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
KATRIN_1 [288]
2 years ago
9

At the end of the current period, Maltese, Inc. reports the following amounts: Assets = $52,300; Liabilities = $21,100; Dividend

s = $5,810; Revenues = $20,100; Expenses = $13,600. Calculate net income and stockholders' equity at the end of the period.
Business
1 answer:
givi [52]2 years ago
3 0

Answer:

SE = 30,510

Explanation:

We are going to use the accounting equation to solve for SE:

Assets = Liablities + Equity

Assets = Liab + SE + net income - dividends

First we have to solve for net income:

20,100 Revenues - 13,600 expenses = 6,500 net income

Now we can post the know value in the formula an solve for Stockholders equity:

52,300 = 21,100 + SE + 6,500 - 5,810

SE = 52,300 - 21,1000 + 6,500 + 5,810

SE = 30,510

You might be interested in
For example, administrative expenses should be $3,700 per month plus $41 per course plus $7 per student. The company’s sales sho
JulijaS [17]

You have to put all together, divide and multiply

7 0
3 years ago
Under normal conditions, air management increases your work time, but if you are lost or trapped, it:_______
zaharov [31]

Air management - Increases the amount of time you can survive before escaping or being rescued

What is air management?

Our air management systems' main duties include controlling cabin temperature and air conditioning, bleed air for engines, fuel tank inerting, cabin pressurisation and control, ventilation, ice protection, and liquid cooling.

We provide cutting-edge air management solutions that make flying safe, healthy, and comfortable. A wide variety of fixed-wing and rotary-wing commercial and military aircraft are equipped with electric and pneumatic systems.

To learn more about Air management

brainly.com/question/24845876

#SPJ4

3 0
1 year ago
A change from straight-line depreciation to double-declining-balance depreciation would be reported as__________.
sertanlavr [38]

A change from straight-line depreciation to double-declining-balance depreciation would be reported as a restatement of the prior period statements only.

The term depreciation refers to an accounting technique used to spread the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of an asset's value has been used. It allows companies to generate income from the assets they own by making payments over a period of time.

Depreciation expense is apportioned to charge a reasonable portion of the depreciation amount for each accounting period over the expected useful life of the asset. Depreciation includes the depreciation of assets with a predetermined useful life.

Learn more about depreciation here:brainly.com/question/1203926

#SPJ4

8 0
1 year ago
Ronald is 92 years old and in poor health. Clever investing earlier in his life has left him with a sizeable income. He is able
Sergio039 [100]

Answer:

Two(2) exemptions

Explanation:

The first exemption would be based on the fact that Ronald has health challenges while the second exemption would be on the basis of Ed's (his son) state of mental capability.

8 0
3 years ago
Beginning three months from now, you want to be able to withdraw $2,800 each quarter from your bank account to cover college exp
mr Goodwill [35]

Answer:

You will need to have $ 55,006.94

Explanation:

We need first to consider the following details according to the problem

We have a Annuity amount of $ 2900, a Rate(r)= 0.51%, and a Time(n)= 5 years (or 20 quarters ) .

To reach to the money that we would need to have in the bank today to meet the expense over the next four years we use the following formula:

PVA= annuity amount × [1 - (1 / (1 + r)n)] / r

PVA= $ 2900 x[ 1-{ 1/(1+0.0051)20)]/0.0051

PVA= $ 55,006.94

4 0
3 years ago
Other questions:
  • Visit each of the three credit reporting agencies and find an example of a credit report. For each, describe a different portion
    9·1 answer
  • The ​state and performance of a raid-z volume can be viewed using what two commands?
    14·1 answer
  • At the completion of the project, the working capital will be released for use elsewhere. Compute the net present value of the p
    13·1 answer
  • Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $435,000, and its year-e
    7·1 answer
  • A referee at an american football game issues a decision against the red team and in favor of the blue team. a controversy ensue
    9·1 answer
  • Workers describe me as realistic
    10·2 answers
  • A company is setting its direct materials and direct labor standards for its leading product. Direct materials cost from the sup
    10·1 answer
  • Some people view cosmetic surgery (c) and facials (f) as perfect substitutes as measured by the utility function U(c,f) = 5c + 1
    15·1 answer
  • A company receives a 10%, 120-day note for $1,500. The total interest due on the maturity date is: (Use 360 days a year.)
    10·1 answer
  • Point-of-purchase displays in grocery stores, coupons, premiums, and trial-size packages are most useful when the consumer is ne
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!