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irina [24]
3 years ago
10

Crystal Lodging recorded $330,000 in revenues, $247,500 in expenses, and $45,000 of dividends for the year. The company began th

e year with total assets of $285,000 and stockholder's equity of $130,500. Suppose that liabilities increased by $90,000 and stockholders' equity increased by $37,500. What would be the change in Crystal Lodging's assets? Multiple Choice a.$168,000 Increase b.$127,500 increase c.$154,500 increase
Business
1 answer:
Brilliant_brown [7]3 years ago
7 0

Answer:

b.$127,500 increase

Explanation:

Using Accounting Equation we can find thetotal increase in total assets:

Assets = Equity + Liabilities

Change in Assets = Change in Equity + Change in Liabilities

Change in Assets = $37,500 + $90,000

Change in Assets = $127,500

Total Change in equity and liabilities will be equal to the change in Assets.

So, the correct answer is b.$127,500 increase.

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xxTIMURxx [149]

Answer:

$127,400

Explanation:

Gross profit ratio = [(sale - cost) ÷ sale price] × 100

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3 years ago
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Which one of the following terms is defined as the mixture of a firm's debt and equity financing? Multiple Choice Working capita
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Answer:

Capital structure

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Answer:

(a)  

Common pace of joblessness is a mix of auxiliary and frictional joblessness.  

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Frictional Unemployment: When individuals are in the middle of occupations for example the way toward moving from one occupation to other.  

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(b)  

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(c)  

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