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Ronch [10]
3 years ago
6

Maxwell and Smart are forming a partnership. Maxwell is investing a building that has a market value of $84,000. However, the bu

ilding carries a $52,000 mortgage that will be assumed by the partnership. Smart is investing $28,000 cash. The balance of Maxwell's Capital account will be:
Business
1 answer:
joja [24]3 years ago
5 0

Answer:

$32,000

Explanation:

Calculation for the balance of Maxwell's Capital account

Using this formula

Assets =Liabilities-Owner's Equity

Where,

Liabilities =$84,000

Owner's Equity=$52,000

Let plug in the formula

Assets =$32,000

Therefore the balance of Maxwell's Capital account will be $32,000

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Deffense [45]

The sentence that shows the disadvantage of a questionnaire is option D. The sample of individuals who respond may not be representative of the population.

<h3>What is a questionnaire?</h3>

A questionnaire is a set of printed or written questions with a choice of answers, devised for the purposes of a survey or statistical study.

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6 0
2 years ago
Suppose that the current value of all of a mutual fund's holdings is determined to be $750 million. The fund's liabilities are $
rusak2 [61]

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Explanation:

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3 0
3 years ago
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IRINA_888 [86]

Answer:

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4 0
3 years ago
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mote1985 [20]

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