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Tanzania [10]
3 years ago
6

Charlie Corporation's adjusted trial balance included the following items (all account balances are normal): Accounts payable $6

5,000, Accounts receivable $49,000, Capital stock $100,000, Cash $50,000, Dividends $10,000, Goodwill $47,000, Interest expense $4,000, Interest payable $2,000, Inventory $36,000, Notes payable $80,000, Prepaid expenses $5,000, Property, plant & equipment $123,000, Retained earnings $46,000, Rent expense $18,000, Revenues $101,000, and Salary expense $60,000. How much are total assets?
Business
1 answer:
3241004551 [841]3 years ago
5 0

Answer:

$293,000

Explanation:

The total assets comprises of current assets, fixed assets , and the intangible assets

The current assets includes cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.  

In this question, we apply the accounting equation which is shown below:

Total assets = Total liabilities + Shareholder equity

where,

Total liabilities =  Accounts payable + Interest payable + Notes payable

                        = $65,000 + $2,000 + $80,000

                        =$ 147,000

And, the shareholder equity equals to

=  Capital stock + retained earnings

= $100,000 + $46,000

= $146,000

Now put these values to the above formula  

So, the value would equal to

= $147,000 + $146,000

= $293,000

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3 years ago
In Mexico each unit of resource can produce either one professional computer or 3 computer games. Mexico has 30 units of this re
Anvisha [2.4K]

Answer:

Explanation:

From the information given:

(a)

The total production available for the professional computers at the time Mexico uses all resources for production = 30

The total production of computer games at this time = 3 × 30 = 90

Thus, from above, the production possibility curve can be seen in the image attached below.

(b)

The opportunity cost of one professional computer is three computer games. This because, for them to produce one more computer, it is required that they give up three computer games.

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Yes, it is subject to Increasing.

This because the opportunity cost of 1 computer = 3 games

For two computers = 2 ×  3 games = 6 games

For three computers = 3 ×  3 games = 9 games  ... and so on.

(d)

Professional computer production is considered a Capital good.

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Mexico should increase the production of professional computers because they help in more rapid economic growth.

4 0
3 years ago
g 2. Problems and Applications Q2 Indicate whether each of the following transactions represents an increase in net exports, a d
Scrat [10]

Answer and Explanation:

a. Since an american buys a sony tv so it would decrease the net exports as we know that net exports would be determined by deducting the imports from exports. Here the sony is an import so if an import is increase the net export would decrease

b. As the american purchase a sony stock share so it would increase the net capital outlow as the financial asset and stock would be shown in the capital account. as the money is given to sony so it would increase the net capital outflow

c. Sine the Japanese car would build a factory in Ohio so it decrease the net capital outflow as it is an imported good

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3 years ago
A work system has five stations that have process times of 5, 9, 4, 9, and 8. What is the throughput time of the system?A. 7B. 4
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Answer:

D

The throughput time of the system is 35

Explanation:

When we talk of the throughput time of a system, we are referring to the total time utilized from the start of the job to the end

So to calculate the throughput time of this system, we simply need to add all the hours of work together (proceeds time)

That would be; 5 + 9 + 4 + 9 + 8 = 35

4 0
2 years ago
Dear Mr. Sanchez: Your efforts to promote ethical business practices in our city have drawn national recognition. You are an exc
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Answer:

1) - a - Last year, after learning about the importance of ethical leadership, students who attended our conference returned to their home schools and implemented a total of nine ethics and leadership initiatives. One of these initiatives included a project in which students researched ethical leaders in the local community. Naturally, the students encountered much of your work and have humbly requested your presence at the Ethics and Leadership for Youth conference this year. As a speaker at the ELY conference, you would have the opportunity to significantly impact our next generation of leaders.

2). b - It does not state the reasons before the main idea, and it has no reader benefits.

3). - c - Make a reasonable request.

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1). The first option most adequately rephrases the third paragraph by reconsidering the main ideas effectively and clarifies the author's purpose effeciently. It presents the main idea of the 'significance of ethical leadership and its success' more clearly through appropriate evidence('nine ethics and leadership initiatives taken by students). It presents the given idea more impactfully by strengthening the language of the paragraph.

2). The key problem that the given message contains is that 'it fails to provide adequate reasons before presenting the main idea to the readers and this is why readers do not gain any message or specific idea.' The lack of logical explanation of the main idea does not allow the readers to understand the purpose for which the given content is produced and just become a passive information they are receiving as they aren't able to relate to it.

3). The main characteristics of a constructive claim or complaint messages include 'offering a reasonable request.' Reason is something that not only justifies the validity of the argument but also positions the author's stand on the topic. An effective claim or complaint displays appropriate reason or logic behind it and establishes its credibility and convinces the reader with sufficient evidence that it is worthy and fair. Thus, <u>option C</u> is the correct answer.

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