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3 years ago

During February, assets increased by 87000 and liabilities increased by 31000 . Equity must have:___________.

Business

1 answer:

Pie3 years ago

3 0

Answer:

a. increased by $56,000

Explanation:

General accounting equation ;

Assets = Liabilities + Owners equity

Owners equity = Assets - Liabilities.

Therefore,

Increase in stockholder's equity

= $87,000 - $31,000

= $56,000

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juliana was assigned to analyze the process her company uses to write proposals. she worked on her report for more than a month.

bulgar [2K]

The best standard explains Juliana's decision to acknowledge her colleagues is;

Care

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2 years ago

operation, 2,300 units were produced and 1,800 units were sold. Actual fixed costs are the same as the amount budgeted for the m

kykrilka [37]

Answer:

$124,200

Explanation:

Contribution margin is net of sales value and variable cost. This value is available to cover the fixed cost of the business and profit after adjusting fixed cost.

As per given data

Price = $98

Numbers of units sold = 1,800

Total Sales = $98 x 1,800 = $176,400

Variable cost = $23 x 1,800 units = $41,400

Variable marketing cost = $6 x 1,800 = $10,800

Total Variable cost = $41,400 + $10,800 = $52,200

Contribution Margin = Total Sales - Total Variable cost

Contribution Margin = $176,400 - $52,200

Contribution Margin = $124,200

5 0

3 years ago

Read 2 more answers

Lori's Company has the following items: cash in a checking account, $ 9 comma 000$9,000; cash in a savings account, $ 7 comm

Brut [27]

Answer:

$15,576 should appear as Cash and Cash Equivalents on the balance sheet

Explanation:

Cash and Cash Equivalents

= Cash in a checking account + Cash in saving account + High-grade government securities

= $5,000 + $7,000 + $3,576

= $15,576

Therefore, $15,576 should appear as Cash and Cash Equivalents on the balance sheet

6 0

4 years ago

Real World Financials ABC Corporation reported the following information in its financial statements for three successive quarte

Debora [2.8K]

Answer:

(Q4) Receivables turnover ratio= 1.135

(Q1) Receivables turnover ratio= 1.153

Average collection period for Q1=31 7 days

Average collection period for Q4 = 317 days

Explanation:

The Receivables turnover ratio gives us the efficiency of collections and the Average collection period tells us the number of days in which the receivable is collected.

Three Months Ended (Q1) (Q4) (Q3)

9/30/2017 6/30/2017 3/31/2017

Balance sheets:

Accounts receivable, net $ 21,361 $ 19,880 $ 12,970

Income statements:

Sales revenue $ 24,620 $ 23,400 $ 22,260

Receivables turnover ratio= Net Sales / Average Accounts Receivable

Average Accounts Receivable= Net Receivables for one Quarter + Net Receivables for other Quarter/2

(Q3) Receivables turnover ratio= $ 22,260/ $ 12,970 + $ 19,880/2

(Q3) Receivables turnover ratio= $ 22,260/ 16425

(Q3) Receivables turnover ratio= 1.355

This indicates that average accounts receivable balance is converted into cash 1.355 times during the quarter.

(Q4) Receivables turnover ratio= $ 23,400 /$ 19,880 + $ 21,361 /2

(Q4) Receivables turnover ratio= $ 23,400 /20620.5

(Q4) Receivables turnover ratio= 1.135

This indicates that average accounts receivable balance is converted into cash 1. 135 times during the quarter.

(Q1) Receivables turnover ratio= $ 24,620/$ 21,361 ( assuming net is average)

(Q1) Receivables turnover ratio= 1.153

This indicates that net accounts receivable balance is converted into cash

1. 153 times during the quarter.

Average collection period for Q1 = 365/ Receivables turnover ratio

Average collection period for Q1= 365/1.153= 316.6= 317 days

Average collection period for Q1=31 7 days

Average collection period for Q4 = 365/Receivables turnover ratio

Average collection period for Q4 = 365/1.15= 317.4= 317 days

8 0

3 years ago

Your boss is considering a 5-year investment project. If the project is accepted, it would require an immediate spending of $678

marusya05 [52]

Answer:

$50.47

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

Cash flow in year 0 = - ($678 + $58 ) = -736

Cash flow in year 1 - 4 = $173

Cash flow in year 5 = $173 + $144

I = 8.1

NPV = 50.47

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

7 0

3 years ago

During​ February, assets increased by 87000 and liabilities increased by 31000 . Equity must have:___________.

During February, assets increased by 87000 and liabilities increased by 31000 . Equity must have:___________.