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Answer:
12,338,352 companies
Explanation:
If the companies' names can have either 4 or 5 letters, and teh letters can repeat themselves, then the total number of companies that can be listed on NASDAQ is:
4 letter names = 26 x 26 x 26 x 26 = 26⁴ = 456,976
5 letter names = 26 x 26 x 26 x 26 x 26 = 26⁵ = 11,881,376
total number of companies listed = 456,976 + 11,881,376 = 12,338,352
Answer:
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Explanation:
Answer:
$159,500
Explanation:
Total assets = $870,000
Total liabilities = $745,000.
Total equity is the difference between the assets and liabilities according to the accounting equation. Therefore,
Total equity = $870,000 - $745,000
= $125,000
Increase in asset during the year = $59,000
Increase in liabilities during the year = $24,500
Therefore, increase in equity
= $59,000 - $24,500
= $34,500
At the end of the current year, stockholders' equity is made up of the opening balance and the increase during the year. Hence,
current year's stockholders' equity = $125,000 + $34,500
= $159,500
