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bekas [8.4K]
2 years ago
13

If a company paid $38,000 of its accounts payable in cash, what was the effect on the accounting equation? Multiple Choice Asset

s would decrease $38,000, liabilities would decrease $38,000, and equity would decrease $38,000. Assets would decrease $38,000, liabilities would decrease $38,000, and equity would increase $38,000. Assets would decrease $38,000, liabilities would decrease $38,000, and equity remains unchanged. There would be no effect on the accounts because the accounts are affected by the same amount. Assets would increase $38,000 and liabilities would decrease $38,000.
Business
1 answer:
Tom [10]2 years ago
6 0

Answer:

Assets increase by $75,000 and liabilities increase by $75,000.

Explanation:

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What is the tax-exempt equivalent yield on a 9% bond yield given a marginal tax rate of 28%?
grigory [225]

The tax-exempt is 6.48 %

<h3>How to calculate the tax-exempt ?</h3>

The bond yield is 9%, let's divide 9% by 100

= 9/100

= 0.09

The marginal tax rate is 28%, let's divide 28% by 100

= 28/100

= 0.28

Therefore the tax-exempt can be calculated as follows

0.09(1-0.28) × 100

= 0.09(0.72) × 100

= 0.0648 × 100

= 6.48

Hence the tax-exempt is 6.48%

Read more on tax-exempt here

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5 0
2 years ago
The table below shows the weekly demand for hamburger in a market where there are just three buyers. price buyer 1 qd 1 buyer 2
iren [92.7K]

Answer:

The answer is: 17

Explanation:

Demand is defined as the goods individuals are willing to purchase at the prevailing market prices. The demand curve expresses the relationship between the quantity demanded of goods at given market prices while holding all other factors constant. The given information expressed in tabular form is as follows:

Price             Buyer1Qd    Buyer2Qd     Buyer3Qd     Market Demand

$6                  7                   4                   6                       17

$5                  9                   7                   8                       24

$4                  15                  10                 12                      37

$3                  21                  15                 16                      52

In order to calculate total market demand, individual demand at the given prices are added horizontally, that is at a price of $6, total demand is 17, at $5 the total demand is 24 and so on. The higher the price the lower the quantity demanded and so on. The quantity demanded of a good and its price are inversely related.  

3 0
3 years ago
Panda Corporation owns 90% of Squirrel Inc.'s outstanding common stock. The carrying value of the investment in Sam is $180,000
Minchanka [31]

Answer:

The remaining shares should be carried at its fair value.

In this case then,  the fair value of the remaining shares = $260,000*(1-0.5) = $130,000

Explanation:

According to IFRS 3(Revised), A certain group may decide to sell its controlling interest in a subsidiary but retain significant influence in the form of an associate, or retain only a financial asset. If it does so, the retained interest is remeasured to fair value, and any gain or loss compared to book value is recognised as part of the gain or loss on disposal of the subsidiary.

6 0
3 years ago
For the year, Redder Company has cost of goods manufactured of $600,000, beginning finished goods inventory of $200,000, and end
nevsk [136]

Answer:

finished cost = $200,000

inventory cost=$250,000

manufactured cost= $600,000

cost of good= beginning inventory+purchase during period cost- ending inventory

$600,000+$200,000-$250,000

$550,000

7 0
3 years ago
Striker 44 Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the pro
Gnoma [55]

Answer:

correct option is A. ​$331,000

Explanation:

given data

Direct materials =  ​$86,000

Direct labor ​= 130,000

Variable factory overhead = ​57,000

Fixed factory overhead ​= 135,000

Total costs = ​$408,000

avoidable =  $58,000

to find out

highest price that McMurphy should be willing to pay for​ 12,000 units of the part is

solution

we get here highest price that McMurphy should be willing to pay for​ 12,000 units of the part that is express as

highest price  = Direct material + Direct Labor + variable factory overhead + avoidable fixed overhead   .....................1

put here value we get

highest price  = $86000 + $130000 + $57000 + $58000

highest price  = $331,000

so correct option is A. ​$331,000

7 0
3 years ago
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