Answer:
The correct answer is $ 49,000. (which is not in options)
Explanation:
This problem requires us to calculate value of retain earning at the end of the year. We know that assets = equity + liabilities and equity = common stock + retain earning. Following this rule we can easily calculate amount of retain earning. Detail Calculation is given below.
Asset
Accounts Receivable $30,000
Land $42,000
Investments $7,000
Building $59,000
Cash and Equivalents $80,000
Equipment $64,500
Supplies $6,000
Total Asset $288,500
Less
Liability
Notes Payable $59,000
Interest Payable $5,500
Income Taxes Payable $10,000
Accounts Payable $38,000
Total Liabilities $112,500
Less
Equity
Common Stock $127,000
Retain earning $ 49,000
Answer:
The correct answer is letter "B": his ability to easily adapt and respond to his customer's needs.
Explanation:
Even if he finished his day at work, Ben is showing commitment to his customers by going after work hours to fix the broken sprinkler heads. The fact that he is adapting his job schedule to respond to his customer's needs causes an aggregate value for Ben's business which will likely lead to attract more consumers.
Value of the house = $100,000
Amount owed = $60,000
Bank requirement is 90%
Therefore, the biggest home equity line of credit they can get is
= ($100,000 - $60,000) * 90%
= $40,000 * 90/100
=$36000
Home Equity Line Of Credit or HELOC is a variable-rate loan which allows to borrow a part of the pre-approved amount offered by the bank. This loan works similar to how a credit card works.
Similar to a home loan, the houses serve as collateral and repayment will include principal and interest. The repaid amount can be re-borrowed like a credit card.
To know more about home equity line of credit visit:
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The answer is division. It is essential in business or a
company as this carries out a function of having to divide and share tasks and
responsibilities of the people and in regards of having to manage the products
and services for the market.