1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vlad [161]
4 years ago
7

At year-end 2016, total assets for Arrington Inc. were $1 million and accounts payable were $410,000. Sales, which in 2016 were

$2.7 million, are expected to increase by 30% in 2017. Total assets and accounts payable are proportional to sales, and that relationship will be maintained; that is, they will grow at the same rate as sales. Arrington typically uses no current liabilities other than accounts payable. Common stock amounted to $470,000 in 2016, and retained earnings were $340,000. Arrington plans to sell new common stock in the amount of $60,000. The firm's profit margin on sales is 3%; 40% of earnings will be retained. What were Arrington's total liabilities in 2016?
Business
1 answer:
Fudgin [204]4 years ago
3 0

Answer:

$190,000

Explanation:

Given that,

Total assets for Arrington Inc. = $1,000,000

Common Stock = $470,000

Retained earnings = $340,000

Total Liabilities = Total Assets - Common Stock - Retained earnings

                         = $1,000,000 - $470,000 - $340,000

                         = $190,000

Therefore, Arrington's total liabilities in 2016 is $190,000.

You might be interested in
A company can save tens of thousands of dollars in the long run by converting to energy saving bulbs and instituting energy savi
Vesnalui [34]

Answer: business proposal

Explanation:

Business proposal shows the benefits of embarking on a particular project, the plans needed to execute the project, the breakdown of materials needed to achieve the aim of the project, time frame, and the budget or total cost breakdown to successfully complete the project.

In summary, business proposal is written in other to convince investors to invest in a particular project.

3 0
3 years ago
Clement applies for a home loan at global bank inc. as part of the process, he provides his personal details to the bank. the ba
Hitman42 [59]

The bank’s action is considered to be legal though it is unethical. It is because having to take the information of Clement is legal though it is considered unethical because they used his information just to sell him the insurance policies.

6 0
3 years ago
The award winning competence demonstrated by the WellPoint PMO gave WellPoint a competitive advantage in their government contra
Ksju [112]
It’s A I just took the test
6 0
3 years ago
Which individuals is exempt from licensure under Florida statute 475?
Aliun [14]

Answer:

Explanation:

The plumber must first be licensed under F.S. 475, Part II. Persons appointed by a court of law to perform real estate services are exempt from real estate licensing requirements when employed by government agencies, railroads, rural electric cooperatives, or public utilities.

3 0
3 years ago
an employee believes that the performance appraisal was unfairly influenced by a drug error that the employee committed several
notsponge [240]

The phenomenon experienced by the client when he believed that the performance appraisal was unfairly influenced by a drug error that the employee committed several weeks ago, is called the Horns Effect.

<h3>What is the Horns Effect?</h3>

The Horns Effect is a rater bias property in performance appraisal at workplace. It is a tendency for a single negative attribute to influence the rater to mark everything on the lower side of the scale. It is a bias that makes them think that one bad attribute seems to spoil the bunch.

It is the exact opposite of Halo Effect and makes decision making challenging. Horns Effect may lead to unfair sanctions or inappropriate dismissal of the employee.

To know more about Horns Effect, visit:

brainly.com/question/988504

#SPJ4

8 0
2 years ago
Other questions:
  • The product life cycle refers to __________.
    9·1 answer
  • _____ is the reward savers earn for deferring consumption. a. dividend b. wage c. interest d. profit
    9·1 answer
  • An investment offers $7,100 per year for 20 years, with the first payment occurring one year from now. If the required return is
    13·1 answer
  • Immediately after the Fed changes the money supply from its initial equilibrium level, the quantity of money supplied is less th
    12·1 answer
  • How much are you willing to pay for one share of Jumbo Trout stock if the company just paid a $0.70 annual dividend, the dividen
    12·1 answer
  • If the mps in an economy is 0.1, government could shift the aggregate demand curve rightward by $40 billion by question 3 option
    15·1 answer
  • Aaron and Michele, equal shareholders in Cavalier Corporation, receive $25,000 each in distributions on December 31 of the curre
    7·1 answer
  • Commercial banks hold deposits and
    5·2 answers
  • The underlying assumption of the dividend growth model is that a stock is worth: Group of answer choices
    8·1 answer
  • Identify each statement as true or false. 1. Process cost systems are used to apply costs to similar products that are mass-prod
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!