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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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Laura wants to know more about the organization to which she has applied. What can she do to know more about the organization’s
Nezavi [6.7K]

Answer:

The correct answer would be option B, Get information about the benefits they provide to their employees.

Explanation:

When a person applies for a post in an organization, it is better for him to have some useful knowledge about the working and atmosphere of the organization, so that he will be able to answer the questions according to the level of organizational environment. So the best way to have some information about the company is to get information about the benefits they provide to their employees. This will give you an insight into the fact that how they value their employees and how they treat them. For example, if you come to know that they provide medical facilities, over time allowance, day care service for the working moms, provide residence for employees hired from other cities, etc, then you will have an idea that they treat their employees well and there would be a calm and family like atmosphere when you will go to give interview. Other options are the ones which won't be so much helpful in knowing the organizational culture and won't give enough information about the company.

4 0
4 years ago
Timmy can edit 2 pages in one minute and he can type 80 words in one minute. Olivia can edit 1 page in one minute and she can ty
RUDIKE [14]

Answer:

True

Explanation:

A person has comparative advantage in production if he produces at a lower opportunity cost when compared with other people.

A person has absolute advantage in the production of a good or service If he produces more quantity of the good when compared with other people

To calculate comparative advantage, first find the opportunity cost:

Opportunity cost of timmy editing = 80/2=40 words

Opportunity cost of timmy typing = 2 / 80 = 0.025

Opportunity cost of oliva editing = 100/1= 100

Opportunity cost of oliva typing = 1/100=0.01

Olivia has a comparative advantage in typing while timmy has a comparative advantage in editing.

Olivia types more words than timmy, therefore she has an absolute advantage in typing.

Timmy edits more pages than oliva, Therefore, he has am absolute advantage in editing.

I hope my answer helps you

7 0
3 years ago
Job interviewers often say to job applicants, "tell me about yourself." the purpose of this request is to:
Aleks [24]
The purpose of this question is to:
1) Assess the personal values of the individual.
2) Assess the interviewee's command of language.
3) Assess if the interviewee is witty enough to answer the questions.
4) Assess if the interviewee is able to carry himself well to impress.

Hope this helps you.
5 0
3 years ago
For each separate case, record an adjusting entry (if necessary). Barga Company purchases $20,000 of equipment on January 1. The
zvonat [6]

Answer:

Explanation:

Depreciation: It is a reduction value in the assets due to tear and wear, usage of fixed assets, obsolesce. The depreciation expense is shown in the income statement whereas the accumulated depreciation is shown in the balance sheet under the assets and this amount is deducted from the value of the fixed assets

The adjusting entries are shown below:

For equipment:

Depreciation expense A/c - Equipment Dr $3,600

        To Accumulated depreciation - Equipment $3,600

(Being depreciation expense adjusted)

For land:

No journal entry is required as land is not depreciated.

5 0
4 years ago
On December 1, Watson Enterprises signed a $24,000, 60-day, 4% note payable as replacement of an account payable with Erikson Co
Lera25 [3.4K]

Answer:

Interest expense $80

Explanation:

the journal entry to record the issuance of the note:

December 1, 202x, note issued in replacement of account payable

Dr Accounts payable 24,000

    Cr Notes payable 24,000

the journal entry to record accrued interests payable is:

December 31, 202x, accrued interests payable

Dr Interest expense 80

    Cr Interests payable 80

Interest expense = $24,000 x 4% x 1/12 = $80

8 0
3 years ago
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