A company reported total equity of $169,000 at the beginning of the year. The company reported $234,000 in revenues and $177,000 in expenses for the year. Liabilities at the end of the year totaled $104,000. What are the total assets of the company at the end of the year?
A. $104,000.
B. $57,000.
C. $234,000.
D. $330,000.
E. $122,000.
Answer: D
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Listed below are the activities of Tammy's Toy Store. Identify the level at which each activity would be classified in the cost hierarchy used with ABC. Indicate each activity as unit level (UL), batch level (BL), product level (PL), or facility level (FL). _____
a. Designing a new product _____ b. Using direct materials _____ c. Setting up equipment _____ d. Maintaining a building _____ e. Assembling the product _____ f. Receiving raw materials _____ g. Handling materials _____ h. Cleaning up processing area
[The following information applies to the questions displayed below.] Singleton Company's perpetual inventory records included the following information:Date Number of units and unit costTotal costJanuary 1Beginning inventory200 units @ $7.00$1,400 March 4Purchase150 units @ $8.00$1,200 September 28Purchase350 units @ $9.00$3,150 Number of units sold during the year: 520 If Singleton uses the weighted-average cost flow method, its average cost per unit would be $8.00.
Answer the following statement true (T) or false (F)
The maximum rate of interest for credit transactions is established by A) state law
B) federal law. C) the Federal Reserve Board. D) the FTC.
List at least three characteristics of authentic leaders.
What will be an ideal response?