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sesenic [268]
3 years ago
11

The Baldwin company currently has the following balances on their balance sheet: Assets $180,506 Common Stock $11,365 Retained e

arnings $92,472 Suppose next year the Baldwin Company generates $20,000 in net profit, pays $10,000 in dividends, assets change to $151,000, and common stock remains unchanged. What must their total liabilities be next year?
Business
1 answer:
Amiraneli [1.4K]3 years ago
7 0

Answer:

The total liabilities for the next year amount to 37163 $.

Explanation:

To calculate the liability we will use the simple equation given below.

Asset-equity=liability

Assets-RE=Liability

                        Current year      Change*        Next Year

Assets                  180,506.00    29,506.00        151,000.00  

Common Stock   (11,365.00)         0               (11,365.00)

Retain Earning  (92,472.00)  (10,000.00)      (102,472.00)

Liability- BaL figure   76,669.00                           37,163.00  

   

*Retain earning= Net profit- dividend  

Hence balancing figure that is 37,163 dollars is liabilty for next year,  

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Credit card companies track your transactions. how can they abuse this?
Alexus [3.1K]
Answer:
Credit card companies can invade your privacy by monitoring all your credit card transactions and making decisions, whether correct or incorrect, about your credit worthiness and your character.

Explanations:
All credit card transactions are logged into a data base which is accessible to credit card companies. 
Therefore credit card companies can form opinions about your credit worthiness on the basis of your credit card transactions.

For example, if you use your credit card to pay for groceries, utilities, and ordinary bills, a credit card company could assume that you are in financial distress and make a decision to reduce your credit limit.
If a person uses a credit card often at a casino or gambling locations, that could also signify to credit card issuers that the person may not be using money wisely, and may not be willing to provide more credit to the gambler.

To sum it up, personal privacy is lost whenever a person uses a credit card. Credit card issuers may form opinions about a card holder that may be correct or incorrect, based on the person's credit card transactions.

7 0
3 years ago
A change in price will lead to a change in __________ and to a change in __________, while a change in government subsidies will
Sauron [17]

Answer:

quantity demanded; quantity supplied; supply; demand

Explanation:

When there is a change in price of goods, this change will lead to quantity demanded and it will also lead to a change in the quantity supplied. According to the law of demand, an increase in price will lead to a decrease in quantity demanded and vice-versa.

When there is a change in government susidies, this change will lead to a change in supply, and a change in the number of buyers will lead to a change in demand.

Therefore, the correct statement is:

A change in price will lead to a change in quantity demanded and to a change in <em>quantity supplied,</em> while a change in government subsidies will lead to a change in supply and a change in the number of buyers will lead to a change in demand.

7 0
3 years ago
An American student buys an airline ticket on the Royal Dutch Airlines, KLM. This enters the U.S. balance of payments accounts a
viva [34]

Answer:

a

Explanation:

how to make the best of it and I will be there at last minute but I am not sure if I can make it to the meeting tonight but I will be there at last minute.

8 0
2 years ago
As a result of moving more decision making from the periphery of the organization toward the center, typically a. ​the flow of r
grin007 [14]

Answer:

a. ​the flow of relevant information to the decision maker should be enhanced

Explanation:

Decision making is very crucial in every business institution and organisation.

Results of decisions can help to foster rapid development or hamper the progress of a company.

  • When moving decision making arm from the periphery to the center, communication should be restrategized.
  • Since the periphery arm is at the fringe, better strategies which will help to avoid road blocks through bureaucracies in an organization must be eliminated.
  • There should be proper flow of important information to decision makers which will help further the interest of an organisation.
7 0
3 years ago
Valentino is a patient in a nursing home for 45 days of 2017. while in the nursing home, he incurs total costs of $13,500. medic
dolphi86 [110]
A person who purchases his/her own policy can exclude the benefits from gross income. It's also good to note tat statutory limitations exist for the following amounts:
Benefits that have been collected under the employer's plan
Premiums that have been paid by the employer
benefits that have been collected from the individuals' policy. Therefore the amount Valentino may exclude will be calculated as follows;
Daily statutory amount in 2017 (360*45)   $16200
Actual cost of care                                    $13500          $16200
Less: Amount received from Medicare                           ($8000)
Equal amount of exclusion                                              ($8200)
Thus:
Valentino must include (15000-8200)=$6800 of the long-term care benefits received in his gross income.


3 0
3 years ago
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