Answer: $11,200
Explanation:
Using the accounting equation:
(Total Assets) = (Total Liabilities) + (Total Capital)
So,
(Total Liabilities) = (Total Assets) - (Total Capital) (1)
Based on equation (1), in order to compute for the total liability, we need to compute the total assets and total capital.
At the end of the first year, the following are the assets Shapiro's consulting services (together with the amount):
Cash: $16,000
Office Supplies: $3,200
Equipment: $24,000
Accounts Receivable: $8,000
TOTAL ASSETS $51,200
Note that the total assets is obtained by adding the amount (or value) of the all the assets listed above.
Since the net income is an increase (or decrease if it's a net loss) of capital, we classify net income as capital. In particular, the net income of Shairo's at the end of first year adds to the capital at the start of first year.
Moreover, the withdrawal of money by the owner also decreases the capital.
Thus, the total capital at the end of first year is calculated as follows:
Capital (start of the year): $15,000
Net Income (end of year): $27,000
Withdrawal Amount: ($2,000)
TOTAL CAPITAL: $40,000
Note: ($2,000) means -$2,000. This notation is used in accounting.
Hence using equation (1), the total liabilities at the end of first year is given by
(Total Liabilities) = (Total Assets) - (Total Capital)
= $51,200 - $40,000
Total Liabilities = $11,200
Your answer is
<span>B. an invoice</span>
<span>Stephanie is indeed liable, as she made first contact with an intent of violence. Thom did not respond physically, and therefor retains his right to sue Stephanie for any damages made to him, physically or emotionally.</span>
Answer:
A-1 B-3 C-4 D-2
Explanation:
The description given in option A fits utilitarianism which is an ethical term describing a decision where the best outcome for the largest possible number of people is considered the solution.
The description given in option B fits social contract which desribes accepting the authority of the state and deciding on basic principles so that the society can exist.
The description given in option C fits virtue ethics which is a field of ethics that discusses virtues such as honesty.
The description given in option D fits deontology which is an ethical theory that suggests that each action should be examined if it is good or bad by following certain rules.
I hope this answer helps.
Answer:
$2,685,000
Explanation:
Sales = $7,500,000 ÷ $62.50
= 120,000 units
Contribution = Sales - Variable cost
= $7,500,000 - (120,000 × $38)
= $7,500,000 - $45,60,000
= $29,40,000
Net income (after taxes) = $165,750
Net income before taxes and interest:
= Net income (after taxes) × (100 ÷ 65)
= $165,750 × (100 ÷ 65)
= 255,000
Therefore,
EBIT = Contribution - Fixed cost
255,000 = $29,40,000 - Fixed cost
Fixed cost = $29,40,000 - 255,000
= $2,685,000
