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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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7nadin3 [17]

The four benefits of international strategies are increased the market size. The initial step in most organizations global development plans is typically an international strategy. The most effective technique is transnational, but it's also the most complicated in terms of the interactions and communications.

There is no one method that works for all the business ventures that involve global development. The emphasis on efficiency and low cost, as well as meeting cultural and societal needs locally, influence how these tactics are the different. International multi-domestic, global, and transnational are the four fundamental international strategies that multinational firms can choose from.

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3 0
1 year ago
Which of the following best summarizes the critical skills in real estate brokerage?A. Communications, market knowledge, mathema
skad [1K]

Answer:

D. Listing, marketing, facilitating transactions, and managing information

Explanation:

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4 0
3 years ago
What is a DBA name, and when does a company need one?
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Explanation:

A DBA can be filed in order for a company to transact business under the company's domain name. This is especially helpful when your company name is not available as a domain name. For example, you may want to operate another business or website in addition to your existing one.

4 0
3 years ago
On december 1, hansen co. Borrowed $100,000 cash from national bank by signing a 90-day, 6% interest-bearing note. On december 3
Lera25 [3.4K]

On March 1, the due date of the note, Hansen will record interest expense as a  <u>debit</u> in the amount of $600.

Interest expense is the cost associated with borrowing money in the form of loans, bonds, and lines of credit. It is the amount paid to lenders for the use of their money and is typically reported as a line item on an income statement.

On March 1, Hansen will record interest expense as a debit in the amount of $600 ($100,000 x 6% x 90/360). The adjusting entry on December 31 was to record the interest accrued on the note between December 1 and December 31 ($100,000 x 6% x 30/360 = $500). Therefore, the interest payable on March 1 is the amount of the loan times the interest rate times the number of days outstanding ($100,000 x 6% x 90/360 = $600).

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3 0
1 year ago
Majer Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Co
irina1246 [14]

Answer:

Variable overheads efficiency variance = $13,040  favorable  

Explanation:

<em>Variable overheads efficiency variance is the difference between the standard hours of actual output and actual hours valued at the standard variable overhead rate per hour </em>

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5,900munits should have taken (5,900× 0.9)          5,310

but did take                                                                 <u> 2050  </u>        

efficiency variance in hours                                         3,260 favorable

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Variable overheads efficiency variance                   <u>   13,040 favorable </u>

Variable overheads efficiency variance = $13,040  favorable          

3 0
2 years ago
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