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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

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or due to his success at his current company in getting several new patents. This is an example of ________ capital.
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Complete Question:

Cesar was being recruited by a competitor due to his success at his current company in getting several new patents. This is an example of ________ capital.

Group of answer choices

A) social

B) customer

C) human

D) intellectual

E) financial

Answer:

D) intellectual

Explanation:

In this scenario, Cesar was being recruited by a competitor due to his success at his current company in getting several new patents. Therefore, this is an example of intellectual capital because he was recruited based on his intangible assets which made him excel or succeed.

An intellectual capital can be defined as the value or intangible assets such as skills, copyright, trademarks, experience, patents, knowledge provided by the employees working in an organization and thus, giving the organization a competitive advantage over their rivals in the same industry, as well as earn more profits, increase their customer base and creation of quality products.

5 0
3 years ago
A paint manufacturing company produces three paint bases of differing quality. Due to throughput limitations (measured in gallon
Tems11 [23]

Answer:

c. The contribution margin per gallon of throughput for each product

Explanation:

contribution margin per gallon = Revenue per gallon - variable cost per gallon.

Contribution margin would enable the company to know the amount each product earns in excess after variable cost has been subtracted from revenue.

the product with the highest contribution margin should be considered.

8 0
3 years ago
What habit should you follow to avoid the risk of contracting illnesses and infections
Setler79 [48]

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4 0
3 years ago
Revenue is recorded when services have been performed or products have been delivered to customers. The accounting principle sup
VladimirAG [237]

Answer:

The revenue recognition principle

Explanation:

The revenue recognition principle states that revenue should be recorded when services have been performed or products have been delivered to customers and  not when cash is received for the service rendered

For example, if a supplier delivers 10,000 worth of goods to consumers in November and is paid for the goods in December. Revenue should be recognised in November and not December.

3 0
3 years ago
Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar b
padilas [110]

Answer

Financial advantage from further processing    $31

Explanation:

<em>A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.  </em>

<em>Also note that all cost incurred up to the split-off point (the cost of crushing) are irrelevant to the decision to process further .  </em>

<em>                                                                                                     $</em>

Sales revenue after the split off point( 64+64)                       128

Sales revenue at the split-off point (16+47)                            <u> 63</u>

Additional sales revenue                                                          65

Further processing cost ( 15+19)                                              <u>(34 )</u>

<em>Net income after further processing                                        31</em>

Financial advantage from further processing    $31

4 0
3 years ago
Read 2 more answers
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