1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nikolay [14]
3 years ago
8

A firm has fixed assets of $28,000, long-term debt of $12,000, current liabilities of $4,000, current assets of $5,000 and equit

y of $17,000. What is the total of the assets side of the balance sheet of the firm
Business
1 answer:
SVEN [57.7K]3 years ago
8 0

Answer:

$33,000

Explanation:

assets = liabilities + stockholders' equity

assets include current assets + non current or fixed assets = $5,000 + $28,000 = $33,000

liabilities and stockholders' equity include current liabilities + long term liabilities + equity = $4,000 + $12,000 + $17,000 = $33,000

both sides of the accounting equation must always be equal, that is meant by balance.

You might be interested in
When assessing the value of a business, is most important.
Mademuasel [1]
When it has a strong demand from consumers and slightly more supply then it's demand. And of course, if the company is more famous, provides good quality service, and has little down peak of it's business.



I hope it helped you!
7 0
3 years ago
Read 2 more answers
At the end of its first year, the trial balance of Ivanhoe Company shows Equipment $30,600 and zero balances in Accumulated Depr
Bas_tet [7]

Answer:

Dr Depreciation Expense $3,620

Cr Accumulated Depreciation-Equipment $3,620

Explanation:

Based on the information given we were told that the company had zero balances in both Accumulated Depreciation -Equipment as well as the Depreciation Expense in which the Depreciation amount for the year is estimated to be $3,620 which means that the adjusting entry for depreciation at December 31 will be recorded as:

Preparation of Journal entry

Dec. 31

Dr Depreciation Expense $3,620

Cr Accumulated Depreciation-Equipment $3,620

5 0
3 years ago
The arrival of personal computer technology gave rise to client server networks that replaced traditional mainframe and minicomp
pishuonlain [190]

Answer:

The correct answer is letter "B": technological paradigm shift.

Explanation:

A paradigm shift takes place when the is a change in the methods and practices that were traditionally used and were conceived as main references due to the introduction of new ideas. Technological paradigm shifts are those caused by the creation of new technology that abruptly alters the market.  For instance, the introduction of e-mails replaced faxes and courier services for mailing.

6 0
3 years ago
Physician, veterinarian, and medical laboratory careers are all in the _____ Career Cluster. Government and Public Administratio
Olin [163]

Answer:

health science

Explanation:

took the test

7 0
2 years ago
Why are some economists concerned about the proliferation of regional trade agreements? regional trade agreements terms can conf
d1i1m1o1n [39]
Here are several reasons why economists are concerned about the <span>proliferation of regional trade agreements:
- </span><span>Regional trade agreements terms can conflict with those of the WTO 
- </span><span>Regional trade agreements may limit trade from outside the regions in agreement 
Regional trade agreements basically could make the economy within a certain region became secluded from other countries and may raise the price of certain commodities.</span>
7 0
3 years ago
Other questions:
  • A job order cost system uses a predetermined factory overhead rate based on expected volume and expected fixed costs. At the end
    7·2 answers
  • Provide an example of software that may be used to maintain financial records, and identify advantages of using it over maintain
    14·1 answer
  • The constraint at Rauchwerger Corporation is time on a particular machine. The company makes three products that use this machin
    9·1 answer
  • A partner's interest: a. is the same as the partnership property. b. cannot be attached by creditors. c. cannot be transferred.
    9·1 answer
  • Lee sun's has sales of $3,650, total assets of $3,350, and a profit margin of 5 percent. the firm has a total debt ratio of 41 p
    10·1 answer
  • Economic facts in terms of number are known as​
    6·1 answer
  • mackenzie burrows $300 000 from the bank on a 30 year mortgage. she is given an interest rate of 5.125% apr. how much in total i
    12·1 answer
  • During which phase of the strategic marketing planning process are managers evaluated on their actions from a conscious marketin
    14·1 answer
  • Difine the following <br>1 operetional cost <br>2 social cost and <br>3 complementary goods​
    14·1 answer
  • After Josh bought his first pair of Nike basketball shoes he was pleased that he did. He likes how the shoes provide support and
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!