts in the formula
$84,325 = $2,560 + X
[ X + R ]
($54,780 - $28,125 - $13,450)
$84,325 = $2,560 + X
[ X + R ]
($54,780 - $28,125 - $13,450)
$84,325 = $2,560 + X
[ X + $13,205 ]
$84,325 = $2,560 + X
[ 68,560 + $13,205 ]
$84,325 = $2,560 + $81,765
Both sides are now equal to $84,325
Thus, Common Stock = $68,560
Answer:
$27,800
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
Cost of asset = $161500 + $5500 + 10000 =$177,000
$177,000 - $38000 = $139,000 / 5 =$27,800
depreciation expense each year would be $27,800
Because the assured is 42 when the life policy was issued, such age will be called an original age of the policy.
<h3>What is an
original age?</h3>
In a life policy, an Original Age refers to the age of an insured at the inception of a life insurance policy.
Therefore, as the the assured is 42 when the life policy was issued, such age will be called an original age of the policy.
Read more about original age
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Entrepreneurial Marketing: 6 Characteristics of Entrepreneurial Marketing
Proactive Orientation: ADVERTISEMENTS: ...
Innovativeness: ...
Focus on the Customer: ...
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Risk Management: ...
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Answer:
$16,440
Explanation:
If Bruce is able to work 600 hours per year, his salary will be $3,600 (= $6 x 600), but he will lose $2,160 (= $3,600 x 60%) of welfare stipend.
His total welfare stipend is $15,000 if he is not able to work during the year.
Bruce's total income = $15,000 + $3,600 - $2,160 = $16,440
