1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
EleoNora [17]
3 years ago
15

John Joos is the owner and operator of Way to Go LLC, a motivational consulting business. At the end of its accounting period, D

ecember 31, 2013, Way to Go has assets of $669,000 and liabilities of $161,000. Using the accounting equation, determine the following amounts:
a. Owner's equity as of December 31, 2013.
b. Owner's equity as of December 31, 2014, assuming that assets decreased by $127,000 and liabilities decreased by $39,000 during 2014.
Business
1 answer:
Advocard [28]3 years ago
8 0

Answer:

a. $508,000

b. $420,000

Explanation:

a. Assets = Equity + Liabilities

669,000 = Equity + 161,000

Equity = 669,000 - 161,000

Equity = $508,000

b.  Assets = Equity + Liabilities

(669,000 - 127,000) = Equity + (161,000 - 39,000)

542,000 = Equity + 122,000

Equity = 542,000 - 122,000

= $420,000

You might be interested in
At one time there were many farm cooperatives, but more recently other forms of business ownership have replaced them. true fals
Mashcka [7]

Answer:

The answer is False

Explanation:

Farm cooperatives have grown over time.

3 0
3 years ago
Read 2 more answers
Tony works in purchasing for the Epic Electronics on the East Coast. He arrives at work at 6:00 a.m. and leaves by 3:00 p.m. He
Vikki [24]

A. the company is required to hire twice as many people and spend additional funds training these individuals.

B. there is a one-hour window of opportunity to talk with employees on the West Coast, who work 8:00 a.m. to 5:00 p.m.

C. morning workers are never as productive as afternoon workers.

D. this system will increase absenteeism.

There is a one-hour window of opportunity to talk with employees on the West Coast, who work 8:00 a.m. to 5:00 p.m.

Answer: Option B.

<u>Explanation:</u>

Flex time is the time that the company or the organisation offers to some of the employees of the organisation which is not the same as the regular working time of the other organisations. These employees who work for flex time sometimes pose to be a problem for the company.

Because of the organisation flex time that has been offered by the organisation to Tony, this will pose a disadvantage and a problem to the company. Tony will not be able to talk in the one hour window talking like the other employees of the company.

5 0
4 years ago
Teesha is in the french club. there are 21 students in the club. the french teacher will pick two students at random to guide vi
Aleonysh [2.5K]
19/21. You can get this answer by deducting 2/21 which is the probability of Teesha being picked from 1.
6 0
3 years ago
Read 2 more answers
It costs Vaughn Company $26 per unit ($18 variable and $8 fixed) to produce its product, which normally sells for $38 per unit.
11Alexandr11 [23.1K]

Answer:

Effect on income= $4,800 increase

Explanation:

Giving the following information:

Unitary variable cost= $18

A foreign wholesaler offers to purchase 4800 units at $21 each. Vaughn would incur special shipping costs of $2 per unit if the order were accepted.

Because it is a special order and there is unused capacity, we will not take into account the fixed costs.

Effect on income= 4,800*21 - 4,800*(18 + 2)= $4,800 increase

3 0
3 years ago
Employees of Gawker Media often find themselves successful when they have a passion for the particular area of the company in wh
Korvikt [17]

Answer:

The correct answer is: High level of job involvement.

Explanation:

Job involvement refers to the voluntary interest employees have for the job position they have at work. It is typically the result of individuals playing roles they like or that represent part of their self-realization. Job involvement is not only intrinsic but can also be acquired by a different set of practices.

7 0
3 years ago
Other questions:
  • When a life insurance policy stipulates that the beneficiary will receive payments in the specified installments or for a specif
    13·1 answer
  • Which of these options for saving money typically offers the least liquidity?. . A.Savings bond. B.Money market account. C.Certi
    6·2 answers
  • A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education w
    13·1 answer
  • If actual overhead is greater than applied manufacturing overhead, then manufacturing overhead is: Select one:
    5·1 answer
  • You can block anyone on Twitter.<br> A.) True<br> B.) False
    11·1 answer
  • When Tim earned​ $65,000 he purchased 10 novels a year. His income has just increased to​ $68,000 and he plans to purchase 15 no
    9·1 answer
  • The common stock of Alpha Manufacturers has a beta of 1.14 and an actual expected return of 15.26 percent. The risk-free rate of
    6·1 answer
  • What could the owner of a movie theater expect as the possible result from an increase in movie ticket prices?
    11·1 answer
  • The demand curve for a monopolist differs from the demand curve faced by a competitive firm because the demand curve for: A. a m
    5·1 answer
  • If Wild Widgets, Inc., were an all-equity company, it would have a beta of .95. The company has a target debt-equity ratio of .4
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!