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
dybincka [34]
3 years ago
7

If total liabilities decreased by $26,185 during a period of time and owner's equity increased by $33,571 during the same period

, the amount and direction (increase or decrease) of the period's change in total assets would be a a.$7,386 increase b.$26,185 increase c.$7,386 decrease d.$26,185 decrease
Business
1 answer:
matrenka [14]3 years ago
4 0

Answer:

Option (a) $7,386 increase

Explanation:

Data provided in the question:

Change in total liabilities = - $26,185 [negative sign depicts decrease]

Change in equity = $33,571

Now,

Total Assets = Total Liabilities + Total Equity

Thus,

Change in total assets = Change in total Liabilities + Change in total Equity

or

Change in total assets = - $26,185 + $33,571

= $7,386 [positive value depicts increase]

Hence,

Option (a) $7,386 increase

You might be interested in
Jones Corp. reported current assets of $191,000 and current liabilities of $136,000 on its most recent balance sheet. The curren
stiks02 [169]

Answer:

acid-test ratio 1,4044

Explanation:

We are asked for a variation ofthe current ratio

whie current ratio is determinate like:

\frac{current\: assets }{current\: liab}

the acid-test will remove inventory from the current assets, leaving only cash, marketable securities and accounts receivables considered for the calculations:

191,000 current assets - 85,000 inventory = 106,000

136,000 current liabilities

191,600 / 136,000  = 1,4044

7 0
3 years ago
Which chart is best used to show the results of a class survey with 4 field trip options?
Nimfa-mama [501]
C. Bar chart , It’s a better visual to see the different votes the classmates chose for their 4 field trip options.
7 0
3 years ago
Read 2 more answers
Tyree's basketball coach makes his players practice free throws after a difficult practice and under the threat of having the wh
Zinaida [17]
<span>Tyree's coach is likely trying to instill teammate dependability in his players by making them run laps if their teammates do not get at least 75% of their free throwns in.</span>
3 0
3 years ago
At 17 years old, Otto signed a contract to purchase a new Hummer by advancing a payment of $50,000. However, when Otto turned 20
Aloiza [94]
Read the fine print, if it says “after signing, this contract is final.” Then Otto is screwed, because he must pay the $50,000

Or, Otto could hire a lawyer to fight it in court

Hope this helped ♥︎
7 0
3 years ago
A ______ is a division of the firm itself that can be managed and operated independently from other divisions. Multiple choice q
grandymaker [24]

Strategic business unit (SBU) is a division of the firm itself that can be managed and operated independently from other divisions.

<h3>What is strategic business unit (SBU)?</h3>

It is a business unit that runs independently and it is focused on a target or particular market.

  • It is a big market that has its own various support functions that include training departments, hiring department.

Therefore, Strategic business unit (SBU) is a division of the firm itself that can be managed and operated independently from other divisions.

For more details on strategic business unit kindly check

brainly.com/question/24684801

6 0
2 years ago
Other questions:
  • Determine the amount to be paid in full settlement of each of two invoices (a) and (b), assuming that credit for returns and all
    11·1 answer
  • If golfers have increased income, what will happen in the market for golf clubs?
    10·1 answer
  • Adam borrows? $4,500 at 12 percent annually compounded interest to be repaid in four equal annual installments. the actual endmi
    7·1 answer
  • Azeem is considering the various options available to him to promote an energy drink, Turbozade, that has decreasing sales volum
    6·1 answer
  • Use the following scenario to answer the following questions: Babak owns a sports practice facility called Boston Batting Cages
    11·1 answer
  • An S corporation earns per share before taxes. The corporate tax rate is​ 35%, the personal tax rate on dividends is​ 20%, and t
    6·1 answer
  • How is a command economy different from a mixed economy?
    13·1 answer
  • A sports game company with current sales of $400,000 does not expect any growth in sales for the next two years. The company, ho
    9·1 answer
  • TimeEnough Inc. entered the low-priced digital watch market several years ago. This firm's earnings have been unsteady, but migh
    10·1 answer
  • The precaution of prohibiting employees from bringing personal computing devices into a facility is what type of security contro
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!