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
coldgirl [10]
2 years ago
7

Following is an extract of account balances of Wilson Mowing Services as of December 31 of the first year of operation. Accounts

Receivable $7,000 Accounts Payable 4,000 Salaries Expense 6,000 Repairs Expense 500 Truck 8,000 Equipment 10,000 Notes Payable 8,100 Cash 7,300 Supplies Expense 1,400 Service Revenue 35,000 Gasoline Expense 3,800 Salaries Payable 300 What is the amount of total assets at the end of the year
Business
1 answer:
Nataly [62]2 years ago
8 0

Answer:

$32,300

Explanation:

With regards to the above, the amount of total assets is the addition of current assets + Fixed assets.

= Accounts receivables + Cash + Truck equipment

= $7,000 + $7,300+ $8,000 + $10,000

= $32,300

Therefore ,

Total assets = $32,300

You might be interested in
A recession is____.<br> Consecutive periods of deflation<br> Apex Financial Literacy
Anni [7]

A recession is when the inflation rate is low.. prices are falling dramatically in the market

4 0
3 years ago
Read 2 more answers
In 2021, Carson is claimed as a dependent on his parents' tax return. His parents report taxable income of $200,000 (married fil
serg [7]

Carson's tax liability for 2021 as a 23-year full-time student, who earns from the summer internship and part-time job and receives a qualified dividend is $645.

<h3>What is tax liability?</h3>

Tax liability refers to the amount that a taxpayer is obliged to pay.

The tax liability is a function of the taxpayer's taxable income, tax bracket, deductions, and applicable tax rate.

In this case, we have assumed a flat tax rate of 10% for both Carlson's earned income and the dividend income.

<h3>Data and Calculations:</h3>

Earned income = $14,000

Qualified Dividend income = $5,000

Adjusted taxable income = $6,450 ($19,000 - $12,550)

Tax liability = $645 ($6,450 x 10%)

Thus, Carson's tax liability for 2021 is $645.

Learn more about tax liabilities at brainly.com/question/7409145

4 0
2 years ago
School teachers, counselors, and job placement centers can help you _____. a. place a classified job advertisement b. identify j
Dimas [21]

Answer:

Identify job leads and set up interviews.

Explanation:

6 0
3 years ago
Read 2 more answers
The following data pertain to an investment proposal: Required investment $75,000 Annual cash savings $18,000 Projected life of
ehidna [41]

Answer:

Explanation:

Using a financial calculator, input the following using CF function;

Initial Investment ; CF0 = -75,000

Yr1 cashflow ; C01 = 18,000

Yr2 cashflow ; C02 = 18,000

Yr3 cashflow ; C03 = 18,000

Yr4 cashflow ; C04= 18,000

Yr5 cashflow ; C05 = 18,000

Yr6 cashflow ; C06 = 18,000

Yr7 cashflow ; C07 = 18,000

Yr8 cashflow ; C08 = 18,000 +4,000 = 22,000

Required rate of return = 16%

then compute Net present value by keying in NPV, CPT = $4,404.74

5 0
2 years ago
An agreement that requires employees to settle disputes with their employer using arbitration instead of a lawsuit is known as
Reil [10]

Answer:

An arbitration agreement is a contract in which you and your employer agree that certain disputes will be decided in arbitration, not litigation. When you sign a binding arbitration agreement, you are giving up your right to go to court.

Explanation:

6 0
2 years ago
Other questions:
  • A balanced scorecard approach creates goals in four key performance areas and assesses ________.
    14·1 answer
  • In order to obtain a job you may have to go through the typical sequence of interviews, which includes
    11·1 answer
  • George believes that internal marketing is important for a goods manufacturing firm. However, Erick believes that internal marke
    10·1 answer
  • 20. The consumer price index was 120 in 2013 and 126 in 2014. The nominal interest rate during this period was 8 percent. What w
    11·1 answer
  • A researcher sends a link to an internet based survey to every student at their university and encourages each to send the link
    13·1 answer
  • Question 2b<br> Short answer please its only for 2 marks
    6·1 answer
  • A government collects $70 billion quarterly in tax revenue. Each year it allocates $15 billion to the justice system and $29 bil
    13·2 answers
  • The tables show the spending and revenue for Littleland in 2010. Use the tables and other information to answer the questions. S
    8·1 answer
  • A firm's collection policy, i.e., the procedures it follows to collect accounts receivable, plays an important role in keeping i
    5·1 answer
  • When the Fed carries out contractionary monetary policy through selling bonds __________. Select the correct answer below: it re
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!