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
TEA [102]
3 years ago
6

Molly liquidates her catering business. She is left with $20,000 after selling all the assets and settling the liabilities. In t

his case, the amount of $20,000 represents the_______.
Business
1 answer:
Firdavs [7]3 years ago
8 0

Answer:

In this case, the amount of $20,000 represents the owner's equity.

Explanation:

Assets:

Assets are the items that are own by a business. Examples of assets are inventory, machinery, company owned vehicles etc.

Liabilities:

Liabilities are the items a business owes to others. Examples of liabilities are bank dept, taxes, mortgage debt etc.

Equity:

Owner's equity is also known as net assets refer to the owner share of assets when the liabilities are paid off.

The relation between Assets, liabilities and owner equity are represented in a equation as:

Assets = Liabilities + Owner Equity

You might be interested in
a company incurred the following costs: Selling and administrative expenses: $45,000; Direct materials: $15,000; income tax expe
Aloiza [94]

Answer:

Cost of good manufactured= $50000

Explanation:

Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.

Generally accepted accounting principles require that the cost of goods sold shall consist of:

the cost of direct materials

the cost of direct labor

the cost of manufacturing overhead

<u>Expenses that are outside of the manufacturing facilities, such as selling, general and administrative expenses, are not product costs. </u>They are reported as expenses on the income statement in the accounting period in which they occur.

In this exercise:

<u>Cost of goods manufactured:</u>

Direct materials= $15000

Direct Labor=$30000

Factory overhead=$5000

Total= $50000

4 0
3 years ago
Rosie's flowers company in tulips, ohio, uses an e-commerce software program on its website to allow customers to enter their ow
Anna71 [15]
<span>Rosie's Flowers Company follows a B2C model. This is also known as a business to consumer model. It is when a business has transactions that are directly between the company and the consumers. The consumers are the end users of the products or services.</span>
5 0
3 years ago
If net investment is zero, then Group of answer choices 1. gross investment is greater than depreciation. 2. gross investment eq
Marat540 [252]

Answer:

2. gross investment equals depreciation.

Explanation:

Following Examples is supporting the answer:

Gross investment = $1.3 million.

Depreciation = $1.3 million

Gross Investment = Depreciation

$1.3 million = $1.3 million

Net investment = $1.3 million - $1.3 million = 0 million

Hence proved that Net investment will be zero if gross investment equals depreciation.

4 0
3 years ago
For a risk-free return rate of 5%, a market risk premium of 6%, what is the required rate of return for a security with a beta c
adoni [48]

Answer:

14%

Explanation:

required rate of return = risk free rate of return + ( risk premium x beta)

5% + 1.5 x 6% = 14%

3 0
3 years ago
By referring to the attorney by his title but calling other employees by their first names, the law firm is transmitting their o
Nesterboy [21]

Answer:

A.material symbols

Explanation:

When conveying culture through material symbols, the organisation communicates the profile of someone who is important, the expected behaviours, and traits that give degree of equality in the organisation.

By addressing the attorney by his title the message conveyed is that the attorney's status is something that every employee should strive to achieve, so that they earn the right of equality (to be called by their title).

5 0
3 years ago
Other questions:
  • Vladimir is a manager at Auttowort Inc., an automotive plant in the United States. Auttowort has started expanding to other coun
    5·1 answer
  • Who might benefit from using a functional resumé?
    9·1 answer
  • Goals that someone else sets for you are more motivational than goals you set for yourself.​ question 1 options:
    13·1 answer
  • Barton Industries expects that its target capital structure for raising funds in the future for its capital budget will consist
    12·1 answer
  • explain how the substitution effect in the income effect interact with changes in price to change the quantity of demand
    6·1 answer
  • Sometimes a risk assessment report is prepared for a specific IT project at the request of the project manager, either because i
    14·1 answer
  • Dilthium batteries is a division of enterprise corporation. The division manufactures and sells a long-time
    13·1 answer
  • Suppose that a worker in Radioland can produce either 4 radios or 1 television per year, and a worker in Teeveeland can produce
    15·1 answer
  • Over the last 50 years, family income has become __________ in explaining the educational achievement gap
    7·1 answer
  • The average annual return form stock investments historically is: a) 11.3% b) 12% c) 12.5% d) 20$​
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!