An entity was incorporated on January 1, 2015 with proceeds from the issuance of P 7,500,000 in shares and borrowed funds of P1,100,000. During the 1st year of operations, revenue from sales an consulting amounted to P820,000, and operating costs and expenses totaled P640,000. On December 15, the entity declared a P30,000 cash dividend, payable to shareholders on January 15, 2016. No additional activities affected owners' equity in 2015. The liabilities increased to P1,200,000 by December 31, 2015. What amount should be reported as total assets on December 31, 2015?

Answers

Answer 1

The total assets on December 31, 2015 should be reported as P 8,680,000.

The balance sheet equation can be used to figure out the assets and liabilities of a company. The balance sheet equation is as follows: Assets = Liabilities + Equity. In order to calculate the total assets of a company, we need to know the liabilities and equity. In the problem, we have been provided with the liabilities and we can calculate the equity as follows: Equity = Proceeds from the issuance of shares + Borrowed funds - Dividends Proceeds from the issuance of shares = P 7,500,000Borrowed funds = P 1,100,000 Dividends = P 30,000 Equity = P 7,500,000 + P 1,100,000 - P 30,000Equity = P 8,570,000 Now, we can calculate the total assets as follows: Total Assets = Liabilities + Equity Total Assets = P 1,200,000 + P 8,570,000Total Assets = P 8,680,000Hence, the total assets on December 31, 2015 should be reported as P 8,680,000.

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Related Questions

if+after+100%+specialization+the+united+states+produces+120+barrels+of+oil+and+china+produces+90+bushels+of+corn,+what+is+the+total+world+production+of+oil?

Answers

The total world oil production will be 120 barrels because, after 100% specialization in production, the United States solely produces the oil.

With an average daily output of 16.6 million barrels of oil in 2021, the United States is by far the world's largest oil producer. With daily oil production of around 11 and 10.9 million barrels, respectively, Saudi Arabia and Russia are in second and third position, respectively. Since 1998, the world's oil output has been gradually rising.

Global crude oil output reached over 4.2 billion metric tons in 2021. The Middle Eastern oil behemoth supplied China with roughly 81 million metric tons of crude oil in 2021. In actuality, the Middle Eastern nations account for the majority of China's oil imports.

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why is free car insurance an incentive for college graduates and first time buyers?

Answers

Answer:

Free car insurance is an incentive for college graduates and first time buyers sheerly because of the price. College graduates and the like usually do not have the wealth to spend too much on car insurance.

Explanation:

interview any business owner on impact of crime​

Answers

Answer:

Businesses that had been affected by crime were found to be 17 to 22 percent less likely to increase employment. Almost half the businesses said that fear of crime among their clients or customers had had a negative impact on their businesses. This figure was particularly high in townships and inner city locations.

Explanation:

I hope this helps you sorry if it doesn’t

What are the primary reasons people choose to invest and trade stocks?

(Select all that apply.)


to earn a dividend to earn a dividend , ,

to earn capital gains to earn capital gains , ,

to earn predictable quarterly interest to earn predictable quarterly interest , ,

to earn money that is liquid

Answers

Answer:

to earn a dividend

to earn capital gains

Explanation:

Stocks represent ownership in a corporation. Shareholders are entitled to share in the profits of the business. The portion of profits that shareholders get for contributing capital is the dividend.

Investing in stocks makes one a shareholder and gives them the right to dividends. Investors always select the stocks of companies likely to declare high dividends. Dividends is an important reason why investors opt for shares or stocks.

Stocks of corporations that are performing well financially are likely to increase in price. Investors buy stocks when prices are low and selling them when prices appreciate. That way, they can profit through capital gain.

Dividends and capital gains are the rewards that investors gain from stocks. Interest is earned on deposits and loans.

Create your own buy and sell stock problem

Answers

Answer:

The cost of a stock on each day is given in an array, find the max profit that you can make by buying and selling in those days. For example, if the given array is {100, 180, 260, 310, 40, 535, 695}, the maximum profit can earned by buying on day 0, selling on day 3. Again buy on day 4 and sell on day 6. If the given array of prices is sorted in decreasing order, then profit cannot be earned at all.

Explanation:

Select the examples of workers commonly found in Business, Management, and Administration work environments. Check all that apply.

C folds clothing in a department store.
S leads a meeting in a private conference room.
Jr works in a private office on a computer.
L sets up sound and camera equipment in a theater.
T sits at a desk and answers telephone calls and e-mails.
J measures distances on a construction site.

Answers

Answer:

2, 3, 5

Explanation: your welcome, love.

Every Business, Management, and Administration work  employee  are the persons work in the office do the paper work and mange all operational and financial work of the organization . Hence option C ; S ; T are correct options

Who is Management and Administration  worker ?

An administrative employee is someone who oversees other workers who are members of another trade union and who typically work in office administration, construction, security, or maintenance.

Employees who have a common interest with "supervisors" are included by this definition. A general manager, business manager, administrator, director, or other person who has operational or managerial control over, or who directly or indirectly manages, the day-to-day operations of a facility, organization, or agency is referred to as a managing employee.

Management is a methodical approach to controlling individuals and resources within an organization. The act of running the entire organization by a group of people is referred to as the administration.

Planning, coordinating, and coming up with solutions to streamline administrative systems and procedures appointing duties and office space, as well as hiring and training staff.

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What is Market ​

Answers

Answer:

market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services to buyers in exchange for money. It can be said that a market is the process by which the prices of goods and services are established. Markets facilitate trade and enable the distribution and allocation of resources in a society. Markets allow any trade-able item to be evaluated and priced. A market emerges more or less spontaneously or may be constructed deliberately by human interaction in order to enable the exchange of rights of services and goods. Markets generally supplant gift economies and are often held in place through rules and customs, such as a booth fee, competitive pricing, and source of goods for sale.

Explanation:

hope it helps.

have a great day

Answer:

market is a very business place

What do Classic Liberals say about IPR?

Answers

Classic liberals generally support the idea of intellectual property rights (IPR), as they view it as a means of protecting individuals' creative and innovative efforts.

They believe that IPR allows creators and inventors to profit from their work and encourages further innovation and creativity. However, they also believe that IPR should not be excessively restrictive and should strike a balance between protecting innovation and promoting competition.

Overall, classic liberals advocate for a system of IPR that incentivizes innovation and creativity while also fostering competition and consumer choice. It's important to note that classic liberalism, like any political and economic philosophy, encompasses a range of perspectives and opinions.

Not all classic liberals may hold the same views on IPR, and individual opinions may vary. Additionally, societal and technological changes may impact the perspectives of classic liberals and other stakeholders on IPR over time.

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What other considerations do manufacturers have when deciding on the dimensions of the cans, besides minimizing the amount of material used

Answers

Answer:

Imagine that you are an engineer for a soda company, and you are tasked with finding the most economical shape for its aluminum cans. You are given a set of constraints: the can ust hold a volume V of liquid and be a cylindrical shape of height h and radius r, and you need to minimize the cost of the metal required to make the can.

(a) First, ignore any waste material that is discarded during the manufacturing process and just minimuze the total surface area for a given volume V. Using this constraint, show that the optimal dimensions are achieved when h = 2t.

(b) Next, take the manufacturing process into account. Materials for the cans are fut from flat sheets of metal. The cylindrical sides ar made form curved rectangles, and rectangles can be cut from sheets of metal with virtually no waste. However, when the disks of the top and bottom of the can are cut from flat sheets of metal, there is significant waste material. Assume that the disks are cut from squares with side lengths of 2r, so that one disk is cut out of each square in a grid. Show that in this case the amount of material is minimized when: h÷r = 8÷π ≈2.55 .

(c) It is far more efficient to cut the disks from a tiling of hexagons than from a tiling of squares, as the former leaves far less waste material. Show that if the disks for the lids and bases of the cans are cut from a tiling of hexagons, the optimal ratio is h ÷ r = 4√3 ÷ π ≈ 2.21 . Hint: The formula for the area of a hexagon circumscribing a circle of radius r is A = 6r ^2 ÷ √3.

(d) Look at a variety of aluminum cans of different sizes from the supermarket. Which models from problems a-c best approximate the shapes of the cans? Are the cans actually perfect cylinders? Are there other assumptions about the maufacture of the cans that we should take into account? Do a little bit of research, and write a response to answer some of these questions by comparing our models to the actual dimensions used.

Explanation:

did u get it if yes give me brilliant star

Which of the following is an example of the ethical issue of gift-giving in the
health care industry?

Answers

Answer:

Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...

Transmission of Diseases. ...

Relationships. ...

End-of-Life Issues

etc.

Answer:

A doctor prescribes medication to patients after the pharmaceutical company present tickets to a basketball game to the doctor.

Explanation:

good luck with your homework <3

If a shortage exists, than quantity demanded is greater than quantity supplied; there will be pressure on price to _____ toward equilibrium.

Answers

Answer:

rise

Explanation:

write about veterinary service available in you locality​

Answers

Answer:

write your locality not my locality there is your locality

What is talent management?
ОА.
a strategic plan to coordinate the corporate strategy with the human resources functions
OB. a system that offers an apprenticeship for college graduates
Ос.
a strategic plan for attracting, developing, and retaining human capital
OD.
a method of hiring key management positions from the host country

Answers

Answer:

OC.

Explanation:

can you think of ways to answer a scentific question

Answers

Answer:

It can be answered through experiment, observation, or other data collection, by analyzing measurable data and evidence. And a testable question is one based on scientific ideas, not opinions, morals or other subjective things. The answer should be objective and clear. Science is about collecting data.

why do business need funding

Answers

To start up the company. The business would also sell their company’s stocks which is a small percent of the money coming in.

What is the role of technology in the accounting process?

Answers

Answer:

using a computer

Explanation:

calculations

Suppose that Canada can produce 100,000 hockey sticks or 10,000 gallons of maple syrup in a typical workweek, while Germany can produce 90,000 hockey sticks or 10,000 gallons of maple syrup in a typical workweek. From these numbers, we can conclude:
A. Canada has a comparative advantage in the production of hockey sticks.
B. Germany has a comparative advantage in the production of hockey sticks.
C. Canada has an absolute advantage in the production of maple syrup.
D. Germany has an absolute advantage in the production of maple syrup.

Answers

Answer:

A. Canada has a comparative advantage in the production of hockey sticks.

Explanation:

The computation is shown below:

For Canada

The Opportunity cost of Hockey is

= 10000 ÷ 100000

= 0.1 gallons of maple syrup

For Germany

The Opportunity cost of Hockey is

= 10000 ÷ 90000

= 0.11 gallons of maple syrup

So based on this, the option A is correct

And, the same is to be considered

Therefore all the other options would be wrong

In which period of industrial revolution industries experienced the need of selling function

Answers

Answer:

Industrial revolution industries experienced the need of selling function is explained below in details.

Explanation:

The Industrial Revolution converted economics that had been based on cultivation and craftsmanship into markets based on large-scale manufacturing, mechanized production, and industry arrangement. New instruments, new energy sources, and new forms of creating a product made present industries more fruitful and effective.

Explain the role audit committee plays in the company​

Answers

Answer:

The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.

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what are some ways the government can internalize air pollution from the consumption of cars besides tax?​

Answers

- restrict access to certain areas like city centers for pollutant cars

- stop the manufacturing of cars using fossil fuel completely (the EU plans that for 2035)

- make public transportation cheaper or even free (Luxembourg did this)

- advocate the health benefits of not using a car for short trips via campaigns in differentmedia. it's cheaper and healthier to walk or ride a bike etc. whenever possible.

- make public transportation, e.g. trains, better and more time efficient (China invested a great deal of money into its train system)

- and possibly more I can't think of at the moment

In mortgage lending, a borrower is required to pledge specific real property as security (collateral) for the loan in a practice called?

Answers

A property is pledged as collateral for a loan through a process known as hypothecation, which does not give the lender the legal ownership of the item. In a mortgage, the bought property is used as security for the loan, but the lender retains ownership.

What Is a Hypothecation Example?

An investor who takes out a mortgage loan to buy an investment property would be an example of hypothecation. The asset is used as security for the loan. In the meantime, the investor receives the rental revenue it generates. However, if the investor doesn't make payments, the lender has the right to file for a foreclosure and seize the property.

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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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The skills section of the resume should include skills that you've gained both in
school and hobbies but should be skills that are
to what the
employer is looking for.
unrelated
opposite
different
related

Answers

The correct answer is D. Related

Explanation:

When reading the résumé of a candidate, the employer always expects the candidate has skills and knowledge directly related to the job offer, because in most cases, these show the candidate will be able to adapt and work efficiently in the new job. For example, if an employer is looking for an architect the employer is more likely to select a candidate with experience and knowledge in the area. Due to this, every time you apply to a job offer your résumé should include skills that are directly related to the job offer or what the employer is looking for as this gives you more possibilities of being hired.

write how vermicompost is prepared in a pit​

Answers

Explanation:

Vermicomposting pits are mainly used by farmers. These farmers dig a large hole that serves the purpose of burying worms and organic waste material. Pits made for vermicomposting are usually 1 m deep and 1.5 ms wide.

ACTUAL EXPLANATIONS ONLY PLEASE // You project revenue to start at $5,000 for the first month and grow by $200 each month thereafter. You project expenses
to begin at $7,000 per month and grow by $50 per month. In what month will you break even (revenue equal to expenses)?

Answers

Answer:

13.33

Explanation:

We have to write 2 equations to set equal to each other.

The first one will look like this:

200x + 5,000

The x will go with the 200 because the project revenue grows by $200 each month thereafter the start of $5,000.

The second equation will look like this:

50x + 7,000

The project begins at $7,000 and grows by $50 every month so the x will go with the 50.

Now, set them equal to each other

200x + 5,000 = 50x + 7,000

Solve

150x + 5,000 = 7,000

150x = 2,000

x = 13.333

Therefore, in the thirteenth month the project will breakeven.

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Company Dept. A Dept. B
Estimated manufacturing overhead $500,000 $338,000 $162,000
Estimated direct labor cost $250,000 $130,000 $120,000
Actual manufacturing overhead $720,000 $400,000 $320,000
Actual direct labor cost $300,000 $160,000 $140,000
Based on this information, the pre-determined overhead rate per direct labor dollar for Dept. B is $_____.

Answers

The pre-determined overhead rate per direct labor dollar for Dept. B is 1.35.

What is manufacturing overhead?

Manufacturing overhead costs are the cost associated with running a manufacturing facility.

Examples of factory overhead include

indirect labor costsfactory rentdepreciation of plants and machinerySales and administrative cost

What is direct labour cost?

The direct labour cost is the cost directly involved in the production of goods and services.

What is  the pre-determined overhead rate per direct labor dollar for Dept. B?

The pre-determined overhead rate per direct labor dollar for Dept. B = Estimated manufacturing overhead / Estimated direct labor cost

= $162,000 / $120,000 = 1.35

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Which of the following are exempt from licensure, as long as they meet the exemption
requirements?
Public and non-public schools
Child care facilities
Membership organization programs
Summer day and 24-hour camps
Large family child care homes
Vacation Bible School programs
Hotels and resorts

Answers

Answer:

Child Care Facilities

Large Family Child Care Homes

Public and non-public schools

Summer day and 24-hour camps

Vacation Bible School Programs.

Explanation:

A facility that is exempted from licensing is the one that is not licenses, but is still to maintaining certain requirements held under respective authorities. They need to meet certain requirements in order to operate effectively.

There are several programs that are exempted from licensing. From the given list, they are:

Public and non-public schoolsChild Care FacilitiesSummer day and 24-hour campsLarge Family Child Care homesVacation Bible School Programs.

These programs are exempted from having a license but are under the obligation to meet certain requirements to run efficiently.

The acme global corporation needed to hire 30 new advertising sales agents. the applicant pool consisted of 100 african-american males and 100 white males. of the 200 applicants, acme global hired 10 of the african-american males and 20 of the white males. is there evidence of disparate impact?

Answers

Answer:

Yes, because it doesn't comply with the four-fifths rule.

Explanation:

First we must establish the selection rate for both groups:

whites = 20 / 100 = 20% selectedAfrican American = 10 / 100 = 10% selected

the four-fifths rule establishes that at least 20% x 4/5 = 16% of all African American candidates should have been selected, but only 10% were selected.

Give 2 advantages of a corporation?

Answers

2 advantages of a business corporation include...

personal liability protectionbusiness security and perpetuity

Hope this helps!! Good luck with your work :))

Brainliest? I'm trying to rank up please UvU

Answer:

Limited Liability

In a corporation, the owners of the company are only liable for the amount of money which they have invested through purchasing shares. This means that if the company goes bankrupt and has no money left to pay back the creditors and lenders, the money invested by its shareholders into the company (by purchasing its shares) will be used to pay back the creditors and lenders. Hence, the shareholders will lose the amount invested. Creditors and lenders, however, have no claim on the personal properties and assets of the owners. This is what limited liability means: limited up to the extent of the amount invested.

Easy Availability of Capital

In a corporation form of business organization, it is relatively easy to raise huge sums of capital through the public. Since the total money a company wishes to raise is divided into thousands and lakhs of shares, the price of each share comes out to be very small. A small price allows a number of people to purchase the shares of the company. Hence, it becomes easy to raise a big amount for a corporation by dividing it into smaller units.

Explanation:

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"A customer in the 28% tax bracket has $4,000 of capital gains and $12,000 of capital losses. How much unused loss is carried forward to the next tax year?"

Answers

Answer:

$5,000

Explanation:

Given that:

A customer in the 28% tax bracket has $4,000 of capital gains and $12,000 of capital losses. How much unused loss is carried forward to the next tax year?

Capital gain = $4000

Capital loss = $12,000

Net loss = ( capital loss - capital gain)

Net loss = ($12,000 - $4,000)

Net loss = $8,000

Maximum net loss deductible from taxes In a year is $3000

Net loss - deductible

$8,000 - $3,000 = $5,000

Unused loss carried into the next year = $5,000

Other Questions
Need help on this question asap pleasee What is the solution to the following system of equations? (1 point)x 4y = 62x + 2y = 12 (0, 10)(10, 0)(6, 0)(0, 6)10. (04.02 MC) Solve the following system of equations: (1 point)3x 2y = 66x 4y = 12 (0, 0)(6, 12)Infinitely many solutionsNo solutions11. (04.02 MC) Visitors to a carnival can buy an unlimited-ride pass for $50 or an entrance-only pass for $20. In one day, 282 passes were sold for a total of $10,680. The following system of equations models this scenario:50x + 20y = 10,680x + y = 282How many unlimited-ride passes were sold? (1 point)11414616821212. (04.03 LC) Create an equivalent system of equations using the sum of the system and the first equation. (1 point)5x + 4y = 84x + y = 2 5x + 4y = 89x + 5y = 105x + 4y = 8x + 5y = 105x + 4y = 89x + 5y = 25x + 4y = 8x + y = 1013. (04.03 MC) Determine the equivalent system for the given system of equations: (1 point)5x 3y = 6x + y = 2 5x 3y = 66x 2y = 85x 3y = 62x + 2y = 25x 3y = 6x + y = 25x 3y = 66x 2y = 214. (04.03 MC) Explain how System 1 becomes equivalent to System 2. (1 point)System 1:Ax + By = CLx + My = NSystem 2:Ax + By = C(A L)x + (B M)y = C N The first equation in System 1 is the sum of the equations in System 2. The second equation in System 2 is the first equation in System 2.The first equation in System 1 is the difference of the equations in System 2. The second equation in System 1 is the first equation in System 2.The second equation in System 2 is the sum of the equations in System 1. The first equation in System 2 is the first equation in System 1.The second equation in System 2 is the difference of the equations in System 1. The first equation in System 2 is the first equation in System 1.15. (04.04 LC) The functions f(x) = 2x + 30 and g(x) = 3x + 10 are shown in the graph.graph of f of x equals negative 2 times x plus 30 and g of x equals 3 times x plus 10Determine the approximate ordered pair for f(x) = g(x). (4, 22)(22, 4)(4, 18)(18, 4)16. The table shows values of f(x) and g(x) for selected values of x:xf(x) = 4x + 7g(x) = 3x215 111 0 11 2 9 In the human stomach, chemical reactions take place in an acidic environment. Some of these reactions are catalyzed by enzymes. How would these enzymes most likely function in an environment where the pH was doubled? What is the solution for -3 x 36? 6. Multiply: (x 4)(x + 5)(a) x2 + 5x - 20,(b) x2 - 4x - 20,(c) x2 - x - 20,(d) x2 + x - 20. Two seconds before the ambulance leaves the emergency room and accelerates at a constant rate of 2 m/sec^2, Meanwhile An ambulance travelling at a constant velocity of a 15 m/sec passes that emergency room. How soon will the second ambulance overtake the first why some asian feel embarassed about them being asian? im just not happy about it cuz im asian too. A kid is bouncing on a pogo stick. He oscillates 22.0 times in 14.9 S. What is his frequency? (Unit = Hz) six times the sum of a number and 4 equals 5. Please turn it into an equation :} Where can I get bass pro shop online? What is lobbying in interest groups? E. What types of channels are found at an axon terminal that allows for vesicle fusion? F. How do these channels become activated? G. What neurotransmitter is released from the vesicles of the axon te Using point-slope form, write the equation of the line that passes through (2, 1) and has a slope of 5. A. (y 1) = 5(x + 2) B. (y 2) = 5(x 1) C. (y + 1) = 5(x 2) D. (y + 2) = 5(x 1) Please select the best answer from the choices provided A B C D solve the systemof linear equations -3x+y=2 -x+y-4=0 The graph of a function f is illustrated below. What is the graph of the inverse function of f? Consider the boundary value problem y" + 400 y = 0, y = 0, y' (1) = 1. (a) (5 points): Is this problem homogeneous or nonhomogeneous? (Explain) (b) (15 points): Either solve the given boundary value problem or else show that it has no solution. 40 out of 50 birds are female. total number of birds is 1,120, how many of them would be female In terms of carbon monoxide, 1 marijuana joint is the equivalent of how many cigarettes?. Which of the following had occurred by 1825?Great Britain had seized the territory.Spain had lost all of its colonies in theAmericas.Most of the territory had been annexed by theUS or had declared independence.DONE Jake has just arrived at work. He starts typing a report that he has been working on for most of the week. In the middle of this, his supervisor sends him an email asking him to make some changes to an earlier report and send it in by the end of the day. Another email comes in with an urgent request for him to call a client who needs some details for another project. Finally, he gets another email asking him to review a report written by a co-worker. What should Jake do? What professional skills would he be using?