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Triss [41]
3 years ago
14

If total llabilities equal $32,633 and owner's equity equals $33,968, the total value of assets is

Business
1 answer:
telo118 [61]3 years ago
6 0
I need help on this please
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David, a payroll clerk, came up with an idea for processing payroll more efficiently and presented it to the Human Resources Dep
Alenkinab [10]

Answer:

This is very True

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4 years ago
For a fitness center purchasing a $3,000 photocopier expected to produce 30,000 copies with no salvage value at the end of the p
Jobisdone [24]

Answer:

<u>Depreciation expense per year</u>

Year 1 = $1200

Year 2 = $800

Year 3 = $600

Year 4 = $300

Year 5 = $100

Explanation:

To determine the depreciation expense under the units of production/activity method of charging depreciation, we will first calculate the depreciation expense per unit and then multiply it with the units of production in each year to calculate the depreciation expense for that year.

The formula for depreciation under this method is attached.

Depreciation per unit = (3000 - 0) / 30000   = $0.1 per copy

<u />

<u>Depreciation expense per year</u>

Year 1 = 0.1 * 12000 = $1200

Year 2 = 0.1 * 8000 = $800

Year 3 = 0.1 * 6000 = $600

Year 4 = 0.1 * 3000 = $300

Year 5 = 0.1 * 1000 = $100

7 0
3 years ago
Which of the following scenarios is an example of monopolistic competition?
Anestetic [448]
B.
The bus company has monopoly over the bus service in the town because it has no competitors.
3 0
3 years ago
Read 2 more answers
Suppose your friend’s employer will contribute to the account each year as part of the company’s profit sharing plan. In additio
Butoxors [25]

Answer:

$6618 annual payment

Explanation:

Employer's annual contribution = $1500 until trust fund distribution

trust fund distribution = $25000

years to trust fund distribution = 20 years

To calculate the amount she must deposit to make up the amount ( future required amount ) she will pay the difference between the required value and the contribution from her employer + trust fund distribution

future value = 1500 FVIFA(8%,30) + 2500 FVIFA( 8%,10)

                      = 169924( 1500*113.28) + 53973 = 223897

therefore the required total of what she should deposit = 973633 - 223897 = 749735

the amount she must deposit annually is calculated as

749735 ( total payment ) = annuity * FVIFA(8%,30 )

ANNUITY =  749735 / 113.28

                = $6618

NOTE : FVIFA (8%,30) and FVIFA( 8%,10) values are gotten from the FVIFA table

8 0
3 years ago
Mountain Bikes, Inc. (MBI), and Nero enter into a contract for a sale of amountain bike. MBI, a merchant who deals in goods of t
elena-s [515]

Answer:

B) making warranties easier to understand.

Explanation:

The Magnuson Moss Warranty Act of 1975 governs consumer product warranties. Manufacturers are not required to offer product warranties, but when they do, they are required to provide clear and detailed information about warranty coverage. This law applies only to products, it doesn't apply to services.

3 0
3 years ago
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