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3 years ago

If the total assets of a business are $107,000 and its liabilities are $75,000, which of the following statements is correct?

Business

1 answer:

Lady bird [3.3K]3 years ago

7 0

Answer:

a. liabilities are $32,000

Explanation:

Note: In question part $75,000 shall represent equity, as there are only 3 parts of balance sheet assets, equity and liabilities, if assets are given liabilities is what we need to calculate the missing is equity.

Thus, $75,000 is treated as equity.

In that case we have,

Assets = Equity + Liabilities

$107,000 = $75,000 + Liabilities

Assets - Equity = Liabilities

$107,000 - $75,000 = Liabilities

$32,000 = Liabilities

Therefore, correct option is

a. liabilities are $32,000

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Matthew is a divisional manager at Venus Inc. and reports to the CEO of the company. The CEO delegates resources and authority t

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Answer:

A) Information asymmetry.

Explanation:

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The theory of information asymmetry was developed and introduced by three (3) notable Nobel prize winning economists, namely; Michael Spence, George Akerlof and Joseph Stiglitz.

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<em>Hence, the concept illustrated here is an information asymmetry.</em>

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3 years ago

Hill Co. can further process Product O to produce Product P. Product O is currently selling for $60 per pound and costs $42 per

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Answer:

(A) True

Explanation:

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So the statement “The differential cost of producing Product P is $13 per pound” is true

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3 years ago

Jaleel is the marketing manager for a moderately well-known rock band. He wants to know more about industry trends including sal

BlackZzzverrR [31]

Answer:

Syndicated Data

Explanation:

Syndicated is a general data which does not represents a single entity, it includes a vast number of entities data that is aggregated to analyze how much value the company can drive from this aggregate amount. So the data that helps in analyzing the environment in general to plan the future move of organization is known as Syndicated Data. The manager is collecting aggregate data that comes from a wide number of bands, including industry sales by musical styles, online views, etc. is a syndicated data.

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3 years ago

The basic work of managers in the hospitality industry calls for: a. Being able to perform each job in the organization and make

Tamiku [17]

Answer:

d. Making the guest welcome, making the operation run correctly, keeping control operating costs.

Explanation:

The basic work of managers in the hospitality industry calls for: Making the guest welcome, making the operation run correctly, keeping control operating costs.

The hospitality industry's backbone is comprised of customer service, it is the foundation and cornerstone of all segments of the industry. A business may focus on one or all facets of hospitality but the level of success achieved is dependent on how well the managers and staff, are serving their customers.

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3 years ago

Vijay Company reports the following information regarding its production costs. Direct materials $ 10 per unit Direct labor $ 20

kirill115 [55]

Answer:

Unitary variable cost= $40

Total variable cost= $800,000

Explanation:

Giving the following information:

Direct materials $ 10 per unit

Direct labor $ 20 per unit

Overhead costs for the year Variable overhead $ 10 per unit

Fixed overhead $ 160,000

Units produced 20,000 units

Unitary variable cost= direct material + direct labor + manufacturing overhead= 10 + 20 + 10= $40

Total variable cost= 20000units* 40= $800,000

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3 years ago

Read 2 more answers