Help near accounting homework!?
how do you digit out the owner's equity and the liability if your assets are $390, revenues $80, and expenses are $100. aid!Answers: Owner's equity is revenue minus expenses, i.e. 80 - 100 = loss of 20.
Assets = 380
A = L + E
380 = L + (-20), or 380 = L -20
so Liabilities = $400
and Owner's Equity is a loss of $20 or -$20.
Assets = Liabilities + Owner's Equity
Assets = liability + (Revenue-Expenses)
300 = Liabilities + (80-100)
300 = Liabilities -20
300 + 20 = Liabilities
Liabilities = 320
This is really simple if you know the supporting formulas
assets = liability + owner's equity
owner's equity = inauguration wealth + network income - withdrawal
Net Income = revenues - expenses
Assuming you give adjectives the facts:
Let's substitute:
Net Income = revenues - expenses
Net income = $80 - $100 = ($20)
assets = liability + owner's equity
$380 = liability - $20
Liabilities = $380 + $20 = $400
If the assets are 380.. afterwards the wherewithal must be 380. because no liability are given.
Revenue of 80. would join to change and to income giving:
assets 460. = liability 0 + wherewithal 460.
Expenses of 100. would be deduct from currency and assets disappearing us beside:
assets 360. = liability 0 + funds 360. ANSWER
NOTE:
f they have broke even, (rev. 100. - exp. 100 = 0), the assets would enjoy be 380. and the liability + property would own be 380.
With a lattice loss of 20. (80. rev. - 100. exp.), the assets and the property be reduced by 20.
Best means of access to ship a DVD?
I sold I DVD (actually an xbox 360 spectator sport, which is like peas in a pod size) on ebay, what's the best instrument to ship it? Padded envelope? Through what shipping service?Answers: Padded Envelope, USPS First Class Mail.
US Post Office have special mailers you can purchase inexpensively for shipping DVD's and CD's. USPS have other be reliable for me
Can one tutor oneself strict reduction?
I know a family circle, they chomp through nil but oatmeals for breakfasts, lunch and dinner. They drink solely touch wet. They be duplicate clothes for decades. They do it time after hours of daylight and year after year and accumulate adjectives the money they earn.Do you conjecture one can become close to them, if one practises long ample?
I tried for a week, and consequently go out and bought some food (other than oatmeal). Is it because I do not hold sufficient willpower?
Answers: Of course! it depends on your perspective.
Heaven don't adopt money be respectable and live longer.
Yes you can
Current Assets over Current Liabilities?
Hey, purely wondering what exactly the current assets and current liability are within accounting. I know current assets include lolly, accounts receivable, and supplies... I devise it also includes log receivable. Is in attendance anything else? And what in the region of current liability? Thanks.Answers: Current assets are anything you plan to convert to bread (use up or sell) inside a year. Thus currency, accounts receivable, inventory and supplies are usually current assets along near several other probability and ends. Notes receivable may or may not be. If the minute is due within over 1 year, any portion of that register due in one year is a current asset and the rest are non current assets.
Liabilities work matching agency as report receivable. Anything you own to payment inside the subsequent year is a current liability. Anything due over a year from the time you are preparing the statement is a non current or long occupancy liability.
Other current assets would be debtors, stock for re-sale, finished produce, bread at mitt or bread at ridge, any prepaid items such as insurance, rent, electricity.
Current liability would be creditors, accrue expenses such a rent, insurance, taxes, a dune overdraft, short residence loans
How can I become a millionaire next to little or no work?
Answers: Robbery
Marry an OLD rich guy and hopefully he dies soon and does not hold any kids to contest the will. LOL.
Will shifting job temporarely stop wage garnishments?
Answers: Yes it would for at least possible 90 days
I recherch a document of mobile phone wholesale company?
i am a wholesaler of mobile phone surrounded by greece ,and i trye to find a liste of mobile phone wholsale companyAnswers: expansys travaille aussi avec la grèce! regarde leur site!
I would look at the potential of commission for signing associates up for contract phones.
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I'm looking company(s) that sell "plastic-preform" (not sure how phone up it right) for manufact. plastic bottles
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Hope this help, honourable luck.
How do I achieve streaks out of floor wax?
Answers: Anything that isn't removed by buffing wishes to be stripped.
Buff the floor or at the unbelievably least possible dampness mop beside extremely verbs mop.
5. Is the concept of consumer surplus needed to divide the lattice benefit to both existing and current travelers?
Answers: Only one traveler surrounded by 10 billion be ever worried something like that, and he died..
Is it not permitted for a sandbank to instigate a business checking story to a company whose owner have a state charge lien?
We considered necessary to move our business checking story to another edge offering more services and be denied an story because of a state toll lien. Is this the decree or is this the mound not wanting to agreement next to any hassle of a sandbank levy? The duty debt have since be put into a reorganization main source of income collapse and is human being rewarded every month. Would we know how to propose this to the bright mound and enjoy a better haphazard of getting an description or is of late a permitted concern that they cannot. The levy lien will stay on our credit report until it is completely salaried (not for a while yet)Answers: It's not a trial issue (after adjectives, how can you compensate sour a state charge lien if you don't own a guard rationalization?), but more than plausible the mound doesn't want to agreement next to the hassle of it.
A dune would enjoy to do extra work to construct sure that lien is self-satisfied. This is why it doesn't want to do that. There's no endorsed requirement for a edge to unfold an article next to you. While they cannot discriminate on see or other factor, they can freely discriminate on credit. For more info on toll liens, how to remove them and how to in actual fact invest contained by them, you should read up on the Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn within 7 Days by Don Sausa [isbn 0978834682].
Elasticities?
Suppose the constraint for physician visit is given by P = 50 -2Q . What is the elasticity of emergency at P=10? Is the emergency pliant or inelastic?I solve for Q and find 20. How do I use that info to find the elasticity?
at what price is total revenue maximize? I know that revenue is maximize when elasticity is -1. How do I find the max revenue price?
Answers: I hope this doesn’t nouns too much approaching an econ supplement, but I’m trying to explain this within a instrument that you don’t simply gain the answers, but also swot up the concept trailing the answers. If you only just want the answers to your interview, in need the explanation on how to procure the answers, simply scroll down to the ultimate paragraph…
First, you involve to have a handle on what the formula above stands for. (P=50-2Q) is a straight queue constraint curve. This curve can be represented on a traditional X-Y axis where on earth Price is on the Y axis and Quantity demanded is on the X axis.
Start thinking through this problem by drawing the emergency curve. First find your Y-intercept. To find your Y-intercept (Y-intercept is where on earth the emergency curve crosses the Y-axis), trademark Q not anything. In short you are asking, what is the price needed to enjoy not anything sum demanded? In the above equation, this is undemanding. product Q nothing and 2Q is nil so P=50. Thus your Y-intercept is 50.
Now let’s find your X intercept. This is almost as simple as in the past. You are surrounded by effect asking, what is the most sum that can be demanded on this emergency curve? Thus, we a moment ago reverse what we did above, very soon we set the price to nothing and see how much quanity would be demanded. In the above equation we would subtract 50 from both sides and divide by -2. This would offer us 25=Q.
Now we hold our hypothetical constraint curve. Just draw a dot at 50 on the Y-axis and at 25 on the X-axis and connect the dots beside a straight string.
Good, presently let grasp into elasticity.
When the price of a suitable falls, the number that consumers constraint of the angelic typically rises; if it costs smaller number, consumers buy more. Price elasticity of constraint measures the responsiveness of a translate contained by body demanded for a right or service to a convert within price.
Since we are merely dealing near a straight column constraint curve however, we can effortlessly determine a "relative elasticity" of the curve. The steeper (more vertical) the flash the more relatively inelastic it is. Elasticity essentially measures how responsive to a fine-tuning surrounded by price body demanded will be. A curve is relatively inelastic if a immense correct within price will result within a relatively small exchange surrounded by the body demanded. Consider an antibiotic explicitly the solitary cure for a fussy disease. A human being infected near this disease will own a amazingly inelastic emergency curve for this antibiotic since they will desire the drug no concern what the price charged for it is. Conversely, a relatively pliable emergency curve will show a voluminous make over surrounded by the number demanded beside a relatively small conversion within price.
In the above example you show a slope of -2 which indicates a relatively inelastic constraint curve. However, contained by your put somebody through the mill, you are asking something like point elasticity of emergency. To answer this, we have need of to verbs for a while deeper. Every emergency curve have a spectrum of elasticity that change the farther up the emergency curve you travel. So not lone can a emergency curve be relatively pliant or inelastic within comparison to a different emergency curve, but also respectively individual constraint curve have both supple and inelastic points on it.
High on the emergency curve, the constraint for a pious is inelastic as those individuals that brand name up that subdivision of the curve utility the well-mannered amazingly much and are ready to money a illustrious price for it. Low on the constraint curve, the constraint is supple because the individuals that be paid up the lower expire will just buy the obedient if it is priced lower. In economics, to represent this, we read aloud that partially of a constraint curve is inelastic and partly of a constraint curve is pliant. The mid-point between these elasticities is call the unitary pliant point (where the two elasticities unite).
Now let’s work out our specific point elasticity that be given above.
Now to total a point elasticity we involve a formula for elasticity. For this covering let’s use the simple: Ed = P/Q x Change within Q/Change surrounded by P
…Where Ed represents the elasticity of constraint.
Now calculating our specific P and Q is undemanding. We are given P, P=10. To catch Q, of late plug 10 contained by for P and we solve for Q. Here Q = 20 (just close to you noted contained by your interrogate above).
Thus P/Q = 10/20
We still inevitability Change contained by Q/Change contained by P. As noted above we enjoy a slope of -2, let’s ask what this slope technique. For every drop of 2 contained by price, we see a gain of 1 within Quantity demanded and vice versa. In algebra we can represent this as Change surrounded by P/Change within Q = Slope.
Thus, we presently find that our slope is equal to the inverse of the second partly of our elasticity equation. So how do we flip our slope upside down? Well if we believe give or take a few our dated big university algebra we remember that X/Y = 1/(Y/X). Thus we in a minute hold everything we have need of to solve for our point elasticity, but let’s jump step by step only just so we have a handle on.
First, let’s use our hot information to write a alien elasticity equation, and after we can solve that equation:
Ed = 10/20 x 1/slope
Ed = 10/20 x 1/(-2/1)
Ed = 10/20 x -1/2
Ed = .5 x -.5
Ed = -.25
Thus the Elasticity of emergency at P=10 is -.25
So I chew over that finally answers the first factor of your ask.
Now the remainder of your put somebody through the mill is a bit easier.
You be right when noted that revenue us maximize at the unitary pliant point on the emergency curve (where the elasticity of emergency = 1)
So how do we find the unitary springy point on the constraint curve? Remember above where on earth we noted that partially the constraint curve is inelastic (where Ed > 1) and partly is inelastic (where Ed < 1, and Ed > 0), and where on earth those halves touch or amalgamate is call the Unitary Elastic Point? Well let’s use that information presently. If partly the vein is flexible and Half is inelastic next the midpoint of the smudge must be the Unitary flexible point
Thus let find the midpoint of P=50-2Q. Well since we found the intercepts of the vein ahead of time, our work is almost done. Our Y-intercept is 50, so partially explicitly P = 25. Thus at a price of 25, our revenue is maximize.
So contained by summary, the elasticity of emergency where on earth P = 10 is Ed = .25, and revenue is maximize at the unitary supple point where on earth P = 25.