All categories

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

You might be interested in

Use the table to indicate which description characterizes economies of scale and which characterizes economies of scope.

kenny6666 [7]

Answer and Explanation:

The economics of scope refers to the total cost production cost i.e to be averaged for the various type of goods

While on the other hand, the economics of scale refers to the benefit of the cost than occurs when there is a higher production level at a time

Based on this, the classification is as follows

1, Economics of scale as the output rises that declines the LAC so automatically it goes downward

2. economics of scope

3 0

3 years ago

The idea that an economy can get stuck in either an unemployment equilibrium or an inflation equilibrium is most closely associa

satela [25.4K]

Answer: D

Explanation:

the idea of coordination failures

8 0

3 years ago

Read 2 more answers

A researcher measures driving distance from college and weekly cost of gas for a group of commuting college students. What kind

Elena-2011 [213]

Answer:

The correct answer is: a positive correlation.

Explanation:

Correlation can say something about the relationship between variables. It is used to understand:

1. If the relationship is positive or negative

2. The strength of the relationship.

Correlation is a powerful tool that provides vital pieces of information.

In the case of family income and family spending, it is easy to see that both rise or fall together in the same direction. This is called a positive correlation.

In the case of price and demand, the change occurs in the opposite direction, so that the increase in one is accompanied by a decrease in the other. This is known as a negative correlation.

8 0

3 years ago

Read 2 more answers

You were asked to read U.S. Statistics in 1912 and in your writing journal, you reflected upon how different your life would be

Zolol [24]

Explanation:

Hi, you've asked an incomplete question. However, based on inference, after consult relevant academic material, the learning objective on this particular assignment is stated below;

<em>"To think about things like your education, career goals, romantic relationships, how you get around, and your physical health, write at least one paragraph explaining how such aspects of your life would have changed had you lived in the early 1900s."</em>

4 0

3 years ago

Amelie decides to offer one of her subordinates, Jason, his pick of tasks on a new project in exchange for his vocal support of

LUCKY_DIMON [66]

The Final answer is c yes

7 0

3 years ago