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Bumek [7]
3 years ago
10

Balsco's balance sheet shows total assets of $238,000 and total liabilities of $107,000. The firm has 55,000 shares of stock out

standing that sell for $11 a share. What is amount of market value added?
Business
1 answer:
zheka24 [161]3 years ago
6 0

Answer:

$ 474000

Explanation:

Market value added = V - K where V is the market value of the firm plus its equity and debts = (55000 × $ 11) + $ 107000 = $ 712000

K is the capital invested which in this case represent the total assets = $ 238000

Market value added = $ 712000 - $ 238000 = $ 474000

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Prepare journal entries to record each of the following sales transactions of EcoMart Merchandising. EcoMart uses a perpetual in
Rudik [331]

Answer:

Oct 1

Debit  : Accounts Receivable $2,600

Debit : Cost of Sales $1,450

Credit : Sales Revenue $2,600

Credit : Merchandise $1,450

Oct 6

Debit : Sales Revenue $260

Debit : Merchandise $145

Credit : Accounts Receivable $260

Credit : Cost of Sales $145

Oct 9

Debit  : Accounts Receivable $1, 250

Debit : Cost of Sales $1,450

Credit : Sales Revenue $1, 250

Credit : Merchandise $1,450

Oct 11

Debit  : Cash $2,340

Credit : Accounts Payable $2,340

Explanation:

The perpetual method ensures that the cost of sales and inventory values are calculated after every transaction made.

Therefore, remember to show the cost of sale journal and the resulting decrease in inventory after every sale.

8 0
2 years ago
Adrian owns an older used car that is valued at about $1,000.
Liula [17]

Answer:

Purchasing insurance can help Adrian  minimize  risk. Adrian’s best decision in this case is to  not buy the insurance because the policy is too expensive in relation to the value of his vehicle

0 0
3 years ago
Agricultural researchers plant 100 plots with a new variety of corn and measure the mean yield for these plots in bushels per ac
kogti [31]

Answer:

A

Explanation:

95% confidence interval gives the lower and upper limit for the mean corn yield per acre

Lower limit is 128.4 bushel per acre and upper limit is 131.6 bushel per acre

7 0
3 years ago
Which of the following statements is/are true? I: Both Stock and Mutual insurance companies pay dividends, Stock companies to th
ELEN [110]

Answer:

II: Insurance marketing systems include; General Agencies, Branch offices managed by employees of the company, and Personal; Producing General Agents (PPGA's).

Explanation:

Every insurance company has branch offices that operate on different regional levels that are managed and operated by employees.

General agencies are responsible for receiving insurance applications and negotiating and negotiating contracts on behalf of the insurance company.

Producing general agents (PPGA's) is a type of insurance agent that usually provides services to more than one insurance company and whose main duty is to sell as many policies as they can.

4 0
3 years ago
How does an improvement in consumer confidence affect the consumption function and the aggregate demand curve?
puteri [66]
If the consumers are further confident they will expend additional dollars at entirely earnings stage and the consumption function moves upward. This increase in expenditure reasons the aggregate demand curve to move to the right. The ceteris paribus is known as a alteration in interest rates reasons a movement alongside the investment demand curve.
3 0
3 years ago
Read 2 more answers
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