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Elan Coil [88]
3 years ago
13

Use the starting balance sheet and the list of changes to create an updated balance sheet and to answer the question.

Business
1 answer:
anastassius [24]3 years ago
4 0

Answer: $3,300,000

Explanation:

Accounting formula:

Assets = Equity + Liabilities

Total equity and liabilities on March 31 is:

= Beginning balance - decrease in liabilities + Increase in Equity

= 5,000,000 - 100,000 + 400,000

= $5,300,000

Assets therefore has to be $5,300,000 on the same date.

Assets = New cash balance + Other assets

5,300,000 = (2,200,000 - 200,000) + Other assets

Other assets = 5,300,000 - 2,000,000

= $3,300,000

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5 0
1 year ago
Mrs. Jones owns stock from which she received $3,000 in cash dividends. Mr. Jones owns stock from which he received $400 in cash
Nookie1986 [14]

Answer:

$3,400

Explanation:

Calculation for How much of the cash dividends received are Mr. and Mrs. Jones liable for

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3 years ago
A salesperson lacking goals will drift around their territory, wasting time and energy. Group startsTrue or False
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2 years ago
The following situations should be considered independently. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $
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Answer:

Explanation:

(1)

FV = PV x (1 + r)^N  

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PV = $35,000

r = 8%

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n = 6 years

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43,700 = 8,000 x PVA

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(3)

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3 years ago
The process of alliance management begins with
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