The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts Payable $486 Fees Earned $2,807 Accounts Receivable 854 Insurance Expense 405 Prepaid Insurance 1,698 Land 2,275 Cash 1,878 Wages Expense 519 Drawing 751 Capital 5,087 Prepare a trial balance. The total of the debits is a.$5,087 b.$3,218 c.$8,380 d.$1,883

Answer:

Explanation:

PV formula=Payment* PVF at 8%

So,

Year 1: PV=1225; PVF=0.925926; PV = 1225*0.925926=1134.26

Year 2: PV=1350; PVF=0.857339; PV = 1350*0.857339=1157.41

Year 3: PV=1500; PVF=0.793832; PV = 1500*0.857339=1190.75

Year 4: PV=1600; PVF=0.73503; PV = 1600*0.73503=1176.05

Year 5: PV=1600; PVF=0.680583; PV = 1600*0.0.680583=1088.93

If we add everything, it will amount into 5747.40 = amount of borrowing

Final answer:

Jeremy Fenloch borrowed a total of $5,821.76, calculated by finding the present value of each promised repayment over five years discounted at 8% annually.

Explanation:

Jeremy Fenloch borrowed money and promised to repay his friend $1,225, $1,350, $1,500, $1,600, and $1,600 over five years with a discount rate of 8%. To calculate the total amount Jeremy borrowed, we must calculate the present value of each payment he promised to make and then sum them up. The present value (PV) formula is PV = FV / (1 + r)^n, where FV is the future value of the payment, r is the discount rate, and n is the number of years until the payment will be made.

Adding up these present values gives Jeremy's total borrowed amount: $1,134.26 + $1,165.29 + $1,188.30 + $1,211.92 + $1,121.99 = $5,821.76.

Answer:

Receivable turnover ratio is 5.4528

Explanation:

Receivable turnover ratio:

It is used to measure how efficiently a company or firm is issuing the credits to its customers and collection g funds from them. It is a measure how assets are used by the company efficiently.

Formula:

Receivable turnover ratio=(Total credit Sales)/ (Average receivables)

[tex]Receivable\ turnover\ ratio=\frac{\$18,785,000}{\$3,445,000} \\Receivable\ turnover\ ratio= 5.4528[/tex]

It is unit less.

Receivable turnover ratio is 5.4528

Answer:

Entrepreneurial endeavors consist of new business venturing, innovativeness, self-renewal, and reactiveness

True

Explanation:

Entrepreneur entails when one is his/her own boss, he or she determines the time, mode of running the business,innovations, capital, creativity, packaging, branding among others.

Answer:

1. C.Tax accounting

2. C. Tax accounting

3. A. Financial accounting

4. C. Tax "

5. B. Managerial "

6. A. Financial "

7. B. Managerial "

8. B. Managerial "

Explanation:

Tax accounting: accounting methods focused on tax.

Financial accounting: summary, analysis and reporting of financial transactions.

Managerial accounting: analyzing and communicating financial data to managers.

Final answer:

The three areas of accounting—financial, managerial, and tax accounting—each have specific responsibilities. Tax accountants handle tax law investigations and tax planning, financial accountants prepare external financial statements and conduct both internal and external audits, while managerial accountants deal with cost accounting and budgeting.

Explanation:

Many accounting professionals specialize in different areas, such as financial accounting, managerial accounting, and tax accounting. Each area is involved with specific responsibilities:

Understanding how transactions shape an organization's basic financial statements is a critical skill for professionals in financial accounting. These statements include the balance sheet, income statement, and cash flow statement, each telling us something about the company's financial status. Through analysis of these statements, organizations make informed financial decisions based on the past earnings record to estimate future earnings potential.

Answer:

Explanation:

Overhead:

Indirect materials  15,000.00  

Indirect labor  80,000.00  

Other overhead costs  120,000.00  

If we sum up everything = 215,000.00        

Overhead applied  185,500.00

Underapplied OH            215000-185500=29,500.00

Explanation:

I am listing below significant personal traits of a leader:

Final answer:

Leadership traits such as empathy, integrity, and communication skills contribute to an individual's effectiveness as a leader exemplified by figures like Abraham Lincoln. Charismatic leaders can inspire during crises through their visionary approach, while socialized charismatic leaders focus on collective interests and empowerment.

Explanation:

Leadership traits vary widely among individuals and can be particularly influenced by the context in which a leader operates. When reflecting on Abraham Lincoln's personality, his effectiveness as a leader was largely attributed to his emotional intelligence, ability to communicate, and his integrity. Lincoln demonstrated empathy, had excellent oratory skills, and showed commitment to principles of equality and union. Unlike Lincoln, Jefferson Davis did not exhibit the same level of charismatic authority and struggled with internal disputes and lacked the strong rapport with the public that Lincoln maintained.

Charismatic leaders often emerge during periods of crisis and can harness their personal qualities to influence and motivate followers. They may possess traits such as confidence, determination, and visionary insights, inspiring loyalty and extraordinary efforts among their supporters. Leaders like Mohandas Gandhi exemplified both charismatic and legal-rational authority, showing that leadership can encompass multiple styles. Personalized leaders, who may exhibit narcissistic tendencies, contrast greatly with socialized charismatic leadership, which focuses on empowerment, altruism, and collective interest.

Different leadership styles resonate with various individuals. Some may prefer transformative leaders who inspire through vision and innovation, while others might gravitate toward servant leaders who prioritize the needs of their team or community. People's preferences can be influenced by their own personal values or the particular environment they are in, such as the workplace, classroom, or on a sports team.

Answer:

Earnings per share = $2.25

Dividend per share =  $0.73

Explanation:

given data

sales = $749,000

costs = $306,000

depreciation expense = $58,000

interest expense = $39,000

tax rate = 35 percent

paid out dividends = $73,000

no of share  = 100,000

solution

first we get here Net income that is

Net income = Profit before tax (PBT) - Tax   .........1

EBIT =  sales  - costs - depreciation expense

EBIT =  $749,000 -  $306,000 - $58,000

EBIT = $385,000

and

Profit before tax  = EBIT - interest = $385,000 - $39,000 = $346,000

tax is = 35 % of Profit before tax

tax = 35% of $346,000 = $121,100

so

Net income = $346,000 - $121,100

Net income = 224,900

and

Earnings per share will be here as

Earnings per share = Net income ÷ Number of shares    ..................2

Earnings per share = [tex]\frac{224900}{100000}[/tex]

Earnings per share = $2.25

and  

Dividend per share will be here as

Dividend per share = Cash dividends ÷ Number of shares    .....................3

Dividend per share = [tex]\frac{73000}{100000}[/tex]

Dividend per share =  $0.73

Answer:

Letter D is correct. Supply chain management.

Explanation:

It can be said that Rodney's professional responsibilities focus on supply chain management.  The entire logistical process of a product or service, ranging from its manufacture to its delivery to the final consumer can be defined as a supply chain.

Rodney's job is to ensure that the flow of all stages that make up the production process, such as raw materials, work in progress, finished products, and information are managed correctly so that there is an effective supply chain, which ensure delivery of products and services to the right place at the right time.

Level B of PPE usage includes the use of APR or PAPR, a chemical/splash overgarment, double gloves, and chemical-resistant boots. It is often used in situations involving hazardous materials.

The level of Personal Protective Equipment (PPE) that uses Air-Purifying Respirators (APR) or Powered Air-Purifying Respirators (PAPR), and includes a chemical/splash overgarment, double gloves, and chemical-resistant boots is Level B protection. This level is utilized when the type of airborne substance is known, and measurable but requires a high level of respiratory protection but less skin protection. This level of protection is commonly used during situations involving hazardous materials, such as dealing with spills of chemical substances.

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Answer:

Adjustments for enterprise fund-basis statements from their original modified accrual basis would not be included in the required reconciliation of the Governmental Fund Balance Sheet to the governmental activities Statement of Net Position.

Answer:

The correct answer is (c)

Explanation:

The inventory management is an important task to avoid shortages against the demand. The physical count of inventory is hard and time taking which is why companies usually estimate the inventory rather than spending time to count it. This is the perfect example of a trade-off between timeliness and verifiability. It is a good trade-off because companies usually know the inventory levels.

Answer:

Explanation:

Let's recall the formula that will be used for calculations

The annual payment on the loan=Present value of a loan/PVIFA

r=7%; n=5

Annual payment on the loan=71500/4.100197=17438.19

OR we can use the financial calculator and input the following data:

PV = 71500; r=7%; n=5; PMT=?

PMT=17438.19

Amortization schedule:

YEAR  Beg. balance    Total PMT    Interest PMT   Principal PMT   End. Bal.

1           71500                 17438.19      5005                 12433.19          59066.81

2          59066.81           17438.19       4134.68             13303.51          45763.3

3          45763.30           17438.19       3203.43            14234.76         31528.54

4          31528.54            17438.19       2207                 15231.19           16297.35

5          16297.35             17438.19      1140.81              16297.38          0

*5005 = 71500 ×0.07

12433.19=17438.19-5005 and so on...

Final answer:

To prepare an amortization schedule for a five-year loan of $71,500 at a 7% annual interest rate, you must calculate the annual payment using the present value of annuity formula, then distribute each payment into principal and interest, updating the loan balance each year.

Explanation:

The amortization schedule for a five-year loan of $71,500 with a 7 percent annual interest rate and equal annual payments requires the calculation of the annual payment amount using the formula for an annuity. Once the annual payment is calculated, the schedule will track the decreasing balance over time as each payment is made. To find the annual payment, we would use the present value of annuity formula:

PV = Pmt × [(1 - (1 + r)^{-n}) / r]

Where PV is the present value of the loan ($71,500), Pmt is the annual payment, r is the interest rate per period (7% or 0.07), and n is the number of periods (5 years).

Rearranging the formula to solve for Pmt gives us:

Pmt = PV / [(1 - (1 + r)^{-n}) / r]

By plugging the values into the formula, we can calculate the annual payment. After we know the annual payment, we will use it to create the amortization schedule and distribute the payment into interest and principal components for each year, updating the balance accordingly.

Please note that the creation of the complete amortization schedule involves several steps, including repetitive calculations to update the balance and to calculate the interest for each year. The interest is always calculated on the remaining balance of the loan at the start of the year. This explanation is a simplification; the actual amortization schedule would need to be prepared with precise calculations.

Answer:

True

Explanation:

In monetary economics, the demand for money is the total amount of the asset an individual prefer to keep in liquid or near liquid forms rather than investment. Some of the factors that influences the demand for money are interest rate, inflation, income, e.t.c.

John Maynard Keynes postulated that the demand for money falls within the realms of liquidity preference, which he summarized under three headings, these are, the transactions motives, the precautionary motives, and the speculative motives.

Answer:

d) $ 40,300.

Explanation:

At the time of recording of the fixed assets, the fixed assets should be recorded at purchase cost or historical price

Since in the question, the land was acquired at $40,300 and the assessed valuation for tax purposes is also done for $28,000 plus there is a qualified appraiser for $50,000 and the cash payment is also made for $44,000

But at the time of reporting, the balance sheet would show at the acquired price i.e $40,300

Answer:

The correct word for the blank space is: stakeholder mapping.

Explanation:

Stakeholder mapping is the act by which companies look for investors so they can finance their projects. The mapping allows entrepreneurs to verify if their project plan is good enough to attract capital and the process also helps to identify who of those investors are serious in making the plan become a reality.

Answer:

Explanation:

As we know that

Accounting equation comprise of

Total assets = Total liabilities + Shareholder equity

So, the description of each transaction is as follows:

a. Cash A/c Dr $40,000

         To Common stock $40,000

(Being the invested cash in exchange for common stock is recorded)

Since both the above accounts i.e cash account and the common stock are increased by $40,000

b. Office supplies A/c Dr $3,000

             To Cash A/c $2,000

             To Accounts Payable A/c $1,000

(Being the office supplies are purchased for cash and on credit basis)

This transaction reduced the cash balance by $2,000   ($40,000 - $38,000) and the total office supplies is purchased for $3,000 out of which $2,000 is paid for cash and remaining $1,000 is on credit basis.

c. Office furniture A/c Dr $8000

           To Cash A/c $8000

(Being the office furniture is purchase for cash is recorded)

In this transaction, the cash balance is $30,000 and the cash balance in previous balance is $38,000 so it get reduced by $8,000. Although the office furniture balance is also increased by $8,000

d. Accounts receivables A/c Dr $6,000

                To Service revenue A/c $6,000

(Being the service rendered is recorded)

In this transaction, both the above accounts are increased by  $6,000 each

e. Cash A/c Dr $1,000

      To Service revenue A/c $1,000

(Being the service is provided for cash is recorded)

In this transaction, the cash balance is $31,000 and the cash balance in previous balance is $30,000 so it get increased by $1,000 Although the service revenue balance is also increased by $1,000

Transaction Cash + Accounts Receivable + Office Supplies + Office Furniture = Accounts Payable + Common Stock + Revenues

a. $ 40,000 + $ 0 + $ 0 + $ 0 = $ 0 + $ 40,000 + $ 0

a. Started the business with the owner investing cash in the business in exchange for common stock

Transaction cash is increase and common stock is increased.

b. 38,000 + 0 + 3,000 + 0 = 1,000 + 40,000 + 0

b. Purchased office supplies, paid in cash and on credit

Office supplies purchased by hybrid transaction, partially for cash and credit.

c. 30,000 + 0 + 3,000 + 8,000 = 1,000 + 40,000 + 0

c. Purchased office furniture by paying cash

Purchase furniture for office and payed cash

d. 30,000 + 6,000 + 3,000 + 8,000 = 1,000 + 40,000 + 6,000

d. Billed a customer for services rendered

Services delivered to customer on credit, Account receivables increased.

e. 31,000 + 6,000 + 3,000 + 8,000 = 1,000 + 40,000 + 7,000

e. Provided services for cash

Services rendered to customer for cash.

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Final answer:

Treasury stock refers to the shares of a company's own stock that it has bought back from shareholders. It is not actively traded and is considered retired. It is reacquired by the company and fully paid for.

Explanation:

Treasury stock refers to the shares of a company's own stock that it has bought back from shareholders. Each of the following statements is correct regarding treasury stock except that it has been issued. Treasury stock is not actively traded and is considered retired. It is reacquired by the company and fully paid for.

The correct answer is that treasury stock has not necessarily been retired. Unlike retired shares, treasury stock consists of shares that have been issued and fully paid for, which are then reacquired by the company and held in its treasury. These shares can be reissued, sold, or retired at a later date, depending on the company's decision. Treasury stock reduces shareholders' equity and does not pay dividends or have voting rights while held by the company.

Answer:

c.The face value ($70,000), interest rate (6%), and term (120 days) are needed to calculate the maturity value of the note.

Explanation:

maturity value = face value + interest

interest = face value*interest rate*period

             = $70,000*6%*120/360

             = 1400

face value = 70,000

maturity value = 70,000 + 1400

                        = 71400

Therefore, face value and interest rates needed to calculate the maturity value of the rate.

Final answer:

To determine the maturity value of Action Co.'s note, the face value of $70,000, the interest rate of 6%, and the 120-day term are required. Ensuing the calculation, the interest amounts to $1,400, leading to a maturity value of $71,400.

Explanation:

To calculate the maturity value of a note, we need to take into account several components, including the face value, the interest rate, and the term of the note. In the case of Action Co.'s note payable to Scanlon Co., the face value is $70,000, the annual interest rate is 6%, and the note's term is 120 days. Using these variables, we can compute the interest of the note and add it to its face value to arrive at the maturity value.

The interest can be calculated as follows:

Interest = (Face Value  imes Interest Rate  imes Term) / (360-day year)
Interest = ($70,000  imes 6%  imes 120) / 360
Interest = ($70,000  imes 0.06  imes 120) / 360
Interest = $1,400

Add the interest to the face value to get the maturity value:

Maturity Value = Face Value + Interest
Maturity Value = $70,000 + $1,400
Maturity Value = $71,400

Thus, we will need option c: The face value ($70,000), interest rate (6%), and term (120 days) are needed to calculate the maturity value of the note.

Answer:

The tobacco industry is not classically influenced by demand and supply, as it is always a sensitive topic for government policies and economics in general. Since tobacco products (cigarettes) are not an ordinary product, but impose a threat to health instead, their prices are mostly influenced by government or regulatory body decision, rather than general market rules.

So, if cigarette prices become higher (as an aftermath of a regulatory body decision), they will remain that way, no matter if the demand decreases.

The correct statement will be that the prices of cigarettes will not affect the smoking habits of a person, as the person derives pleasure from such smoking.

The example given above is a classic situation to the exception to the law of diminishing marginal utility, where the law does not apply, as the smoker will derive additional utility from each unit.

Hence, we can derive that a person who smokes cigarettes will not change his number of units of cigarettes smoked with a change in the price of cigarettes.

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Answer:

$3

Explanation:

We have to use linear function to determine the variable cost per unit.

Let, x = fixed costs, y = variable cost per unit

According to the question,

x + 50,000 y = $230,000 ........ (i)

As the fixed cost increases 25% due to additional facilities, the new equation will be -

(x*25%) + x + 60,000 y = $280,000

or, 0.25x + x + 60,000 y = $280,000

or, 1.25 x + 60,000 y = $280,000 ......... (ii)

Multiplying the equation (i) by 1.25 and the equation (ii) by 1, we can get,

1.25x + 62,500 y = $287,500 ...... (iii)

1.25x + 60,000 y = $280,000 ......(iv)

Subtracting equation (iv) from (iii), we can get,

2,500 y = $7,500

or, y = $7,500 ÷ 2,500

or, y = $3

Therefore, the budgeted variable cost per unit = $3

To calculate Gallop's budgeted variable cost per unit, you have to solve simultaneous equations based on the given total costs for different production levels, taking into consideration that fixed costs are higher by 25% for the larger production batch.

To find Gallop's budgeted variable cost per unit of output, we must first understand that total costs consist of fixed costs and variable costs. As per the information given, the budgeted fixed costs for 60,000 units are 25% more than those for 50,000 units. Therefore, if we denote the budgeted fixed costs for 50,000 units as F, then the budgeted fixed costs for 60,000 units are 1.25F.

Using this information and the total budgeted costs given for both levels of production, we can set up two equations:

Now, we can solve these two simultaneous equations to find V, the variable cost per unit. By doing some algebra (subtracting the first equation from the second) the increase in total cost ($50,000 = $280,000 - $230,000) is mainly due to the additional 10,000 units and the 25% increase in fixed costs. Once we find the increased fixed cost, we can subtract it from the $50,000 to find the total variable cost for the additional 10,000 units, and dividing this number by 10,000 gives us the variable cost per unit.

Final answer:

Major economic reform themes in globalization promoted by the World Bank, IMF, and WTO include market-oriented economic reforms, human capital development through investments in health and education, managing international financial flows, and the challenge of sustaining economic growth rates.

Explanation:

The ongoing process of globalization has been facilitated by several major economic reforms, promoted by international organizations like the World Bank, the International Monetary Fund (IMF), and the World Trade Organization (WTO). These reforms are essential to integrating national economies into the international framework, providing guidelines for international trade, finance, and investment.

Market-oriented economic reforms are crucial in this undertaking. They include liberalization of trade to promote exports and imports, deregulation to remove unnecessary barriers for businesses, and privatization to transfer ownership from the public to the private sector. These reforms aim to create a more efficient and competitive economic environment globally.

Additionally, the focus on human capital development through health and education is vital. By investing in the population's skills and well-being, countries can escape poverty traps and sustain growth. Modern technology plays a significant role here, making such investments more feasible than ever before.

However, amidst these reforms, it is important to address the challenges that come with international financial flows. The Asian Financial Crisis illustrated the volatility that can accompany rapid inflows and outflows of capital, raising concerns about trade deficits and economic stability. Careful monitoring and policy frameworks are needed to mitigate these risks.

Lastly, sustaining economic growth rates is a continuous challenge for both developed and developing nations. Striking a balance between integration in the global market and managing domestic economic policies is key to long-term prosperity and resilience.

Answer:

The correct answer is: contribution margin income statement.

Explanation:

The contribution margin income statement organizes costs by behavior and not by function thus it is not used for financial reporting. The variable expenses are deducted from sales to be recorded at a contribution margin. Fixed expenses are subtracted from the net profit obtained at the end of the accounting period.

Answer:

The journal entries are:

Dr Bond Receivable      66,000

Dr Interest Receivable   990

Cr Cash                          66,990

(to record the purchase of Iceline, Inc. 's bonds)

Explanation:

The purchase include the following deliverables:

+ The bond at the price of $66,000

+ The interest receivables that the seller(s) is/are eligible to receive, yet, they transfer the rights to the buyers. This amount is recorded at $990 as Buyer's receivable because as bond holder, Buyers are eligible to receive that. Noted that this is not qualified to be recorded as Interest Income for Bond's Buyers because the Buyers do not hold the bond at all before the purchase, thus, they should not recorded any interest income from the coupon receipt.

=> Total Cash spent for the purchase is $66,990 ( $66,000 + $990).

Answer:

True.

Explanation:

Universal Container has implemented a large service cloud roll out almost 3 months ago at their national call center successfully, but agents are having trouble to open the cases for united automotive whenever they try to create a new case. There were more than 15000 open cases but the problem appears   again.

Closing entries involve zeroing out of all Revenue, Expense and Dividend accounts and transferring their balances to Retained Earnings. This sets these accounts to zero for the upcoming fiscal year. An example procedure of closing entries includes closing revenue and expenses accounts to the Income Summary account and then further closing the Income Summary to Retained Earnings.

The act of closing entries involves zeroing out all Revenue, Expense, and Dividend accounts and transferring their balances to Retained Earnings at the end of the accounting period. This process resets the Revenue, Expense, and Dividend accounts to zero at the start of the new fiscal year.

Here's an example of how these closing entries might look:

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Answer:

b.  Green customer consumption

Explanation:

Answer:

Annual Yield = 34.08%

Explanation:

A treasury is a short-term financial instrument issued by a government with a maturity date of 365 days or less. It is issued for a value less than the its face value., therefore it is a discounted instrument.The face value is the amount that the investor will receive at the maturity of the bill.

To calculate the the effective annual yield of a bond; follow the steps below:

Step 1: Calculate the return earned for the investment period. This called the yield for the investment period. Note that the investment may be for less than 365 days depending on the number of days left to maturity when it was purchased.  

(Face Value - Price)/Price × 100

= ((100-90)/90)× 100= 11.%

This helps to ascertained the return earned as a percentage of the amount invested.

Step 2: Calculate the annual effective rate. This is required to determine the equivalent return (yield) per annum should the investment be made for one year.

Annualized Yield=  (Yield/Time period to maturity) × 365

                               = (11.11%/119) × 365

                                  = 34.08%

Answer:

A. Stockholders equity at the end is $493,000.

B. Closing total assets is $865,000.

C. Closing liability is $410,000.

Explanation:

A.  Closing total assets:

= Opening assets + increase in assets

= $845,000 + $177,000

= $1,022,000

Closing liability:

= Opening liability - Decrease in liability

= $600,000 - $71,000

= $529,000

Closing equity:

= Closing assets - Closing liability

= $1,022,000 - $529,000

= $493,000

B.  Opening equity:

= Opening assets - Opening liability

= $845,000 - $600,000

= $245,000

Closing assets:

= Opening assets + increase in liability - Decrease in equity

= $845,000 + $92,000 - $72,000

= $865,000

C.  Closing liability:

= Opening liability - decrease in assets - increase in equity

= $600,000 - $90,000 - $100,000

= $410,000

The solutions for the given question can be obtained through the Accounting Equation. The solutions are as follows:

a. Stakeholder's equity = $4,93,000

b. Assets = $13,65,000

c. Liabilities = $4,10,000

An accounting equation or simply a balance sheet equation represents the relationship between the assets, liabilities, and equity of an entity as:

[tex]\rm Assets = Liabilities + Equity[/tex]

On the basis of the accounting equation, the value of equity at the beginning of the year is:

[tex]\begin{aligned} \rm Assets &= Liabilities + Equity\\$8,45,000 &= $6,00,000 + Equity\\Equity &= $8,45,000 - $6,00,000\\Equity &= $2,45,000\end[/tex]

a. Calculation of the equity when assets increased by $177,000 and liabilities decreased by $71,000:

[tex]\begin{aligned} \rm Assets &= Liabilities + Equity\\\$8,45,000 + \$1,77,000 &= (\$6,00,000 - \$71,000) + Equity\\\$10,22,000 &= \$5,29,000 + Equity\\Equity &= \$10,22,000-\$5,29,000 \\Equity &= \$4,93,000\end[/tex]

The value of equity is $4,93,000.

b. Calculation of assets when total liabilities increased by $592,000 and stockholders' equity decreased by $72,000:

[tex]\rm Assets &= Liabilities + Equity\\Assets = (\$6,00,000 +\$5,92,000) + (\$2,45,000 - \$72.000)\\Assets = \$11,92,000 + \$1,73,000\\Assets = \$13,65,000[/tex]

The value of assets is $13,65,000.

c. Calculation of liabilities when total assets decreased by $90,000 and stockholders' equity increased by $100,000:

[tex]\begin{aligned} \rm Assets &=\rm Liabilities + Equity\\\$8,45,000 -\$90,000 &= \rm Liabilities + (\$2,45,000 + \$1,00,000)\\\$7,55,000 &= \rm Liabilities + \$3,45,000\\\rm Liabilities &= \$7,55,000 - \$3,45,000\\\rm Liabilities &= \$4,10,000\end[/tex]

The value of liabilities is $13,65,000

Therefore the solutions to the problem are $4,93,000, $13,65,000, and $13,65,000.

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Answer:

The statement is: False.

Explanation:

Tax Refund Anticipation Loans (RAL) is a loan given by third-party companies dedicated to file tax returns based on the expected tax refund they can receive. Individuals typically receive their tax return refund within some weeks after filing their tax returns. People with immediate money needs can see this as a solution to that problem but may imply big interest payments afterward.

Answer:it's C or D

Explanation: