(a) Greenway Co. has total assets of $600,000 and its owner's equity is equal to one third...
Question:
(b) May Company has liabilities of $280,000. The balance in C. May, Capital, is $130,000; in drawings, $40,000; revenues, $440,000; and expenses, $330,000. What is the amount of May Company's total assets?
(c) Ferreira Company has total assets of $90,000. The balance in Sharon Ferreira's Capital is $35,000; in drawings, $7,000; revenues, $55,000; and expenses, $45,000. What is the amount of the company's total liabilities?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 88% (9 reviews)
a 600000 600000 400000 Liabiliti...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles Part 1
ISBN: 978-1118306789
6th Canadian edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
Question Posted:
Students also viewed these Cost Accounting questions
-
Multiple Choice Questions 1. Refer to the information for Shackley above. Assume that one of the securities was solely responsible for the $ 600 unrealized loss and was responsible for $ 150 of the...
-
As of December 31, the company has total assets of $10,000 and total liabilities of $4,000. Future minimum payments on operating leases for which the company is the lessee are $600 per year for the...
-
Straub Diversified Company has five different operating segments. None of these segments makes sales to the other segments. The company has total assets of $155,000 at the end of 2007 and lists the...
-
A long, slender bar in the shape of a right circular cone with length L and base diameter d hangs vertically under the action of its own weight (see figure). The weight of the cone is W and the...
-
Assume that Johnny Johnson (manager of Johnson Company from PE 20-11) will only receive his managerial bonus if operating income is the same or higher in 2012 than in 2011 (according to the...
-
20.0 cm 3 of a metal hydroxide of concentration 0.0600 mol dm 3 was titrated with 0.100 mol dm 3 hydrochloric acid. It required 24.00 cm 3 of the hydrochloric acid to exactly neutralise the metal...
-
Two large, flat current-carrying sheets are placed parallel to each other, one sheet above the other. The upper sheet carries a current density of \(2.0 \mathrm{~A} / \mathrm{m}\) to the left, and...
-
Santana Mortgage Company uses a process cost system to accumulate costs in its Application Department. When an application is completed, it is forwarded to the Loan Department for final processing....
-
1. Let p and q be two positive numbers such that p + q = 2 and p + q = 272. Then p and q are roots of the equation: (a) x-2x+8=0 2. lim x 0 (sint)dt (b) x-2x+136=0 (c) x-2x+16=0 (d) x-2x+2=0 0
-
Based on a careful work study in the Hofstetter crop, the result shown in the following table have been observed: a) Compute the normal time for each work element. b) If the allowance for this type...
-
Match the following components with the best description below and indicate if the component is reported on the balance sheet (BS) or income statement (IS). 1. Assets 2. Liabilities 3. Owner's Equity...
-
Butler Company is owned by Rachel Butler. The company had total assets of $850,000 and total liabilities of $550,000 at the beginning of the year. Answer each of the following independent questions:...
-
Find the derivative of each function defined as follows. y = 3x 2 x/(2x 1) 5
-
A cat is running north for 25 m to get away from the dog. Then the cat turns down an alley at a 25 S of W and runs faster for 10.0 m. Finally, the cat makes one last turn and goes 16 m south and lost...
-
Which one of the following is least likely to be an objective of a cost accounting system? . OB. O C. O D. Product costing. Department efficiency. Sales commission determination. Inventory valuation.
-
A 1.00-km length of power line carries a total charge of 230 mC distributed uniformly over its length. Find the magnitude of the electric field 54.3 cm from the axis of the power line, and not near...
-
Discuss the influence of existentialist philosophy on the themes and characters in Albert Camus's "The Stranger" and Franz Kafka's "The Metamorphosis."
-
The distance from centre field to home plate is 100 m. Assuming that the ball is thrown at an inclination of 45.0 with the horizontal, with what speed must the ball leave the fielder's hand if it is...
-
Write a brief report giving the advantages and disadvantages of leasing a car. Determine all the individual costs involved with leasing a car. Indicate why you would prefer to lease or purchase a car...
-
Why should you not model a decision variable as a random variable with a probability distribution?
-
Chanticlerc Co. lent Sharp Inc. $100,000 cash in exchange for a five-year, 4% note on July 1, 2014. Interest is payable quarterly on January 1, April 1, July 1, and October 1 each year. Chanticlerc...
-
WAF Company's general ledger included the following accounts at November 30, 2014: Accounts payable ....................................... $145,500 Accounts receivable...
-
The financial statements of Maple Leaf Foods Inc. reported the following for the years ended December 31, 2011, 2010, and 2009. Financial Statement Data (in thousands of dollars)...
-
What are some scholarly sources that support the implementation of a case manager?
-
Review your own current processes relating to ER and IR within the organisation and identify three issues that can be improved upon.
-
A group of students working on a collaborative research project needs a centralized space to store and edit their documents. Which Teams feature should they primarily use?
Study smarter with the SolutionInn App