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
aliya0001 [1]
3 years ago
7

The total assets and total liabilities (in millions) of ABC Corporation and XYZ Corporation follow:

Business
2 answers:
nadezda [96]3 years ago
7 0

Answer:

ABC Corporation stockholders' equity = $21,896  (in millions)

XYZ Corporation stockholders' equity = $19,722  (in millions)

Explanation:

The accounting equation shows the relationship between the elements of a balance sheet namely; the assets, liabilities and stockholders' equity . This is given as

Assets = Liabilities + stockholders' equity

Hence for ABC Corporation, given in millions;

Assets = $39,100

Liabilities = $17,204

ABC Corporation stockholders' equity = $39,100 - $17,204

= $21,896

For XYZ Corporation, given in millions;

Assets = $37,927

Liabilities = $18,205

XYZ Corporation stockholders' equity = $37,927 - $18,205

= $19,722

lbvjy [14]3 years ago
3 0

Answer:

For ABC CORPORATION, stockholders' equity is $21,896,000,000

For XYZ CORPORATION, stockholders' equity is $19,722,000,000

Explanation:

Stockholders' Equity is the owner's residual interest in the business.

The formula for equity equals Asset minus liability

For ABC CORPORATION =

Asset = $39,100,000,000

Liability = $17,204,000,000

Stockholders' Equity = Asset - Liability

= $39,100,000,000 - $17,204,000,000 = $21,896,000,000

For XYZ CORPORATION =

Asset = $37,927000,000

Liability = $18,205000,000

Stockholders' Equity = Asset - Liability

= $37,927,000,000 - $18,205000,000 = $19,722,000,000

You might be interested in
The combination of debt financing and equity financing that maximizes a firm's value is known as its:
ohaa [14]

Answer:

optimal capital structure

Explanation:

optimal capital structure can be regarded as a combination of

of debt and equity financing which brings about maximization of amarket value in a firm. It should be noted that optimal capital structure is the combination of debt financing and equity financing that maximizes a firm's value.

5 0
3 years ago
choose a real or made-up example of a company, and describe at least three variable costs the company has. (1-3 sentences.
Solnce55 [7]
For a restaurant, some variable costs could be labor costs/ worker wages, raw product/ purchasing food to cook, and energy and fuel/ utilities.
7 0
3 years ago
A loan processing operation that processes an average of 7 loans per day. The operation has a design capacity of 15 loans per da
anyanavicka [17]

Answer:

a) 46.7, 80 b) 20, 60   c) yes

Explanation:

a) % utilization= utilization/design capacity × 100

                       = 7/15 × 100

                       = 46.7%

   % efficiency= efficiency/design capacity × 100

                              = 12/15 × 100

                                  =80%

b) Utilization= 2/10 × 100 = 20%

 Efficiency= 6/10 × 100= 60%

c) A system with higher efficiency ratios will always have higher utilization as these systems will have lesses number of failures

6 0
3 years ago
Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $550,000. In addition to the purchase price, FVI makes the followi
maw [93]

Answer:

Land 594,500

Explanation:

We must include all cost necessary to acquire the land and lelave it ready to use.

But, the demolition cost are associate with the old warehouse thus, as thsis asset is being destroyed It will be considered period cost, It will not be capitalized through land.

Acquisition cost    550,000

broker commission 35,000

title insurance            2,500

closing cost       <u>         7,000   </u>

Total cost               594,500

8 0
3 years ago
In year 1, nominal GDP for the United States was $2,250 billion and in year 2 it was $2,508 billion. The GDP deflator was 72 in
leonid [27]

Answer:

c. 1.6 percent.

Explanation:

GDP Deflator = Nominal GDP / Real GDP * 100

year 1

Real GDP = $2250 billion/72*100

                = $ 3125.

year 2

Real GDP = $2508 billion/79*100

                = $3175  

Real GDP rose by = Real GDP (2nd year) - Real GDP (1st year)

                              = $3175 - $3125

                              = $ 50

% increase = $50/$2,250*100

                  = 1.6%

Therefore, The Real GDP rose by 1.6%.

7 0
3 years ago
Other questions:
  • Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginnin
    11·1 answer
  • A management trainee rotates through four of her company's six divisions in a year. Her rotation is determined by random selecti
    8·1 answer
  • After completing integration testing, a systems analyst must perform ____________________, which involves the entire information
    10·2 answers
  • Selling inventory costing $93,000 for a selling price of $111,000 to customers on account (to be received at a later date) would
    11·1 answer
  • Carrie D's has 6 million shares of common stock outstanding, 2 million shares of preferred stock outstanding, and 10 thousand bo
    13·1 answer
  • Most Americans avoid the use of credit when it comes to buying big ticket items like a car or furniture for their home
    9·1 answer
  • Calculate the selling price per unit charged by the outside supplier that would make ABC Company economically indifferent betwee
    12·1 answer
  • The management of Milque Corp. is considering the effects of various inventory-costing methods on its financial statements and i
    11·1 answer
  • The following information is available for a company's cost of sales over the last five months. Month Units sold Cost of sales J
    11·1 answer
  • A<br> Advantages of Product Added Mothed<br> Accounting<br> in National income
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!