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muminat
3 years ago
12

A company's balance sheet shows: cash $28,000, accounts receivable $34,000, equipment $58,000, and equity $76,000. what is the a

mount of liabilities?
Business
2 answers:
fredd [130]3 years ago
7 0
The amount of liabilities is $196,000
spin [16.1K]3 years ago
5 0

Answer:

Assuming the company's balance sheet is only comprised of the given items, the amount of liabilities will be $44,000

Explanation:

We apply the Basic Accounting Equation to show the problem.

We have:

Total Assets = Total Liabilities + Total Equity <=> Total Liabilities = Total assets - Total equity.

In which:

Total asset = Cash + Account Receivables + Equipment = 28,000 + 34,000 + 58,000 = $120,000;

Total equity is given at $76,000

=> Total Liabilities = $120,000 - $76,000 = $44,000.

So, the answer is $44,000.

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Burger Boy Restaurant Corporation allows its trademark to be used as part of a domain name for BurgerBoyNY, Inc., an unaffiliate
Yuri [45]

Answer:

A License

Explanation:

Burger Boy Restaurant Corporation allows its trademark to be used as part of a domain name for BurgerBoyNY, Inc., an unaffiliated company. Burger Boy NY does not obtain ownership rights in the mark. This is a license. When one firm gives its rights to another firm under this type of contract, the ownership rights always remains with the parent company and licensee can't have ownership rights, they can use only the name and products of that parent company to the customers, but ownership held with the parent company. For example, when KFC and McDonald's gives the right to make and sell their products all over the world, the ownership rights are always reserved with the parent company.

3 0
3 years ago
The merger of two firms producing personal computers is an example of a __________ merger. Group of answer choices
jasenka [17]

Answer:

Horizontal merger

Explanation:

The merger of two firms producing personal computers is an example of a horizontal merger

A horizontal merger is a merger or business collaboration that happens between firms that operate in the same industry. The products being sold are similar and in the same market

4 0
3 years ago
What were the goals of the truman doctrine and marshall plan?
Colt1911 [192]
The goal was to help rejuvenate Europes among with other countries economic, political, and social status and to build them back up after WWII, not only that but it was more of. Humanitarian deed, to help those in need and to help them rebuild their lives.
3 0
2 years ago
Here I Sit Sofas has 7,100 shares of common stock outstanding at a price of $94 per share. There are 600 bonds that mature in 30
Zinaida [17]

Answer:

Weight of debt = 57.83 %

Explanation:

given data

number of shares =  7,100

price = $94 per share

number of bonds = 600

mature time = 30 year s

coupon rate = 6.8 percent

bonds par value = $2,000

sell = 108.5 percent

stock outstanding = 6,000 shares

stock outstanding price = $47 per share

to find out

capital structure weight of the debt

solution

first we get here Equity market value that is express as

Equity market value = number of shares × price per share

Equity market value = 7100 × $94

Equity market value = $667,400

and  

current debt value will be here as

current debt value = number of bonds × price per bond

current debt value = 600 × (1.085 × 2000)

current debt value = $1,302,000

and now Preferred stock value will be

Preferred stock value = stock outstanding × stock outstanding price

Preferred stock value = 6,000  × $47

Preferred stock value = $282000

and total capital will be as  

Total capital = Equity market value + current debt value + preferred stock value ..................1

put here value

Total capital =  $667,400 +  $1,302,000 + $282000

total capital = $2251400

so here Weight of debt will be

Weight of debt = debt value ÷ total capital ..............2

Weight of debt = \frac{1,302,000}{2251400}

Weight of debt = 0.578306

Weight of debt = 57.83 %

6 0
3 years ago
Bjorn felt that the focus groups did not give him enough quantitative information to make a decision, so he directed his manager
klio [65]

Answer:A

Explanation:

Veracity : This simply means conformity with truth or facts. Since Bjorn felt that the focus group did not give him fact, he would hereby, adopt veracity to achieve his secondary research.

4 0
3 years ago
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