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bonufazy [111]
3 years ago
8

A firm has net working capital of $1,770. long-term debt is $4,180, total assets are $11,830, and fixed assets are $3,910. what

is the amount of the total liabilities?
Business
1 answer:
Elanso [62]3 years ago
4 0

Net-working capital = $1,770

Long term debt = $4,180

Total Assets = $11,830

Fixed Assets = $3,910

Total liabilities Amount = ?

Total current Assets = Total Assets – Fixed Assets

$11,830 - $3,910 = $7,920

Current Assets - current liabilities = Net-working capital

Current liabilities = Current Assets - Net-working capital

=$7,920 - $1,770 = $6,150

Total liabilities = current liabilities + long term debt

=$6,150 + $4,180

=$10,330

Amount of the total liabilities is $10,330

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The balance sheet of Cattleman's Steakhouse shows assets of $85,900 and liabilities of $13,500. The fair value of the assets is
cestrela7 [59]

Answer:

$7,120

Explanation:

Given that,

Assets = $85,900

Liabilities = $13,500

Fair value of assets = $90,500

Fair value of its liabilities = $13,500

Amount paid to acquire all of its assets and liabilities = $84,120

Net assets:

= Fair value of assets - Fair value of its liabilities

= $90,500 - $13,500

= $77,000

Goodwill = Purchase consideration - Net assets

               = $84,120 - $77,000

               = $7,120

8 0
3 years ago
On November 1, 2018, ABC signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six mo
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Answer:

ABC

In recording the payment of the note plus accrued interest at maturity on May 1, 2019, ABC would: __________

Journal Entries:

May 1, 2019:

Debit Interest Payable $1,000

Debit Interest Expense $2,000

Debit Notes Payable $100,000

Credit Cash $103,000

To record the payment of the note plus accrued interest at maturity.

Explanation:

a) Data and Calculations:

November 1, 2018:

6% 6-month Note Payable = $100,000

December 31, 2018:

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May 1, 2019:

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Transaction Analysis on May 1, 2019:

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6 0
3 years ago
A firm has the production function y = min{x1, x2} + min{x3, x4}. This firm faces competitive factor markets where the prices fo
ANTONII [103]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

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3 years ago
Based on the following information, what is the Order Point? Lead Time = 3 Weeks Demand/Week = 200 Units Safety Stock = 1 Weeks’
4vir4ik [10]
I don't know by what you meant
4 0
3 years ago
A firm has current liabilities of $500, a current ratio of 1.5, and a quick ratio of 1.1. calculate the level of inventory for t
SCORPION-xisa [38]

The inventory level will be used by an inventory manager to regulate the optimal time for manufacturing, if they are handling a manufacturer's warehouse, or to demand more if the product is being stored as stock at a store.


To solve this:

Get first the Current Assets this solved by multiplying the current liabilities to the current ratio.

CA = $500 (1.5) = $750


Then get the inventory level by multiplying the current asset to the product of the current liabilities and quick ratio.

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4 0
3 years ago
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