Balance sheet equation states that:
Assets, A = Liabilities, L + Equity, E => A=L+E
In the current case,
L = Long term debt + Current liabilities = $8,675+$1,865 = $10,540
E = $14,865
Therefore,
A = 14,865 +10,540 = $25,405
Now,
Current assets (excluding cash) = current liabilities+Net working capital, other than cash = $1,865+$2,315 = $4,180
Additionally,
A = Fixed assets+Current assets (excluding cash) + Cash
Therefore,
Cash = 25,405-20,660-4,180 = $565
A. I believe the hare never catches up to the tortoise
B. The hare waited 50 minutes before walking
C. The tortoise won the race
You will need the Total Loan Cost Formula which is
(I'm having trouble attaching the graphic - I think the problem is with Brainly).
If nothing else, go to this web page.
It has a calculator and the formula.
http://www.1728.org/loanfrm4.htm
I get an answer of $6,238.70
Answer:
There are 2 cups in a pint is correct
