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tatyana61 [14]
3 years ago
15

Ginger Enterprises began the year with total assets of $500,000 and total liabilities of $250,000.

Business
1 answer:
vazorg [7]3 years ago
6 0

Answer:

1. $250,000

2. $273,000

3. $455,000

4. $750,000

Explanation:

We know that

Accounting equation is

Total assets = Total liabilities + Shareholder equity

1. The equity would be

= $500,000 - $250,000

= $250,000

2. The equity would be

Total assets = $500,000 + $100,000 = $600,000

Total liabilities = $250,000 + $77,000 = $327,000

So, the equity is

= $600,000 - $327,000

= $273,000

3. Total assets

Total liabilities = $250,000 + $33,000 = $263,000

Owner equity = $250,000 - $58,000

= $192,000

So, the total assets is

= $263,000 + $192,000

= $455,000

4. Total liabilities equal to

= $1,000,000 - $250,000

= $750,000

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7 0
3 years ago
A company produces a single product. Variable production costs are $13.50 per unit and variable selling and administrative expen
Dominik [7]

Answer:

$15,525

Explanation:

Calculation for ending inventory under variable costing

Using this formula

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Thus,

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3 years ago
Which of the following lists only the factors that would cause a decrease in the supply of an item? A. A fall in input prices; a
Brut [27]

Answer: d) a rise in input prices; a decrease in the number of sellers in the market; a rise in the price of a substitute in production.

Explanation:

Supply simply has to do with the amount of goods that a particular producer is willing to sell to economic agents at a particular price and at a given time.

It should be noted that rise in input prices; a decrease in the number of sellers in the market; a rise in the price of a substitute in production would cause a reduction in supply of goods and services.

This is because when the number of sellers reduce, the supply will also reduce as there are lesser people supplying the goods. Also, when the prices of input increases, it affects cost and supply reduces.

Therefore, the correct option is D.

5 0
2 years ago
The Missing Link Chain-Link Fence Company is trying to determine how many chain-link fabricating machines to buy for its factory
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Answer:

Explanation:

What is given:

The price of a new fabricating machine - 60

The price of a one-year-old machine - 51

The real interest rate is 10% per year

Marginal product of fabricating machines 165-2K (K - desired number machines)

If calculate the depreciation, (60-51)/51 = 15%

a) Find user cost of capital

User cost of capital is the sum of interest rate and depreciation cost multiplied by the price of new machine

= 60*(0.10+0.15) = 15 units

b) Determine the number of machines that will allow Missing Link to maximize its profit

165-2K=15

2K = 150

K = 75 machines

c)

Suppose that Missing Link must pay a tax equal to 40% of its gross revenue. What is the optimal number of machines for the company?

165-2K = 15/(1-0.4)

165-2K=14/0.6

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3 years ago
a consumer's line or constraint shows various combinations of two products that can be purchased with a specific amount of incom
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Various mixtures of profits assets may be used to derive this type. as instance, at the maximum precise degree, the profits sources are blended into five components: wages and salaries, self-employment income (farm and non-farm), government switch payments, investment earnings, and other profits.

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