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
Alexxx [7]
3 years ago
14

Midyear on July 31st, the Chester Corporation's balance sheet reported: Total Assets of $81.965 million Total Common Stock of $2

.540 million Cash of $4.020 million Retained Earnings of $17.152 million. What were the Chester Corporation's total liabilities?
Business
1 answer:
Vera_Pavlovna [14]3 years ago
5 0

Answer:

  Total Liabilities  = $62.273 million  

Explanation:

<em>The accounting equation state that :</em>

Total assets = capital + liabilities.

<em>This is a fundamental relationship that underpins the preparation of financial statements</em>

<em>Capital for a company is represented by the shareholders funds which is the book value of issued common stock, share premium plus the retained earnings.</em>

So we can apply the equation to the figures of Chester Corporation

81.965  =( $2.540 + 17.152 ) + liabilities

Liabilities =  81.965  - ( $2.540 + 17.1552 )

                = $62.273 million

Total Liabilities  = $62.273 million

You might be interested in
Makes sure an agenda is sent out before the meeting
Zielflug [23.3K]

Answer:

Facilitator

Explanation:

Facilitators manage the meeting process.

Hope that helps!

4 0
2 years ago
The step in the formal planning process known as __________ involves studying past events, examining current conditions, and for
grigory [225]
Situation analysis

I hope this helps (:
6 0
3 years ago
Workplace diversity describes differences among workers in any of the following areas:
Andreyy89

Answer:salary

All

Explanation:

6 0
3 years ago
If a reform of the tax laws encourages greater saving, the result would be
GarryVolchara [31]

Answer:

The correct answer is

d. lower interest rates and greater investment.

good luck

3 0
4 years ago
Suppose a family has saved enough for a 10 day vacation (the only one they will be able to take for 10 years) and has a utility
Harlamova29_29 [7]

Answer:

2 Days

Explanation:

First, there is the need to rewrite the utility function for clarity

U=V^{1/2}

1. The Probability of Falling ill by someone in the family is given as 20%

2. If someone should fall ill, the total number of days that would be spoiled is calculated as:

Total number of vacation= 10 days x Probability to fall ill = 20%

= 10 x 0.2 = 2 days

This means if someone should fall ill based on the probability, then 2 out of the total 10 days can be ruined

3. The number of days for vacation days to enjoy is 10-2 = 8 days

This means if the family gives up 2 days of probable illness, they can still enjoy their vacation.

V= 2 days

5 0
3 years ago
Other questions:
  • Carol was preparing for the next employee appraisal at her company. She already had her work accomplishments documented and read
    6·2 answers
  • Each of these items must be considered in preparing a statement of cash flows for Pharoah Company. for the year ended December 3
    12·1 answer
  • A merger between u.s. steel and general motors would be an example of a
    7·1 answer
  • Macy Corporation's relevant range of activity is 5100 units to 11,500 units. When it produces and sells 8300 units, its average
    7·1 answer
  • Wayne worked in an office. He had no criminal record, had never had a complaint made against him about his work or his conduct,
    10·1 answer
  • As a person receives more of a good, the _______________ from each additional unit of the good declines.
    11·1 answer
  • Sustainability programs often find their success beyond company boundaries, thus ______ systems and _____ metrics cannot capture
    6·1 answer
  • What are the use of water mill?
    14·1 answer
  • Gantner Company had the following department information about physical units and percentage of completion: Physical Units Work
    5·1 answer
  • Consider the economies of Hermes and Gobbledigook, both of which produce gaggles of gop using only tools and workers. Suppose th
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!