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tigry1 [53]
3 years ago
14

Astoria Co. had the following transactions during the month of August 2014: * Cash received from bank loans was $20,000. * Divid

ends of $9,500 were paid to stockholders in cash. * Revenues earned and received in cash amounted to $33,500. * Expenses incurred and paid were $26,000. Refer to the information above. At the beginning of August, 2014, owners' equity in Astoria was $160,000. Given the transactions of August, what will be the owners' equity be at the end of the month
Business
1 answer:
Fynjy0 [20]3 years ago
6 0

Answer: $158,000

Explanation:

Equity = Opening equity + Net Income - Dividends

Net Income = Revenue - expenses

= 33,500 - 26,000

= $7,500

Equity = 160,000 + 7,500 - 9,500

= $158,000

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I think it might be C, I'm not sure but I think it is.

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8 0
3 years ago
A scale used to weigh produce at a market has markings every 0.1 kg. which measurement for the mass of a dozen apples is correct
AleksAgata [21]

A scale used to weigh produce at a market has markings every<u> 0.1 kg</u>

Measurement for the mass of a dozen apples is correctly reported for this scale<u> </u><u>1.87 </u><u>kg</u>

<u />

<h3>What is produced in the market?</h3>

Farm is a generalized term for many farm-produced crops, including fruits and vegetables (grains, oats, etc.

<h3>Why is it named produce?</h3>

Produce here refers to “fresh fruits and vegetables”. It's the noun understanding of that word, not the verb, and so its stress falls on the first syllable. Therefore the vegetables aisle is the place where such items are found.

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6 0
2 years ago
A company developed the following per-unit standards for its product: 2 pounds of direct materials at $4 per pound. Last month,
olga nikolaevna [1]

Answer:

Direct Material Price Variance = $300 Favorable

Explanation:

Direct Material Price Variance = (Standard Price - Actual Price) \times Actual Quantity

Standard Price = $4 per pound

Actual Price = \frac{Actual\ Cost}{Actual\ Units} = \frac{5,700}{1,500} = 3.8

Since the actual price is less than the standard price the variance will be favorable as the amount paid for actual use is less then the estimated standard cost.

Thus, direct material price variance = ($4 - $3.8) \times 1,500

= $300 Favorable

7 0
3 years ago
If the capital stock is fixed and something happens to raise the marginal product of capital (MPK) for any given quantity of cap
nadezda [96]

Answer:

D. rise

Explanation:

D. As per the study, marginal product theory suggests that, as the marginal product of capital (MPK) increases even if the capital stock is fixed or unchanged, the real rental will also be changed the same way i.e.  it will rise in this given scenario.

5 0
3 years ago
how many years will be required for a given sum of money to triple, if it is deposited in a bank account that pays 6% per year c
IgorLugansk [536]

Answer:

19 years

Explanation:

the 19th year your money will triple and be worth 3.0256 times the original sum.

7 0
3 years ago
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