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Ira Lisetskai [31]
3 years ago
13

On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $10,687; Accounts Receivable,

$8,307; Supplies, $1,853; Land, $24,857; Accounts Payable, $5,710. What is the amount of stockholders' equity as of July 1 of the current year
Business
1 answer:
Agata [3.3K]3 years ago
7 0

Answer:

The amount of stockholders' equity as of July 1 of the current year is $39,994

Explanation:

In John Wong, DVM, on July 1 of the current year:

Total asset = Cash + Accounts Receivable + Supplies + Land = $10,687 + $8,307 + $1,853 + $24,857 = $45,704

Liabilities = Accounts Payable = $5,710

Basing on accounting equation:

Total asset = Liabilities + Stockholders' Equity

Stockholders' Equity  = Total asset - Liabilities = $45,704 - $5,710 = $39,994

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Suppose that Radical Board's manager simply verifies employment for the camp director. During Keller's first month at the camp,
Paraphin [41]

Answer:

The correct answer is B

Explanation:

The negligent hiring is the term which is defined as the claim which argues that the employer aware of the history before hiring the employees. In short, if the person is not diligent regarding the finding out that the background of the candidate, could be responsible for the actions.

In this case, the camp is could be liable for the negligent hiring as they could gain the access to the girls which is not right and illegal.

7 0
3 years ago
Blue Water Boats is considering a new project with perpetual cash inflows of $435,000, cash costs of $310,000, and a tax rate of
emmainna [20.7K]

Answer:

$190,494.01

Explanation:

The calculation of net present value is given below:-

Perpetual cash flow          $435,000

Less: Cash cost                 $310,000

Earning before interest

and tax                               $125,000

($435,000 - $310,000)

Less: Interest on debt       $18,250

($250,000 × 7.3%)

Earning before tax            $106,750

($125,000 - $18,250)

Less: Tax                            $37,362.50

($106,750 × 35%)

Net Income                       $69,387.50

($106,750 - $37,362.50)

Present value                    $415,494.01

($69,387.50 ÷ 16.7%)

Less: Initial cost                 $225,000

($475,000 - $250,000)

Net present value              $190,494.01

( $415,494.01 -  $225,000)

6 0
3 years ago
Managerial coordination refers to the
Vinvika [58]

Answer:

A process whereby managers direct employees to perform certain tasks.

Explanation:

Coordination plays a very important part in the success of an organization. With a number of different people and departments working towards a common goal, it presents a lot of advantage to help keep the efforts synchronized and integrated.

Cordination is an ongoing process for achieving a specific goal in the organisation.

Managerial coordination ensures unity of action among the employees in carrying out various activities and tasks to ensure the growth of the organisation.

6 0
3 years ago
Gems Corp. is a leading jewelry brand that finds it hard to make as much profit as its competitors. In order to overcome this, t
Leni [432]

Answer: B - Internal Analysis

Explanation: Internal Analysis involves a company looking inwards to determine it's competencies, strength, weakness and advantages. Internal anaylsis usually incorporates a SWOT analysis.

A SWOT analysis is the analysis of the strength, weakness, opportunities and threats of the organisation.

An external analysis involves analysing the market place and economy to identify trends and put measures in place to take advantage of current trends to ensure profit maximization.

Competitior anaylsis involves analysising the competitions of an organisation to identify threats and opportunities so as to maximaise profit

Client advantage can arise from building a loyal customer base that always patronise the business or having a company been one of the few producers of a product.

In the case of Gems Corps, they looked inwards and made improvements to how the company is run.

Therefore,Gems Corps made use of Internal Analysis.

I hope my answer helps.

Goodluck

4 0
3 years ago
The United States and France both produce sweaters and caps. Suppose that a US worker can produce 50 caps per hour or 1 sweater
Andrews [41]
Answer
B
Explanation
5 0
3 years ago
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