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dem82 [27]
3 years ago
13

The Accounts Payable account has a beginning balance of $11,400 and the company purchased $52,000 of supplies on account during

the month. The ending balance was $19,100. How much did the company pay to creditors during the month
Business
1 answer:
Solnce55 [7]3 years ago
6 0

Answer:

$44,300

Explanation:

The account payable had a beginning balance of $11,400

The company purchased $52,000 worth of supplies

The ending balance is $19,100

Therefore the amount in which the company paid to the creditors can be calculated as follows

= $11,400+$52,000-$19,100

= $6,400-$19,100

= $44,300

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Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2019: (Loss amounts should be indica
Anika [276]

Answer:

$8,940

Explanation:

For computing the amount of the gain first we have to need to do the following calculations

a. Net short term gain or loss is shown in the attachment

b. Net long term gain or loss is shown in the attachment

c. Net capital gain arise from these transactions are as follows

= Short term capital gain or loss + Long term capital gain or loss

= -$240 + $9180

= $8,940

d.The whole net capital gain of $8,940 will be taxable at a preferential rate.

7 0
3 years ago
A company reported net income of $290,000. Beginning balances in Accounts Receivable and Accounts Payable were $18,000 and $21,0
NikAS [45]

Answer:

$310,500

Explanation:

The first step is to calculste the increase in account payable

= ending amount-beginning balance

= $29,000-$11,500

= $17,500

Decrease in account receivable

= $21,000-$18,000

= $3,000

Therefore the cash flow can be calculated as follows

= $290,000 + $17,500 + $3000

= $310,500

8 0
3 years ago
George Jefferson established a trust fund that provides $170,500 in scholarships each year for worthy students. The trust fund e
Aleonysh [2.5K]

The returns of a capital amount to a compensation rate for depositing the money, to calculate these returns an interest rate is used by which the deposited capital is multiplied, in this case the rate is 4%.

As the money distributed is only the product of interest, then that money is the result of multiplying the capital by the interest rate, to obtain how much money Mr. Jefferson contributed, the reverse process will have to be done.

Answers

let <em>C</em> be the capital, then :

C\times4 \%  = 170500\\C\times\frac{4}{100}= 170500\\C=170500\times\frac{100}{4}\\C=4262500

The capital contributed by Mr. Jefferson was <em>$4,262,500</em>

3 0
4 years ago
Read 2 more answers
In​ 2008, as a financial crisis began to unfold in the United​ States, the FDIC raised the limit on insured losses to bank depos
Tomtit [17]

The FDIC stands for Federal Deposit Insurance Company.

By raising the limit on insured losses the FDIC helps stabilize the system by instilling confidence.

If the consumer knows that their savings accounts are protected up to $250,000 they will be encouraged to spend money during a time of crisis.

Because of the increased limit, there is less probability that there would be something called

"a run on the bank."

8 0
3 years ago
EB7.
egoroff_w [7]

Answer:

$4,228,125

Explanation:

The computation of the included amount is shown below:

= Estimated production in a next year × required direct labor per hour × labor rate per hour

= 75,000 units × 4.1 hours × $13.75 per hour

= $4,228,125

We simply multiplied the estimated production with the required direct labor per hour and the labor rate per hour so that the estimated value can arrive

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3 years ago
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