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dangina [55]
3 years ago
14

The Balance Sheet for Renuvation LLC shows assets totaling $107,000 and liabilities totaling $75,000. Which of the following sta

tements is correct?
A. Owner's Equity equals $182,000.
B. Current Assets are worth $32,000.
C. Net Income for the period is $32,000.
D. Owner's Equity equals $32,000.
Business
1 answer:
dangina [55]3 years ago
4 0

Answer:

D. Owner's Equity equals $32,000.

Explanation:

In this, the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity  

where,

Total assets is $107,000

And, the total liabilities is $75,000

Now put these values to the above formula  

So, the value would equal to

$107,000 = $75,000 + stockholder equity  

So, the stockholder equity would be

= $107,000 - $75,000

= $32,000

This accounting equation equates and balanced the balance sheet

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Garrett Company provided the following information:
Shalnov [3]

Answer:

Correct option is C

<u>Overall operating income will decrease by $25,000.</u>

Explanation:

Sales ratio = Sales of product 1 : Sales of product 2 = 200,000:300,000 = 2:3

Sum of sales ratio = 2+3 = 5

Common fixed cost:

Product 1 = 2/5×46,000 = $18,400

Product 2 = 3/5×46,000 = $27,600

Total net operating income = Net operating income of product 1 + Net operating income of product 2 = 46,600+(2,600) = 46,600-2,600 = $44,000

Now, comparing with the total net operating income of both the product ($44,000) with only product 1 ($19,000); overall operating income decreases by $25,000 (44,000-19,000)

8 0
3 years ago
If your heart get broken by a man then his new girl threatens you what do u do???
Anarel [89]

Answer:

tell the cops and sue her hopefully if you win you could get money

4 0
3 years ago
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Sheddon Industries produces two products. The products' identified costs are as follows: Product A Product B Direct materials $
bekas [8.4K]

Answer:

The cost per unit for product B is<em> $ 15 per unit</em>

Explanation:

Only Manufacturing Costs are used in Product Costing. Thus to find the Cost Per Unit of Product B, we Prepare a Manufacturing Cost Summary for Product B.

<u>Step 1 Prepare a Manufacturing Cost Summary for Product B</u>

Direct materials                                                                      $ 15,000

Direct labor                                                                             $24,000

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Total Cost for Product B                                                        $75,000

<u>Step 2 Calculate the Cost Per Unit for Product B</u>

Cost Per Unit = Total Cost / Number of Units Produced

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3 years ago
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arlik [135]

Answer: centralized

Explanation:

Based on the information given in the question, we can infer that McCoy operates a centralized department.

This is a centralized department because McCoy takes the decisions in the organization. In a centralized department, the organizational structure is such that the power regarding the decision is confined to top management, while the followers just follow the instructions

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3 years ago
Ed, an entrepreneur, wants to hire a human resource professional who can help him make decisions about who will or will not be a
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Answer: Personnel selection

   

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