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azamat
3 years ago
5

Sid Summitt is the stockholder and operator of Our Idol LLC, a motivational consulting business. At the end of its accounting pe

riod, December 31, 2017, Our Idol has assets of $502,000 and liabilities of $120,000. Using the accounting equation, determine the following amounts:______.
a. Stockholders' equity as of December 31, 2017.
$
b. Stockholders' equity as of December 31, 2018, assuming that assets decreased by $117,000 and liabilities decreased by $36,000 during 2018.
$
Business
1 answer:
bagirrra123 [75]3 years ago
3 0

Answer:

a. Stockholder's equity as of December 31,2017 = Assets - Liabilities

= $502,000 - $120,000

= $382,000

b. Stockholder's equity as of December 31,2018 = $382,000-($117000 - $36000) = $229,000

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Three ways that savings can be transferred through the financial markets include all of the following EXCEPT Group of answer cho
Nikolay [14]

Answer: indirect transfer using the venture capital firm.

Explanation:

The capital market works to transfer funds from those who have it (savers) to those who need it (borrowers).

There are three ways this happens:

  1. Direct transfer - Savers transfer the money to those who need it directly without the need for any intermediary. For instance, your uncle loaning you money to start a car wash.
  2. Indirectly through Investment bank - Investment banks take the money savers deposit with them and invest in people and businesses to create a return for the savers.
  3. Indirectly through financial intermediary - Intermediaries like Mutual funds, Commercial banks etc, get money from savers and invest in opportunities.

Indirect transfer using Venture capital firm is not one of these ways as it falls under Indirectly through financial intermediary.

3 0
3 years ago
Despite their differences, with which proposition are two economists chosen at random most likely to agree? having a single inco
Tpy6a [65]
I believe the answer is <span>rent ceilings reduce the quantity and quality of available housing
Rent ceiling refers tot he maximum amount of Rent Payment that could be used in a certain area.
When apartment of owners are required to put rent ceiling, they tend to cover up the profit in any other way (such as reducing the service of the housing or using cheap materials to arrange the furnitures)</span>
3 0
3 years ago
The Wood Valley Dairy makes cheese to supply to stores in its area. The dairy can make 344 pounds of cheese per day (359 days pe
djyliett [7]

Answer:

the minimum total annual cost is $3,372.58

Explanation:

<em>Step 1 Calculate the the Optimum Batch Size for Production run</em>

OBS = √(2×Total demand×Set-up Costs)/Holding Cost per unit

       = √(2×59×359×$266)/$1.01

      =   3341

<em>Step 2 Calculate the minimum total annual cost</em>

Total costs = Set up costs + Carrying Costs

<em>                    </em>= (59×359)/3341 × $266 + 3341/2×$1.01

                   = $1,686.37 + $1,687.21

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6 0
4 years ago
Why is it necessary to define policy elements?Discuss the terms confidentiality, integrity, and availability as they relate to i
aleksklad [387]

Explanation:

First, it is important to know the definition of policy and its relevance to society and organizations.

Politics is the science of organization, direction and administration, linked to government, the state and public administration, with the aim of guiding the administration and promoting the public good. Therefore in every act of managing, whether in the fields of public or private administration, there will be policies for the direction of society and business.

Public policies are composed of 4 main elements: government involvement, perception of a problem, definition of an objective and definition of an action process.

Because of its relevance to social welfare, policy must be protected in different ways, so it is right to relate policy design to the three pillars of information security, confidentiality, integrity and availability.

Confidentiality refers to actions to ensure that data are protected, with a hierarchy of access to information only by authorized, is what happens in policy, the set of guidelines should be protected and only the high hierarchy can change it if necessary.

Integrity corresponds to preserving the reliability, accuracy and consistency of information, in politics we can relate how the protection of information change by unauthorized persons and the design of policies that integrate and benefit the whole society.

Availability corresponds to the access of information by individuals, in politics can be related to the access that every citizen should have of the set of policies to guide their actions and protect society from possible conflicts.

8 0
3 years ago
Aggregating potential car buyers into groups that have common needs and will respond in the same way to a marketing mix is a pro
denpristay [2]

Answer:E-Market Segmentation

Explanation:

4 0
3 years ago
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