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
lina2011 [118]
3 years ago
13

On January 1, Kirk Corporation had total assets of $864,000. During the month, the following activities occurred: Kirk Corporati

on acquired equipment costing $7,400, promising to pay cash for it in 60 days. Kirk Corporation purchased $3,640 of supplies for cash. Kirk Corporation sold land, which it had acquired 2 years ago. The land had cost $16,400 and it was sold for $16,400 cash. Kirk Corporation signed an agreement to rent additional storage space next month at a charge of $1,140 per month. What is the amount of total assets of Kirk Corporation at the end of the month
Business
1 answer:
Whitepunk [10]3 years ago
4 0

Answer:

The amount of total assets of Kirk Corporation at the end of the month is $ 871,400

Explanation:

Total assets at January 1 = $864,000

Equipment purchased = $ 7,400

Supplies purchased = $ 3,640

Cash paid for supplies = $ 3,640

Cost of land sold = $16,400

Cash received from Land sold = $16,400

Therefore total amount of cash out = $ 16,400 + $3,640 = $ $20,040

Total amount of cash in =  $ 7,400 + $ 3,640 + $16,400 = $27,440

Amount of total assets at the end of the month = $864,000 + $27,440 - $20,040 = $ 871,400

You might be interested in
How much money should Francesca set aside in her monthly budget in
ZanzabumX [31]

Answer: C. a reasonable amount that does not affect her quality of life.

Explanation:

7 0
3 years ago
Question 1 / 10
san4es73 [151]

Answer:

As soon as we get to school tomorrow, Rita and I will read the list.

Explanation:

Because I know.

7 0
3 years ago
Among the tax proposals regularly considered by Congress is an additional tax on distilled liquors. The tax would not apply to b
Lelu [443]

Answer:

Liquor consumers

Explanation:

Price elasticity measures the degree of responsiveness of quantity demanded to changes in price. Demand is elastic if a small change in price has a great effect on quantity demanded. The coefficient of elasticity is usually greater than 1.

Demand is inelastic if changes in price has little or no impact on the quantity demanded. Coefficient of elasticity is usually less than 1.

The elasticity of demand for liquor is -0.4 while the elasticity of supply for liquor is 3.5. Therefore the demand for liquor is inelastic while the supply of liquor is elastic.

If taxes are imposed on consumers, the quantity demanded wouldn't change or change a little.

If taxes are imposed on suppliers, the quantity supplied would fall more.

Therefore , the burden of tax can be passed on more to consumers.

I hope my answer helps you.

3 0
3 years ago
In the post-Reconstruction era most African-Americans in the South had little opportunity for economic advancement, and worked m
grin007 [14]
<span>Overwhelmingly, blacks refused to work in gangs under the direction of an overseer and generally preferred renting land to working for wages. African American's took the opportunity of freedom to educate themselves, band together, and work towards a more equal and fair life for not only themselves, but also their families.</span>
6 0
3 years ago
Productive resources are _____. A.factors that are used to make goods and services
svp [43]
Productive resources are factors that are used to make goods and services
7 0
3 years ago
Other questions:
  • Rob, Dave, and Kelly understand the financial risks involved in starting their own brewery; that's why they've established their
    12·1 answer
  • HELP PLSSS
    14·1 answer
  • Shauntae is 75 years old. he purchased a single life annuity contract that will pay him $3,000 per month for 10 years. the expec
    10·1 answer
  • holdy Inc's bonds currently sell for $1,275. They pay a $120 annual coupon and have a 20-year maturity, but they can be called i
    10·1 answer
  • Which of the following is a disadvantage of government provision of a public good? A. The private sector can provide all public
    14·1 answer
  • The process in which a test or battery of tests is administered to a different sample (drawn from the same population) for the p
    14·2 answers
  • At the end of May, the following adjustment data were assembled:A. Insurance expired during May is $275B. Supplies on hand on Ma
    5·1 answer
  • In each of the cases below, assume Division X has a product that can be sold either to outside customers or to Division Y of the
    14·1 answer
  • How much will a company's net operating income change if it undertakes an advertising campaign given the following data: Cost of
    9·1 answer
  • Question 10 of 36
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!