answer.
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
givi [52]
1 year ago
11

Calculate the net income earned during the year. Assume that the change to stockholder's equity results only from net income ear

ned during the year.
Balance Jan. 1, 2019
Asset: $50,000
Liabilities: $40,000

Balance Dec 31, 2019
Assets: $35,000
Liabilities: $20,000
Business
1 answer:
Nutka1998 [239]1 year ago
7 0

Answer:

The net income earned during the year is $ 5,000

Explanation:

The first point to kn ow is the accounting equation is A=L+SE

So to calculate the opening stockholders equity we can rearrange the accounting equation to be:

A-L = SE

so opening SE is

Assets $ 50,000 - Liabilities $ 40,000 =  Stockholders Equity $ 10,000

Ending Stockholders equity is:

Assets $ 35,000 - Liabilities $ 20,000 = Stockholders Equity $ 15,000

Since the question mentions that the change in stockholders equity is only due to net income, the increase of $ 5,000 represents the net income for 2019.

You might be interested in
Principled negotiation emphasizes developing win/win solutions while protecting yourself against those who would take advantage
nadya68 [22]

Be honest and forthright is not exist as one among the key points of principled negotiation.

Explanation:

The activity of Be honest and forthright maybe act as a common methodology of human behaviour. Such human behavior cannot be related and linked with business terminology. As the motive of all traders is filled with a focus on profit, not on service point. It is purely based on values and ethical reactions. The corporate culture does not deal with emotions and feelings. It can deal only with the principles and well structured organizational behavior.

Human Resource management trains the executives to handle the critical situation in a diplomatic manner. It can help to take good and effective decisions amidst such controversial opinions of all employees. But they cannot seek help with the moral qualities of Honest and forthright to solve the problems. We can odd them out from the list of principled negotiations.

3 0
2 years ago
Identify the appropriate step in the communication process.
Gnesinka [82]

Answer:

The correct answer is letter "A": Sender encodes message.

Explanation:

Communication is the process of transmitting information from one party to another. The communication process has five (5) steps: <em>encoding, planning, medium, decoding, </em>and <em>feedback</em>. In the encoding step, the idea to be transmitted is schemed in letters, words or symbols without sending them to the channel.

Thus, <em>by writing a recommendation report, Crystal Jenkins is in the encoding stage of communication.</em>

4 0
2 years ago
Identify which of the following accounts should be closed with a debit or a credit to Retained Earnings at the end of the fiscal
olga nikolaevna [1]

Answer:

Please see below

Explanation:

1. Utilities payable N/A

2. Utilities expense ...N/A

3. Supplies ...N/A

4. Supplies expense .....N/A

5. Fees earned...N/A

6. Unearned fees...N/A

7. Accounts Receivable ....N/A

8. Dividends ........Dr to retained earnings

9. Retained earnings.....Cr to retained earnings

10. Accumulated depreciation - equipment... N/A

11. Depreciation expense- Equipment.....N/A

12. Equipment...N/A

13. Prepaid insurance.....N/A

14. Insurance expense.....N/A

4 0
2 years ago
B.f. skinner, a behaviorist, would argue that the most important things that shape development are _____.
bulgar [2K]
B.F. Skinner, a behaviorist, would argue that the most important things that shape development are  rewards and punishments.
Burrhus Frederic Skinner was an American psychologist, author and inventor.
His theory of operant<span> conditioning describes the idea that behavior is determined by its consequences.</span>
8 0
1 year ago
The factory foreman at an automobile assembly plant is behind on meeting the quarterly production target due to an ongoing machi
Kazeer [188]

Answer:

The answer is Scarce Resources

Explanation:

Companies use different resources to perform their projects, when talking about resources, reference is made to both materials and labor; resources can have an unlimited or limited quantity.

When speaking of scarce resources, it means that the company has a limited amount of what it needs to carry out its project, it must be taken into account that both labor, capital or material may be scarce.

For example, in the case of the foreman of the automobile assembly factory, he cannot meet his production objectives since his employees are on strike, which means that he has a shortage of resources in labor.

<em>I hope this information can help you.</em>

7 0
2 years ago
Other questions:
  • Jervis sells $75,000 of its accounts receivable to Northern Bank in order to obtain necessary cash. Northern Bank charges a 5% f
    11·1 answer
  • Bartran Company assembles ink cartridges. Each finished cartridge has three child items: a plastic case, a label and several oun
    15·1 answer
  • (1) : (2) : (3)DI - C : DI - C : DI - C$0 - $4 : $0 - $65 : $0 - $210 - 11 : 80 - 125 : 20 - 2020 - 18 : 160 - 185 : 40 - 3830 -
    7·1 answer
  • Smith Corporation has ratio of 2.6. What is Smith's acid test (quick) ratio ds current assets of $11,400, inventories of $4,000,
    9·1 answer
  • From your reading of the chapter's opening case, ACH Food Companies implemented new information systems in order to achieve whic
    14·1 answer
  • Hana Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From
    7·1 answer
  • A ten-year, inflation-indexed bond has a par value of $10,000 and annual coupon rate of 5 percent. During the first six months s
    5·1 answer
  • Rede Inc. manufactures a single product. Variable costing net operating income was $63,800 last year and its inventory decreased
    11·1 answer
  • Imagine that you are a management coach and one of your clients, a new manager, says, "I’ve heard that about two thirds of manag
    13·1 answer
  • Usually, the decision to notify parties outside the client’s organization regarding noncompliance with laws and regulations is t
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!