Saira's maid service began the year with total assets of $120,000 and stockholders' equity of $40,000. during the year the company earned $90,000 in net income and paid $20,000 in dividends. total assets at the end of the year were $215,000. how much are total liabilities at the end of the year?

Calculation of total liabilities at the end of the year:

To calculate total liabilities at the end of the year we need to calculate stockholders' equity at the end of the year as follows:

Stockholders' equity at the end of the year = stockholders' equity at the beginning of the year + Net Income – Dividends

Stockholders' equity at the end of the year = 40,000+90,000-20,000

Stockholders' equity at the end of the year = $110,000

Now using the accounting equation we can calculate total liabilities at the end of the year as follows;

Liabilities  =  Assets - Stockholders' equity

Liabilities  =  215000-110000

Liabilities  =  105000

Hence, total liabilities at the end of the year are $105,000

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

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