Business, 09.11.2019 01:31 queentaryn13
Which of the following statements explain(s) how the accounting equation applies to businesses? check all that apply. a. the equation reflects that the total of what a business owns at any point in time will equal the total of what it owes creditors and owners. b. the equation applies to all transactions. c. the equation states that revenues - expenses = assets. the relation of assets, liabilities and equity is reflected in the equation. d. the equation reflects the fact that, at any point in time, total revenues will always equal total liabilities and assets. e. the equation states that assets = liabilities + equity.
Answers: 3
Business, 22.06.2019 02:00
True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false
Answers: 2
Business, 22.06.2019 15:20
Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.
Answers: 3
Business, 22.06.2019 22:00
Your sister turned 35 today, and she is planning to save $60,000 per year for retirement, with the first deposit to be made one year from today. she will invest in a mutual fund that's expected to provide a return of 7.5% per year. she plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. under these assumptions, how much can she spend each year after she retires? her first withdrawal will be made at the end of her first retirement year.
Answers: 3
Business, 22.06.2019 22:50
For 2016, gourmet kitchen products reported $22 million of sales and $19 million of operating costs (including depreciation). the company has $15 million of total invested capital. its after-tax cost of capital is 10%, and its federal-plus-state income tax rate was 36%. what was the firm’s economic value added (eva), that is, how much value did management add to stockholders’ wealth during 2016?
Answers: 1
Which of the following statements explain(s) how the accounting equation applies to businesses? che...
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