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Stella [2.4K]
2 years ago
12

If the liabilities of a company increased $74,000 during a period of time and equity in the company decreased $19,000 during the

same period, what was the effect on the assets?
a. assets would have increased $55,000.
b. assets would have decreased $55,000.
c. assets would have increased $19,000.
d. assets would ha g
Business
1 answer:
DedPeter [7]2 years ago
3 0
Change in Assets = Change in Liabilities + Change in Owner's Equity
Change in Assets = $74,000 + (-$19000) = +$55000

A is the answer
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Clemeson Corporation, which has only one product, has provided the following data concerning its most recent month of operations
blsea [12.9K]

Answer:

$149,600

Explanation:

Variable cost per unit = 36+57+3+5 =  

Variable cost per unit = $101

Contribution margin per unit = 145 - 101

Contribution margin per unit = $44 per unit

Total contribution margin = 3,400 * $44

Total contribution margin = $149,600

8 0
2 years ago
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $47,500.
Doss [256]

Answer:

Dep expense for the second year 7,600

Explanation:

\left[\begin{array}{ccccc}Year&Beginning&Dep-Expense&Acc. \: Dep&Ending\\0&-&-&-&47500\\1&47,500&9,500&9,500&38,000\\2&38,000&7,600&17,100&30,400\\\end{array}\right]

1/10 = straight-line method

straight-line x 2 = DD rate

47,500 x 2/10 = 9500

then we calculate the DD rate again with the book value

47,500-9,500 = 38,000

38,000 x 2/10 = 7,600

6 0
2 years ago
During 2019, Pepe Guardio purchases the following property for use in his calendar year-end manufacturing business:
Sladkaya [172]

Answer:

Depreciation Expense for 2019 using form 4562

Basis For depreciation; Recovery Period ; Convention ; Method ; Depreciation deduction

2,000 ; 5 years ; HY ; 200 DB ; 400

40,000 ; 7 years ; HY ; 200 DB ; 6,573

Explanation:

Accelerated method of depreciation is used by businesses for accounting and income tax purposes. The depreciation is calculated in such a way that the depreciation expense is higher in early years and lower in later years. Pepe is also using this method to account for his business assets. The depreciation expense for computer equipment and manufacturing equipment's totals $6,973.

8 0
2 years ago
ABC Online Merchant has a current stock price of $42.50. The company paid $1.34 in dividends this year, and the dividends are ex
yKpoI14uk [10]

The formula is to calculate stock price through dividend discount model is

Share price  = Dividend/(rate of return - dividend growth rate)

                   =$1.34/(5%-3%)

                   =$67

7 0
2 years ago
During the fiscal year ended December 31, 2020, the City of Johnstown issued 5% general obligation serial bonds in the amount of
Pie

Answer:

Option B.. $50,000

Explanation:

DATA

Coupon rate = 5%

issue value = 2000,000

Time period = 6months ( April 1 to October 1)

Expenditure = ?

Solution

Expenditure recorded by the debt service fund can be calculated as

Expenditure = Issue value x Coupon rate x time period

Expenditure = 2,000,000 x 5% x6/12

Expenditure = 50,000

Option B.. $50,000 would be the correct answer

6 0
2 years ago
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