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goldfiish [28.3K]
3 years ago
11

If total assets decreased by $49,928 during a period of time and stockholders' equity increased by $26,024 during the same perio

d, then the amount and direction (increase or decrease) of the period's change in total liabilities is a.$21,578 increase b.$49,928 decrease c.$75,952 increase d.$75,952 decrease
Business
1 answer:
Gnesinka [82]3 years ago
5 0

Answer:

d.$75,952 decrease

Explanation:

We simply use the Accounting Equation to determine the period's change in total liabilities.

So, the Accounting Equation states :

Assets = Equity + Liabilities

also

Assets - Equity = Liabilities

therefore,

($49,928) - $26,024 =  Liabilities

(- $75,952) = Liabilities

conclusion

The period's change in total liabilities is $75,952 decrease

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The most powerful of the five competitive forces is usually: Select one: a. The competitive pressures that stem from ready avail
Bezzdna [24]

Answer:

b. The competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage.

Explanation:

The Porter’s five forces of competition is a framework developed by Michael E. Porter in 1979, it is used to measure and analyze an organization's competitiveness in a business environment.

The Porter's five forces of competition framework are:

1. The bargaining power of suppliers.

2. The bargaining power of customers.

3. Threat posed by substitute products.

4. Threats posed by new entrants.

5. Threats posed by existing rivals in the industry.

The most powerful of the five competitive forces is usually the competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage. When the amount of competitors (sellers), as well as the quantity of goods and services they provide are large, the lesser their competitive strengths or advantage in the market because the customers have a large pool of finished goods and services to choose from and vice-versa.

3 0
3 years ago
You currently own 100 shares of stock in Beverly Brothers Inc. The stock currently trades at $120 a share. The company is contem
Gwar [14]

Answer:

No option is correct, since you will have 200 shares and each share should be worth around $60.

Explanation:

If the 2-for-1 stock split takes place then you will have 200 shares instead of 100. For every 1 share that you currently own, the corporation will issue another share.

Since the price of the shares was $120 before the stock split, after the stock split the price will be divided by two (the same proportion). So each new share will cost approximately $60.

In order for option 2 to be correct, the stock spit should have been 3-for-1.

8 0
3 years ago
On January​ 1, 2018,​ Jordan, Inc. acquired a machine for $ 1,000,000. The estimated useful life of the asset is five years. Res
klemol [59]

Answer:

Annual depreciation=$188,000

Explanation:

Giving the following information:

Purchasing price= $1,000,000

Salvage value= $60,000

Useful life= 5 years

To calculate the depreciation expense under the straight-line method, we need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (1,000,000 - 60,000)/5

Annual depreciation=$188,000

6 0
3 years ago
Walter is a chemistry teacher who earns $50,000 per year, while Jesse is unemployed. Both Walter and Jesse want to go back to sc
katrin2010 [14]

Answer:

No, their economic cost of enrolling in the business program is not the same for both,

Explanation:

The explicit costs of going back to college are the same for Walter and Jesse, e.g. they might be $20,000 per year, or even $30,000 doesn't matter for this analysis. But Walter is currently working as a teacher and that means taht if he decides to go to college, his implicit costs will include the forgone salary as a teacher which is $50,000 per year. Implicit costs are opportunity costs, i.e. additional costs or benefits lost from choosing one activity or investment instead of another alternative.

Since Jesse is not working, whether she goes back to college or not will not affect her income, it will still be $0, but if Walter goes back to college he will lose his salary.

6 0
3 years ago
Halpert Hardware Pros, an American retail store, buys most of its inventory from Asian countries. Halpert Hardware Pros would be
Naddika [18.5K]

Answer: rose

Explanation: In the given case, Halpert hardware imports from asian countries,that is, they are on the buying side of the transaction. Therefore, if the value of dollar rises in relation to the currencies of countries from which halpert buys than they will be able to purchase more quantity with the same amount of dollars.

8 0
3 years ago
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