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
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

You might be interested in
The omission of the adjusting entry to record depreciation expense will result in an
Gemiola [76]

Answer:

B.overstatement of assets and an overstatement of owners' equity.

Explanation:

To recognize depreciation expense,the entries required are

Debit depreciation expense

Credit Accumulated depreciation

The accumulated depreciation is a credit balance in the fixed asset account. Depreciation is also an expense that reduces net income and thus reduces the owners equity.

Hence an mission of the adjusting entry to record depreciation expense will result in an overstatement of assets and an overstatement of owners' equity.

6 0
3 years ago
question 3 fill in the blank: data involves creating new ways of modeling and understanding the unknown by using raw data.
faltersainse [42]

Data analysis involves creating new ways of modeling and understanding the unknown by using raw data.  

Working with data to extract relevant information that may be used to guide decisions is known as data analysis.

   What is data analysis?

  • Data analysis tools are software and programmers that gather and analyze data about a company, its clients, and its competitors in order to streamline operations and help decipher patterns so that decisions may be made using the data.
  • The process of inspecting, purifying, manipulating, and modelling data in order to find relevant information, support inferences, and help decision-making.
  • Data analysis is utilized in several fields of business, science, and social science and has many dimensions and methodologies.
  • It includes various techniques and goes by many different names. Data analysis contributes to more scientific decision-making and more efficient business operations in the modern business world.

To learn more about data analysis visit:brainly.com/question/18169335

#SPJ4

8 0
2 years ago
There is a connection between the content of an advertisement and the characteristics of the media used to carry the message. Th
GuDViN [60]

Answer: a. Television

b. Radio

c. Magazine

d. Newspaper

e. Internet/Mobile

f. Outdoor/Billboard

g. Direct marketing

Explanation:

Based on the different types of media available, the answers to the items below will be:

a. High cost: several channel and program options; may increase awareness of competitors' products.

The above description is for Television.

b. Relatively inexpensive; can be selectively targeted; wide reach.

The above description is for Radio.

c. Very targeted; subscribers pass along to others.

The above description is for Magazine

d. Can be expensive some markets; advertisements have short life span.

The above description is for Newspaper.

e. Can be linked to detailed content; highly flexible and interactive; allows for specific targeting.

The above description is for Internet/Mobile

f. Is not easily targeted; has placement problems in some markets; exposure time is very short.

The above description is for Outdoor/Billboards

g. Highly targeted; allows for personalization.

The above description is for direct marketing

7 0
3 years ago
You bought a stock three years ago and paid $45 per share. You collected a $2 dividend per share each year you held the stock an
kakasveta [241]

Answer:

5.84%    

Explanation:

We use the RATE function that is shown in the excel. Kindly find the attachment below:

The NPER shows the time period.  

Given that,  

Present value = $45

Future value or Face value = $47

PMT = $2

NPER = 3

The formula is shown below:

= Rate(NPER,PMT,-PV,FV,type)    

So, the annual compound rate of return is 5.84%            

5 0
3 years ago
"In 2020, a customer buys a 3 3/4% U.S. Government bond maturing in 2029 at 104-16. The customer elects to amortize the bond pre
Lana71 [14]

Answer:

carrying value after 2 years = $967.64

Explanation:

the journal entry to record the purchase of  the bond:

Dr Investment in bonds 1,000

Dr Premium on investment in bonds 41.60

    Cr Cash 1,041.60

Assuming a straight line amortization, the yearly amortization = $41.60 / 9 years = $4.62 per year

carrying value at moment of purchase = $958.40

carrying value after 1 year = $963.02

carrying value after 2 years = $967.64

8 0
3 years ago
Other questions:
  • Rodriguez Company pays $375,000 for real estate plus $19,875 in closing costs. The real estate consists of land appraised at $18
    13·2 answers
  • Billy Mitchell is the head cashier for a clothing store that specializes in men’s silk suits. After losing big at the local dog
    6·1 answer
  • You need a quick $20 for dinner with a friend at a place that doesn't take credit cards. What should you do?
    6·2 answers
  • Another term for a pre- inspection agreement is
    5·1 answer
  • What does a current ratio of 1.20:1 mean?
    15·1 answer
  • The total amount of cash and other assets received by a corporation from its stockholders in exchange for its stock is:________
    8·1 answer
  • A company recorded 2 days of accrued salaries of $1,500 for its employees on January 31. On February 9, it paid its employees $7
    9·1 answer
  • New classical economists believe that an increase in deficit financing by the government will
    13·1 answer
  • At the beginning of the year, SnapIt had $10,000 of inventory. During the year, SnapIt purchased $35,000 of merchandise and sold
    15·1 answer
  • Discriminatory practices that are deeply embedded in institutions such as education, health care, business, and criminal justice
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!