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3 years ago

Assets are 300,000 and equity is 100,000, assets increase 80,000 liabilities increase 50,000. what is equity at year end?

1 answer:

6 0

<span>Assets - equity = liabilities
So liability before the increase is:
300, 000 - 100, 000 = 200, 000
And if assets increases by 80, 000. Hence new assets = 380, 000. Liabilities increases by 50, 000; hence new liability = 250, 000.
New Equity = New Assets - New liability.
New Equity = 380, 000 - 250, 000 = 130, 000.</span>

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3 years ago

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2 years ago

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Answer:

The answer is: $18, 750

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2 years ago

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Answer:

a)J = 450,000 +(20% * C)

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c)J = 450000 + {20%* [250000+(50%*J)}

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3 years ago