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Andru [333]
3 years ago
11

At the end of last year, the company's assets totaled $877,000 and its liabilities totaled $748,500. During the current year, th

e company's total assets increased by $59,700 and its total liabilities increased by $24,850. At the end of the current year, stockholders' equity was:
Business
1 answer:
sergey [27]3 years ago
6 0

Answer:

The options are:

A $34,850.

B $163,350.

C $128,500.

D $188,200.

$ 163,350.00,option B is correct

Explanation:

At the beginning of the current year ,the stockholders equity is the difference between total assets of $877,000 and total liabilities of $748,500 i.e $128,500 .

However,the increase or decrease to stockholders' equity in the current year is the difference between increase in total assets of $59,700 and the the increase in liabilities of $24,850 i.e $ 34,850.00  

Hence stockholders' equity=the initial stockholders' equity+increase=$128,500+$ 34,850=$ 163,350.00  

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A new ad for the shampoo brand Better Not Younger focuses on how its products make aging hair feel softer, which is the ________
Anvisha [2.4K]

Answer: product benefit

Explanation:

When advertising a particular product, the product benefit simply means the benefits that the consumers will enjoy when they bunch such products.

In this case, Better Not Younger focuses on how its products make aging hair feel softer, therefore thus is the product benefit as this is what the consumers will enjoy when they purchase it.

7 0
3 years ago
Rane Company had the following assets on January 1, 2017.
Viefleur [7K]

Answer:

Journal entries are prepared below

Explanation:

Journal entries required are given as follows

Jan. 1 (To record retirement of machinery)  

                                                                     Debit        Credit

Accumulated depreciation-equipment     $69,580

Equipment                                                                   $69,580

June. 30 (To record the depreciation expense on forklift)

                                                                     Debit        Credit

Depreciation expense                                2940

Accumulated depreciation-equipment                       2940

Working

Annual depreciation = $29,400 / 5 years = $5880

depreciation for 6 months = $5880 x 6/12 = $2940

June. 30 (To record sale of forklift)

                                                                        Debit        Credit

Cash                                                                 11760  

Accumulated depreciation-equipment(w)    20580  

Equipment                                                                      29400

Gain on disposal of plant assets                                     2940

Working

Accumulated depreciation = 5880 x 3.5 years

 

Dec. 31 (To record depreciation expense on truck)

                                                                     Debit        Credit

Depreciation expense                                 3724

Accumulated depreciation-equipment                       3724

Working

Annual depreciation on truck = ($32,736- $2,944) / 8 years = $3724

Depreciation for 2017 = $3724

 

Dec. 31 (To record discarding of the truck)  

                                                                     Debit        Credit

Salvaged materials                                    2,944

Accumulated depreciation-equipment    22344

Loss on disposal of plant assets               7448

Equipment                                                                    32,736

Working

Accumulated depreciation = 3724 x 6 years = 22,344

6 0
3 years ago
How is Change Management related to Baselining?
zheka24 [161]

Answer:

hope it helps..

Explanation:

Change management is an important part of project management in which the original project plan, represented by the baseline, is used to measure and assess project execution. ... The initial baseline is created by copying the data from the project after the project plan is completed, prior to starting.

8 0
3 years ago
gary and felix are partners of a general partnership. gary does two-thirds of the partnership work, while felix does one-third o
zhuklara [117]

Under partnership Felix is entitled to receive $100,000. 1/3 × 300000 = $100000

In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organisations, schools, governments, or combinations of these may be the partners in a partnership.

All partners in a general partnership are equally liable financially and legally. The debts that the partnership incurs are personally liable to the individuals. Equal shares are also given to profits. In a partnership agreement, the mechanics of profit sharing will almost definitely be spelled out in writing.

Organizations may work together to expand their reach and increase the likelihood that each will succeed in reaching their goals. A partnership may solely be controlled by a contract, or it may issue and hold stock.

Learn more about partnership here:

brainly.com/question/9909227

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5 0
1 year ago
A manager needs to inform employees that the quarterly project management training will start on May 1, about two months from no
In-s [12.5K]

Answer: In this particular case where the manager needs to inform about the employees quarterly project management, it would be better to inform them<u><em> face-to-face</em></u>. Since , it'll help the manager to provide a better insight to the project management training.

<u><em>Therefore, the correct option in this case is (a)</em></u>

6 0
3 years ago
Read 2 more answers
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