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
Alexandra [31]
3 years ago
15

A company had beginning assets and liabilities were Rs. 100,000 and Rs. 50,000 respectively.

Business
1 answer:
elena-14-01-66 [18.8K]3 years ago
7 0

Answer: Rs. 120,000

Explanation:

At the end of the year, both assets and liabilities had doubled. New asset and liability figures are therefore:

Assets = Rs. 200,000

Liabilities = Rs. 100,000

Net income is part of equity and as there is no equity, net income must be the entire equity.

Assets = Equity + Liabilities

200,000 = Equity + 100,000

Equity = 200,000 - 100,000

= Rs. 100,000

From this Net income, dividends were distributed to the tune of Rs. 20,000. This should be added back to see the full figure.

= 100,000 + 20,000

= Rs. 120,000

You might be interested in
What is one reason that a person might want to be an entrepreneur?
kupik [55]

Answer:

They can be their own boss.

6 0
3 years ago
Read 2 more answers
Would you rather ride in an airplane or drive in a car? Compare those risks?
gogolik [260]
I would fly a plane because there is like 1 in a million chance of crashing and in a car you could crash every time you see someone driving !! i need points!!

4 0
3 years ago
Equipment that cost $875,000 and had a book value of $390,000 was sold for $450,000. Data from the comparative balance sheets ar
Archy [21]

Answer:

a. $1,400,000.

Explanation:

Find the attachment

4 0
3 years ago
Meitneria and Seaboria specialize in the production of heavy machinery and textiles respectively. While Meitneria doesn't produc
siniylev [52]

Answer:

a. Meitneria will import textiles from Seaboria and export heavy machinery to it.

Explanation:

The Heckscher-Ohlin theory states that a country has to export what it can produce efficiently according to the factors of production that the country has and import the products that the country is not able to manufacture efficiently. According to this, the answer is that in this situation, according to the Heckscher-Ohlin theory Meitneria will import textiles from Seaboria and export heavy machinery to it as Meitneria doesn't produce textiles which forces the country to import them and they specialize on heavy machinery which allows them to export it to Seaboria as this country doesn't have the technology to manufacture it.

4 0
3 years ago
Rica Company is a priceminustaker and uses a targetminuspricing approach. Refer to the following​ information: Production volume
snow_tiger [21]

Answer:

$ 15,836,000

Explanation:

Given:

Production volume = 602,000 units

Market Price per unit = $ 30

Desired operating income = 16% of the total assets

Total assets = $ 13,900,000

Thus,

Desired operating income = 0.16 × $ 13,900,000 = $ 2,224,000

Now,

the desired profit = Total sales - Total income

or

Desired profit = (Production volume × Market Price per unit ) - Total income

on substituting the respective values, we have

Desired profit = (602,000 × $ 30) -  $ 2,224,000

or

Desired profit = $ 18,060,000 - $ 2,224,000

or

Desired profit = $ 15,836,000

7 0
3 years ago
Other questions:
  • In which of the following situations could a research analyst use multiple regression? A real estate development company wants t
    5·1 answer
  • A researcher examining the effects of an experimental surgery on epilepsy randomly assigns epileptic patients to three different
    11·1 answer
  • Sandoval needs to determine its year-end inventory. The warehouse contains 20,000 units, of which 3,000 were damaged by flood an
    5·1 answer
  • Logistics means creating an efficient assembly line. <br><br> A. <br> True <br> B. <br> False
    12·2 answers
  • The long run aggregate supply curve is a vertical line. It is so because it has nothing to do with the price level. It is rather
    8·1 answer
  • Determine which moral standard of social responsibility the business is observing.
    6·1 answer
  • Of customers who register a complaint, ________. all will do business with the company again because they are unwilling to dedic
    13·2 answers
  • Which of these statements are Red Flags that may signal Colleague
    10·1 answer
  • Angela's bank gave her a 2-year add-on interest loan for $6,440 to pay for new equipment for her antiques restoration business.
    15·1 answer
  • You are involved in a car accident and a stranger contacts you offering a quick cash settlement and doesn’t want to deal with th
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!