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Drupady [299]
3 years ago
8

The following information relates to Smoothie Incorporated. Beginning assets = 200,000 Beginning liabilities = 124,000 Beginning

equity = 76,000 Sales during the year = 617,000 Expenses (including taxes) during the year = 561,000 Dividends during the year = 14,000 Proceeds from the issuance of stock = 35,000 Ending assets = 285,000 Using the accounting equation, what is the ending balance of equity?
Business
1 answer:
Debora [2.8K]3 years ago
3 0

Answer:

$153,000

Explanation:

With regards to the above, ending balance of equity

= Beginning equity + Sales during the year - Expenses(including taxes) during the year - dividends + proceeds from the issuance of stock

= $76,000 + $617,000 - $561,000 - $14,000 + $35,000

= $153,000

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Answer:

3 days.

Explanation:

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Written notice of an Investigative Report must be given within 3 days advance notice before the report beings.

Basically, an investigative report is required or expected to give an insured person not more than 3 days advance written notice before the report will begin.

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3 years ago
AB When considering two mutually exclusive projects, the firm should always select the project whose internal rate of return is
Mnenie [13.5K]

Answer:

False

Explanation:

If an investment project can be repeated, i.e. its life cycle can be extended by reinvesting, the NPV of the project will change.

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3 years ago
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Spencer Tools would like to offer a special product to its best customers. However, the firm wants to limit its maximum potentia
pochemuha

Answer:

b. 3,249 units

Explanation:

Step 1. Given information.

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Depreciation expense 9.700

Contribution margin 9.85

Step 2. Formulas needed to solve the exercise.

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6 0
3 years ago
List two examples of service you have purchased in the past or may purchase in the future
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MA_775_DIABLO [31]

Answer:

Simple interest is paid on large, long-term loans, while compound interest is paid on small, short-term loans. Simple interest is paid on the principal and interest accrued, while compound interest is paid only on the principal.  Ask for details.

Explanation:

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3 years ago
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