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Aneli [31]
3 years ago
10

During the current year, assets increased from $11,000 to $19,000, and liabilities decreased from $9,000 to $7,500. If no additi

onal capital contributions were made during the year, dividends totaled $4,000, and expenses totaled $21,000, determine total revenues for the year
Business
1 answer:
garik1379 [7]3 years ago
6 0

Answer:

$34,500

Explanation:

Calculation to determine total revenues for the year

Using this formula

Total revenues=Increase in Assets+Decreased in liabilities+Dividends+Expenses

Let plug in the formula

Total revenues=($11,000-$19,000)+($9,000-$7,500)+$4,000+$21,000

Total revenues=$8,000+$1,500+$4,000+$21,000

Total revenues=$34,500

Therefore total revenues for the year is $34,500

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Property rights _________________________________________.
givi [52]
Your answer is B, they provide incentives for people to exchange goods and services.
5 0
3 years ago
In the efficiency wage model with the efficiency wage above the market-clearing wage, the level of employment depends on:
Scilla [17]

In the efficiency wage model with the efficiency wage above the market-clearing wage, the level of employment depends on: labor demand alone.

<h3>What is wages model?</h3>

Wages model is a model that stated that wages which a worker or an employee earn is based on the workforce or the amount of money available to pay the workers.

In a situation were will have wage that is above the market-clearing wage this tend to mean that the level of employment will depends on  labor demand only.

Therefore  the level of employment depends on: labor demand alone.

Learn more about wages model here:brainly.com/question/1622389

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8 0
2 years ago
Uncollectible accounts are determined by the​ percent-of-sales method to be 22​% of credit sales. How much is​ uncollectible-acc
dybincka [34]

Answer:

Therefore uncollectibel account expense = 0.22 x 94,000 = $20,680

Explanation:

Uncollectible accounts are determined by the​ percent-of-sales method to be 22​% of credit sales. How much is​ uncollectible-account expense for 2014​?

Uncollectible Accounst will simply be 22% multiplied by the credit sales figure for the year.

Accounts Receivable.....26,000

Allowance for collectible account...1,500

Credit sales for 2014 ...$94,000

Cash Sales for 2014.....28,000

Collection from customers on account...100,000

Therefore uncollectibel account expense = 0.22 x 94,000 = $20,680

6 0
2 years ago
MVJ Corp., a market research firm, borrows $2 million from trimitium bank. while negotiating with the bank, the firm signs a pro
atroni [7]

Answer:

Option "2" is the correct answer to the following statement.

Explanation:

A short-term loan is a form of loan received to endorse short term business and personal wealth for a very short period. It is a tempting and temporary option, for most of the short term businesses which are not easily eligible for a loan from a financial institution.

This type of loan mostly paid back in a very short period usually in 12 months.

In this case, MVJ gets a loan for 90 days or 3 months so it is considered a short term loan.

8 0
3 years ago
An economy initially has 200 units of physical capital per worker. Each year, it increases the amount of physical capital by 10%
tatyana61 [14]

Answer:

266,2 units of capital per worker

Explanation:

The capital growth as stated is compound growth. Since technology and human capital are constant, there is not expected changed in productivity factors relationship, so the formula for compound growth, in this case, is: capital per worker in 3 years' time = capital per worker * (1+ annual rate growth) ^ 3. Computing numbers would be: capital per worker in 3 years' time = 200*(1+10)^3= 266,2

4 0
3 years ago
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