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
bearhunter [10]
3 years ago
6

Andrews Company currently has the following balances in their liability and equity accounts: Total Liabilities: $52,319,000 Comm

on Stock: $8,808,000 Retained Earnings: $45,066,000 Next year the Andrews Company generates $11,500,000 in Net Profit, pays $5,000,000 in dividends, and total liabilities and common stock remain unchanged. What will their total assets be next year
Business
1 answer:
Dovator [93]3 years ago
7 0

Answer: $112,693,000

Explanation:

Total assets = Equity + Liabilities

Liabilities will not change in the new year.

Retained earnings = Beginning retained earnings + Net income - Dividends

= 45,066,000 + 11,500,000 - 5,000,000

= $51,566,000

Assets = (8,808,000 + 51,566,000) + 52,319,000

= $112,693,000

Note: Equity is the sum of common stock and retained earnings

You might be interested in
A country in South America has large reserves of copper and tin. Mining forms the pillar of its economy. A major part of its rev
Ilya [14]

Answer:

B) raw material exporting

Explanation:

Based on the information provided within the question it can be said that this country most likely has a raw material exporting economy. This is a type of economy that focuses mainly on exporting and trading the raw materials which it's host country is rich in. This allows them to make money and import more necessary things that the country needs but can't produce.

3 0
3 years ago
Warnerwoods Company uses a perpetual inventory system.
Liono4ka [1.6K]

Answer:

gross profit under FIFO = $40,570 - $25,220 = $15,350

gross profit under LIFO = $40,570 - $26,340 = $14,230

gross profit under weighted average = $40,570 - $26,240 = $14,330

gross profit under specific id. = $40,570 - $26,070 = $14,500

Explanation:

sales revenue = (290 x $86.60) + (160 x $96.60) = $40,570

COGS under FIFO:

130 x $51.60 = $6,708

160 x $56.60 = $9,056

80 x $56.60 = $4,528

80 x $61,60 = $4,928

total COGS = $25,220

COGS under LIFO:

240 x $56.60 = $13,584

50 x $51.60 = $2,580

160 x $63.60 = $10,176

total COGS = $26,340

COGS under weighted average:

weighted average = [(130 x $51.60) + (240 x $56.60) + (100 x $61.60) + (180 x $63.60)] / 650 = $58.31

450 x $58.31 = $26,239.50 ≈ $26,240

COGS under specific method:

80 x $51.60 = $4,128

210 x $56.60 = $11,886

60 x $61.60 = $3,696

100 x $63,60 = $6,360

total COGS = $26,070

8 0
3 years ago
Increasing your 401k deduction will ________ your take-home pay and __________ your federal taxes in the current year.
MArishka [77]
Increasing your 401k deduction will  LOWER/DECREASE your take-home pay and LOWER/DECREASE your federal taxes in the current year.
401k is a specific amount of money that will be deducted from your initial pay so it could be allocated to your pension account.
When 401k deduction increased, it will take a bigger chunk on your salary, so your take-home pay will be reduced. The amount of 401k deduction is considered as pre-tax, so it would not be counted in federal tax.
4 0
3 years ago
Assume the following data for Cable Corporation and Multi-Media Inc. Cable Corporation Multi-Media Inc. Net income $ 30,700 $ 11
BlackZzzverrR [31]

Answer:

<u>Return on equity (ROE) for Firm A</u>   = 11.99%

<u>Return on equity (ROE) for Firm B</u>   = 25.33%

Explanation:

Return on equity (ROE) = net income by shareholders' equity

<u>Return on equity (ROE) for Firm A </u>

30,700/256,000 x 100= 11.99%

<u>Return on equity (ROE) for Firm A </u>

115,000/454,000x 100 = 25.33%

6 0
4 years ago
A loop invariant property is ________________. Group of answer choices A set of statements in the loop that are always executed
makkiz [27]

Answer:

The correct answer is: A set a variables that do not change throughout a loop.

Explanation:

In computer science, a loop invariant property refers to a statement that is true about a program variable before and after each iteration of a loop. The loop invariant has three (3) properties: initialization (<em>true before the first execution</em>), maintenance (<em>true after the iteration</em>), and termination (<em>the invariant loop must provide useful information after terminated</em>).

4 0
3 years ago
Other questions:
  • A(n)______________________ aligns strategic goals, operations effectiveness, reporting, and compliance objectives. a. operationa
    5·2 answers
  • The​ ________ market consists of​ schools, hospitals, nursing​ homes, prisons, and other institutions that provide goods and ser
    5·1 answer
  • When do you guys think rockstar games will announce GTA 6 i've been waiting for it since RDR2
    12·1 answer
  • "In the long run a company that produces and sells kayaks incurs total costs of $15,000 when output is 30 kayaks and $20,000 whe
    13·2 answers
  • I want to know about basic procurement principles
    8·1 answer
  • Estimate the cost of expanding a planned new clinic by 25,000 ft2. The appropriate capacity exponent is 0.62, and the budget est
    6·1 answer
  • According to income tax law, John could adjust the cost basis of his personal residence for which of the following items?A. Inte
    9·1 answer
  • At an activity level of 3,000 units, North Corporation's total variable cost is $15,000 and its total fixed cost is $20,000. For
    5·1 answer
  • Which consequences can victims of identity theft face? Check all that apply.
    9·1 answer
  • Bingerton industries began the year with inventory of$85,000. Purchases of inventory on account during the year totaled $310,000
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!