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
kobusy [5.1K]
3 years ago
13

The following accounts appeared on the trail balance of Elbert Company at December 31, 2017.

Business
1 answer:
denis23 [38]3 years ago
6 0

Answer:

1. $2,566,350

2. $1,608,000

3. $4,648,650

4. $797,850

5. $2,650,800

Explanation:

1. Calculation to determine Total currents assets

Total currents assets=$37,800 + $170,250 – $7,800 + $138,000 + $518,400 + $56,250 + $1,580,250 + $73,200

Total currents assets= $2,566,350

2. Calculation to determine Total property, plant, and equipment

Total property, plant, and equipment=($783,000) + $465,000 + $1,926,000

Total property, plant, and equipment= $1,608,000

3. Calculation to determine Total assets

Total assets=$2,566,350 + $1,608,000 + $281,400 + $192,900

Total assets= $4,648,650

4. Calculation to determine Total current liabilities

Total current liabilities=$192,000 + $34,200 + $156,000 + $5,700 + $409,950

Total current liabilities= $797,850

5. Calculation to determine Total stockholders’ equity

Total stockholders’ equity=$750,000 + $294,000 + $1,125,000 + $318,000 + $163,800

Total stockholders’ equity = $2,650,800

Therefore :

1. Total currents assets $2,566,350

2. Total property, plant, and equipment $1,608,000

3. Total assets $4,648,650

4. Total current liabilities $797,850

5. Total stockholders’ equity $2,650,800

You might be interested in
Say that the average worker in Canada has productivity of $33 per hour while the average worker in the United Kingdom has produc
12345 [234]

Answer:

The answer is: Canadian workers will still have a higher productivity, it will be $0.40 per hour higher.

Explanation:

We can elaborate the following productivity table:

Year     Canadian productivity                 British productivity

0                   $33 per hour                        $29 per hour

1                   $33.33 per hour                    $29.87 per hour

2                  $33.66 per hour                    $30.77 per hour

3                  $34 per hour                         $31.69 per hour

4                  $34.34 per hour                    $32.64 per hour

5                  $34.68 per hour                   $33.62 per hour

6                  $35.03 per hour                   $34.63 per hour

At the end of year 6, Canadian workers' productivity will be $35.03 and British workers' productivity will be $34.63 per hour (Canadian workers will be $0.40 more productive).

6 0
3 years ago
The interest rate in the federal funds market:_________.
djyliett [7]

Answer:

Federal Funds Rate:

d. rises when the quantity of funds demanded by banks seeking additional reserves exceeds the quantity supplied by banks with excess reserves.

Explanation:

Federal funds rate is the target interest rate set by the FOMC (Federal Open Market Committee) at which commercial banks with deficit reserves borrow and banks with surplus reserves lend their excess reserves to each other overnight without collateral.  The rates are set eight times a year in line with prevailing economic situations. The rates are lowered to boost economic growth and reduce unemployment by increasing money supply.  They are increased to check inflation.

3 0
3 years ago
If the price level increases in the United States relative to foreign countries, then American consumers will purchase more fore
baherus [9]

Answer:

The correct answer is (C) the foreign purchases effect.

Explanation:

As a result of a negative situation for the internal economy, where the price of goods and services increases as a result of economic phenomena, people and companies tend to resort to the process of purchasing abroad, in order to meet their needs with A minimum amount of money.

5 0
3 years ago
slytherin services, inc. granted 8 million of its $1 par common shares to executives subject to foreiture if employment is termi
hjlf

The total compensation cost pertaining to the restricted shares equals to the amount of $48 million.

<h3>What are compensation cost?</h3>

Also known as compensation expenses, include the recruiting costs, salaries, payroll taxes, benefits and bonuses. They form the significant part of a company's operating costs, which means that it affects corporate profitability.

According to the scenario, we will calculate the total compensation cost pertaining to the restricted shares by using following formula. Total Compensation Cost Pertaining to the Restricted Shares:

= Common Share × Market Price Per Share

= 8 million × $6

= $48 million

Read more about compensation cost

brainly.com/question/16258021

#SPJ1

8 0
1 year ago
If you are in a car accident caused by someone else who also has insurance, which type of insurance plan will not require you to
Ber [7]
Full coverage comprehension
7 0
4 years ago
Read 2 more answers
Other questions:
  • A variance is ________.A) the difference between actual fixed cost per unit and standard variable cost per unitB) the standard u
    9·2 answers
  • Dale started his speech on financial planning with a story about his cousin Mike's bankruptcy hearing. In the conclusion, Dale g
    12·1 answer
  • You plan on saving for a large home improvement project using the following cash flows: $50,000 today, $25,000 next year, and $1
    6·1 answer
  • Consider the market for cars. suppose buyers expect that new regulations set to go into effect next year will lead to. in this c
    15·1 answer
  • An​ avant-garde clothing manufacturer runs a series of​ high-profile, risque ads on a billboard on highway 101 and regularly col
    11·1 answer
  • Suppose your uncle purchased a bond that pays $100 in 5 years. If the interest rate is 6%, what is the present value of the bond
    9·1 answer
  • You won the lottery when the jackpot was $3,300,000 (annual payments of $165,000 paid for 20 years). Your choice is to take the
    14·1 answer
  • Suppose the supply function for avocados is Q = 58 + 15p - 20p_f. where P_f is the price of fertilizer. If the price of fertiliz
    13·1 answer
  • What is Entrepreneurship?
    9·2 answers
  • Which stakeholder register entry is inadequate
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!