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If total liabilities decreased by $24,119 during a period of time and stockholders' equity increased by $33,952 during the same

Nezavi [6.7K]

Answer:

An increase of $9,833

Explanation:

The accounting equation defines the relationship between the elements of the balance sheet. These are the asset , liabilities and equity. It is given as

Assets = Liabilities + Equity

Given that total liabilities decreased by $24,119 during a period of time and stockholders' equity increased by $33,952 during the same period,

Effect on asset

= - $24,119 + $33,952

= + 9833

The amount and direction (increase) of the periods change in total assets is an increase of $9833.

4 0

4 years ago

You take out a loan for $100,000 at an annual interest rate of 5.9% that is to be paid with three equal annual payments of $37,3

Hunter-Best [27]

Answer:

The principal repaid in the second year will be $33,296.

Explanation:

Out of each 37,341.79 payment a part of it will be principal repayment and a part of it will be interest payment. When the first 100,000 is paid (0.059*100,000)=5,900 is interest and (37,341-5,900)= 31,441 is principal repayment which means, that in the second year the principal remaining is (100,000-31,441)=68,559. So the interest payment in the second year will be (0.059*68,559)=4,045 and the principal repaid will be (37,341-4,045)=33,296.

8 0

3 years ago

Amazon's latest attempt to shore up and enhance its competitive barriers by introducing a home service marketplace that may help

fenix001 [56]

Answer:

Customer excellence

Explanation:

Amazon's latest attempt to store up and enhance its competitive barriers by introducing a home service marketplace that may help it achieve a lasting , powerful advantage is an example of Customer Excellence.

Customer excellence help a company in attracting the customer towards it. Customer excellence can be achieve by making your customers happy, by providing them good quality of goods, by listening their grievances , by providing them after sale service which is an important thing , by never saying no to them , always provide help to them .

Employees of the company should always be attentive towards the need of the customer .They should have complete knowledge of the product so that customer have no doubt regarding the product at the time of purchasing. He should have the ability to read the mind of the customer and understand his need .

4 0

3 years ago

During 2020, Nash Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Nash for a lump s

LUCKY_DIMON [66]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The manufacturer sells the chairs to Nash for a lump sum of $161,595.

Purchase:

Lounge chairs 1,080

Armchairs 810

Straight chairs 1,890

Sell:

Lounge chairs: 540 units at $90 =48600

Armchairs: 270 units at $80= 21600

Straight chairs: 324at $50= 16200

We need to determine the cost of sold goods. First, we will ponderate the lump sum cost for each type of chair.

Total units= 3780

Lounge= 1080/3780= 0.29

Armchairs= 810/3780= 0.21

Straight= 1890/3780= 0.5

Total cost= 161,595.

Lounge= 0.29* 161595= $46,862.55= $43.39

Armchairs= 0.21*161595= $33,934.95= $41.89

Straight= 0.5* 161595= $80,797.5= $42.75

Sales= $86400

COGS= (43.39*540) + (41.89*270) + (42.75*324)= 48,591.9

Gross profit= 37,808.1

Inventory= 161595 - 48491.9= %113,103.1

4 0

3 years ago

EA11.

Vedmedyk [2.9K]

Answer:

$1,700

Explanation:

Given that,

Purchase of raw materials inventory = $1,000

Assignment of raw materials inventory to Job 5 = $500

Payroll for 20 hours with $1,000 assigned to Job 5

Factory utility bills = $750

Overhead applied at the rate = $10 per hour

Cost assigned to Job 5 at the end of the week:

= Raw materials inventory to Job 5 + Labor cost + Manufacturing Overhead applied

= $500 + $1,000 + ($10 per hour × 20 hours)

= $500 + $1,000 + $200

= $1,700

3 0

4 years ago