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Morgarella [4.7K]
4 years ago
14

The assets of Prosian Italia, a marble and granite company, amount to $400 million, and its liabilities add up to $180 million.

Based on the accounting equation, Prosian Italia's owners' equity is equal to _____.
$580 million
$72,000 million
$2 million
$220 million
Business
1 answer:
Kobotan [32]4 years ago
4 0

Answer:

$220 million

Explanation:

According to given information in question:

Assets = $400 million

Liabilities = $180 million

Accounting Equation:

Assets = Equity + Liabilities

$400 million = Equity + $180 million

Equity = $400 million - $180 million

Equity = $220 million

Based on the accounting equation, Prosian Italia's owners' equity is equal to $220 million.

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If a manufacturing plant that employs 20% of the local labor force closes, the likely effect on the area’s real estate values
love history [14]

Answer:

Supply and demand

Explanation:

First is important to remember the supply and demand principle. We can analyze this by the law of supply and demand.

The law of supply states that "the quantity of a good supplied rises as the market price rises, and falls as the price falls".

Conversely, the law of demand says that "the quantity of a good demanded falls as the price rises, and the quantity of a good increase as the price decrease".

For this case if the manufacturing plant close 20% of the people in the area will not have a job and the prices of the real state values will tend to decrease and if the prices decrease the quantity falls from the supply law.

 

6 0
3 years ago
Two brothers wish to open an account to trade stocks, with one brother depositing $100,000, and the other brother depositing $20
Lostsunrise [7]

Answer:

The account should be opened as a Joint account with tenancy in common. Option C.

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In this type of account, the members do not want their investments to go to other members of the joint account upon their death, but they specify in a will how the investment will be distributed to their beneficiaries.

Joint account with tenancy in common can hold an unequal amount of investment among members, but they still have equal rights to the account.

4 0
3 years ago
the initial valuation of purchased intangible assets requires that the intangible asset is recorded at
bixtya [17]

Answer: original cost

Explanation:

7 0
3 years ago
Dake Corporation's relevant range of activity is 5,200 units to 6,000 units. When it produces and sells 5,600 units, its average
arlik [135]

Answer:

Total direct manufacturing cost= $55,890

Explanation:

Giving the following information:

5,600 units:

Average Cost per Unit Direct materials $ 6.55

Direct labor $ 3.80

The manufacturing overhead is an<u> indirect cost.</u> It is allocated based on a predetermined rate. <u>We will take into account only the direct materials and direct labor.</u>

<u>For 5,400 units:</u>

Total direct manufacturing cost= 5,400*(6.55 + 3.8)

Total direct manufacturing cost= $55,890

6 0
3 years ago
You just received an offer in the mail to transfer your $5,000 balance from your current credit card, which charges an annual ra
NARA [144]

Answer:

number of payment is 3.05 payment

so correct option is b 3.05 payments

Explanation:

balance = $5000

annual rate r1 = 18.7 % = \frac{0.187}{12} = 0.01558

credit card charging r2 = 5.9% = \frac{0.059}{12} = 0.004917

payments P = $250  month

to find out

How many fewer payments will you have to make to pay off this debt if you transfer the balance to the new card

solution

we first find time t both rate by total balance formula that is

balance =  P * \frac{1-(1+r)^{-t}}{r}    ...........................1

here P is payment and t is time and r is rate

put here all value and find t for r1

balance =  P * \frac{1-(1+r)^{-t}}{r}  

5000 =  250 * \frac{1-(1+0.01558)^{-t}}{0.01558}

take log both side

log 0.6884 = log 1 - log(1+0.01558)^{t}    

t = 24.1519        .................2

and now put here all value and find t for r2

balance =  P * \frac{1-(1+r)^{-t}}{r}  

5000 =  250 * \frac{1-(1+0.00492)^{-t}}{0.00492}

take log both side

log 0.9016 = log 1 - log(1+0.00492)^{t}  

t = 21.1055         .....................3

so by equation 2 and 3

so no of payment will be 24.1519 - 21.1055

so number of payment is 3.05 payment

so correct option is b 3.05 payments

7 0
3 years ago
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