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
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.

You might be interested in
When you catch a fast-moving baseball with your bare hand, a good idea is to catch it so that your hand stops it?
jarptica [38.1K]
You want your hand to "give" a bit when you catch the ball. You don't want want the ball to come to a hard stop because that would risk hurting your hand.
4 0
3 years ago
A company is analyzing whether its employees prefer to skip their lunch break and leave a half-hour early each day or take a lun
spayn [35]

The results are inconclusive; Therefore a generalization cannot be made regarding which option is selected more often.

What is generalization and why is it important?

The ability to carry out a task, engage in an activity, or exhibit behavior in many contexts, with various people, and at various times is known as generalization. We have "generalized" the necessary skills, which explains why we can carry out routine tasks in a range of contexts and settings.

How can generalization be improved?

Using a network that is just big enough to achieve a good fit is one way to enhance network generalization. The ability of a network to perform more complicated functions increases with network size. The network won't have the strength to overfit the data if it is tiny enough.

Learn more about network size: brainly.com/question/1825455

#SPJ4

6 0
1 year ago
Tyrone has three options on how to spend his saturday afternoon: to go out with friends, watch a movie, or wash his car. tyrone'
Ilia_Sergeevich [38]

If Tyrone has three options on how to spend his saturday afternoon: to go out with friends, watch a movie, or wash his car. tyrone's opportunity cost of washing his car would be: the value of going out with friends OR watching a movie

<h3>What is opportunity cost?</h3>

Opportunity cost can be defined as an way in which alternative is forgone because another alternative was chosen.

Based on the given scenario the opportunity cost will be the value of going out with friends or the value of watching a movie.

Therefore the correct option is D.

The complete question is:

Tyrone has three options on how to spend his Saturday afternoon: go out with friends, watch a movie, or wash his car. Tyrone's opportunity cost of washing his car would be:

a) the value of going out with friends.

b) the value of watching a movie.

c) the value of going out with friends AND watching a movie.

d) the value of going out with friends OR watching a movie.

Learn more about Opportunity cost here:brainly.com/question/481029

#SPJ1

6 0
1 year ago
Which of the following is not an example of a legal barrier to entry? Group of answer choices a public franchise economies of sc
LuckyWell [14K]

Answer:

The answer is economies of scale .

Explanation:

Government license, patents and public franchise are all forms of legal barriers that prevents new entrants from copying, imitating or entering the market. However, economies of scales are a economic barrier that arises due to the scale of operations of a firm and is not a legal barrier.

3 0
3 years ago
A corporation issued 2,500 shares of its no par common stock at a cash price of $11 per share. The entry to record this transact
Rus_ich [418]

Answer:

B. Debit cash $27,500 ; Credit common stock $27,500

Explanation:

The journal entry to record the transaction is;

Cash account Dr $27,500

(2,500 shares × $11)

To Common stock account Cr $27,500

Cash is an asset hence debited because it decreases as it was used to pay for bills while common stock is credited because it increases shareholder's equity.

5 0
3 years ago
Other questions:
  • Technical skills: A. help you understand the potential and the limitations of information technology. B. help you work with end
    6·1 answer
  • According to the classical dichotomy, when the money supply doubles, which of the following also doubles?
    7·1 answer
  • Houseman, Inc. anticipates sales of 57,000 units, 55,000 units, and 58,000 units in July, August, and September, respectively. C
    12·1 answer
  • Discuss the corporate control of your business. Explain why your business in Mexico is exposed to agency problems
    10·1 answer
  • McDonald’s pressed on with the strategic plan of offering all-day breakfast in spite of initial struggles because strategic deci
    7·1 answer
  • Saira, Inc. has the following income statement (in millions): SAIRA, INC. Income Statement For the Year Ended December 31, 2017,
    10·1 answer
  • You are going to deposit $26,000 today. You will earn an annual rate of 6.1 percent for 11 years, and then earn an annual rate o
    5·1 answer
  • The approach to estimating project time and cost that begins with an overall estimate for the project and then refines estimates
    7·1 answer
  • The budgeted variable selling and administrative expense is calculated by multiplying the budgeted unit sales by the variable se
    7·1 answer
  • Kohl’s is addressing the increasing importance of technology in the retail experience by investing in.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!