Interest rates on a loan provide what key information?

Use the adjusted trial balance for stockton company below to answer the questions that follow. stockton company adjusted trial b

Katyanochek1 [597]

Answer: The Owner’s Equity ending balance is $15,730.

Explanation: In order to calculate the ending owner’s equity you need to identify the capital, revenue and expense accounts.

The Owner’s Equity is $12,940 and withdrawals are $790.

Revenue (Fees Earned) is $9,250.

Expenses equal 2,500 + 1,960 + 775 + 250 + 185 = $5,670.

Now that we have identified the each of the three categories, we will use the owner’s equity equation.

Owner’s Equity = Capital - Drawing + Revenues - Expenses

Owner’s Equity = $12,940 - 790 + 9,250 - 5,670

Owner’s Equity = $15,730

8 0

3 years ago

Liz Raiborn Inc. has the following financial results for the years 2019 through 2021 for its three regional divisions: 2019 2020

krok68 [10]

Answer:

return on sales = operating profit / net sales

Southwest 2019 = $875 / $14,675 = 5.96%

Southwest 2020 = $975 / $21,775 = 4.48%

Southwest 2021 = $1,125 / $25,775 = 4.36%

Midwest 2019 = $1,025 / $6,475 = 15.83%

Midwest 2020 = $1,375 / $6,775 = 20.3%

Midwest 2021 = $1,325 / $6,975 = 19%

Southeast 2019 = $775 / $12,175 = 6.37%

Southeast 2020 = $975 / $12,775 = 7.63%

Southeast 2021 = $1,375 / $13,075 = 10.52%

asset turnover = net sales / average total assets

Southwest 2019 = $14,675 / $13,775 = 1.07

Southwest 2020 = $21,775 / $13,975 = 1.56

Southwest 2021 = $25,775 / $16,575 = 1.56

Midwest 2019 = $6,475 / $4,475 = 1.45

Midwest 2020 = $6,775 / $3,975 = 1.7

Midwest 2021 = $6,975 / $3,975 = 1.75

Southeast 2019 = $12,175 / $5,075 = 2.4

Southeast 2020 = $12,775 / $5,375 = 2.38

Southeast 2021 = $13,075 / $5,375 = 2.43

return on investment = net income / cost of investment

Southwest 2019 = $875 / $13,775 = 6.35%

Southwest 2020 = $975 / $13,975 = 6.98%

Southwest 2021 = $1,125 / $16,575 = 6.79%

Midwest 2019 = $1,025 / $4,475 = 22.9%

Midwest 2020 = $1,375 / $3,975 = 34.59%

Midwest 2021 = $1,325 / $3,975 = 33.33%

Southeast 2019 = $775 / $5,075 = 15.27%

Southeast 2020 = $975 / $5,375 = 18.14%

Southeast 2021 = $1,375 / $5,375 = 25.58%

Explanation:

Revenue 2019 2020 2021

Southwest $ 14,675 $ 21,775 $ 25,775

Midwest 6,475 6,775 6,975

Southeast 12,175 12,775 13,075

Total $ 33,325 $ 41,325 $ 45,825

Net Operating Income 2019 2020 2021

Southwest $ 875 $ 975 $ 1,125

Midwest 1,025 1,375 1,325

Southeast 775 975 1,375

Total $ 2,675 $ 3,325 $ 3,825

Average Total Assets 2019 2020 2021

Southwest $ 13,775 $ 13,975 $ 16,575

Midwest 4,475 3,975 3,975

Southeast 5,075 5,375 5,375

Total $ 23,325 $ 23,325 $ 25,925

4 0

3 years ago

Mary is an authorized user on her parents' credit card. What may happen if Mary doesn't use the card in a responsible way?

iren [92.7K]

If Mary doesn't use the card in a responsible way, there's a possibility that Mary will spend more than what her parents allowed her to spend. Therefore, giving more payment duties to her parents which could also result to debt if the amount spend is too much.

5 0

4 years ago

Read 2 more answers

Helena is looking for an advisor who can help guide her as she invests. She also wants to reduce transaction and trading costs.

Trava [24]

The correct answer would be option D. Mr. Jones, who has positive client reviews and charges moderate fees.

Her goal is to achieve a 8% return in one year so that she can buy a house. Mr. Jones, who has positive client reviews and charges moderate fees, would be the most appropriate one for her.

Explanation:

When choosing the best for you, you must make a decision by considering all the factors contributing in the choice of that alternative.

So when Helena wants to hire an adviser who can help her guide her with the investments, she should choose the one who has positive clients' reviews. This would be to first priority for Helena to choose the adviser. Secondly if that adviser charges moderate fee, then this would be a plus point for that alternative.

So Helena must choose Mr. Jones who has both positive reviews as well as charges moderate fees.

Learn more about decision making at:

brainly.com/question/9075718

#LearnWithBrainly

5 0

3 years ago

The following transactions were completed by the company.

vlada-n [284]

Question Completion:

The impact on accounting equation:

Answer:

Assets = Liabilities + Equity

a. Cash +$6,200 = Liabilities + Retained Earnings + $6,200

b. Accounts Receivable +$4,700 = Liabilities + Retained Earnings + $4,700

c. Cash -$1,750 = Liabilities + Retained Earnings -$1,750

d. Cash + $2,350; Accounts Receivable -$2,350 = Liabilities + Equity

e. Cash - $840 = Liabilities + Retained Earnings -$840

Explanation:

The accounting equation states that Assets = Liabilities + Equity. This equation means that every business transaction has effect on either side or both sides of the equation. For every transaction, the Assets are increased or decreased and Liabilities + Equity are increased or decreased. And sometimes, only one side is affected by a transaction. This means that the affected side is increased and decreased by one transaction. Case "d" is typical example.

5 0

4 years ago