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lana [24]
3 years ago
10

g The shareholders' equity of Diakovsky Company at the beginning and end of 20X6 totaled $16,000 and $21,000, respectively. Asse

ts at the beginning of 20X6 were $25,000. If Diakovsky Company's liabilities increased by $8,000 in 20X6, how much were total assets at the end of 20X6
Business
1 answer:
Pavel [41]3 years ago
5 0

Answer:

$38,000

Explanation:

The accounting equation shows the relationship between the various elements of the balance sheet which are assets, liabilities and equity. The equation is as shown below;

Assets = Liabilities + Equity

At the beginning of 20x6

$25,000 = liabilities + $16,000

Liabilities = $25,000 - $16,000

= $9,000

If liabilities increases by $8,000

At the end of 20x6,

Liabilities = $9,000 + $8,000

= $17,000

Total Assets = $17,000 + $21,000

= $38,000

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Bluebird Mfg. has received a special one-time order for 15,000 bird feeders at $3 per unit. Bluebird currently produces and sell
UkoKoshka [18]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Special one-time order for 15,000 bird feeders at $3 per unit.

Variable cost= $2.25

<u>Because it is a special offer and there is unused capacity, we will not have into account the fixed costs.</u>

Effect on income= 15,000*(3 - 2.25)= $11,250 increase.

8 0
3 years ago
Assume that you have entered into a swap agreement for a notional of 100M USD under which every 6 months you agree to pay LIBOR
hodyreva [135]

Answer:

C) 0.5 USD

Explanation:

Swap is an arrangement in which two parties exchange their interest rates for mutual benefit. One party may receive fixed rate and other will receive floating rate based on LIBOR. In the given scenario the swap agreement was originated when the LIBIOR was 3%. The fixed rate was set to be at 4% so the net gain at the time of inception was 1%. When LIBOR increased after six month the net gain declined to only 0.5%.

4 0
2 years ago
What are the different components that electronic banking provides?
Veseljchak [2.6K]
Electronic banking provides safety of your money, and allows you to monitor transactions.
4 0
2 years ago
Read 2 more answers
Suppose that real GDP is currently ​$13.55 trillion and potential real GDP is​ $14.0 trillion, or a gap of ​$500500 billion. The
Georgia [21]

Answer:

$100 billion

Explanation:

Real GDP is currently = ​$13.55 trillion

Potential real GDP =​ $14.0 trillion

Gap = ​$500 billion

Government purchases multiplier = 5.0

Tax multiplier = 4.0

To increase aggregate demand by $500 billion, the required increase in government expenditure is:

= (1 ÷ government purchases multiplier) × change in aggregate demand

= (1 ÷ 5) × $500

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Therefore, the government expenditure need to be increased by $100 billion.

6 0
3 years ago
When offering financial products to clients, you may:
Anton [14]

Answer:

d. All of the above.

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All the three actions are appropriate actions for when offering financial products to clients.

a) is appropriate because prior clients are likely to have most of the information in the company's records.

b) is appropriate because as you gain experience, you become more knowledgeabe and intuitive about which clients should be offered a determined product.

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