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meriva
3 years ago
5

Rice Co. was incorporated on January 1, Year 6, with $500,000 from the issuance of stock and borrowed funds of $75,000. During t

he first year of operations, net income was $25,000. On December 15, Rice paid a $2,000 cash dividend. No additional activities affected equity in Year 6. At December 31, Year 6, Rice's liabilities had increased to $94,000. In Rice's December 31, Year 6 balance sheet, total assets should be reported atA) $600,000B) $617,000C) $598,000D) $692,000
Business
1 answer:
Mkey [24]3 years ago
8 0

Answer:

B) $617,000

Explanation:

Issuance capital of 500,000 shall remain constant. Out of the current year net earnings 25000 we are paying 2000 as dividend so, that adds to the owners equity = 23000.

Total liabilities = total assets = 500000 + 23000 + 94000 = 617000

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Which of the following will increase your net worth the most?
nignag [31]
I think the correct answer from the choices listed above is the last option. It would be to purchase of house valued at $150,000 with $25,000 down and a mortgage of $125,000 that would <span> increase your net worth the most. From this option, you would gain the most. Hope this answers the question.</span>
3 0
3 years ago
Which decision-making models best describe how decision-making takes place in the research and development laboratory of a major
g100num [7]

Answer:

Garbage-can model

Explanation:

The decision-making models that best describe how decision-making takes place in the research and development laboratory of a major drug company is the Garbage-can model, this is because the research and development laboratory is a complex and unstable environment

decisions taken in a research laboratory are mainly unpredictable and uncertain as most solution are turned in problems first before another solution can be created  

4 0
3 years ago
A company completes 21,000 units this month and has ending work in process inventory of 3,000 units which are estimated to be 40
Romashka [77]

Answer:

$36,000

Explanation:

The first step is to calculate the equivalent unit of work in process

=degree of completion × ending work in process

= 40/100 × 3000

= 0.4 × 3000

= 1,200

The total equivalent units of production can be calculated as follows

= 21,000 + 1,200

= 22,000 units

The cost per equivalent unit can be calculated as follows

= 660,000/22,000

= $30

Therefore the cost of ending work in process can be calculated as follows

= equivalent unit × cost per equivalent unit

= 1,200 × 30

= $36,000

7 0
3 years ago
Developing an understanding of cultural implications can greatly improve workplace interactions in the long run, resulting in im
skelet666 [1.2K]

Developing an understanding of cultural implications can greatly improve workplace interactions in the long run, resulting in improved relationships with suppliers, customers and employees.

<h3>What are cultural implications?</h3>

The impacts of a policy, event, activity or movement on a particular culture are referred to as cultural implications.

External and internal events can weaken, change, or reinforce specific parts of a culture, affecting the success of cultural globalization.

In the long term, developing a cultural knowledge can considerably improve workplace interactions, resulting in improved connections with suppliers, customers, and employees.

Therefore, option D is correct.

To learn more about the cultural implications, refer to:

brainly.com/question/15373432

#SPJ1

3 0
2 years ago
A country has a noninstitutionalized population of 243 million people. Out of that number, 38 million are under the age of 16 70
Zanzabum

Answer:

66%

Explanation:

  • Students & retirees are not considered as part of Labor force
  • people are under 16 age , are not part of working age population
  • underemployed people are doing part time jobs, so counted as employed

Total employed = Employed full time + Underemployed

                          = 96 + 31

                          = 127 million

Unemployed workers = 8 million

Labor force size = employed + unemployed people

                           = 127 million + 8 million

                           = 135 million

Working age population:

= Total non-institutionalized population - People under age of 16

= 243 - 38

= 205 million

Therefore,

Labor force participation rate:

= (Labor force size ÷ Total non institutionalized population) × 100

= (135 ÷ 205)  × 100

= 66%

8 0
3 years ago
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