Vaughn Manufacturing had the following accounts and balances: Accounts payable $28800 Equipment $35600 Accounts receivable 5300 Land 34400 Buildings 98500 Unearned service revenue 10400 Cash 15350 Total stockholders' equity ? If the equipment was sold for $35600, what would be the total of stockholders' equity? $64400 $139550 $90650 $149950

Answers

Answer 1

Based on the value of the various accounts of Vaughn Manufacturing, the total stockholders' equity would be D. $149,950

What is the total stockholders' equity?

First find the total assets:
= Equipment + Land + Building + Accounts receivable + Cash

= 35,600 + 34,400 + 98,500 + 5,300 + 15,350

= $189,150

Liabilities would be:
= Accounts payable + Unearned service revenue

= 28,800 + 10,400

= $39,200

Equity is:

= 189,150 - 39,200

= $149,950

Note: The sale of equipment would not affect total asset value as cash would increase when equipment decreases.

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Related Questions

Why do you think this language motivated people in the audience like fulcher of chartres to join the crusade? what did the crusade have to offer them?

Answers

Crusades had been a chain of spiritual wars among Christians and Muslims commenced in general to steady management of holy sites taken into consideration sacred with the aid of using each group.

What was the purpose of Pope Urban II's speech?

Pope Urban II gave the most influential speech of the Middle Ages, giving an upward thrust to the Crusades with the aid of using calling all Christians in Europe to battle in opposition to Muslims so that they can reclaim the Holy Land, with a cry of “Deus vult!” or “God wills it!”

Hence, the language used by Pope Urban II motivated the audience and reclaim the Holy Land, with a cry of “Deus vult!” or “God wills it!”

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Assume that markup is based on selling price. Calculate the cost and selling price.

Dollar markup $4.00
Percent markup on selling price 20.00%

Cost and selling price?

Answers

The cost price is $20.

The selling price is $24.

What is the cost price and selling price?

When the price of an item is marked up, it means that the price of the item has been increased.

Cost price = dollar mark up / percent dollar mark up

4/0.2 = $29

Selling price = (1.20 x 20) = $24

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2. Assume that the US economy is producing at its potential GDP when an economic boom (short run event) in both Japan and Europe. This boom results in massive increase in orders for exported goods from the United States.


a. This economic boom in Japan and Europe would cause which curve to shift for AS-AD for the US Economy?



b. Which component of the Expenditure Equation for the US is affected by this boom?


c. What type of macroeconomic equilibrium condition is created by this short run event? (Inflationary gap, recessionary gap or stagflation)


d. Explain the type of fiscal policy that US government would use to bring the economy back to full employment. What curve in the AS-AD would this fiscal policy shift?


e. Explain the type of monetary policy that The Fed would use the bring the economy back to full employment. Hint: ( focus on the Federal Funds Rate and IROB Rate) What curve in the AS-AD would this fiscal policy shift?

Answers

Yes wa is right be is right and 1 is right behind it al

1. prepare income statements for both garcon company and pepper company. 2. prepare the current assets section of the balance sheet for each company.

Answers

There are three main parts of income statements and they are:

RevenueExpensesProfit

What is an Income Statement?

This refers to the profit and loss account of a company that shows the expenses and revenue for a particular company.

Hence, we can see that a sample income statement would be:

BOSKA COMPANY

Income statement for August 29, 2021

NET SALES------------------ $2,000,000

GROSS SALES-------------$500,000

GROSS PROFIT-------------$1,5000,000

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A feature of personal selling by salespeople is that it is

Answers

A feature of personal selling by salespeople is that it is their development of oral conversation.

What is a Personal selling?

This refers to a face to face selling technique whereby the salesperson uses an interpersonal skills to persuade the prospective customer in buying a particular product.

However, the main feature of personal selling by salespeople is that it is their development of oral conversation because they need to effectively persuade their client.

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The vision of an organization is vital for any organization but it is almost unachievable.
Critically evaluate this statement.

Answers

The vision of an organization is vital for any organization but it is almost unachievable and majority of organizational visions fails in it as they are rational, time-bound and highly impersonal.

Why is a vision important to any organization?

A vision is really important for any organization because it serves as a strategic plan for success.

Vision provides the focus and direction, that helps to align everyone with the organization in order to achieve the desired goal.

It helps to increase efficiency and productivity in the organization.

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Economic decisions involve doing what with resources to produce goods and
services for people to consume?
A. Satisfying
B. Renewing
C. Marginalizing
D. Allocating

Answers

D Allocating is the correct answer

Break-Even Analysis. Help needed please!

Answers

Explanation:

break events points is a situation whereby there is no profit or loss

the formula for break even point is fixed cost divided by contribution

break even points = fixed cost

_________

contribution

contribution = revenue - variable cost

examples of variable cost had been given in the picture you sent which are rent,insurance,administrative etc

True or false Decentralization refers to the degree to that decision making is concentrated to the top of the organization

Answers

Decentralization refers to the degree to that decision-making is concentrated to the top of the organization: False.

What is a decentralized organization?

In a decentralized organization, the decision-making authority and power isn't concentrated at the top level (echelon) of the organization.

This ultimately implies that, decentralization refers to the degree to that decision-making is concentrated to all the areas of an organization.

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The correct option is false. Decentralization in organizations in no way involves concentrated decision-making at the top of the organization.

Decentralization

In the decision-making process of any organization, the process becomes decentralized when everyone in the organization has a say in the decision process. In other words, everyone including those at the bottom of the organization is involved in the decision process.

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Lin’s Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $17,100; (2) up to 120 days past due, $6,300; and (3) more than 120 days past due, $3,300. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 2 percent, (2) 15 percent, and (3) 35 percent, respectively. At the end of the current year, the Allowance for Doubtful Accounts balance is $700 (credit) before the end-of-period adjusting entry is made. Required: What amount should be recorded as Bad Debt Expense for the current year? (Enter your answers as a whole percentage (i.e., 0.12 should be entered as 12).)

Answers

What amount should be recorded as Bad Debt Expense for the current year?
Not yet due:
22,000
Estimated Percentage Uncollectible: 3%
Estimated Amount Uncollectible: 660

Up to 120 days past due:
6500
Estimated Percentage Uncollectible: 14%
Estimated Amount Uncollectible:
910

Over 120 days past due:
2800
Estimated Percentage Uncollectible: 34%
Estimated Amount Uncollectible: 952

Estimated Balance in allowance for doubtful accounts: 2522

Current balance in allowance for doubtful accounts: 1200

Bad Debt Expense for the Year: 1322

Where would 'accounts payable' most likely appear in a set of financial statements

Answers

Accounts payable would appear on the debit portion in a set of financial statements.

What is accounts payable?

This refers to money that one owe to vendors and suppliers. It is the money not owned because it will be repaid later.

Accounts payable is a liability since it is money owed to creditors and is listed under current liabilities on the balance sheet.

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Do you believe that professional groups should be allowed to assign their own professional codes of conduct and police themselves from within? Why or why not?

Answers

Professionals should create their own codes of conduct to cover all issues related to their work and the ethics required in each case.

What is a code of conduct?

A code of conduct is a series of rules that establish the behaviors, attitudes, procedures, and responsibilities that a professional has regarding their work activity.

According to the above, it can be inferred that the best alternative to create codes of conduct for the different professions is internally, since this will allow the best qualified professionals in each area to establish the ideal parameters that correspond to each profession.

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Agricultural land includes all of the following EXCEPT which?

Answers

The land that is least conducive to agriculture is sandy soil. This is further explained below.

What is sandy soil?

Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. Because of their low clay content, sandy soils are often referred to as "light soils."

In conclusion, The term "permanent cropland" includes wooded plantations used to harvest fruit but excludes tree farms and true forests utilized for wood or lumber.

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Assume that at the end of 2017, Crane used $2,460 cash to pay off $2,460 of accounts payable. How would the current ratio and working capital have changed? (

Answers

There will be a decrease in the current ratio and no change in working capital when the cash is paid for the accounts payable.

What is current ratio?

The current ratio is the ratio analytical tool that determines the position of an organization to fulfill the demands of its short-term capital and fund requirements during the current financial year or period.

The current ratio is negatively affected by the use of cash to pay the liabilities like payables and short term loans. However, there is no such effect on the working capital when cash is used for the same.

Hence, option A holds true regarding the effect on current ratio and the working capital of Crane is aforementioned. The complete question has been attached as an image for better reference.

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Which of these best fits the definition of interest, as it applies to finance? a. interest is the money earned by investing. b. interest is the cost of borrowing money. c. interest is the cost of investing poorly. d. interest is the portion of a loan which must be repaid every year. please select the best answer from the choices provided a b c d

Answers

The definition for interest in terms of finance is interest is the cost of borrowing. Therefore the correct option is (B).

What is Finance?

Finance refers to the money or the funds required by the company to undertake the business projects. Here, finance is the separate field of the study taught to the management students.

Interest refers to the amount charged to the borrower to the lender on the loan facility provided to them. Every lender charges the rate of the interest according to his will.

Bank also charge the rate of the interest on the loan provided to the customer. Therefore the correct option is (B).

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the correct decision of decision variable are

Answers

The correct definition of decision variable is that it is a quantity that the decision-maker controls.

What is a decision variable?

This refers to an economic/physical quantities that usually competes with one another for sharing the given limited resources.

Hence, the term "decision variable" is best defined as a quantity that the decision-maker controls to utilize the resources.

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Which of the following is true about Needs Met ratings? Select all that apply.

Answers

Answer:
you should always assign the Needs met rating before assigning the page quality rating.



Common alcoholic beverages include:

Answers

Answer:

Common alcoholic beverages include:VodkaRumBrandyliqueur Cordial

Explanation:

Its just asking what are the common alcohols.

Common alcoholic beverages include: Vodka, Brandy, Cordial, liqueur, and so on.

Tennessee's whisky, a screwdriver, a sex on the beach cocktail, a Moscow mule, a mai tai, a cosmopolitan, a tequila sunrise and a bloody Mary are a few of the widely consumed alcoholic beverages in the United States.

Bacardi rum, Imperial Blue whisky, Officer's Choice whisky, Emperor brandy, Tandy rum, and Smirnoff vodka are only a few of the most well-known alcoholic beverages in the world.

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Difference between an
Architect and Engineer ​

Answers

an architect focuses more on the design of the building while an engineer focuses on more technical and structural things

This year you have decided to focus your efforts on marketing to employer group plans. One employer provides you with a list of their retirees and asks you to contact them to explain the characteristics of the plan they have selected. What should you do?

Answers

The employee should go ahead and call the retirees by explaining to them the features of the group plans selected by the employer.

What is marketing?

Marketing is an activity where a company promotes the sale of its goods either through advertisements or retail shopping.

The marketing of employer group plans means convincing retired employers for availing the group plans. This can be done by defining the benefits of taking the plan and inducing them to claim it in personal conversation through phone call mode.

Therefore, calling the selected retired persons would be the act done by the employees towards taking initiative for marketing of group plans given by the employer.

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ABC has a semi-monthly payroll cycle and a 40 hour standard work week.

Sun Mon Tues Wed Thurs Fri Sat
"2/28
2 hours" "2/29
8 hours" "3/1
8 hours" "3/2
8 hours" "3/3
8 hours" "3/4
8 hours" "3/5
0 hours"
"3/6
2 hours" "3/7
8 hours" "3/8
8 hours" "3/9
8 hours" "3/10
8 hours" "3/11
8 hours" "3/12
0 hours"
"3/13
2 hours" "3/14
8 hours" "3/15
8 hours" "3/16
8 hours" "3/17
8 hours" "3/18
8 hours" "3/19
8 hours"

1 What would ABC's total pay hours for March 1 - March 15 pay period?
2 What would ABC's total pay hours for the previous pay period?
3 What would ABC's total pay hours for the next pay period?

Answers

Based on the average working hours of ABC, their total pay hours would be:

March 1 - March 15 = 120 hours. Previous pay period = 112 hours. Next pay period = 128 hours.

What are ABC's pay hours?

ABC pay hours are an average of 8 hours a day. For work done from March 1 to March 15, the pay hours would be:

= 8 x 15

= 120 hours

ABC pays on a bi-weekly basis which means that the previous pay period was most like 14 days:

= 14 x 8

= 112 hours

The next pay period will most likely be 16 days in order to cover the rest of March from the 16th to the 31st:

= 16 x 8

= 128 hours

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The structure of an industry is changed over time by firms both entering and exiting it. For example, when Apple introduced its iPod, it had a monopoly in this product space since no other manufacturers sold any devices like it. But over time, competitors being lured by profit potentials, introduced their own products such that the industry structure for mp3 players changed from being a monopoly into one that became more competitive as more similar products began appearing in the mp3 player product space.

Smartphones have largely displaced stand-alone mp3 players. Describe the effects of this on the mp3 player industry focusing more on how this industry has changed. Include some discussion of Apple's response to the changing industries conditions over time to as far as what they are more-recently.

Answers

The effects of the smartphone industry on mp3 players was that decline in the music player industry has been noticed.

What are smartphones?

Smartphones are referred to as electronic devices mainly used to communicate with people. Smartphones make the life of an individual easier by providing facilities with one click.

The majority of companies that produce  MP3 players have entered the smartphone market due to the decline in mp3 players. A number of businesses well-known for producing electronic products, such as MP3 players, have now changed their attention to producing smartphones.

As the market conditions changed over time, Apple responded in a way that helped it become one of the top brands known for its innovation. Apple focuses on providing outstanding customer value. Apple shifted its attention to the design and the display to increase customer satisfaction.

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What's the price of a property would be expected to sell for after suitable exposure to the market, assuming no exceptional factors are influencing the parties' decisions or financing availability

Answers

The price of a property would be expected to sell for after suitable exposure to the market is Fair value Price.

What is Fair Value?

The price that must be set to sell the property in the open and competitive market under all the conditions required for the fair sale is called as Fair Value. The Buyer and the Seller assumes the prices is not affected in any circumstances.

The amount that a property should sell for, provided that no unusual circumstances are impacting the parties' judgments or the availability of finance is the Fair Value Price.

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Leon is a rock climbing enthusiast, and is considering getting a membership at a new rock climbing gym. today, leon climbs at a different gym where on a weekly basis, it costs him $18 per climb for the first three climbs, $8 per climb for the next three climbs, and $5 per climb for any subsequent climbs that week. the cost of the membership at the new gym is $25 a week, regardless of how many times leon climbs at the gym. the new gym leon is considering would also require a locker rental fee of $8 per climb. leon knows that based on the amount he climbs today (approximately 4x per week), it makes more financial sense to move to the membership, however he wants to understand what might happen if he changes his climbing frequency. when will it no longer make financial sense for leon to move to the membership option?

Answers

The correct option is C. If he climbs less than three times a week and more than six times a week that make no longer make financial sense for Leon to move to the membership option.

What is a Membership service?

Assisting Enrollees in comprehending CONTRACTOR policies and practices, facilitating referrals to participating specialists, and assisting in the resolution of issues and member complaints are all examples of what is meant by member services.

The complete question is given in the file attached below

Given,

Calculation of Under non-membership according to correct options

Assume If he climb 8 times in week = 3x18 + 3 x 8 + 2 x 5  =$88

Calculation of Under membership

Assume if he climb 8 times in week = $25 + 8 x 8 =$89

Thus, the difference between membership and non-member is $1.

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"Spin" boils down to outright lying in order to cover up what actually happened in a situation.
O True
O False

Answers

Answer:True

Explanation:

which tax reduction is deducted from the amount of tax to be paid?

a.) home mortgage interest
b.) donations to chairty
c.) medical expenses
d.) American opportunity tax credit ​

Answers

Answer:

A

Explanation:

mortgage interest is deductible on a primary home.

Some of the local licensed stockbrokers offer investors the opportunity to invest in
international equities. In an effort to have a diversified portfolio, you are considering investing
in a few stocks that are traded in the United States. You have chosen Pepsico, a company you
are familiar with. The company has both common and preference shares.
Required:
i. Common shares: Pepsico is expected to pay dividends over the next four years as
follows:
Year 1 $1.50
Year 2 $1.50
Year 3 $1.25
Year 4 $1.25
Thereafter, the company is expected to increase dividends by an annual rate of 2%.
If your required return on these shares is 9%. How much would you be willing to pay for
a share of this stock today? 10 Marks
ii. Preference shares: The Company’s preference shares pay an annual dividend of $1.50.
With preference shares being slightly less risky than common shares, your required return
is 8%. How much would you be willing to pay for a share of this stock today?
3 Marks

Answers

Currently, $17.39 is the price that investors are willing to pay for a share of this stock. Currently, $18.75 is the price that investors are prepared to pay for a share of this stock.

What is  preference shares?

Shares with the ability to receive dividends announced by the firm before equity shareholders are referred to as preference shares, or preferred shares. A security with a fixed income is preferred shares.

Annual rate after year 4(g) =2%

required rate (r) = 9%

Terminal value = Dividend year 4 × (1 + g) / (r—g)

1.25000 ×  1 + 0.02/0.09 – 0.02

= 18.21429

(i) D1/(1+r)  + [tex]D1/(1+r)^{2}[/tex] + [tex]D1/(1+r)^{3}[/tex][tex]D1/(1+r)^{4}[/tex] + terminal value/[tex](1+r)^{4}[/tex]

1.50/(1+9%) + 1.50/[tex](1 + 0.09)^{2}[/tex] + 1.25/[tex](1+0.09)^{3}[/tex] + 1.25/[tex](1+0.09)^{4}[/tex] + 18.21429/ [tex](1+0.09)^{4}[/tex]

= 17.39289

(ii) Annual dividend/r

1.50/8%

=18.75

Hence, the significance of the preference shares is aforementioned.

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___, in the trait approach to leadership, is the correspondence between actions and words.

Answers

The correspondence between actions and words that includes characteristics such as honesty and credibility is known as INTEGRITY.

In the trait approach to leadership, is the correspondence between actions and words is called expectancy.

What is trait approach to leadership?

The trait theory of leadership holds that leaders are born with specific traits. In other words, leaders have attributes that can be passed down through generations. Early studies introduced that this philosophy of leadership innately dwells within specific persons.

The trait theory of leadership focuses on the leader and the characteristics he demonstrates. Certain characteristics make leaders more effective. Steve Jobs, for example, was well-known for his charisma. People wanted to follow him because of his ability to passionately communicate his visions.

Therefore, expectancy in the trait approach to leadership, is the correspondence between actions and words.

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what could turn out to be risks of an entrepreneurial venture? Choose three

Answers

Answer:

There are many risks that could be a result of an entrepreneurial venture such as:

Financial risks

Reputational risks

Cyber security

Political risks

Economic risks

Compliance risks

Operational risks

Explanation:

According to the 2021 “Development Cost Survey” published by HVS International, the AVERAGE reported development cost for a LUXURY hotel was over $800,000 per key (guest room). Group of answer choices

Answers

It is a true statement that the AVERAGE reported development cost for a LUXURY hotel was over $800,000 per key in 2021.

What is a Development costs?

This refers to the costs that a business incurs from researching and introducing a new service.

The U.S. Hotel Development Cost Survey 2021-22 shows that the AVERAGE reported development cost for a LUXURY hotel was over $800,000 per key in 2021.

Therefore, the statement is a true statement.

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