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
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

You might be interested in
A customer’s order was never filled because an order entry clerk transposed the customer identification number while entering th
Stells [14]

Answer:

The correct answer is C. Validity check.

Explanation:

Identifying possible errors in real time, as the process progresses through the warehouse, allows you to make the necessary adjustments at the moment and reduces the time and resources dedicated to correcting faults. Intermec 2D and RFID portable barcode technologies improve the accuracy of storage processes and preparation of orders to such an extent that many companies can do without the step of verifying orders in the loading process.

6 0
3 years ago
Read 2 more answers
What is the value to a start up business of using primary marketing research
KengaRu [80]

Answer:

By conducting primary research using unbiased panellists, entrepreneurs can gain the latest information about the consumer's wants and needs, allowing them to adapt their product or service accordingly and gain a competitive advantage.

Explanation:

7 0
2 years ago
Prior to adjustment at August 31, Salaries Expense has a debit balance of $272,650. Salaries owed but not paid as of the same da
zlopas [31]

Answer:

A. Dr Salary Expense $3,140

Cr Salary expense outstanding $3,140

B. Dr Income summary $275,790

Cr Salary expense $275,790

Explanation:

A. Preparation of the adjusting entry to record accrued salaries as of August 31

August 31

Dr Salary Expense $3,140

Cr Salary expense outstanding $3,140

(To record accrued salaries)

B. Preparation of the Closing entry on August 31

August 31

Dr Income summary $275,790

Cr Salary expense $275,790

($272,650+$3,140)

(To record Closing entry)

5 0
2 years ago
Suppose independent truckers operate in a perfectly competitive constant cost industry. If these firms are earning positive econ
Deffense [45]

Answer:

The price of trucking services would fall until equilibrium prices are reached. Only normal profit would be earned in the long run

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

8 0
3 years ago
First National Bank charges 11.1 percent compounded monthly on its business loans. First United Bank charges 11.3 percent compou
Ronch [10]

Answer:

First National Bank's EAR is 11.68%

First United Bank's EAR is 11.62%

Explanation:

Effective annual rate=(1+APR/m)^m-1

APR is the  annual rates given in the question as 11.1% and 11.3%

m is the number of times in the year that compounding is done, for instance, it is 12 for monthly compounding and 2 for semiannual compounding

First National Bank's EAR=(1+11.1%/12)^12-1=11.68%

First United Bank's EAR=(1+11.3%/2)^2-1=11.62%

The EAR for First National Bank is higher

6 0
2 years ago
Other questions:
  • Mary and Ted are discussing starting a new business and are asking themselves a series of questions like, "What is the worst tha
    11·1 answer
  • Cool Fan Company sells 10,000 units to wholesalers each year at $60 per unit. The materials cost $10 per fan and unit labor cost
    11·1 answer
  • Can someone just answer the 3rd question.pleaseee
    14·2 answers
  • Decisions must frequently be made by​ individuals, organizations, and even nations. Facilitating better​ decision-making is a fu
    14·1 answer
  • Identify the helping​ verb: How many tacos will you​ eat?
    7·2 answers
  • Starling Co. is considering disposing of a machine with a book value of $12,500 and estimated remaining life of five years. The
    5·1 answer
  • Name any four roles (functions) of money
    7·1 answer
  • The advantages of wireless networks include( select all that apply)
    12·1 answer
  • Michael Corporation manufactures railroad cars, which is its only product. The standards for the railroad cars are as follows:
    10·1 answer
  • What is the term for the idea that some goods will be overused and depleted if not regulated?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!