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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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A company had a beginning balance in retained earnings of $44,300. It had net income of $7,300 and paid out cash dividends of $5

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Answer:

$45,650

Explanation:

a) Calculations of Retained Earnings:

Beginning balance = $44,300

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less Dividends -5,950

Ending balance = $45,650

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3 years ago

A fee interest timeshare divides the ownership of a unit into separate time intervals.

Elenna [48]

Answer:

The correct answer is letter "A": True.

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List Five products not in the Market

antiseptic1488 [7]

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3 years ago

a firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of $15,000 per year for five years

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The payback period of the project is 3.3 years.

Payback period = initial investment/ annual cash flow

= 50,000/15,000

= 3.3 years.

The time period payback period refers to the amount of time it takes to get better the fee of an funding. surely put, it's miles the period of time an investment reaches a breakeven point. human beings and groups in particular invest their money to receives a commission again, which is why the payback length is so vital.

Payback period in capital budgeting refers back to the time required to recoup the budget expended in an funding, or to attain the ruin-even factor. for example, a $a thousand funding made at the start of 12 months 1 which again $500 at the quit of year 1 and year 2 respectively could have a two-year payback duration.

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1 year ago

If a monopsonist offers a wage of $6, he finds that 1,200 people are willing to work for him. This means that the:

lbvjy [14]

If a monopsonist offers a wage of $6, he finds that 1,200 people are willing to work for him. This means that the: a marginal factor cost is $6.

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2 years ago