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
GuDViN [60]
3 years ago
13

Ending assets for CompuHelp equals $650,000, and the beginning retained earnings was $325,000. If net income during the period w

as $225,000 and the cash dividends paid total $150,000, what is the ending liabilities (assume common stock is zero)?Ending liabilities will be $250,000
Business
1 answer:
stira [4]3 years ago
5 0

Answer:

It is $250,000

Explanation:

Ending retained earning = Retained earnings at the beginning+Income during the period-dividends paid

= $325,000+$225,000-$150,000

= $400,000

Ending liabilities = Total Assets- Ending retained earnings

                           = $650,000-$400,000

                           =$250,000

Using Accounting equation, All Assets= Total equity and liabilities

You might be interested in
The five new production assistants at Hollywood Studios will attend an orientation meeting on their first day. During orientatio
Lera25 [3.4K]

Answer: Corporate

Explanation:

Corporate culture simply refers to the standards, shared values, attitudes, and beliefs by which the members of an organization are characterized.

The corporate culture is important in guiding how the employees of an organization think and act as it symbolizes the personality of the company shows its core beliefs. New employees are expected to know the corporate culture of an organization.

4 0
3 years ago
On January 1, 2022, Skysong, Inc. purchased equipment for $44280. The company is depreciating the equipment at the rate of $620
Svetllana [295]

On December 31, 2022, the book value of the equipment comes out to be $36,840 with monthly depreciation of $620.

Option D is the correct answer.

<h3>What is meant by depreciation?</h3>

Depreciation is a method that applies to tangible fixed assets where the fall in the value of an asset has been recorded.

Given values:

The purchase cost of equipment: $44,280

Monthly depreciation: $620

<u>Step-1</u> Computation of annual depreciation charges:

\rm\ Annual \rm\ depreciation=\rm\ Monthly \rm\ depreciation \times \rm\ Number \rm\ of \rm\ months \rm\ in  \rm\ a \rm\ year\\\rm\ Annual \rm\ depreciation=\$620 \times\ 12\\\rm\ Annual \rm\ depreciation=\$7,440

<u>Step-2</u> Computation of book value of the equipment at the year-end:

\rm\ Equipment's \rm\ Book \rm\ value=\rm\ Purchase \rm\ Cost \rm\ of \rm\ Equipment-\rm\ Annual \rm\ Depreciation \\\rm\ Equipment's \rm\ Book \rm\ value=\$44,280-\$7,440\\\rm\ Equipment's \rm\ Book \rm\ value=\$36,840

Therefore, when the company purchases equipment at $44,280 with annual depreciation is $7,440, then the equipment's book value comes out to be $36,840 at the year-end.

Learn more about the depreciation in the related link:

brainly.com/question/14682335

#SPJ1

3 0
2 years ago
Bob, age 17, has entered into a contract to buy a car. The contract is: a. voidable. b. void. c. voidable only if Bob can return
AysviL [449]

Answer:

The correct answer is letter "A": voidable.

Explanation:

Voidable contracts are those that cannot be enforced because one or the two parties involved are not legally eligible to go on in such an agreement. Reasons to void a contract include but are not limited to failure to disclose material facts, legal incapacity to enter a contract or inconsistent contractual terms.

Thus, <em>Bob's contract to purchase a car is voidable since he is legally incapable of signing agreements due to his age (17 years old).</em>

4 0
3 years ago
your company’s marketing manager implements the company’s new marketing strategy and tactics on the market. what types of inform
stiks02 [169]

The type of information the marketing manager needs to monitor to judge the plan's successful implementation and strategic effectiveness are profits, customer relations, sales information, and competitor reactions.

A marketing strategy is one whose objective is to position the company in relation to competitors, through the creation of value that will help attract and retain consumers.

There are several tools that can help shape an organization's marketing strategy, such as:

  • The 5 P's of marketing.
  • SWOT Analysis.
  • CRM.

Therefore, the manager must monitor profits, company-customer relationships, sales, and competitor reaction to judge the success of a marketing plan, which should generate value and market leadership for an organization.

Learn more here:

brainly.com/question/1577600

8 0
3 years ago
what is the quistan to nunber four pleas help me i realy need your help if you cant help me thats fine but can you try to help m
DochEvi [55]
Yeah there is not question or upload up there

8 0
3 years ago
Other questions:
  • Phillips Corporation purchased 1,000,000 shares of Martin Corporation's common stock, which constitutes 10% of Martin's voting s
    7·1 answer
  • Jason, a manager, directs the efforts of others through tasks, rewards, and structures. he uses the __________ approach to leade
    10·1 answer
  • A closer look: differences among the nutrition standards and guidelines and when
    5·1 answer
  • Melvin receives stock as a gift from his uncle. No gift tax is paid. The adjusted basis of the stock is $30,000 and the fair mar
    12·1 answer
  • the inventory method that will always produce the same amount for the cost of goods sold in a periodic invenotry system as
    13·1 answer
  • Suppose a tax of $3 per unit is imposed on a good. The supply curve is a typical upward-sloping straight line, and the demand cu
    5·1 answer
  • Strategic business units that have a relatively low market share but have the potential to grow are best categorized under _____
    11·1 answer
  • What is a public corporation
    11·2 answers
  • To compare statement of cash flows reporting under the direct and indirect methods, indicate whether each item is used in the di
    7·1 answer
  • Ultimo Co. operates three production departments as profit centers. The following information is available for its most recent y
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!