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ipn [44]
3 years ago
6

On January 1, Year 3, Wayfarer Co.'s assets were $330,000 and its stockholders' equity was $146,000. During the year, assets inc

reased $18,000 and liabilities decreased $16,000. Required: Determine the amount of stockholders' equity at December 31, Year 3.
Business
2 answers:
cricket20 [7]3 years ago
8 0

Answer:

The Balance of stockholder's equity at December 31 Year 3 is $180000.

Explanation:

The basic accounting equation states that Assets are always equal to the sum of Liabilties and Equity.

Thus, the equation can be written as:

Assets = Liabilities + Equity

The libilities at the start of the year were,

330000 = Liabilities + 146000

Liabilities = 330000 - 146000 = $184000

If Liabilities at the end were 16000 less than at start, Closing balance of Liabilities will be 184000 - 16000 = $168000

The Closing balance of assets will be 330000 + 18000 = $ 348000

The closing balance of Stockholder's equity at Dec 31 Year 3 is:

348000 = 168000 + Equity

Equity = 348000 - 168000 = $180000

nexus9112 [7]3 years ago
7 0

Answer:

Equity at December 31 Year 3 = $180000

Explanation:

Basic principle of Accounting The total Assets are equal to to sum of total Liabilities and Shareholders equity and these two sides must always balance

Beggining of the year given A = $330000 E = $146000 L = ?

A = L + E

330000= L + 146000

L = $184000 remember the golden rule has to balance.

At year end assets increased by $18000 and liabilities decreased by $16000

A = 330000+18000= $348 000, L = 184000-16000=$168000

Back to the Equation

A = L + E

348000= 168000 + E

E = 348000- 168000 = $180000

Prove the golden rule 180000+168000= $348000 which is the total assets

Equity at December 31 Year 3 = $180000

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What are the two primary ways you can make tax payments? You can make tax payments by having it set up to be automatically withdrawn from your bank account, or you can pay your taxes directly by sending in a check or calling to set up a payment arrangement on the taxes owed.

What is one other way you can pay? The other way to pay your taxes is to have your refund directly sent to them until your balance is paid in full.

3- If you can’t pay immediately, what is one course of action you can take? What are the criteria?

Again, one course of action to pay your taxes is to have your refund directly sent to bureau that you owe. The criteria is that you get penalized and the state can charge you extra interest rate fees if not paid by a certain time

Explanation:

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2 years ago
Your boss has purchased a new laptop for business use and has asked you to make sure the data he plans to store on the laptop is
wlad13 [49]

Answer:

A. Use BitLocker Encryption with the TPM chip

B. Secure Boot option

Explanation:

Trusted Platform Module or TPM chip is a tool used to produce reliable and unusual cryptographic codes and save them in an encrypted form to be utilized to validate hardware accessories. The cryptographic systems are encrypted and can be decrypted only by the TPM chip, which designed and encrypted them. <em>BitLocker</em> software uses a TPM chip to control the encryption of the computer data. Since the key saved in the TPM is distinctive, the BitLocker software can quickly verify the encrypted TPM and do not pass the decryption to another computer.

The method of Secure Boot is where the Operating System boot pictures and code are verified against the hardware before they are authorized to be used in the actual boot process.

If my boss uses both the encryption and secure boot, the data will become secure.

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3 years ago
The Achilles' heel (or biggest disadvantage/pitfall) of relying heavily on alliances and cooperative strategies is
vredina [299]

Answer:

Becoming dependent on other companies for essential expertise and capabilities.

Explanation:

When a firm comes in alliance with any other firm , the sole motive behind this is to complement each other with they key competencies. They make use of each other strength to grow together.

However it has one disadvantage is that if one rely only on alliance partner for the specific expertise or resources, it creates a sense of dependencies and if the alliance get annexed in future due to some reason, it can hamper the business.

In today's world example can be vividly seen, in Corona virus crisis, any  firm's alliance with Chinese companies may get hurt, as lock-down in china may interrupt major supplies from china.

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3 years ago
Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,350, $1,550, $1,550, a
igor_vitrenko [27]

Answer:

The present value of cash flows is $ 5,292.13  

Explanation:

The present value is today's equivalence of the company's future cash flow discounted using the 7% interest rate as a discount rate.

Formula for pv of a cash flow=cash flow/(1+r)^n

r is the 7% interest rate

n is the relevant year each cash flow relates to

PV=$1,350/(1+7%)^1+$1550/(1+7%)^2+$1550/(1+7%)^3+$1850/(1+7%)^4=

$ 5,292.13  

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The reason is that they make it more efficient to deliver necessary goods and services to consumers.
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