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slega [8]
3 years ago
10

g "At the end of the current year, the owners' equity in Barclay Bakery is $260,000. During the year, the assets of the business

had increased by $134,000 and the liabilities had increased by $79,000. Owners' equity at the beginning of the year must have been:"
Business
1 answer:
rewona [7]3 years ago
5 0

Answer:

$205,000

Explanation:

Let us assume Owners' equity at the beginning be X

So, the Increase in Owners' equity is $260,000 - X

As we know that

Accounting equation is

Total assets = Total liabilities + total stockholder equity

So,

Total Increase in Assets = Total Increase in Liabilities + Increase in Owners' equity

$134,000 = $79,000 + $260,000 - X

$134,000 = $339,000 - X

So, the X =

= $339,000 - $134,000

= $205,000

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PLZ HELP ASAP FOR ECON !!!
Alja [10]

Answer:

it decreased

Explanation:

the graph shows that the line went down therefore showing it decreased

3 0
2 years ago
Inventory records for Dunbar Incorporated revealed the following: DateTransactionNumber of UnitsUnit Cost Apr.1Beginning invento
Jet001 [13]

Answer:

$965

Explanation:

Calculation to determine what Ending inventory assuming weighted-average cost would be:

First step is calculate the Weighted-average cost

Weighted-average cost = [(480 x $2.48) + (440 x $2.75)] / (480+440)

Weighted-average cost =1,190.4+1210/920

Weighted-average cost = 2400.4/920

Weighted-average cost =2.6091

Now let determine the Ending inventory

Ending inventory = (920-550) x 2.6091

Ending inventory = 370x 2.6091

Ending inventory =$965

Therefore Ending inventory assuming weighted-average cost would be $965

7 0
3 years ago
Emma is the labor union negotiator. Today, she is meeting with management to discuss the new five-year contract, including wages
Sergio [31]

Answer:

Distributive bargaining

Explanation:

Distributive bargaining can be defined as a type of bargaining system/strategy in which one party gains only if the other party loses.

Distributive bargaining is mostly used when there is a negotiation that involves fixed resources e.g; money, assets, etc.

Distributive bargaining as a negotiation strategy does not aim to provide a win-win situation for all parties involved but that one party loses while the other gains considerably.

An example of distributive bargaining is a supermarket having a fixed price for an item. in that situation, you can't bargain and as such you either buy the item or leave the store.

That results in a win for the supermarket and a loss for you the buyer should yo choose to buy the item.

Cheers

5 0
3 years ago
Bramble Corp. reported net sales of $248,700, cost of goods sold of $146,900, operating expenses of $58,000, net income of $39,9
juin [17]

Answer:

profit margin is 16.0 %

gross profit rate  is 39.6 %

Explanation:

given data

net sales = $248,700

cost of goods sold = $146,900

operating expenses = $58,000

net income = $39,900

beginning total assets = $473,900

ending total assets of $635,400

to find out

profit margin and gross profit rate

solution

we will apply here profit margin formula that is

profit margin = \frac{net income}{sale} * 100      ..............1

put here value

profit margin = \frac{39900}{248700} * 100  

profit margin = 16.04 = 16.0 %

and

gross profit rate formula is

gross profit rate  = \frac{sales - cost of good }{sale} * 100    ..............2

put here value

gross profit rate  = \frac{245700 - 146900}{248700} * 100

gross profit rate   is 39.72 = 39.6 %

5 0
3 years ago
Because of the pandemic, many people are looking for ways to be protected against the virus. One of those ways is using a disinf
MAVERICK [17]

Answer:

immediate suggestions, which can be added as online It's a fundamental part of our training were trying to sterilize their masks by spraying them with lysol spray!

5 0
3 years ago
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