Answer:
the Digby Corporation's total liabilities is $156.92 million
Explanation:
The computation of the total liabilities is given below:
Total Liabilities is
= Total Asset - (Total Common Stock + Retained Earnings)
= $210.761 - ($6.350 + $47.491)
= $210.761 - $6.350 - $47.491
= $156.92 million
Hence, the Digby Corporation's total liabilities is $156.92 million
The same should be relevant
Answer: is based on when the asset is expected to be converted to cash, or used to benefit the entity.
Explanation:
Also known as a Short-Term asset, a current asset is an item of value that a company can either use or sale within a period to gain cash to clear current liabilities. Current assets can easily be converted to cash by sales or use.
Answer:
D. Accounts for resources that are legally restricted so only earnings, not principal, may be expended.
Explanation:
Based on the scenario been described in the question, we can say that a permanent fund classified under governmental funds are accounts for resources that are legally restricted so only earnings, not principal, may be expended. We have government funds as special service funds and debt service funds. so we this explanation, we can see that the best is option D which is the correct answer.
Answer:
-$20,000 short fall
Explanation:
July:
Total cash available:
= Cash balance + Cash collections
= $12,000 + $67,000
= $79,000
End cash:
= Total cash available - Cash payments
= $79,000 - (33,000 + 12,000)
= $79,000 - $45,000
= $34,000
August:
Total cash available:
= Cash balance + Cash collections
= $34,000 + $33,000
= $67,000
End cash:
= Total cash available - Cash payments
= $67,000 - (34,000 + 20,000 + 33,000)
= $67,000 - $87,000
= -$20,000 (Short fall)
Answer:
As the price level rises, imports become relatively cheaper than domestically produced goods.
Explanation:
The aggregate demand curve is a graph showing the total quantity of all goods and services demanded by an economy at different price levels.
As price level increases, the cost of domestic goods increases and imports become cheaper. As a result, the demand for domestic goods falls as price level falls and the demand for imported goods increases.
