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1 year ago

The difference between total assets of a firm and its total liabilities is called_______.

Business

1 answer:

Gnom [1K]1 year ago

4 0

The difference between the total assets of a firm and its total liabilities is called <u>net worth</u>.

Net worth is the value of all of your property, minus the whole of all your liabilities. Positioned every other manner, it's miles what you personal minus what you owe. If you owe extra than you own, you have got a bad internet worth. if you very own greater than you owe you will have a nice net well worth.

Net worth is the price of all of the non-economic and economic assets owned with the aid of a man or woman or group minus the fee of all its fantastic liabilities. Net actual worth is the cost of all assets, minus the whole of all liabilities. placed any other manner, internet well worth is what's owned minus what is owed.

The meaning of total assets is all of the property or objects of cost, a small commercial enterprise owns. Included in total belongings are coins, bills receivable (cash thanks to you), inventory, devices, equipment, and so on.

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Land and other real estate held as investments by endowments in a government's permanent fund should be reported at

VashaNatasha [74]

Complete Question:

Land and other real estate held as investments by endowments in a government’s permanent fund should be reported at

Group of answer choices

A. Historical cost.

B. Fair value less costs of disposal.

C. Fair value.

D. The lower of cost and net realizable value.

Answer:

C. Fair value.

Explanation:

Land and other real estate held as investments by endowments in a government's permanent fund should be reported at fair value of the reporting date except for the exception of life insurance contract, external investment pool, money market investment etc.

The fair value can be defined as the actual or real value of an asset, security, product or item in financial accounting.

5 0

3 years ago

Petrenko Corporation has outstanding 2,000 $1,000 bonds, each convertible into 50 shares of $10 par value common stock. The bond

cricket20 [7]

Explanation:

The Journal entry is given below :-

Bonds payable $2,000,000

To common stock $1,000,000

To Discount on common stock $30,000

To Paid in capital $970,000

The calculation of bonds payable, common stock is below:-

For bonds payable

= 2,000 × $1,000

= $2,000,000

For common stock

= 2,000 × 50 × $10

= $1,000,000

For paid in capital

= $2,000,000 - ($1,000,000 - $30,000)

= $970,000

4 0

3 years ago

Fresnas Designs Inc. is a company known for its quality interior decorations, customized service, and affordable prices. Given t

kicyunya [14]

Answer:

Earning Satisfactory Profits

Explanation:

Based on the information provided within the qeustion it seems that the management of Fresnas Designs Inc. bases its pricing policy on Earning Satisfactory Profits. This is basically when a company revolves all their decisions around trying to make a reasonable level of profits that is consistent with the level of risk that they face. Which is what Fresnas is doing by pricing their products reasonably as opposed to pricing them higher even thought hey can.

8 0

3 years ago

The ledger of Oriole Company on July 31, 2017, includes the selected accounts below before adjusting entries have been.

Katarina [22]

Answer:

July 31 Dr. Cr.

1. Interest Receivable $220

Interest Income $220

2. Cost of Goods Sold $4,100

Supplies $4,100

3. Rent Expense $1,050

Prepaid Rent $1,050

4. Salaries and Wages Expense $3,500

Salaries and Wages Payable $3.500

5. Depreciation $470

Accumulated Depreciation $470

6. Unearned Service Revenue $4,850

Serivce Revenue $4,850

7. Maintainance & repair Exp. $2,150

Maintainance & repair Payable $2,150

Explanation:

Interest Income from Note receivable = $22,000 x 12% x 1/12 = 220

Reduction in supllies will be adjusted in Cost of Goods Sold by $4,100 ( $22,500 - $18,400 ).

Monthly rent accrues = 4,200 / 4 = $1,050

Unpaid salaried are recorded as the Salaries and Wages Payable of $3,500

Depreciation per month = $5,640 / 12 = $470

Service revenue will b recognized and balance is transferred from unearned revenue to service revenue.

Maintenance and repair costs is recorded as as the maintenance and repair payable by $2,150.

4 0

3 years ago

Part 4: Marketing Strategy Describe the target market strategy for Lee’s business. Paint a very clear picture of who Lee will be

love history [14]

Answer:

Part 4

The focused on crowd would be secondary school and undergrads. Since the store is situated in the city, which is storage room to our present area according to given data. Focusing on youthful crowd would sure offer lift to deals.

Market entrance use organization current assets and abilities to pick up benefit. It is least dangerous as we should simply keep up piece of the overall industry in showcase. It is like focusing on the database or clients we as of now have, the individuals who will purchase the item when we dispatch it.

Market improvement advises us to catch new fragments and territory with the goal that we can build deal by focusing on new clients and at the same time growing organization branches to new areas.

An item improvement center around explicit objective crowd and more often than not it is made for existing clients. It use organization quality and convey explicit items to existing clients.

Broadening is the most dangerous technique as it requires market and item improvement. The market pattern is generally significant right now the organization can endure immense if the item neglects to catch showcase.

The technique is straightforward comprehend the requirements of crowd and afterward convey the item. For this undertaking we need to consider the fulfillment in the region, comprehend what they are offering and how might we beat them by giving better highlights at same or less expense.

Part 5 (since I don't have content that is being alluded, I will give general methodology that will work fine and dandy)

The execution thought would expect us to accomplice up with nearby stores from the start and request that they promote our items until we open new stores in that area. We can have separate area showing our items and structures and what make us novel from other in the market. We can put accentuation on how our image convey quality items and how they are useful for focused crowd. We can likewise select a salesman on most mainstream areas that will help instruct the clients about our item and its advantages. We can likewise actualize new arrangements for opening week like purchase 2 sets and get 40% rebate. We need to push comparative techniques to pick up consideration and afterward promoting our items to new crowd.

Part 6

To assess our system we have to accomplish our objectives in or before time. We need to assess edges and benefits for better outcomes. On the off chance that our methodology can bring new clients and we can hold them after some time. This will help support our development and afterward we can concentrate on catching various markets around there. This will help boosting our offer in the market.

6 0

3 years ago