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3 years ago

On August 31 of the current year, the assets and liabilities of Gladstone, Inc. are as follows:

Business

1 answer:

Solnce55 [7]3 years ago

4 0

Answer:

The equity for this firm is $32,540

Explanation:

Using the accounting equation we can solve for the equity:

assets = Liabilities + Equity

Equity = Assets - Liabilities

Now, we need to determiante the totals for assets and liabilities and sovle for equity:

Cash 31,800

Supplies 740

Equipment 11,300

Total Assets 43,840

Liabilities 11,300

Equity = 43,840 - 11,300 = 32,540

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Which of the following is correct?

Nana76 [90]

Answer:

a) KSFs are both necessary and sufficient for competitive advantage

Explanation:

KSFs are required for an organisation to accomplish or exceed their desired goals. So thet are necessary and can be a competitive advantage

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3 years ago

jonathan is a photographer. he has been hired by a company to shoot an advertisement for their product. which role does Jonathan

Molodets [167]

Hey there,

Your question/statement reads: Jonathan is a photographer. he has been hired by a company to shoot an advertisement for their product. which role does Jonathan play in the advertising process for the product.

Based on the small excerpt above, I believe the Jonathan would be played as the (boss) in a way. It said on how he advertised and he also hired people. So he would be the (boss/leader) of this. And also, he would be the owner of this product.

Hope this helps.
~Jurgen

8 0

3 years ago

Read 2 more answers

Thad Joslin was judged at fault in an automobile accident. Three others were awarded damages of $147,000, $79,000, and $74,000.

OverLord2011 [107]

Answer:

The amount that would not be covered by Thad Joslin insurance is $50,000

Explanation:

Thad has a 100/300 bodily injury liability coverage, this implies that he has a coverage of $100,000 bodily injury liability insurance per person and $300,000 total bodily injury liability insurance per accident. However, his insurance policy does not make provision for or cover the $50,000 property damage liability per accident. Therefore, Thad Joslin would have to pay for it.

8 0

3 years ago

Tronnes Corporation's net income last year was $1,750,000. The dividend on common stock was $2.60 per share and the dividend on

Montano1993 [528]

Answer:

The price-earnings ratio is closest to:

B. 11.54

Explanation:

To find the Price-Earning Ratio first, it's necessary to deduct from the Net Income the part corresponding to Preferred Stock,

which is , $1,750,000 - (100,000*2,5= $250,000) = $1,500,000

Then we calculte the Earning/Share Ratio : $1,500,000/300,000 = 5

Finally with the Market Price of shares, we can calculate the Price Earnings Ratio ; $57,70 / $5 = 11,54

Shares of Common stock outstanding 300.000 780.000

Shares of Preferred stock outstanding 100.000 250.000

NET INCOME Available 1.500.000

The market price 57,70

Price–Earnings Ratio 11,54

Earnings/Share Ratio 5,00

NET INCOME $ 1.750.000

4 0

4 years ago

Hercules Workout World gains a client who prepays $ 660 for a package of six physical training sessions. Hercules Workout World

Sergeu [11.5K]

Answer:

Service revenue of $ 440

Explanation:

When the customer prepays, the revenue is yet to be earned hence the entries required would be a debit to cash account and a credit to unearned or deferred revenue.

As the service is rendered and revenue is earned, debit the deferred revenue account and credit the revenue account with the amount earned.

Since $660 was collected for 6 training sessions

Revenue from a training session

= 1/6 × $660

= $110

After 4 training sessions, revenue earned and to be recognized in the income statement

= 4 × $110

= $440

8 0

3 years ago