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3 years ago

What is the name for the amount or money whereby assets exceed liabilities?

Business

2 answers:

kotykmax [81]3 years ago

3 0

Answer:

Working capital

Explanation:

is understood that Assets are more than the External liabilities and there is a positive difference between the two. ... When your Total Assets are more than your total outside liabilities, this indicates that your company is solvent

likoan [24]3 years ago

3 0

Answer:

Working Capital

Explanation:

These are assets and liabilties used in the normal operating cycle of a company, or within a year. The excess of current assets over current liabilities is known as the Working Capital

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Refer again to the income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income Statement. N

creativ13 [48]

Answer:

$584,000

Explanation:

Calculation to determine what must their amount of sales be

Using this formula

Amount of Sales = (Fixed costs + Target profit) / Contribution margin percentage

Let plug in the formula

Amount of Sales = [42,400+(40,000+63,600) / (106000/424000)

Amount of Sales =(42,400+103,600) / (106,000/424,000)

Amount of Sales=146,000/0.25

Amount of Sales = $584,000

Therefore what The amount of sales will be Cover-to-Cover Company is $584,000

7 0

2 years ago

On April 12, Hong Company agrees to accept a 60-day, 6%, $6,900 note from Indigo Company to extend the due date on an overdue ac

Bad White [126]

Answer:

Debit notes Payable $6,900

Debit interest expense $69

Credit cash $6,969

Explanation:

The interest amount payable on maturity is $6900*6%*2/12=$69

The actual principal remains at $6900

The appropriate entries would to debit notes payable with $6,900 and interest expense with $69 while the credit of $6969 goes to cash account representing an outflow to settle the obligation.

The rationale for this is that settle of an obligation would require debit the payable account.

3 0

3 years ago

What is a public good?

Pie

I believe your answer is B

A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without payment

7 0

2 years ago

Assume that the banking system has total reserves of $100 billion. Assume also that required reserves are 10 percent of checking

ivolga24 [154]

Answer:

The money multiplier and money supply for this banking system is 10 and $1,000 billion respectively

Explanation:

The computation of the money multiplier and the money supply is shown below:

As we know that

Money multiplier is

= 1 ÷ required reserve ratio

= 1 ÷ 0.10

= 10

So, the money supply is

= Total Reserves × Money Multiplier

= $100 billion × 10

= $1,000 billion

hence, the money multiplier and money supply for this banking system is 10 and $1,000 billion respectively

5 0

2 years ago

A store has a 6% restocking fee. If you join the store’s membership program, all items over $100 will have a flat rate restockin

Dvinal [7]

Saving means the amount of income that is not spent on a particular product.

The member of the store will save $5 if they return an item costing $240.

<h3>What is saving?</h3>

Saving is defined as the part of income not spent, or delayed consumption. Methods of saving, consider putting money set aside.

<u>Example:</u>

A deposit account, a pension account, an investment fund, or cash. Saving also refers to separating down expenditures, like recurring costs.

In the above situation, it is clearly mentioned that if any member would return the item which costs above $100, then he would save $5. So here the item which the member is returning is above $100 then, the member would save $5.

He would pay only $235 ($240-$5).

Therefore, the member will save $5, on returning the item.

To learn more about saving, refer to:

brainly.com/question/7965246

8 0

2 years ago