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
Mademuasel [1]
3 years ago
10

If total liabilities decreased by $27,137 during a period of time and owner's equity increased by $30,034 during the same period

, the amount and direction (increase or decrease) of the period's change in total assets would be a___________.
Business
1 answer:
juin [17]3 years ago
6 0

Answer:

Assets would increase by $ 2897

Explanation:

Total Assets = Liabilities + Owner's Equity

Decrease in Liabilities = $ 27,137

Increase in Owner's Equity = $ 30,034

Total Change =$ 30,034 - $ 27,137= $ 2897

As the assets must equal the liabilities and owner's equity so the total change in liabilities and owner's equity  must equal the change in assets.

In the above question the liabilities and owner's equity in total increase by $ 2897 so the assets must increase by $ 2897.

You might be interested in
Kendall is __________ because he feels a strong sense of responsibility for his work and regularly does more than his job requir
mezya [45]

Answer:

Explanation:

In this statement, Kendall is an active follower because he pushes himself in his work and tries to provide as much value to his employer as possible. This includes giving ideas, perfecting his work, and even going above and beyond by doing tasks that are not part of the job description to simply help out. On the other hand, Cora is a conformist because she follows orders exactly as they are given regardless of whether they are unethical or may cause problems with the other co-workers.

5 0
2 years ago
Production and sales estimates for march for the robin co. are as follows: estimated inventory (units), march 1 18,000 desired i
zmey [24]
The correct answer is a
3 0
3 years ago
Read 2 more answers
Suppose an American buys stock issued by an Argentinian corporation. The Argentinian firm uses the proceeds from the sale to bui
faltersainse [42]

Answer:

Policies consistent with the goal of increasing productivity and growth in developing countries are:

1. Protecting property rights and enforcing contracts

2. Providing tax breaks and patents for firms that pursue research and development in health and sciences

Explanation:

To increase productivity and growth in developing countries, it is important that developing countries enhance the mechanisms for protecting property rights and enforcing contracts.  These are the bases for attracting more foreign direct investments.  The court system should be a system where justice is obtained and a system which can enforce the rights of individuals to own property.  Without this basic ingredient, foreign direct investments will be hard to attract.

4 0
3 years ago
All of the following are associated with reporting controllable costs except:a. At lower levels, management have fewer controlla
stira [4]

Answer:

a. At lower levels, management have fewer controllable costs

Explanation:

The opposite is true, lower-level management have more controllabe costs than higher level management because top management focuses on the general strategy of the firm, while lower management focuses on the specific production processes.

It is in these specific production processes that many controllable costs arise. A production line supervisor (part of lower-level management) can directly control some variable costs such as energy used, amount of input, or even work hours.

3 0
3 years ago
How does soap work? A. Creates a sheetlike microscopic barrier between the skin and microorganisms in the environment B. Emulsif
Elina [12.6K]

Answer:

Your answer is going to be c.

Explanation:

as soap is meant to wash away germs it has to first kill them.

4 0
3 years ago
Other questions:
  • Prepare the following journal entries in proper journal entry form. 1. Billed a customer for a $2,400 job. 2. Received $4,800 to
    9·1 answer
  • g Jannusch Corporation makes one product. Budgeted unit sales for July, August, September, and October are 10,000, 11,600, 13,30
    15·2 answers
  • Discuss porter 1980 model and what its relationship with the management of procurement?
    12·1 answer
  • Active endeavors specializes in sporting equipment. recently, it has decided to add to its business units by opening a steakhous
    10·1 answer
  • Sharp Screen Films, Inc., is developing its annual financial statements at December 31, current year. The statements are complet
    13·1 answer
  • Most interest-inventory tests _______.
    7·2 answers
  • Thad Joslin was judged at fault in an automobile accident. Three others were awarded damages of $147,000, $79,000, and $74,000.
    8·1 answer
  • Who is ur fav actor , movie star
    14·2 answers
  • for a company making advanced technology, with highly specialized components, a customer divisional structure would be more effe
    12·1 answer
  • The price of tents, a complement to sleeping bags, increases. how will this affect the market for sleeping bags?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!