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artcher [175]
3 years ago
10

Park & Company was recently formed with a $6,200 investment in the company by stockholders in exchange for common stock. The

company then borrowed $3,200 from a local bank, purchased $1,120 of supplies on account, and also purchased $6,200 of equipment by paying $2,120 in cash and signing a promissory note for the balance. Based on these transactions, the company's total assets are:
a) $14,600.

b) $12,400.

c) $11,520.

d) $9,400.
Business
1 answer:
KengaRu [80]3 years ago
4 0

Answer:

a) $14,600.

Explanation:

The computation of the company total assets are shown below:

= Cash balance + supplies balance + equipment balance

where,

Cash balance =  investment amount + borrowed amount - paid amount for equipment

= $6,200 + $3,200 - $2,120

= $7,280

And, the other item values would remain the same

Now put these values to the above formula  

So, the value would equal to

= $7,280 + $1,120 + $6,200

= $14,600

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Answer:

For example, a trade where the U.S. exports 4,000 refrigerators to Mexico in exchange for 1,800 pairs of shoes would benefit both sides, in the sense that both countries would be able to consume more of both goods than in a world without trade.

<h3>hope it's help you </h3><h3>plz mark as brain list</h3>
3 0
3 years ago
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Eduardwww [97]

Answer:

6.9899102e+12

Explanation:

8 0
3 years ago
Jim had a beginning inventory of $5,500. During the month of April, he purchased $4,000 of food and had an ending inventory of $
Likurg_2 [28]

Answer:

1.23

Explanation:

Inventory turnover is a ratio showing how many times a company has sold and replaced inventory during a given period.

Cost of Sales=Opening Inventory+Purchases-Closing Inventory

                      =5,500+4,000-3,800= 5,700

Average Inventory= Opening + Closing/2

                              = 5,500+3,800/2= 4,650

Inventory Turnover Ratio= <u>Cost of Sales</u>

                                            Avg Inventory

                                          = 5,700/4,650=1.23

8 0
2 years ago
Consider the economies of Sporon and Tralfamadore, both of which produce glops of gloop using only tools and workers. Suppose th
Phoenix [80]

6448384848383383 what is this

8 0
3 years ago
Because this market is a monopolistically competitive market, the firm's average cost in long-run equilibrium is the long-run av
Tems11 [23]

Answer:

The correct answer is "Higher than, Lower than and Excess production theory".

Explanation:

Under Monopolistic Competition:

Average cost = 70

Production level = 50

Under perfect competition:

Average cost = 65

Production level = 70

  • Excess capacities are a circumstance where an economic performance would be less than the commodity that somehow a company might offer to that same marketplace.
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