1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vika [28.1K]
3 years ago
14

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

You might be interested in
The recording of transactions and events is called:.
Vaselesa [24]
Record-keeping.

Explanation:

The definition of record keeping is keeping records, or units of preserved information. This information can also be kept in books, which brings us to another term; bookkeeping.
8 0
2 years ago
All else equal, which of the following would tend to cause real GDP per person to rise? a. a change from inward-oriented policie
bagirrra123 [75]

Answer:

The correct option is D

Explanation:

GDP (Gross Domestic Product) is the monetary amount of all the finished goods and services which is made within a country during a particular period. It measures or evaluates the value of the economic activity within a country.

Rise in GDP could be because of the strengthening in the property rights, increase in the investment in human capital and change from inward oriented policies to the outward policies.

.

8 0
3 years ago
Suad Alwan, the purchasing agent for Dubai Airlines, is interested in determining what he can expect to pay for airplane number
lions [1.4K]

Answer:

Alwan expect to pay for airplane 4= $747818.48

Explanation:

given data

expect to pay airplane =  4

3rd plane produce = 20,000 hours

learning curve = 85%

solution

As here logarithmic approach allow get labor for any unit, TN,  as

TN = T1(Nb)

here TN is time for the Nth unit  and T1 is hours to produce the first unit  

so

b  = (log of the learning rate) ÷ (log 2) = slope of the learning curve

so

T3 = T1(3log(0.85)÷log2)

so we get

So Alwan expect to pay for airplane 4 = $747818.48

6 0
3 years ago
When entrepreneurs bring a new product to market or use a new production method, they are?
Tamiku [17]
Entrepreneurs are people who design, launch and run new businesses that are initially small with an aim of making profit. When entrepreneurs are bringing a new business or a new production method to the market they are innovating. Innovation is the process of implementing new idea or method of production in a business to create or increase value of a organization.
6 0
3 years ago
When there is a shortage, rationing is a method of distributing goods by using prices.
Cerrena [4.2K]
True, rationing is the selling of scarce goods or services in events such as war. Items are distributed in fairness to each citizen and they have to take a ration book to say what they have or haven't had and how much of it they have had.
6 0
4 years ago
Other questions:
  • Select all items that describe command economies.
    13·2 answers
  • Which accounts are affected in the closing process under a perpetual inventory system?
    14·1 answer
  • Warm Hearths, a home fashion magazine, is designed to appeal to people who want to know the latest trends in interior design. It
    6·1 answer
  • Many years ago G bought a life policy. Since then G decided to replace that coverage with a policy that was purchased firsthand
    11·1 answer
  • _ are unique because the technology is based on the human brain and focuses on pattern recognition from large data sets. A. Lear
    8·1 answer
  • You run a small community or country and your primary output is the growing of wheat and the sewing of socks. You are able to pr
    11·1 answer
  • The unadjusted trial balance for Sheffield Corp. is shown below.
    5·1 answer
  • Sue purchased a stock for 45 a share, held it for one year received a 2.34 divided and sold the stock for 46.45. what nominal ra
    12·1 answer
  • 4. Tim moves to a different state and buys a house in his new city. His new house is bigger than the apartment he lived in befor
    8·1 answer
  • The assembly line at the ice cream production facility used to have 20 workers. It now has 10 employees and 10 robots to do the
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!