All categories

4 years ago

The Baldwin Company currently has the following balances on their balance sheet:

Business

1 answer:

Art [367]4 years ago

6 0

Answer:

$77,950

Explanation:

We know that,

Total assets = Total liabilities + Shareholder equity

where,

Total assets = $240,859 + $55,000 = $295,859

Total liabilities = $140,674

And, the Ending retained earning balance = Beginning balance of retained earnings + net income - dividend paid

= $45,035 + $44,200 - $12,000

= $77,235

Now the shareholder equity would be

= Total assets - total liabilities - ending retained earning balance

= $295,859 - $140,674 - $77,235

= $77,950

You might be interested in

A local partnership is liquidating and is currently reporting the following capital balances: Barley, capital (50% share of all

lesya692 [45]

Answer:

Barley $29,000; Carter $23,000 ;Desai $0

Explanation:

Calculation to determine How much of this money should each of the partners receive

PARTNER WITH DEFICIT CAPITAL BALANCE

Barley,Capital(50%) Carter,Capital(30%)

Desai,Capital(20%)

Reported balances $44,000 $32,000 $(24,000)

Potential loss from Desai deficit

(split 5/8:3/8)

($15,000)($9,000) $24,000

Barley (5/8*$24,000=$15,000)

Carter (3/8*$24,000=$9,000)

Desai($15,000)($9,000) =$24,000

Cash distributions $29,000 $23,000 $0

Barley ($44,000-$15,000=$29,000)

Carter, ($32,000-$9,000=$23,000)

Desai($24,000-$24,000=0)

Therefore The amount of the money that each of the partners should receive is :

Barley $29,000; Carter $23,000 ;Desai $0

8 0

3 years ago

Usually, price elasticities of supply areA) positive, because higher prices yield larger quantities supplied.B) considered short

Anna35 [415]

Answer:

A) Positive, because higher prices yield larger quantities supplied.

Explanation:

The correct answer to the question is A) Positive, because higher prices yield larger quantities supplied. The price elasticity of supply determines the change in price as a response to the change in supply of the good or service supplied. This is usually calculated in a figure that determines that if price increases what will be the impact on its supply, which usually is a positive figure.

3 0

3 years ago

Select all of the factors that affect the level of wages.

Ksivusya [100]

The factors that affect the level of wages are skills and abilities, the size of the labor pool, and the actions of labor unions. therefore, these options are correct statements.

<h3>How do you determine the level of wages?</h3>

Wages are decided through supply and demand, however, they may be stimulated through a huge form of factors, inclusive of the fee of living in a specific area, the presence of a union, and the modern-day minimal wage.

Pay prices additionally range through gender, race, training degree, and talent degree of the workforce.

Thus, the correct options are skills and abilities, the size of the labor pool, and the actions of labor unions.

Learn more about the level of wages here:

brainly.com/question/1142533

#SPJ1

8 0

2 years ago

Why do long-run elasticities of demand differ from short-run elasticities? Long-run elasticities of demand differ from short

Ne4ueva [31]

Answer:

The correct answer is option D.

Explanation:

Long-run elasticities of demand differ from short-run elasticity. In the short period is more inelastic. This is because people take time to adjust their consumption habits. So if the time period people have to adjust to the price change is long, then the demand will be elastic.

Durable goods can be used for a relatively long time. So they will have a less elastic demand.

3 0

3 years ago

Read 2 more answers

If buyers’ incomes increase, the demand curve will shift to the _____ and the prices will _____.

taurus [48]

Answer:

Demand curve will shift to the right, the prices will increase.

Explanation:

An increase in the income of the consumer of will cause the demand curve of the consumer to shift to the right. This rightward shift in the demand curve will cause the demand curve to intersect the supply curve at a higher point.

As a result, the equilibrium price level and the equilibrium quantity will increase. A decline in the income, on the other hand, will cause both quantity and price to decline because of a leftward shift in the demand curve.

8 0

3 years ago