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horrorfan [7]
3 years ago
10

On December 31 of the current year, the assets and liabilities of Tree, Inc. are as follows: Cash $30,000; Supplies, $600; Equip

ment, $10,000; Accounts Payable, $8,500. What is the amount of equity as of December 31 of the current year?
Business
1 answer:
sdas [7]3 years ago
4 0

Answer:

$32,100

Explanation:

We know that

Total assets = Total liabilities + Shareholder equity

Where,

Total assets = Cash + supplies + equipment

                    = $30,000 + $600 + $10,000

                    = $40,600

And, the total liabilities would be

= Account payable

= $8,500

So, the amount of equity would be

= $40,600 - $8,500

= $32,100

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Lerok [7]

The country that is being described in the statement given above is Hong Kong as they are considered as a newly industrializing country in which they have the capabilities of competing in regards with electronics and to specialize in the category of trade and banking.

5 0
3 years ago
​the key to being a good follower is to think for oneself and to work well without close supervision. this is referred to as ___
swat32
The answer is, "this is referred to as self-management".


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4 0
2 years ago
Answer Quick plz<br><br><br>How would you write $25.08 properly on a check?
postnew [5]

Answer:

you should write it just like it says

6 0
3 years ago
Which of the following is an internet tool that can notify you when people are talking about your company
Liula [17]

Answer:

Google Alerts

Explanation:

Google alerts is a notification services provided by google in order to detect how much a certain word or terms were being said on the web.

If you use Google alerts service, You can set up the name of your product or company as the key word and the alert will send you notification in case your product or company is mentioned in online conversation.

This service can be used to measure how well your company's reputation is within online communities.

6 0
2 years ago
Stock R has a beta of 1, Stock S has a beta of 0.45, the required return on an average stock is 9%, and the risk-free rate of re
insens350 [35]

Answer:

3.00%

Explanation:

Required return of a stock = Risk free rate of return + (average required return - Risk free rate of return) (Beta of the stock)

Required return of Stock R = 0.03 + [ (0.09 - 0.03) * 1)] = 0.09

Required return of Stock S = 0.03 + [ (0.09 - 0.03) * 0.45)] = 0.06

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3 years ago
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