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2 years ago

Please help with these questions thank you all so much

Mathematics

1 answer:

Anarel [89]2 years ago

8 0

1.26 A. 2 D. This is a filler lol

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Maxwell Flooring started the year with total assets of $160,000 and total liabilities of $75,000. During the year, the business

juin [17]

Answer:

(A) $150,000

Step-by-step explanation:

As per the given data of the question,

Maxwell Flooring started the year with

Total Assets = $160,000

Total liabilities = $75,000

Revenues = $250,000

Expenses = $100,000

Dividends = $30,000

Stockholders' equity at the end of the year was given by formula:

SE = (Total Assets - Total Liabilities) + (Revenues - Expenses) - Dividends

Therefore,

SE = (Total Assets - Total Liabilities) + (Revenues - Expenses) - Dividends

SE = ($160,000 - $75,000) + ($250,000 - $100,000) - $30,000

SE = $205000

Now,

Stockholders' equity at the end of the year

= Net income - Dividend + Assets - Liabilities

$205000 = Net income - $30,000 + $160,000- $75,000

∴ Net income = $205,000 - $55000 = $150,000

Hence,The net income reported by Maxwell Flooring for the year = $150,000

5 0

3 years ago

Please i need the answer

Harrizon [31]

Answer: b
sorry cant give explanation

7 0

3 years ago

-10-(-6) solve the integers

Ghella [55]

Answer:

It would be -4

Step-by-step explanation:

a double negative becomes a + sign

So, -10 + 6=-4

4 0

3 years ago

Read 2 more answers

Help me Idk how to do this one

Musya8 [376]

Answer:

Hmm im not sure

Step-by-step explanation:

6 0

3 years ago

You are considering two different locations to place a permanent billboard, one 4 miles from the store, and another that is 6 mi

nirvana33 [79]

Answer:

hello your question is incomplete attached below is the missing data

answer : Y = 206.0859 - 1.3191 X

Step-by-step explanation:

Determine the regression equation using the data on revenue and distance

The regression line equation is written as :

Y = 206.0859 - 1.3191 X

applying the regression equation to data given to determine the value of Y and residual value

6 0

2 years ago