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2 years ago

In a balanced balance sheet, if liabilities are $2,000 and owner’s equity is $3,300, what must assets be ____?

Business

1 answer:

TEA [102]2 years ago

3 0

Answer:

5300

Explanation:

assets=equitys +liabilities

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On September 1, 2019, Coral Equipment signed a one-year 8% interest-bearing note payable for $50,000. Assuming that Coral Equipm

natali 33 [55]

Answer:

$8,000

Explanation:

Base on the scenario been described in the question, we are to use simple interest to calculate the given problem

We are given

Time = 2years

rate = 8%

Principal = $50,000

Simple interest formula is given below

I = PRT/100

Substituting the values into the question, we have

I = $50,000×8×2/100

I = $800,000/100

I = $8,000

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3 years ago

The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water Company is $918,400. The con

weqwewe [10]

Answer:

Equivalent Unit of Materials=$32

Equivalent Unit of Conversion Costs=$60

Explanation:

Calculation to Determine the direct materials and conversion cost per equivalent unit

Calculation for DIRECT MATERIALS

Using this formula for direct materials

Equivalent Unit of Materials=Cost of direct materials transferred/Total equivalent units for direct materials

Let plug in the formula

Equivalent Unit of Materials=$918,400/28,700 liters

Equivalent Unit of Materials=$32

Calculation for CONVERSION COST PER EQUIVALENT UNIT

Using this formula

Equivalent Unit of Conversion Costs=Conversion cost/Total equivalent units for Conversion

Let plug in the formula

Equivalent Unit of Conversion Costs=$516,000/8,600 liters

Equivalent Unit of Conversion Costs=$60

Therefore the direct materials and conversion cost per equivalent unit will be :

Equivalent Unit of Materials=$32

Equivalent Unit of Conversion Costs=$60

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3 years ago

Starting last December, one of the three major credit-score trackers, Experian, added paying monthly rent as one of its criteria

sattari [20]

<span>People who are renters of apartments would be positively affected by this addition to credit score calculation. In addition, people who rent equipment for construction of buildings and other long-term projects would see their scores go up if they stayed on-time with their payments for the use of the equipment.</span>

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3 years ago

Molly is doing a research project about lemurs. She needs to find information about their eating habits. Which is the best examp

levacccp [35]

"lemur natural eating habits"

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3 years ago

Zach buys a car for $18,900 with 5% interest over 5 years. What is true about this monthly payment loan?

xeze [42]

Answer:

Zach will pay $4,725 in interest on the loan.

Explanation:

In calculating interest the formula that applies is

I= P x R x T

where I = interest

P = principal amount

R = interest rate

T= time

In the case of Zach

I= $18,900 x 5/100 x 5

I = $18,900 x 0.05 x 5

I =$945 x 5

I =$4,725

Interest for the loan is $4,725

6 0

3 years ago

Read 2 more answers