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Aleonysh [2.5K]
3 years ago
15

Assets + liabilities = owner's equity is the fundamental bookkeeping equation. True False

Mathematics
1 answer:
storchak [24]3 years ago
4 0

Answer: The answer is FALSE.

Step-by-step explanation:  The given equation is

Assets + liabilities = owner's equity.

The given equation is FALSE. Because, the fundamental book keeping equation is defined and represented as follows:

The fundamental book keeping equation, also called the balance sheet equation, describes the relationship between the assets, liabilities, and owner's equity of a person.

The bookkeeping equation is given by

Assets = liabilities + owner's equity.

Thus, the given equation is FALSE.

You might be interested in
128 POINTS IF YOU HELP
Aleksandr-060686 [28]
(A) We let y = the cost and are told x = the number of people. Since you pay $20 per person, the cost is 20x. That is, y=20x

(B) Again, let the cost =y and the number of people is given as x. You pay $10 per person or 10x plus an additional $50 for the room. That is, y=10x+50

(c) Link to graphs: https://www.desmos.com/calculator but if that doesn't work see the attachment for a screen shot. You just have to put the equations (type them) at left and the graph comes automatically.

(D) The admission price is the same when the two equations are equal. You can find this by setting them equal to each other as such: 20x = 10x+50 and solving for x. However, since you just graphed them the point of intersection (where the lines share/have the same point) gives the information. Remembers that (x,y) = (people, cost). The graphs intersect at (5, 100) so for 5 people the cost is the same and the cost is $100.

(E) For the regular rate we let x = 6 and solve for y (the cost). We get y = 20x which is y = (20)(6)=120. It costs $120 using the regular rate to take 6 people. Now let's use the equation for the group rate again with x = 6. Here we get y = 10x +50 or y = 10(6)+50 = $110. The group rate costs $110.

(F) The cost is the same at 5 people but if there are more than five the group rate is better as we saw in part E. So the regular rate is better for less than 5 people.

(G) Here y = $150. Let us use the group rate formula and solve for x (the number of people). 10x+50 = 150 so 10x = 100 and x = 10. Since 10 is more than 5 this is the better deal. However if you don't believe it or want to double check we can solve for x using y = 150 and the regular rate equation. We get: 20x = 150 so x = 7.5 Since we can't bring half a person we would only be able to bring 7 and that is less than 10 so this is not the best choice. Use the group rate and bring 10 people!

8 0
3 years ago
Read 2 more answers
Evaluate the expression when X= -2 x^2 + 9x + 3
TiliK225 [7]

Answer:

-11

General Formulas and Concepts:

<u>Pre-Algebra</u>

Order of Operations: BPEMDAS

  1. Brackets
  2. Parenthesis
  3. Exponents
  4. Multiplication
  5. Division
  6. Addition
  7. Subtraction
  • Left to Right<u> </u>

Step-by-step explanation:

<u>Step 1: Define</u>

x² + 9x + 3

x = -2

<u>Step 2: Evaluate</u>

  1. Substitute in <em>x</em>:                                                                                                  (-2)² + 9(-2) + 3
  2. Exponents:                                                                                                        4 + 9(-2) + 3
  3. Multiply:                                                                                                             4 - 18 + 3
  4. Subtract:                                                                                                            -14 + 3
  5. Add:                                                                                                                   -11
3 0
3 years ago
A bakery finds that the price they can sell cakes is given by the function p = 580 − 10x where x is the number of cakes sold per
HACTEHA [7]

Answer:

A) Revenue function = R(x) = (580x - 10x²)

Marginal Revenue function = (580 - 20x)

B) Fixed Cost = 900

Marginal Cost function = (300 + 50x)

C) Profit function = P(x) = (-35x² + 280x - 900)

D) The quantity that maximizes profit = 4

Step-by-step explanation:

Given,

The Price function for the cake = p = 580 - 10x

where x = number of cakes sold per day.

The total cost function is given as

C = (30 + 5x)² = (900 + 300x + 25x²)

where x = number of cakes sold per day.

Please note that all the calculations and functions obtained are done on a per day basis.

A) Find the revenue and marginal revenue functions [Hint: revenue is price multiplied by quantity i.e. revenue = price × quantity]

Revenue = R(x) = price × quantity = p × x

= (580 - 10x) × x = (580x - 10x²)

Marginal Revenue = (dR/dx)

= (d/dx) (580x - 10x²)

= (580 - 20x)

B) Find the fixed cost and marginal cost function [Hint: fixed cost does not change with quantity produced]

The total cost function is given as

C = (30 + 5x)² = (900 + 300x + 25x²)

The total cost function is a sum of the fixed cost and the variable cost.

The fixed cost is the unchanging part of the total cost function with changing levels of production (quantity produced), which is the term independent of x.

C(x) = 900 + 300x + 25x²

The only term independent of x is 900.

Hence, the fixed cost = 900

Marginal Cost function = (dC/dx)

= (d/dx) (900 + 300x + 25x²)

= (300 + 50x)

C) Find the profit function [Hint: profit is revenue minus total cost]

Profit = Revenue - Total Cost

Revenue = (580x - 10x²)

Total Cost = (900 + 300x + 25x²)

Profit = P(x)

= (580x - 10x²) - (900 + 300x + 25x²)

= 580x - 10x² - 900 - 300x - 25x²

= 280x - 35x² - 900

= (-35x² + 280x - 900)

D) Find the quantity that maximizes profit

To obtain this, we use differentiation analysis to obtain the maximum point of the Profit function.

At maximum point, (dP/dx) = 0 and (d²P/dx²) < 0

P(x) = (-35x² + 280x - 900)

(dP/dx) = -70x + 280 = 0

70x = 280

x = (280/70) = 4

(d²P/dx²) = -70 < 0

Hence, the point obtained truly corresponds to a maximum point of the profit function, P(x).

This quantity demanded obtained, is the quantity demanded that maximises the Profit function.

Hope this Helps!!!

8 0
3 years ago
41,000.00 minus 23,000.00
inna [77]
18,000.00.This is the answer 

8 0
4 years ago
ALGEBRA evaluate each eapression if x= -3, y=8, and z=-12<br> y-10 <br> 12-z<br> 3-x<br> z-24
Vinvika [58]

Answer:

  • -2
  • 24
  • 6
  • -36

Step-by-step explanation:

Put the numbers in place of the corresponding letter and do the arithmetic.

  y -10 = 8 -10 = -2

  12 -z = 12 -(-12) = 24

  3 -x = 3 -(-3) = 6

  z -24 = -12 -24 = -36

6 0
3 years ago
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