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
What does an investment bank do?
kow [346]
<span>An investment bank is a financial institution that assists individuals, corporations, and governments in raising financial capital by underwriting or acting as the client's agent in the issuance of securities.</span>
7 0
3 years ago
Read 2 more answers
Baldwin currently has $17,334 (000) in cash and management has decided to issue stocks and bonds worth an additional $8,000 (000
S_A_V [24]

Answer:

d) Purchasing $18,000 (000) worth of plant and equipment

D. As the cost are forecast they can change over the course of the expansion making possible to be above budget. This may lead to an emergency loan if the cash flow and inflow of the company are don't go as planned which could be the case during a project of this magnitude.

Explanation:

<em>Missing information:</em>

a) A $5 dividend

b) Liquidate the entire inventory

c) Retiring the oldest bond

d) Purchasing $18,000 (000) worth of plant and equipment

------------------

A) dividends would not be the cause as they are determinated by the company they can chose not to declare it.

B) lquidate the inventory means selling and not replenish. This generates cash it doesn't use cash

C) re-rolling the debt (by issuing new bonds) is a course of action planned and that in hte end will not affect the cash of the company as will be paying the bonds and receiving from the new bonds thus the changes in cash would be controlled.

D. As the cost are forecast they can change over the course of the expansion making possible to be above budget. This may lead to an emergency loan if the cash flow and inflow of the company are don't go as planned which could be the case during a project of this magnitude.

5 0
3 years ago
Why has the use of polling increased greatly in america? what are the negative aspects, if any?
Lostsunrise [7]
The utilization of Polling has expanded because of innovation which makes it less expensive and more broadly utilized. policy makers also uses the polling to stay in contact with changing sentiments on the issues. Polling can have negative aspect in light of the fact that it makes the politicians more worried about getting the vote as opposed to taking the ethical stand.
5 0
3 years ago
If a small company invests its annual profits of $150,000 in a stock fund which earns 18% per year, the amount in the fund after
kenny6666 [7]

Answer:

the amount in the fund after 10 years will be $785,075.04

Explanation:

The computation of the amount after 10 years is shown below"

As we know that

Future value  = Present value × (1 + rate of interest)^number of years

= $150,000 × (1 + 0.18)10

= $785,075.04

Hence, the amount in the fund after 10 years will be $785,075.04

5 0
3 years ago
Meat Puppets Company purchased equipment for $7,200 on December 1. It is estimated that annual depreciation on the equipment wil
Akimi4 [234]

Answer: Debit Depreciation Expense, $150; Credit Accumulated Depreciation, $150

Explanation:

Depreciation is the decrease in fixed assets for use. At the end of each year the amount corresponding to the use of the assets is carried to accounting expenses, crediting the accumulated depreciation as a counterpart.

In this case it is only one month of depreciation, therefore if we know that annually the asset is going to depreciate US $ 1800, between twelve months it would be US $ 150, which would be due to expenses and credited to accumulated depreciation.

5 0
3 years ago
Other questions:
  • E11-22A (similar to) Question Help The Garver Restaurant Group manufactures the bags of frozen French fries used at its franchis
    6·1 answer
  • Which type of decision maker tends to choose the first available option in haste
    11·1 answer
  • A method of estimating land value in which the net operating income attributable to the land is isolated and capitalized to prod
    10·1 answer
  • Cash flows It is typical for Jane to​ plan, monitor, and assess her financial position using cash flows over a given​ period, ty
    9·1 answer
  • One of the ways Mark and Sue can prevent having a balance due next year is to use the Tax Withholding Estimator at IRS.gov and t
    9·2 answers
  • Why might one doubt that current forms of digital money, such as Bitcoin, will replace more traditional fiat currencies?
    5·1 answer
  • In Year 1, Lee Inc. billed its customers $62,000 for services performed. The company collected $51,000 of the amount billed. Lee
    15·1 answer
  • Luke is an ordained minister. Luke's salary from his employing church last year was $31,000. The church did not designate any of
    15·1 answer
  • A(n) ___, the least severe
    13·1 answer
  • WILL MARK BRAINLIEST
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!