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AnnyKZ [126]
4 years ago
15

Assets and liabilities of a company are $150,000 and $30,000, respectively. Determine owner's equity using the accounting equati

on.
Business
1 answer:
Feliz [49]4 years ago
6 0

Answer:

Owner's Equity= $ 150,000- $ 30,000= $ 120,000

Explanation:

The accounting equation is  Assets= Liabilities + Owner's Equity

     $ 150,000= $ 30,000 + Owner's Equity

Owner's Equity= $ 150,000- $ 30,000= $ 120,000

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Q 6.26: Early in 2022, Baker Company switched to a JIT (just-in-time) inventory system. Financial information for the two most r
kipiarov [429]

Answer:

Incomplete question.

Explanation:

Now that using different inventory systems would result in a different value of the inventory.

For example, the JIT (just in time) system implies that the company request inventory just in time when they are needed for production or supply. It therefore means that the value of their inventory level using this method should be lesser, since Baker Company would only receive inventory of what it wants to utilize immediately.

7 0
3 years ago
The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following i
dem82 [27]

Answer:

$213,500.

Explanation:

Retained earnings balance at the beginning of the year $ 166,000

- Cash dividends declared for the year   52,000

+ Net income for the year   99,500

6 0
2 years ago
4-1) Consider any organization you are aware of from work, study, or the media. How do they manage people? Do people in those or
kherson [118]

There are different organizations with different ways of management of resources and personnel. The answers to the questions is below;

In the organization that I had worked for, I can say they have a good management. They are very direct in their management, they make you understand your duties and they make sure all follow the process outline. There are often consequences if one fails to perform his or her duties but their management was great and it lead to the growth of the organization.

People in those organizations feel important because the organization value them, value their input and personal wellbeing as well as their growth.

I worked in the accounting/ sales management unit for some months and I can say it was a good experience for me as I got to known more about using good software that makes it easy to work. I did a get job from the onset of my work. The Managing director was happy and had to increase my salary in the first month.

I can say my experience was more of educative as I learnt a whole lot of things. The Experience of the others was a little different from mine but they both believe that they did grow intellectually and morally.

Learn more about organization management from

brainly.com/question/25703249

5 0
2 years ago
Sixty years ago, your mother invested $3,800. Today, that investment is worth $430,065.11. What is the average annual rate of re
LuckyWell [14K]

Answer:

8.2%

Explanation:

As we know that:

r = (Future Value / Present Value)^(1/Time)   - 1

Here

Future Value is $430,065.11

Present Value is $3,800

Time is 60 years

By putting values, we have:

r = ($430,065.11 / $3,800)^(1/60)   - 1

r = (113.16)^(1/60)   - 1

r = 1.082 - 1 = 8.2%

3 0
3 years ago
Assume Argentina has production possibilities to produce either 35 batches of apples or 70 batches of peaches using 100 worker h
konstantin123 [22]

Answer:

40

Explanation:

Batches of apples produced in one hour = 35/100 = 0.35

Batches of peaches produced in one hour = 70/100 = 0.70

total hours it would take to produce 15 batches of apples = 15 / 0.35 = 42.86 =  43 hours

this would leave (100 - 43) 57 hours to make peaches

Batches of peaches that can be made in 43 hours = 57 x 0.7 = 39.9 = 40 batches

7 0
3 years ago
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