All categories

3 years ago

Accounting Equation

Business

1 answer:

baherus [9]3 years ago

8 0

,Answer:

a. $420,000
b. $473,000

Explanation:

a. Stockholders' equity December 31, 2017

Assets = Equity + Liabilities

529,000 = Equity + 127,000

Equity = 529,000 - 127,000

= $402,000

b. Stockholders' equity in 2018:

Assets = Equity + Liabilities

(529,000 + 101,000) = Equity + (127,000 + 30,000)

630,000 = Equity + 157,000

Equity = 630,000 - 157,000

= $473,000

You might be interested in

I'LL GIVE YOU BRAINLIEST and 99 POINTS!!!

grandymaker [24]

Advanced placement: Students take a high school class that counts as college credit.
Dual Credit: Students take a college class that counts as high school credit.
International Baccalaureate
Articulated Credit (not sure): Students take an advanced curriculum.
International Baccalaureate (not sure): Students must pass an exam at the end in order to get college credit.

hope this helps

8 0

3 years ago

Read 2 more answers

Cash and Carry is a store that carries food, clothing, and household goods at lower price margins than other nearby stores. Ther

bagirrra123 [75]

Answer: Discount store

Explanation: As the name suggests, discount store is the store in which the prices of general products are lower than other retail shops.

These stores makes it possible to provide such discounts by purchasing in bulk from the intermediary, or direct purchase from the producer or by cutting the cost of other services provided.

So, from the above we can conclude that cash and carry is a discount store.

7 0

3 years ago

If nicotine in cigarettes is highly addictive, why would it make economic sense for producers of cigarettes to offer free sample

makkiz [27]

If the nicotine cigarettes are highly addictive and they were to offer the free samples to young adults then it will make the people be highly addictive in the nicotine cigarettes and this will cause the economy in the producers to have a less demand in elasticity. If it has a less elasticity, then it will cause a large price change, affecting the consumed quantity by the consumers.

8 0

3 years ago

Read 2 more answers

Which of the following should be the primary goal pursued by the financial manager of a firm?a. Maximize net income (profits).b.

Neporo4naja [7]

Answer:

E. Maximize the market value of the firm's stock

Explanation:

7 0

3 years ago

Suppose the government introduces a $4 per unit tax on the supply of automobile tires (suppliers are responsible for submitting

omeli [17]

Answer:

The correct answer is: price elasticity of supply and demand.

Explanation:

The government introduces a $4 per unit tax on the supply of automobile tires. The tax is imposed on the suppliers. The effect of the imposition of tax will remain the same whether the incidence falls on the buyer or seller. The imposition of tax will lead to an increase in the price of the commodity.

The burden shared by the buyers and sellers depends on the elasticity of demand and supply. If demand is more elastic than the supply, the supplier will bear the greater burden and vice versa.

6 0

3 years ago