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slega [8]
3 years ago
12

On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $25,500; Accounts Receivable, $7,8

00; Supplies, $1,150; Equipment, $12,600; Accounts Payable, $9,850. What is the amount of equity as of May 31 of the current year?
Business
1 answer:
Alex787 [66]3 years ago
7 0

Answer:

$37,200

Explanation:

In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity

where,

Total assets = Cash + accounts receivable + supplies + equipment

                    = $25,500 + $7,800 + $1,150 + $12,600

                    = $47,050

And, the total liabilities is equal to the account payable i.e $9,850

So, the stockholder equity would be

= $47,050 - $9,850

= $37,200

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What is the interest rate on a three-year investment with a future value of $1000 and a present value of $863.84?
Nimfa-mama [501]
Use
F=P(1+i)^n

Substituting 
F=1000, P=863.84, n=3
solve for i
1000=863.84^(1+i)^3
solving for i 
=> 
i=(\frac{1000}{863.84})^{\frac{1}{3}}-1
=0.0500

Answer: the annual interest rate is 5%
3 0
4 years ago
Little LampLighter Inc has a book value of $10 million in debt; its bonds are trading at $900 and there are 11,000 outstanding.
kumpel [21]

Based on the amount of debt and equity that Little LampLighter has, the weighted average rate of return would be 12.3%.

<h3>What is the weighted average rate of return?</h3>

First find the total value of debt and equity:
= 10 + 25

= $35 million

The weighted average return is:

= (10 / 35 x 8%) + (25 / 35 x 14%)

= 2.286% + 10%

= 12.3%

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7 0
2 years ago
the relationship between the factors of production used by a firm and the maximum output possible is called the
elena-14-01-66 [18.8K]

In economics, a factor of production, resource, or input is what is used in a production process to produce products, i.e. goods or services.

The amounts of various inputs used determine the amount of output according to a relationship known as the production function. The relationship between the inputs a firm uses and the maximum output it can produce with those inputs is called the firm's production function. Factors of production are outputs or inputs used to produce goods and services. They are the resources a business needs to make a profit by producing goods and services. Factors of production fall into four categories: Land, Labor, Capital, Entrepreneurship.

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3 0
1 year ago
Malcolm is a professional writer. He has already published many best-sellers. One of his friends expressed interest in knowing m
maxonik [38]

Answer:

Malcolm is a professional writer. He has already published many best-sellers. One of his friends expressed interest in knowing more about his writing process, so Malcolm showed his friend a few of his first drafts. The friend observed that the drafts were nothing like the final book, and the writing seemed amateurish compared to Malcolm's published work. When asked about it, Malcolm said that it was the normal way of things. In this scenario, the following is the reason of this:

A) ​Malcolm would have revised his work many times before he was satisfied with it.

Explanation:

  • The option A is best reason because generally a writer doesn't break his or her flow while writing and that is what Malcolm would have done. After, he would have revised his work many times until he was satisfied.
  • The option B is not correct as it is not possible to change the book of a writer entirely by the publishing company.
  • The option C is also incorrect as the drafts were not long and cohesive because his friend found the draft amateurish but not perfect.
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4 0
3 years ago
$60 one year ago. The stock is now worth $70. During the year, the stock paid a dividend of $2.25. What is the total return to G
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$60 one year ago. The stock is now worth $70. During the year, the stock paid a dividend of $2.25. The total return to George from owning the stock would be 20% (after rounding off the answer to the nearest whole percent).

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  • To round off the answer to the nearest whole percentage:
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Therefore, the total return to George from owning the stock would be 20%.

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