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bogdanovich [222]
3 years ago
15

At the end of last year, the company's assets totaled $879,000 and its liabilities totaled $749,500. During the current year, th

e company's total assets increased by $59,900 and its total liabilities increased by $24,950.
At the end of the current year, stockholders' equity was $______.
Business
1 answer:
Sladkaya [172]3 years ago
6 0

Answer:

$ 164,450

Explanation:

Opening  assets = $879,000

Opening liabilities = $ 749,500

Increase in Assets = $59,900

Increase in Liabilities = $24,950

Closing assets = Opening Assets + Increase in Assets

= $879,000 + $59,900

= $ 938,900

Closing Liabilities = Opening Liabilities + Increase in Liabilities

= $749,500 + $24,950

= $ 774,450

At the end of the current year,

Stockholder's Equity = Total Assets- Total Liabilities

                                   = $ 938,900 -  $ 774,450

                                   = $ 164,450

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. There is an 80% probability that Tom will be in good health during the year and incur only $200 in medical expenses, but there
zaharov [31]

Answer:

The  Actuarially Fair Premium that Tom have to pay for hid Health Insurance is $4,160

Explanation:

To compute the amount that Tom have to pay for Health Insurance is;

Actuarially Fair Premium = (Probability of actuality ill × Payments incurred) + (Probability of not actuality ill × Payments incurred)

Actuarially Fair Premium = (20% x $20,000) + (80% x $200)

Actuarially Fair Premium = $4,000 + $160

Actuarially Fair Premium  = $4,160

5 0
3 years ago
The Reynolds Corporation buys from its suppliers on terms of 2/19, net 50. Reynolds has not been utilizing the discounts offered
harina [27]

Answer:

23.68%

Explanation:

The computation of the cost of not taking a cash discount is shown below:-

Cost of not taking a cash discount = [Discount percentage ÷ (100% - Disc.%)] × (360 ÷ (Final due date - Discount period))

= (2% ÷ 98%) × (360 ÷ (50 - 19))

= 2.04% × 11.61

= 23.68%

Therefore for computing the cost of not taking a cash discount we simply applied the above formula.

4 0
3 years ago
Gables purchased used Mercedes from a German company. The cars were built for the German market and met its safety and pollution
Mazyrski [523]

Answer: (E) none of the other choices

Explanation:

None of the options are correct in the above question.

The USA extends Most Favoured Nation Status to most countries in the world including Germany so that would not be a reason for the car's not to pass through customs.

The cars could indeed be a threat to national security. Just because they come from a safe country does not mean that they were not tampered with. They need to be properly inspected.

They are indeed a source of competition for US automakers but that would be no reason to stop them. Perhaps tariffs could be applied on them but they will not be stopped.

There is no provision in US Customs practices that prohibits the importation of used cars solely because they are used cars therefore it will not be a reason to halt the car's going through customs.

None of the options are therefore correct.

5 0
3 years ago
A game may not start or continue if either team has fewer than ____ players.
Leni [432]
The answer is 7 players.
If, the amount of red cards that received by either team make the total players of their team less than 7, the opposition team would automatically won the game (and the vicotry would be recorded as 3-0 victory for the team that still had more than 7 players)
3 0
3 years ago
When a country has a comparative advantage in producing a certain good, a. the country should import that good. b. the country s
dedylja [7]

Answer:

None of the option is correct.

Explanation:

Principle of comparative advantage states that a country has a comparative advantage in producing a certain goods if the opportunity cost of producing those goods is lower than the other country. A country is exporting a commodity in which it has a comparative advantage and importing a commodity in which it has a comparative disadvantage.

7 0
2 years ago
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