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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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AlexFokin [52]

Answer:

U.S. GDP = $440

Explanation:

If Texas household receives a Social Security check for $, and after calculating the purchases the US GDP is as follows:

Shoes from the Thai and korean firm is part of imports

Imports = $40 + $1240 = $1280

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GDP =$1500 + $220 - $1280 = $440

8 0
4 years ago
Explain the roles of monetary and fiscal policy in causing and ending hyperinflation.
german

Answer:

Explanation:

Hyperinflation occurs when the prices of goods and services increases very rapidly. This situation is stirred up when the federal government in a country prints more money in order to finance their fiscal budget, this leads to increase in price coupled with inflation, this is as a result of increase in the supply of money.

The government is supposed to secure the supply of money in order to reduce inflation instead of printing more money. Consumers that understands what this means anticipates increase in price, this makes them buy more before the eventual increase in price.

Note that during hyperinflation debtors benefits, because their debt becomes worthless due to increase in price.

3 0
3 years ago
McCoy’s Fish House purchases a tract of land and an existing building for $900,000. The company plans to remove the old building
kherson [118]

Answer: $962000

Explanation:

From the information given, the amount

that McCoy’s Fish House should record as the cost of the land will be:

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Cost of land = $962000

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8 0
3 years ago
An association had a fund balance of 75 on January 1 and 60 on December 31. At the end of every month during the year, the assoc
ValentinkaMS [17]

Answer: 0.11 or 11%

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Once you've got both numbers, divide the first by the second. which will offer you the dollar-weighted investment return, which you'll then multiply by 100 to give you a return in percentage terms.

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3 years ago
Which of the following retirement plans offer tax benefits?
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Any answer choices???
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