Business
Business, 06.05.2020 00:41, queenkimm26

Inspirational Inc. is a motivational consulting business. At the end of its accounting period, October 31, 20Y2, Inspirational has assets of $685,960 and liabilities of $216,760. Using the accounting equation and considering each case independently, determine the following amounts: a. Stockholders' equity as of October 31, 20Y2. $ 469,200 b. Stockholders' equity as of October 31, 20Y3, assuming that assets increased by $108,380 and liabilities increased by $65,170 during 20Y3. $ 512,410 c. Stockholders' equity as of October 31, 20Y3, assuming that assets decreased by $54,190 and liabilities increased by $19,210 during 20Y3. $ -73,400 d. Stockholders' equity as of October 31, 20Y3, assuming that assets increased by $90,550 and liabilities decreased by $34,300 during 20Y3. $ e. Net income (or net loss) during 20Y3, assuming that as of October 31, 20Y3, assets were $864,310, liabilities were $140,620, and no additional common stock was issued or dividends paid. Net income $ 723,690

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 09:40, ameliaduxha7
You plan to invest some money in a bank account. which of the following banks provides you with the highest effective rate of interest? hint: perhaps this problem requires some calculations. bank 1; 6.1% with annual compounding. bank 2; 6.0% with monthly compounding. bank 3; 6.0% with annual compounding. bank 4; 6.0% with quarterly compounding. bank 5; 6.0% with daily (365-day) compounding.
Answers: 3
image
Business, 22.06.2019 11:00, HUNIXX6561
Samantha is interested in setting up her own accounting firm and wants to specialize in the area of accounting that has experienced the most significant growth in recent years. which area of accounting should she choose as her specialty? samantha should choose as her specialty.
Answers: 1
image
Business, 22.06.2019 12:00, lyn36
In mexico, many garment or sewing shops found they could entice many young people to work for them if they offered clean, air conditioned work areas with high-quality locker rooms to clean up in after the work day. typically, traditional garment shops had to offer to get workers to apply for the hard, repetitive, and somewhat dangerous work. a. benchmark competitive wages b. compensating differentials c. monopoly wages d. wages based on human capital development of each employee
Answers: 3
image
Business, 22.06.2019 14:00, lindjyzeph
The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:
Answers: 2
Do you know the correct answer?
Inspirational Inc. is a motivational consulting business. At the end of its accounting period, Octob...

Questions in other subjects: