Answer: $11,200
Explanation:
Using the accounting equation:
(Total Assets) = (Total Liabilities) + (Total Capital)
So,
(Total Liabilities) = (Total Assets) - (Total Capital) (1)
Based on equation (1), in order to compute for the total liability, we need to compute the total assets and total capital.
At the end of the first year, the following are the assets Shapiro's consulting services (together with the amount):
Cash: $16,000
Office Supplies: $3,200
Equipment: $24,000
Accounts Receivable: $8,000
TOTAL ASSETS $51,200
Note that the total assets is obtained by adding the amount (or value) of the all the assets listed above.
Since the net income is an increase (or decrease if it's a net loss) of capital, we classify net income as capital. In particular, the net income of Shairo's at the end of first year adds to the capital at the start of first year.
Moreover, the withdrawal of money by the owner also decreases the capital.
Thus, the total capital at the end of first year is calculated as follows:
Capital (start of the year): $15,000
Net Income (end of year): $27,000
Withdrawal Amount: ($2,000)
TOTAL CAPITAL: $40,000
Note: ($2,000) means -$2,000. This notation is used in accounting.
Hence using equation (1), the total liabilities at the end of first year is given by
(Total Liabilities) = (Total Assets) - (Total Capital)
= $51,200 - $40,000
Total Liabilities = $11,200
Answer:
B) the supply by sellers meets the demand from buyers.
Explanation:
The market clearing price is also called the equilibrium price. At the equilibrium price for a given product or service, both the quantity supplied by the suppliers and the quantity demanded by the consumers is EQUAL. In a supply and demand curve, the equilibrium price is where both curves meet.
Error in true mean = +/-Z*
Where; Z=2.58 at 99% confidence interval, s= sd = 0.25 hours, n=sample population = 60 refrigerators
Therefore;
Margin of error = +/-2.58*
= 0.0832 hours
Answer:
b.extract maximum profits from its investments.
Explanation:
A harvest strategy is when companies reduce the investment they have in a product that is in the end of its life cycle to be able to get the highest profits possible so the investors can get their money. According to this, the answer is that in a declining industry, a company may utilize a harvest strategy and extract maximum profits from its investments.
The other options are not right because in a harvest strategy companies decrease thir investment, they don't go to a new market and as they are trying to get the maximum profit possible, they are not interested in increasing the advertising expenditure.
Answer:
You could have done a transaction that you didn't take into consideration in the check register.
this might be:
1. check
2. debit card withdrawal or POS transaction
3. Bank charges
4. fees for an order of checks
