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
Define organization and explain three of the characteristics of organization. Give three examples of organizations, try to inclu
Mekhanik [1.2K]

Answer:

Organization is arranging or coordinating especially in a business, society, or association aspect. Examples of organization could be:

1. Arranging a group of people who work in specific studies

2. Taking books by their genre, and putting them together

3. The economic pyramid, is the perfect example of an organization. Defining society by class.

5 0
2 years ago
a. Create the most efficient way to move products from producer to consumer b. Create a network of suppliers, intermediaries and
schepotkina [342]

Answer:

a. producers-wholesalers-retailers-consume

b.

Explanation:

it is easy to cut cost of transport, storage ,etc

8 0
2 years ago
Which of the following statement(s) is(are) true regarding the selection of a portfolio from those that lie on the capital alloc
Mice21 [21]

Answer:II) More risk-averse investors will invest less in the optimal risky portfolio and more in the risk-free security than less risk-averse investors. III) Investors choose the portfolio that maximizes their expected utility.

Explanation:The capital allocation line is a line created in a graph by investors in an economy to display or identify the potential risks involved in taking risky decisions. This line is one the determining factors to ensure that the investor has adequate knowledge about the risky nature of a capital investment.

Investors generally choose portfolios that guarantee maximum profits with reduced chances of loss. More risk averse investor will choose or opt for less risky portfolio.

4 0
2 years ago
A decrease in input costs to firms in a market will result in a(n) _________________
shtirl [24]

Answer:

a) decrease in equilibrium price and an increase in equilibrium quantity.

Explanation:

As the input cost decreases for the companies the the supply of the goods increases hence the supply curve shifts rightwards.In the curve at the new equilibrium point the equilibrium price decreases and the equilibrium quantity increases.

Think it like if cost of creating anything is decreased for a company then the company will create more products .So there will be more products in the market.So to clear the products in the market the price will be reduced and the quantity of the product is more than before.

6 0
3 years ago
Le Place has sales of $439,000, depreciation of $32,000, and net working capital of $56,000. The firm has a tax rate of 34 perce
Dennis_Churaev [7]

Answer:

Explanation:

Sales$439,000

Profit Margin = 6% x $439,000 = $26,340

Tax liability = 34% x $26,340 = $8,956.

Cash flow from operations:

Net income $26,340

Add depreciation $32,000

Deduct net working capital changes -$56,000

Deduct tax liability $8,956

Cash flow from operating activities -$6,616

5 0
3 years ago
Other questions:
  • The purpose of posting is to?
    9·2 answers
  • Which of the following is an example of an illiquid asset?
    8·1 answer
  • Xie Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-
    10·1 answer
  • The balance sheet of Hidden Valley Farms reports total assets of $450,000 and $550,000 at the beginning and end of the year, res
    11·1 answer
  • If a company uses the balance sheet approach to estimate bad debt expense, bad debt expense for a period can be determined by: M
    14·1 answer
  • When you organize an analytical report indirectly, in what order should the ideas be presented?
    7·1 answer
  • George believes that internal marketing is important for a goods manufacturing firm. However, Erick believes that internal marke
    10·1 answer
  • Which term refers to an economic situation where the large amount of money in circulation creates continuous pressure to raise p
    8·2 answers
  • Determine which one of these three portfolios dominates another. Name the dominated portfolio and the portfolio that dominates i
    11·1 answer
  • The demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year. The demand is easily satisfied on
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!