Answer:
$328,000
Explanation:
As we all know that:
Ending Equity = Opening Equity + Share Issues + Net Income – Net Loss – Dividends Paid
Here,
Opening Equity is $293,000
Money raised through Shares Issuance was $24,000
Net Income would be $69,000
Dividends paid were $58,000
There were no losses as their is Profit for the year (Net Income).
By putting values, we have:
Ending Equity = $293,000 + $24,000 + $69,000 - $58,000
= $328,000
Answer:
2.
Explanation:
On March 15, 2017, it was raised by $1.7B. On September 30, 2017, the debt ceiling was suspended. On March 1, 2019, it was $22.03T and raised by $2.18B. On August 2, 2019, it was again, suspended.
Answer:
The deposit of $178,000 by Mr. Rho appears under Liabilities of Waterfield Bank as shown in the attached photo.
Explanation:
Note: See the attached photo for the T-account Illustration for Waterfield Bank after this transaction has occurred.
The the proceeds of the home sale deposited by Mr. Rho into his checking account at Waterfield Bank is liability to Waterfield Bank. Therefore, the deposit of $178,000 by Mr. Rho appears under Liabilities of Waterfield Bank as shown in the attached photo.
Answer:
True
Explanation:
Some countries are known to have people with special skills and competences that may not be available to others.
Hence where a company sees that the skills and competence required may not be adequately available in the local market, the company has the option of hiring employees from outside the country.
This may however be at a cost higher than the cost that would have been incurred if the company had hired the employee from the host country.
Answer:
Production= 11,300 units
Explanation:
Giving the following information:
Sales:
March 10,800 units
April 13,300
Meadow Company’s ending finished goods inventory policy is 20% of the following month’s sales.
March 1 beginning inventory is projected to be 2,160 units.
<u>To calculate the production for March, we need to use the following formula</u>:
Production= sales + desired ending inventory - beginning inventory
Production= 10,800 + (13,300*0.2) - 2,160
Production= 11,300 units
