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
DIA [1.3K]
3 years ago
6

Given the following list of accounts, calculate Total Assets:Accounts Receivable $ 10,000 Capital Stock 20,000 Cash 25,300 Equip

ment 16,800 Fees Earned 44,400 Miscellaneous Expense 17,800 Rent Expense 3,250 Retained Earnings 7,850 Salaries Expense 15,400 Wages Expense 15,000
Business
1 answer:
xenn [34]3 years ago
6 0

Answer:

The total assets is $52,100

Explanation:

Total Assets : The total assets is a sum of all current assets and fixed assets. The current assets is that type of asset which is liquidate under one year whereas the fixed assets, the time period is more than one year.

The example of current assets is cash, accounts receivable, stock,etc whereas the fixed assets includes plant and machinery, furniture $ fixtures, equipment, etc.

So the fixed assets is = Accounts Receivable + Cash + Equipment

= $10,000 + $25,300 + $16,800

= $52,100

The accounts which are given in the question are related to liabilities account and expenses account.

Thus, the total assets is $52,100

You might be interested in
in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject
antoniya [11.8K]

The statement "in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject land" is true.

<h3>What is valuation?</h3>

Valuation is an estimation of the price of a good or a product. When a product is manufactured, its evaluation is estimated. It is estimated by seeing the manufacturing price, labor cost, and raw material cost.

Here, the valuation of vacant land and subject land is estimated, which is similar by seeing the comparison. So the statement will be correct about the comparison.

Thus, the statement is true.

To learn more about valuation, refer to the link:

brainly.com/question/16008101

#SPJ4

The question is incomplete. Your most probably complete question is given below:

State whether true or false.

6 0
1 year ago
Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over 2222 years or as
Wewaii [24]

Answer:

0 i.e. zero

Explanation:

The formula we will us to calculate the cash option payout​ for formula for calculating the present value (PV) .

Present value (PV) can simply be described as the current value of a future amount or future stream of cash flows given a certain return rate.

To calculate the PV of a future cash flow, we will discount it by using the discount rate.

The formula is provided as follows:

PV = FV/(1 + r)^n ............................................ (1)

Where,

PV = Present Value = ?

r = discount rate = 66% = 0.66

FV = annual future value = $863,636.36

n = number of years = 2222 years

Note that the annual future value calculated by diving the $1919 million by 2222 years and this give us $863,636.36 (i.e.  1,919,000,000 ÷ 2222 = $863,636.36).

Substituting the figures above into equation (1), we obtain:

PV = 863,636.36/(1 + 0.66)^2222

     = 863,636.36/(1.66)^2222

     = 863,636.36/∞

PV = 0

This is because, the division of any number by infinity is equal to zero. And if we multiply by zero by 2222, it will still give us zero PV.

Therefore, the cash option payout​ will be zero. It is better the winner take the option of collecting $863,636.36.

5 0
2 years ago
Suppose the economy is in a recession. The economy needs to expand by at least $350 billion, and the marginal propensity to cons
MissTica

Answer:

$140

Explanation:

Calculation for What is the least amount the government can spend to overcome the $350 billion gap

First step is to find the Multiplier using this formula

Multiplier=1(1-Marginal propensity)

Let plug in the formula

Multiplier=1/(1-0.6)

Multiplier=1/0.4

Multiplier=2.5

Now let calculate the least amount the government can spend using this formula

Least amount=Gap/Multiplier

Let plug in the formula

Least amount=$350 billion /2.5

Least amount=$140

Therefore the least amount the government can spend to overcome the $350 billion gap is $140

4 0
3 years ago
True or false: you always want the lowest possible deductible because it means you will pay less out of pocket in case of a loss
stiv31 [10]
The correct answer is false.

The given statement is false, why? You cannot always want the lowest deductible since it may only be applied once something has happened that points out towards you, or in other words, it is your fault. An example of lowest deductible is when you get into a car accident and it was your fault, the total repair cost of the vehicle is at 1,400.00 dollars, your lowest deductible would be around 500 dollars, wherein you have to add it to the balance before your insurance company pays for the rest
5 0
2 years ago
​ Jim saw a decrease in the quantity demanded for his firm’s product from 8000 to 6000 units a week when he raised the price of
Delicious77 [7]

Answer:

The demand for Jim’s product is elastic

Explanation:

In this question, we are to calculate the price elasticity of demand for the product.

We proceed as follows;

The formula for calculating elasticity of demand is

e = [(Q2 - Q1) / {(Q1 + Q2) / 2}] / [(P2 - P1) / {(P1 + P2) / 2}]

Here, Q2 = 6000

Q1 = 8000

P2 = $250

P1 = $200

e = [(6000 - 8000) / {(8000 + 6000) / 2}] / [($250 - $200) / {($200 + $250) / 2}]

e = [(- 2000) / 7000] / [(50 / 225]

e = - 1.3

That means absolute value of e is 1.3.

So, as the absolute value of e is more than 1 (i.e., 1.3), that means the demand for the product is elastic.

6 0
2 years ago
Read 2 more answers
Other questions:
  • What is the likely impact of perquisites on the employees who receive them?
    5·1 answer
  • Consider the voluntary contribution to building a fence game discussed in class. Assume that v1 = v2=100 and C=150, and select a
    9·1 answer
  • Oil Dawg, an oil tanker company, shipped oil to coasts all over the US. During many deliveries, the crew was dumping waste into
    15·1 answer
  • For each of the statements below, use the dropdown box to select the response that completes the sentence correctly. Knowledge C
    5·1 answer
  • While her team was developing an eco-friendly cleaning wipe, Jackie suggested using a particular material, which triggered Jamal
    8·1 answer
  • Nora owns a sock business. She has been selling mostly online to U.S. buyers, but now she wants to expand her sock business to o
    6·1 answer
  • What are some actions that may be taken by a nation to reduce interest rates in a country
    9·1 answer
  • Each of the following is an example of a fixed expense EXCEPT:
    14·1 answer
  • The charter of Vista West Corporation specifies that it is authorized to issue 213,000 shares of common stock. Since the company
    12·1 answer
  • Adjustments ensure that ______ balances are reported at amounts representing the economic benefits that remain at the end of the
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!