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tigry1 [53]
3 years ago
9

Bravo's complete assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,200, Prepaid Rent $

2,000, Supplies $400, Bank Loan $1,600, and Tools $300. Bravo's total assets are: _______
Business
1 answer:
Natali5045456 [20]3 years ago
8 0

Answer:

$13,500

Explanation:

Given that,

Accounts Receivable = $800,

Equipment = $10,000,

Accounts Payable = $4,200,

Prepaid Rent = $2,000,

Supplies = $400,

Bank Loan = $1,600

Tools = $300

Total Assets:

= Accounts Receivable + Equipment + Prepaid rent +Supplies + Tools

= $800 + $10,000 + $2,000 + $400 + $300

= $13,500

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Match the Appropriate Items to the numbers associated with them Question 69 options: Federal Reserve Banks OPEC Oil Embargo begi
aleksklad [387]

Answer:

1. 12

2. 73

3. 33

4. 10

5. 25

6. 94

7. 7

8. 29

Explanation:

1. Federal Reserve Banks is made up of 12 banks.

2. OPEC Oil Embargo begins in 1973.

3. Federal Deposit Insurance Corporation is founded in 1933.

4. Effective Reserve Requirement Ratio is 10

5. Unemployment during the Great Depression reached a height of 25%

6. NAFTA was signed in 1994.

7. Board of Governor's members is 7.

8. The stock market crash that was a leading cause of the Great Depression occurs in 1929.

8 0
3 years ago
Crossroad chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither mar
Alex

Answer:$81

Explanation:

The options given are:

a. $76

b. $80

c. $81

d. $82

If the principal market that is, the market that the greatest volume of activity can't be identified, then the most advantageous market would be used to determine the fair value of a financial asset.

The most advantageous market is the market that has the highest net price, after transaction cost has been considered even though the transaction costs is not included into the fair value. Therefore, the second market gives the highest net price of $80 after the consideration of the transaction costs, hence, it should be utilized for fair value purposes.

The fair value amount include the transaction costs, which give $80 + $1 = $81

The fair value amount is $81.

5 0
3 years ago
We strive to make all of our customers feel satisfied with their video game purchases, so we invite you to exchange "Gods of Par
Mumz [18]

Answer:

B. To refuse a refund.

Explanation:

The primary purpose is to refuse a refund which customer demanded, the message is written in a way that the customer would understand the reason of the refusal and further, the awareness to customer is given so in future the customer doesn't buy anything without reading out warnings.

5 0
3 years ago
Read 2 more answers
Cage company had income of $350 million and average invested assets of $2,000 million. its return on assets (roa) is
Strike441 [17]
Cage company had income of $350 million and average invested assets of $2,000 million. its return on assets (roa) is

The formula of return on assets is net income divided by average assets.
Given that the net income is $350 million, average asset is $2000

The answer is 0.0005
7 0
4 years ago
Read 2 more answers
Depreciation:
iragen [17]

Answer:

B. Is the process of allocating the cost of a plant asset to expense.

Explanation:

Depreciation is an expense indicating a reduction in the value of the capital assets due to tear and wear, obsolescence, consumption, time span, etc. It's listed on the income statement debit side. It is a non-cash item that has no effect on the cash balance.

Moreover, it is a process in which there is an allocation of the cost of fixed assets to the expense account over their estimated useful life

4 0
3 years ago
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