Question

Margot starts a new business and contributes $20,000 in cash; she also borrows $25,000 from her local bank. She utilizes the cash to purchase supplies for $5,000 and a computer system for $10,000. After these transactions, the company's total resources are:

Answer 1

Answer:

total resources =  $45,000

Explanation:

given data

contributes =  $20,000

borrows = $25,000

purchase supplies = $5,000

equipment computer system = $10,000

solution

$45,000 [cash 30,000(20,000+25,000-5,000-10,000) equipment 10,000; supplies 5,000]

we get here company's total resources are as

total resources = cash  + purchase supplies + equipment computer system   ............1

here cash = $20,000 + $25,000 - $5,000 - $10,000

cash = $30,000

so from equation 1

total resources =  $30,000 + $5,000 + $10,000

total resources =  $45,000