Answer:
the Digby Corporation's total liabilities is $156.92 million
Explanation:
The computation of the total liabilities is given below:
Total Liabilities is
= Total Asset - (Total Common Stock + Retained Earnings)
= $210.761 - ($6.350 + $47.491)
= $210.761 - $6.350 - $47.491
= $156.92 million
Hence, the Digby Corporation's total liabilities is $156.92 million
The same should be relevant
Since the actual process of the transaction is instantaneous, and its takes the money directly out of your account, the account they're dealing with is most likely Revenue.
Accounts Receivable is also another option that may come to mind, but remember that in this account, the seller is waiting for payment. Once the responsible party pays the seller, A/R is credited (decreased) and Revenue is debited (increased).
With iTunes (as stated previously), the transaction happens right then and there. We pay cash and iTunes gives us the song/movie/album/etc. Therefore, the only logical answer would be <u>Revenue</u>. In this case, <em>Sales Revenue</em> since we're dealing with a type of retailer and not a service.
When using absorption costing when production is greater than sales, a portion of fixed overhead is allocated to ending inventory.
Production is the process of combining diverse material and immaterial inputs to create a consumable good or service. It is the process of producing something of worth, goods, or assistance that benefits a person.
Manufacturing is the process of creating items or goods out of components or raw materials. To put it another way, manufacturing employs inputs to produce outputs fit for consumption, i.e., things or products that are valuable to the consumer or end-user. The creation of furniture is an illustration of production. Harvesting corn for food is an illustration of production. Corn production is an illustration of production.
To know more about Production refer to: brainly.com/question/14293417
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Answer:
Estimate merchandise purchases for the third quarter is $2.8 billion
Explanation:
The computation of the merchandise purchases for the third quarter is shown below:
= Ending inventory + Cost of goods sold - Beginning inventory
= $3.5 billion + $2.4 billion - $3.1 billion
= $2.8 billion
We simply apply the cost of goods sold formula which is shown below:
Cost of goods sold = Opening inventory + Purchase - ending inventory
Answer:
25%, 5%, 1%
According to recent surveys regarding Big Data and its impacts, approximately 25 percent of information stored in organizations has real business value, while 5 percent must be kept as business records and about 1 percent is retained due to a litigation hold.
Explanation:
From the above answer, we find out that it is only ideal to keep a total of 31% of information or data in an organization.
The remaining 69% of information that is kept in a business or organisation can be easily removed with posing any threat to the organization or causing any legal problems.
Any information that has no important business, legal or regulatory value to the company should be removed. This helps the business to be productive and make it easier to abide by any rules or regulations from any regulatory body.
The higher the percent of data or information a company has , the higher the cost or amount of money required to keep an IT department functioning.
If there is a reduced amount of data in a company, the amount of money required to keep the IT department running would be greatly reduced and this money can be used by the organization to make important investments that can develop and benefit the organization.
