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wolverine [178]
3 years ago
10

Apply the accounting equation to the following problem. Total assets of Charter Company equal $700,000, and its equity is $420,0

00. What is the amount of its liabilities? Format your solution as a whole dollar amount without the dollar sign, decimals, or a comma. Example: 1200
Business
1 answer:
natulia [17]3 years ago
6 0

Answer:

The amount of its liabilities is 280000

Explanation:

In a business balance we can see the following accounting equation

liabilities + owners' equity= assets

liabilities = assets -owners' equity

liabilities = $700,000-$420,000

liabilities = $280,000

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Suppose that when the price of a good is $15, the quantity demanded is 40 units, and when the price falls to $6, the quantity in
Paraphin [41]

Answer:

(A) -5/6

Explanation:

Price elasticity of demand = % change in quantity demanded ÷ % change in price

% change in quantity demanded = (60-40)/40 × 100 = 20/40 × 100 = 50%

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Price elasticity of demand = 50% ÷ -60% = -5/6

8 0
3 years ago
When some firms enter a perfectly competitive industry in which firms are earning an economic profit, the short-run industry sup
inn [45]

Answer: Supply curve -  Increases rightwards  

               Market Price - Falls  

               Economic Profit - Decreases

Explanation: Perfect Competition market structure is with large number of buyers & sellers , homogeneous products & uniform prices , perfect information and free entry and exit.

'Free Entry and Exit' implies - no firm earns super normal (economic) profits or abnormal losses in long run.                                                                        When firms are earning economic profits in short run, new firms enter (because of free entry) & the industry supply increase reducing price , which further reduces the super normal profits to normal profits in long run. Similarly - Abnormal losses make firms exit (freely), reduce supply & increase price , hence reducing abnormal losses & resuming normal profits.

7 0
2 years ago
Congress is investigating U.S. involvement in the civil war in Argentina. They demand the President turns over to them informati
kow [346]

Answer:

Executive privilege.

Explanation:

If the Congress is investigating U.S. involvement in the civil war in Argentina and they demand the President turns over to them information given to him or her by the State Department and the CIA. The president refuses, asserting the right of executive privilege.

The executive privilege is the assertion of the right to withhold certain information from the court or congress by the president.

It basically, provides immunity for the president from matters relating to foreign affairs, the military and national security.

3 0
3 years ago
Read 2 more answers
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Zigmanuir [339]

Answer:

The Whip

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According to my research on the process that every legislation goes through in order to proceed to the senate, I can say that based on the information provided within the question it is the job of The Whip to organize the votes. Formally known as the "assistant party leader", The Whip's primary job is to keep track and sum up the number of votes for and against a piece of legislation.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
2 years ago
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