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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

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Brand __________ is the set of assets and liabilities linked to a brand that add to or subtract from the value provided by the p
timama [110]

Answer:

Equity.

Explanation:

Brand equity is the added value that creates a positive impact about the brand name in the minds of a customer. The given definition of brand equity was proposed by Davis Aaker. We can understand brand equity as the image or reputation that any brand holds in the minds of a customer.

4 0
3 years ago
What did surprise you in personalities
hjlf

Personalities


Personalities all vary from person to person. Depending on what the persons backround is and what theyve seen and gone through there personalities differentiate from each other.

5 0
3 years ago
RecRoom Equipment Company received an $13,200, six-month, 7 percent note to settle an $13,200 unpaid balance owed by a customer.
mezya [45]

Answer:

RecRoom Equipment Company

Date                 Particulars               Debit              Credit

1Nov            Note Receivable      $ 13,200

                          Account Receivable                 $ 13,200

RecRoom Equipment Company received an $13,200, six-month, 7 percent note to settle an $13,200 unpaid balance owed by a customer.

31 December  Interest Receivable        $ 924

                              Interest Revenue                $ 924

To record the accrued interest earned. $13,200*7%= $ 924. As it is for two months the amount would be $ (924/12)*2= $ 154

1 May            Cash                    $ 13,662

                            Interest Income                           $ 462

                               Notes Receivable                  $ 13,200

  RecRoom receives the interest on the note's maturity date. RecRoom receives the principal on the note's maturity date.                                    

4 0
3 years ago
At the beginning of a recent year, JetBlue's assets were $7,071 million and its equity was $1,757 million. During the year, asse
STALIN [3.7K]

Answer:

JetBlue's equity at the end of the year was $1,888 million

Explanation:

Basing on accounting equation:

Total asset = Liabilities + Equity

At the beginning of a recent year, JetBlue's liabilities = Total asset - Equity = $7,071 - $1,757 = $5,314 million.

During the year, assets decreased by $1 million and liabilities decreased by $132 million.

At the end of the year:

JetBlue's assets = $7,071 - $1 = $7,070 million

JetBlue's liabilities = $5,314 - $132 = $5,182 million

JetBlue's equity = JetBlue's assets - JetBlue's liabilities = $7,070 - $5,182 = $1,888 million

7 0
3 years ago
Bob’s employer covers 23% of his family’s annual health insurance premium. The balance of the premium is deducted in equal a
Aliun [14]

Based on the amount covered and the amount withdrawn, we can calculate that Boba's annual health insurance premium is<u> $6,256.88</u>

First find the total amount withheld from Boba in a year:

= 185.30 x 26

= $4,817.80

Boba's employer covers 23% of his insurance so the amount withdrawn is 77% of the insurance.

The annual insurance is therefore:

<em>= Boba's share / Percentage paid by Boba</em>

= 4,817.80 / 77%

= $6,256.88

In conclusion, the annual premium is $6,256.88

<em>Find out more about </em><em>insurance premiums </em><em>at brainly.com/question/3757928. </em>

8 0
2 years ago
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