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Mkey [24]
3 years ago
12

The balance sheet of the Algonquin Company reported assets of $50,000, liabilities of $22,000 and common stock of $15,000. Based

on this information only, the amount or balance for retained earnings must be:
Business
1 answer:
OleMash [197]3 years ago
4 0

Answer:

$ 13.000

Explanation:

The accounting equation states that :

Total Assets = Total Liabilities + Equity

To accomplish this equation is needed a total value of retained earnings of $13.000 , in this manner you have the equation complete:

$50.000 = Liab. ($22.000) + Equity ($15.000 +$13.000)  

Retained earnings is a component of the Equity next to common stock.

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What term is used to describe spread-out or low-density development beyond the edge of services and employment
Zolol [24]

Answer:

Sprawl

Explanation:

Sprawl can be defined as the situation where an urban settlement expands into nearby country area at the edge of a city .

Factors that lead to sprawl are population and income growth, low cost of living , road network , unlimited use of auto, etc.

Urban sprawl is characterized by uncoordinated , haphazard,and poorly planned urban development. If not properly managed , these could lead to poor environmental conditions like air pollution ,ground level smog and car traffic.

4 0
3 years ago
Best Deals, Inc. has 10 units in ending merchandise inventory on December 31. The units were purchased in November for $160 each
MrMuchimi

Answer:

$1,600

Explanation:

Best deals incorporation has a total of 10 units in the ending merchandise inventory on December 31

The units were bought in the month of November at a price of $160 for each unit

The replacement cost of the item is $162

Inventory is always recorded when the cost is low

Therefore, the amount that is to be reported as the merchandise inventory can be calculated as follows

=10 units × $160

= $1,600

Hence the amount reported as the merchandise inventory on the balance sheet is $1,600

4 0
3 years ago
Often consumers base their perception of price on what they perceive to be the customary or ________.
ycow [4]
Based on other stores, and what their prices are too
3 0
3 years ago
Read 2 more answers
The federal reserve's goal in managing the money supply is to ensure that money retains its value.
sattari [20]
The answer is B: False The Federal's Reserve goal is t<span>o provide the nation with a safer, more flexible, and more stable monetary and financial </span>system<span>.</span>
6 0
3 years ago
Shelly manages a jewelry store that offers a range of different designs to customers. She recently received new inventory of som
sweet-ann [11.9K]

Answer:

The correct option is D

Explanation:

As Shelly who manages the jewellery store received an inventory, which wants to display in her store. So, in order to make the design visible to every customer who visit her store or passes by her store, will see the design. Therefore, she should place the design at the eye level so that every customer could easily see the design.

4 0
3 years ago
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