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
Gelneren [198K]
3 years ago
6

The financial statements of Calloway Company prepared at the end of the current year contained the following elements and corres

ponding amounts: Assets = $39,000; Liabilities = ?; Common Stock = $6,900; Revenue = $14,800; Dividends = $1,700; Beginning Retained Earnings = $4,700; Ending Retained Earnings = $8,900.
Business
1 answer:
liraira [26]3 years ago
5 0

Answer:

Total liabilities is $23,200

Explanation:

In this question,we apply the accounting equation which is shown below:

Total assets = Total liabilities + shareholder's equity

$39,000 = Total liabilities + $6,900 + $8,900

$39,000 = Total liabilities + $15,800

So, the total liabilities equal to

= $39,000 - $15,800

= $23,200

The shareholder's equity includes Common Stock and the ending retained earning balance and the same we take in the computation part.

You might be interested in
According to Adam Smith, a country has an absolute advantage in the production of a product when it _____.
Zolol [24]

According to Adam Smith, a country has an absolute advantage in the production of a product when it : is more efficient than any other country at producing it.

<h3>What is production?</h3>

Production can be defined as the process of manufacturing goods or product.

A country  can have an advantage in the production of a product  over other country when the country is good at what the produce and they are  efficient in  producing the product because they produce a desired result , with this other country will be attracted to what this country produce.

Inconclusion a country has an absolute advantage in the production of a product when it : is more efficient than any other country at producing it.

Learn more about production here:brainly.com/question/16755022

3 0
2 years ago
Consider the overall market for beverages in the US. This market consists of both alcoholic and non-alcoholic drinks. Within the
Andru [333]

Answer:

The correct answer is: a macro-segment.

Explanation:

The Market Opportunity Analysis or MOA is a tool used to identify market opportunities and measure them to determine if they can be profitable for the company before the firm starts planning to work with it. The MOA implements segmentation to classify as specific as possible the product that is intended to be offered.

Micro-segments refer to products with narrow scopes while macro-segment products have wider reach and variability inherent. Thus, in the example, <em>ales represent the macro-segment since it has varieties such as brown ale, pale ale, golden ale, Scotch ale, and mild ale just to mention a few.</em>

4 0
4 years ago
Name two arguments that support international trade.
sergij07 [2.7K]
(Two arguments that support IT) - 1: people will still continuing to vote or trade other countries, 2: people will get good wages with their trades. (Two arguments that do not support IT) - 1: upon their trades, they will get high taxes, 2: some people trades that was stolen from the society. In my opinion the world and the USA are usually similar, in fact USA will eventually hated the IT because the Russians and its friends and at Middle East still continuing and make an agreement to other neighbor countries and the worst part they are still continuing trading weapons, or parts of the nuclear weapon.
7 0
3 years ago
Read 2 more answers
Flitter reported net income of $25,500 for the past year. at the beginning of the year the company had $216,000 in assets and $6
Brut [27]

Answer:

There are two ways in which Return on Assets can be calculated depending on whether we consider Total assets at year-end or average total assets.

Return on Assets = \frac{Net Income}{Total Assets at year end}   1

                                                          or

Return on Assets = \frac{Net Income}{Average Assets}       2

Substituting the values in equation 1 we get,

Return on Assets = \frac{25500}{316000}

Return on Assets = \frac{25500}{316000}

Return on Assets = 0.080696203  or 8.07%

Substituting values in equation 2 we get,

Return on Assets = \frac{Net Income}{Average Assets}

Return on Assets = \frac{Net Income}{\frac{Assets at beginning + Assets at year end}{2}}

Return on Assets = \frac{25500}{\frac{216000 + 316000}{2}}

Return on Assets = \frac{25500}{266000}

Return on Assets = 0.095864662 or 9.58%

5 0
3 years ago
Luciana, a nonshareholder, purchases a condominium for her employer for $85,000. The fair market value of the condominium is $12
krok68 [10]

Answer:

Luciana’s basis in the condominium is $120000.

Explanation:

The transfer or sale of property by the employer to the employee at less than the fair market value then it is considered as the compensation income or dividend income. However, it should be included in the income. The difference in cost and fair market value ($120000 - $85000 = $35000) is considered as the gross income which is taxable for the year.

5 0
3 years ago
Other questions:
  • The ____________ position has more room than the ____________ position, so larger substituents are more stable in the equatorial
    11·1 answer
  • The Canon Xapshot camera, which records pictures on a computer disk, introduces several new beliefs including "seeing your pictu
    13·1 answer
  • In a market with positive​ externalities, A. the efficient level of production is less than what competition will obtain. B. the
    12·1 answer
  • Trim Corporation acquired 100 percent of Round Corporation’s voting common stock on January 1, 20X2, for $400,000. At that date,
    13·1 answer
  • Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 unit
    10·1 answer
  • Which of the following would be considered a sound piece of advice to help build your self-confidence?
    12·2 answers
  • Suppose Joe purchases the factory using $200,000 of his own money and $200,000 borrowed from a bank at an interest rate of 6 per
    11·1 answer
  • By promoting transparency, the government can improve
    13·1 answer
  • How would you balance demands from different stake holders that are at<br> variance with each other?
    6·1 answer
  • The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!