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valina [46]
3 years ago
5

Whispering Winds Corp. compiled the following financial information as of December 31, 2022: Service revenue $836000 Common stoc

k 186000 Equipment 244000 Operating expenses 736000 Cash 215000 Dividends 60000 Supplies 30000 Accounts payable 111000 Accounts receivable 91000 Retained earnings, 1/1/22 447000 Whispering's assets on December 31, 2022 are:
Business
1 answer:
lawyer [7]3 years ago
5 0

Answer:

$580,000

Explanation:

The computation of the asset is shown below:

= Equipment + supplies + cash + account receivable

= $244,000 + $30,000 + $215,000 + $91,000

= $580,000

We simply added the four items so that the asset value could be determined

Hence, the asset is $580,000

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3 0
3 years ago
You plan to construct a restaurant on a 20,000 square foot lot
labwork [276]

Answer:

8,000 square foot

Explanation:

Total space available 20,000 square foot.

60 percent  to be used. space left?

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6 0
3 years ago
Which of the following will increase a company’s current liabilities? You may select more than one answer.
vichka [17]

Answer:

A company purchases inventory on credit.

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8 0
3 years ago
Small business owners usually invest little money into new marketing strategies because
aleksandrvk [35]

The answer is:  many small business owners invest money into other areas of the business.

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6 0
2 years ago
Read 2 more answers
Which of the following will always be a relevant cost? Select one: a. Sunk cost b. Fixed cost c. Variable cost d. Opportunity co
Vsevolod [243]

Answer: Fixed Cost

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Fixed costs has a high influence on the profit/ loss of any organisation.

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