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3 years ago

Kolander Company has the following accounts and balances at the end of the year:

Business

1 answer:

Mrac [35]3 years ago

4 0

Answer:

The correct answer is $ 49,000. (which is not in options)

Explanation:

This problem requires us to calculate value of retain earning at the end of the year. We know that assets = equity + liabilities and equity = common stock + retain earning. Following this rule we can easily calculate amount of retain earning. Detail Calculation is given below.

Asset

Accounts Receivable $30,000

Land $42,000

Investments $7,000

Building $59,000

Cash and Equivalents $80,000

Equipment $64,500

Supplies $6,000

Total Asset $288,500

Less

Liability

Notes Payable $59,000

Interest Payable $5,500

Income Taxes Payable $10,000

Accounts Payable $38,000

Total Liabilities $112,500

Less

Equity

Common Stock $127,000

Retain earning $ 49,000

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Ray's Pizzeria is considering the addition of a 5th worker if this increases profit. Pizza sales increased from 300 per day to 3

Anika [276]

Answer:

60 pizzas

40 pizzas

Explanation:

Marginal product measures the change in output as a result of a change in input by one unit

Marginal product = change in output / change in input

Marginal product for the 4th worker

Change in output = 360 - 300 = 60 pizzas

Change in input = 4 - 3 = 1 worker

Marginal product = 60 / 1 = 60

Marginal product for the 5th worker

Change in output = 400 - 360 = 40 pizzas

Change in input = 5 - 4 = 1

Marginal product = 40 / 1 = 40

It can be seen that marginal product decreased from 60 to 40 when the 5th worker was added. This illustrates diminishing marginal returns.

The law of diminishing returns says as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.

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2 years ago

One of the great benefits of trade is

Tanzania [10]

I believe the answer is: B.That it makes it possible for society to become better off by increasing both its production and its consumption.

Without trades, in order to fulfill all needs of the people, a country need to separate their time and resources to produce each of the needed products. With trades, a country could increase the production of the products in which they have a natural advantage at, and trade the products with other countries in case we need different product that we do not produce here.

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3 years ago

If the liabilities of a business increased $75,000 during a period of time and the owner's equity in the business decreased $30,

GrogVix [38]

Answer:

D. Increased $45,00

Explanation:

Assume that the total assets of the business was $100,000 and the liabilities was $50,000 and the equity was also $50,000.These figures can be expressed in terms of the accounting equation as follows:

Total assets=Total liabilities+Total equity

100,000=50,000+50,000

Now consider that the above mentioned liabilities are increased by $75,000 as stated in question and above mentioned equity is decreased by $30,000 as stated in question, then the assets as per accounting equation can be determined as follows:

Total liabilities=50,000+75,000=$125,000

Total equity=50,000-30,000=$20,000

Assets=$125,000+$20,000=145,000

Total increase in assets=$145,000-$100,000=$45,000

So the answer is D. Increased $45,000

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3 years ago

How long is boot camp for a fire fighting candidate

Trava [24]

After a 12-week program of intense classroom and physical training (hands on), it will follow along with a 21-day Boot camp.

Hope this helped!

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3 years ago

Julio's persuasive speech contained the following statement:

Vika [28.1K]

Answer:

Policy persuasive speech.

Explanation:

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3 years ago

Kolander Company has the following accounts and balances at the end of the​ year:

Kolander Company has the following accounts and balances at the end of the year: