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raketka [301]
3 years ago
7

Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Assets of $205.498 million Total Common Stock of $6.

350 million Cash of $10.050 million Retained Earnings of $44.117 million. What were the Digby Corporation's total liabilities?
a) $165.081 million.
b) $144.981 million.
c) $155.031 million.
d) $161.381 million.
Business
1 answer:
sergey [27]3 years ago
8 0

Answer:

The value of total liabilities is $155.031 million and option c is the correct answer.

Explanation:

The basic accounting equation states that the total value of assets is always equal to the sum of the total value of liabilities and the total value of equity.

Thus, we can say that,

Total Assets = Total Liabilities + Total Equity

The equity part can contain various components. In the given question it has two components namely Common Stock and retained earnings.

205.498 = Total Liabilities + (6.350 + 44.117)

205.498 = Total Liabilities + 50.467

205.498 -  50.467 = Total Liabilities

Total Liabilities = $155.031

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murzikaleks [220]

Protons=15, neutrons= 16, electrons=15

3 0
3 years ago
If the equilibrium quantity demanded for a new sports watch is 900 truckloads of watches and the equilibrium price is $70 per wa
IrinaVladis [17]
This item is asking us to determine the number of truckloads of watches that needs to be manufactured in order to reach equilibrium. If we let x be the number of watches then, the equation that would best describe the given is,
                                    (900)(70) = (x)(40)
The value of x from the equation is 1575. Thus, the company needs to manufacture 1575 watches. 

8 0
3 years ago
Sarjit Systems sold software to a customer for $293,000. As part of the contract, Sarjit promises to provide "free" technical su
kakasveta [241]

Answer:

Dr Cash/ Accounts Receivables $249,050

Cr Revenue $249,050

Explanation:

The customer receives a discount for purchasing the bundle of goods because the sum of the stand-alone selling prices ($300,000) exceeds the promised consideration ($293,000). There is a discount of $7,0000

This would be split between the two performance obligations as follows

Technical support = $45,000/$300,000 X $7,000 = $1,050

Software = $255,000/$300,000 X $7,000 = $5,950

The software sale is $255,000 - $5,950 = $249,050

3 0
2 years ago
Read 2 more answers
________ asserts that our genes set the boundaries within which we can operate, and our environment interacts with our genes to
borishaifa [10]

Range of reaction asserts that our genes set the boundaries within which we can operate and our environment interact with our genes

Explanation:

Range of reaction is that the characteristics that are expressed in the individuals are the results of the change in the both genetic characters and the changes that occur in the environment

They are also influenced by other factors like that the things to which they are exposed and the rate at which they occur if the father is a foot ball player the child is also automatically exposed to that environment which alters the phenotype of the child

3 0
3 years ago
Several years ago MMM Company borrowed money through a bond issue with the following features. Each individual bond has a $1,000
Fynjy0 [20]

Answer:

$1040.56

Explanation:

A bond is debt instrument issued by a borrower which promises to pay the holder regular interest for the holding period and the terminal value at the end of the period.

According to the discounted cash flow model, the value of an asset is the present value of the future cash flows arising from the assets discounted at the required rate of return.

Present value is the worth today of an amount expected in the future.The process of calculating the present value is called discounting

To calculate the price of this bond, we shall discount the future cash flows using the required return of 8% per annum, which is the same as 4% per six-month

Interest payment per 6 month = (9% × $1000)/2= $45

PV of interest payment =  45 × (1-  (1.04)^(-2×5))/0.04)= 364.995

PV of redemption value = 1000 ×  1.04^(-2× 5) =               <u>675.56</u>

Price of the bond                                                               1<u>040.56</u>

6 0
3 years ago
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