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Bad White [126]
4 years ago
15

Given the following information, determine the amount of Cash on the balance sheet (assume there are only three assets). Liabili

ties equal $3,050; Stockholders' equity equals $25,000; Supplies equal $1,500; and Land equals $22,500. $4,050 None of these choices are correct. $7,050 $2,050
Business
1 answer:
MatroZZZ [7]4 years ago
7 0

Answer:

Cash will be 5,550 dolllars

which implies none of the given posibles answers is correct.

Explanation:

we use the accounting equation:

Assets = Liabilities + Equity

Assets:

supplies 1,500

land      22,500

Liabilties 3,050

Equity 25,000

So we plug this into the equation:

Assets = Liabilities + Equity

(22,500 + cash)  = 3,050 + 25,000

cash = 3,050 + 25,000 - 22,500 = 5,550

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You just won the grand prize in a national writing contest! As your prize, you will receive $1,000 a month for 15 years. If you
skelet666 [1.2K]

Answer:

The prize is worth $111,258.73.

Explanation:

Giving the following information:

Cf= $1,000 a month

Interest rate= 0.07/12= 0.005833

Number of months= 15*12= 180

First, we need to calculate the final value:

FV= {A*[(1+i)^n-1]}/i

A= cash flow

FV= {1,000*[(1.005833^180) - 1]} / 0.005833

FV= $316,951.28

Now, the present value:

PV= FV/(1+i)^n

PV= 316,951.28/(1.005833^180)

PV= $111,258.73

6 0
3 years ago
What is the relationship between the business and the supplier??​
makkiz [27]

This is a very broad question.

There are lots of relationships between business and supplier, but basically the supplier provides the resources for the business to perform its business function.

8 0
3 years ago
The aggregate demand curve would shift to the right as a result of
kkurt [141]

Demand curve will shift towards right due to <u>a decrease in U.S. real interest rate</u>

With the decrease in the interest people will sell bonds and get money, as a result money supply will increases and it leads to more demand for goods and services.

It means <u>a decrease in U.S. real interest rate</u> causes rightward shift of AD curve.

Demand is an monetary concept that pertains to a purchaser's preference to purchase items and offerings and willingness to pay a particular rate for them. An growth within the rate of an awesome or service has a tendency to decrease the quantity demanded.

Demand may be defined as the quantity of a commodity that a client is in a position and willing to shop for, at each viable fee, over a given time period. Essential elements of call for are quantity, ability, willingness, fees, and period of time.

Learn more about Demand here:-brainly.com/question/1245771

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7 0
1 year ago
Gross wage refers to the wage an employee earns before deductions are subtracted.
Sonja [21]

Answer:

True

Explanation:

Gross wage is the pay before adjusting for taxes and other deductions. The term gross means before deductions. For example, when calculating profits, gross profits means the earnings before deducting expenses.

Net wages contrast gross wages. While gross wages do not include deductions, net wages is the income after adjusting for all deductions.  Calculating the gross wage will include involves adding basic pay and other earnings such as commissions, allowances, and bonuses.

7 0
4 years ago
A random sample of records of sales of homes from February 15 to April 30, 1993, from the files maintained by the Albuquerque Bo
AysviL [449]

Answer:

A)

i) Size( x )  ( measured in ft^2 )

ii) Price ( y ) ( measured in dollars )

B) unit of slope = dollar per square foot

C) slope will be positive

Explanation:

A) The variables and units in this regression are

i) Size( x )  ( measured in ft^2 )

ii) Price ( y ) ( measured in dollars )

<u>B) Units of the slope </u>

unit of slope = dollar per square foot (i.e.  y / x )

C)  The slope will be positive given that the increase of home size is directly proportional to the increase in price

8 0
3 years ago
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