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My name is Ann [436]
3 years ago
14

Accounting Equation Shannon Cook is the stockholder and operator of Personality Shine LLC, a motivational consulting business. A

t the end of its accounting period, December 31, 2017, Personality Shine has assets of $836,000 and liabilities of $201,000. Using the accounting equation, determine the following amounts:a. Stockholders' equity as of December 31, 2017?b. b. Stockholders' equity as of December 31, 2018, assuming that assets decreased by $159,000 and liabilities decreased by $48,000 during 2018
Business
1 answer:
Neporo4naja [7]3 years ago
3 0

Answer:

a. Stockholders' equity as of December 31, 2017: $635,000

b. Stockholders' equity as of December 31, 2018: $524,000

Explanation:

Please find the below for detailed explanation and calculations:

We have the Accounting Equation as: Total Asset = Total Liabilities + Total Equity <=> Total Equity = Total Asset - Total Liabilities

Applying the Accounting Equation to find the Stockholder's Equity at the two point of time require, we have the calculation as below:

* December 31, 2017:

Total Asset = $836,000; Total Liabilities = $201,000

<u>=> Total Stockholder's Equity = $836,000 - $201,000 =$635,000</u>

*December 2018:

Total Asset = $836,000 - $159,000 = $677,000; Total Liabilities = $201,000 - $48,000 = $153,000

<u>=> Total Stockholder's equity = $677,000 - $153,000 = $524,000 </u>

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The spread between the interest rates on bonds with default risk and default-free bonds is called the risk premium.

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3 years ago
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<span>A rise in the discount rate cuts the present value factor and the present value. This is for the reason that a higher interest rate means you would have to set a smaller amount aside today to earn a specified amount in the future. A decrease in the time period increases the present value factor and increases the present value. In other words, when you earn more interest, you can capitalize less money today to have the same amount at a given point in the future.</span>

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