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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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EA13.

ioda

Answer:

Units transferred out during the period

Material Conversion

Units Units

Beginning work-in-progress 8,329 5,580

Units started during the period 23,142 15,505

Ending work-in-progress (9,321) (6,245)

Units transferred out 22,150 14,840

Explanation:

Units transferred out during the period is the aggregate of beginning work-in-progress and units started during the period minus ending work-in-progress. Since the conversion is 67% complete, it means we will apply 67% on beginning work-in-progress of 8,329 units in order to obtain the beginning inventory of conversion. Moreso, 67% will be applied on the units started during the period of 23,142 units to obtain the units started for conversion. We will also apply 67% to the ending work-in-progress of 9,321 units so as to obtain the ending work-in-progress of conversion.

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3 years ago

James, age 35, did not have minimum essential coverage for any part of 2018. If James is single and has 2018 adjusted gross inco

aalyn [17]

Answer:

$725

Explanation:

Obamacare (or Affordable Care Act) stated that starting in 2014, everyone must have either minimum essential coverage, a coverage exemption or they have to pay a shared responsibility payment.

The shared responsibility payment for 2018 was $695 for each adult and $347.50 for each child, with a family maximum of $2,085, or 2.5% of taxable income, whichever is higher.

(gross income - standard deduction ) x 2.5% = ($41,000 - $12,000) x 2.5% = $725

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4 years ago

QUESTION 1 When several alternative investment proposals of the same amount are being considered, the one with the largest net p

Yuri [45]

Answer:

The answer is option B) If the alternative proposals involve different amounts of investment, it is useful to prepare a relative ranking of the proposals by using a present value index.

Explanation:

Present Value Index is a used to measure the feasibility and efficiency of investment options. It is the ratio of the Net Present Value of a project to the initial option required for it.

When several alternative investment proposals of the same amount are being considered, the one with the largest net present value is the most desirable.

However, If the alternative proposals involve different amounts of investment, it is useful to prepare a relative ranking of the proposals by using a present value Index.

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3 years ago

A partner can be held liable for a partnership obligation only if he or she participated in, or knew about, whatever it was that

Tju [1.3M]

A partner cannot be held liable for a partnership obligation only if he or she participated in, or knew about, whatever it was that gave rise to the obligation.

<h3>What is partnership?</h3>

Partnership arrangements come in many different forms. One type of business where partners may have minimal liability is a partnership where all participants share profits and liabilities equally. Additionally, there is the so-called "silent partner," when one party does not participate in the day-to-day management of the company.

An agreement between two or more people to manage a business' operations and divide its assets and liabilities is known as a partnership.
All partners in a general partnership corporation split the company's assets and debts equally.
Lawyers and other professionals frequently create limited liability partnerships.

A partnership may have tax advantages over a corporation.

To learn more about partnership from the given link:

brainly.com/question/22848646

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2 years ago

An economy has 100 people divided among the following groups: 25 have full-time jobs, 20 part-time jobs, 5 has two part-time job

Svet_ta [14]

Answer:

a. Labour Force = 70 people

Labour Force Participation Rate = 87.5%

b. Unemployed = 60 people

Unemployed Rate = 85.7 %

c. Total Employment

By Household Survey = 60 people

By Establishment Survey = 65 people

Explanation:

Given

Total number of People = 100

Full time = 25

Part time = 20

2 part time jobs = 5

Looking for job = 10

Not looking for job = 10

Business owners = 10

Retired = 10

Children = 10

Labour Force = Total people in the economy - (Retired + Children + Not looking for job)

Labour Force = 100 - (10 + 10 + 10)

Labour Force = 100 - 30

Labour Force = 70 People

Labour Force Participation Rate is calculated by dividing the number of people actively participating in the labor force by the total number of people eligible to participate in the labor force

Number of active participant = Labour Force = 70

Number of eligible participants = 70 + 10 (discourage workers not looking for job)

Number of eligible participants = 80

Labour Force Participation Rate = 70/80

Labour Force Participation Rate = 0.875

Labour Force Participation Rate = 87.5%

Unemployed People = Labour Force - 10 (people looking for job)

Unemployed People = 70 - 10

Unemployed People = 60 people

Unemployed Rate = Unemployed People/ Labour Force

Unemployed Rate = 60/70

Unemployed Rate = 0.857

Unemployed Rate = 85.7%

Total Employment

I. Using Household Survey

Here, the number of people with source of income is counted

Total = Full-time +. Part time + 2 part time jobs + business owners

Total = 25 + 20 + 5 + 10

Total = 60 people

Ii. Using Establishment Survey

Here the number of jobs is counted. So, those with 2 part time job owners are counted as 5 * 2 jobs = 10

Total = Full-time +. Part time + 2 part time jobs + business owners

Total = 25 + 20 + 10 + 10

Total = 65 People

4 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:___________.