1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xxMikexx [17]
3 years ago
8

Assume that the seller owes $80,000 on a loan for the land. After receiving the $298,000 cash in (a), the seller pays the $80,00

0 owed. What is the effect of the payment on the total amount of the seller's (1) assets, (2) liabilities, and (3) stockholders' equity? If there is no change, select 'No change' from the dropdown and then enter a "0" in the amount box. Consider only the payoff of the loan, without considering the sale of the land.
Business
1 answer:
geniusboy [140]3 years ago
5 0

Answer:

1.   - $   80,000

2.  -  $  80,000

3.  -   $     0      -   No effect

Explanation:

1. Assets  

 - <em>80,000</em>  ( pay loan ) -  decrease

2. Liabilities

 - 80,000 ( loan from <em>+</em><em> 80,000 </em> to  <em>0</em> ) - decrease

3. Stockholders Equity: no change, as there was not result ( profit/loss ) nor    shareholder contribution/withdrawal

 

You might be interested in
What is Average cost
Vladimir79 [104]
Arvrage cost is the total cost divided by the number of units.
5 0
3 years ago
Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits an
ikadub [295]

Answer:

$ 226.04

Explanation:

Given:

Paying fund, FV = $ 30000

Interest rate, i = 2%

Time, t = 10 years

Now,

\textup{PMT}=\textup{FV}[\frac{i}{(1+i)^n-1}]

since, the payment is made monthly

thus,

n = 10 × 12 = 120 months

i = 2% / 12 = 0.02 / 12

on substituting the values in the above equation, we get

PMT={30000}[\frac{\frac{0.02}{12}}{(1+{\frac{0.02}{12}})^{120}-1}]

or

PMT = $ 226.04

3 0
3 years ago
The manager of a large hotel refuses to rent a room to a blind person with a guide dog. What California Fair Housing law has the
Anvisha [2.4K]

Answer:

<u>Unruh Civil Rights Act</u>

Explanation:

Remember, in the United States individual states often enact their own laws. One such law is the Unruh Civil Rights Act that protects persons with disabilities.

By his actions the Hotel Manager has violated the California fair housing law under the Unruh Civil Rights Act which mandates that;

All persons irrespective of their disability are <em>entitled</em> to full and equal accommodations or fair housing privileges or services in all business establishments of <em>every</em> kind whatsoever.

3 0
3 years ago
Which theory suggests that workers with more education earn higher wages because the extra schooling has given them additional s
san4es73 [151]

Answer:

The human capital theory

Explanation

The human capital theory explores the relationship between investment in human capital and earnings.

Investment in human capital can take the form of education or training.

The theory suggest that those that invest in human capital earn higher income

The human capital theory also explores pattern of earnings. The theory suggests that the earnings of young people would be low as they would forgo earnings to invest in human capital . Earnings would increase as one gets older because old people invest less in education and training

7 0
3 years ago
Phil wanted the computer that amy had, so he just took it. this is an example of distribution by _____ . force contests lottery
Citrus2011 [14]
The correct answer that would best complete the given statement above would be the first option: FORCE. <span>Phil</span><span> wanted the computer that Amy had, so he just took it. This is an example of distribution by force. Distribution by force often happens when someone is getting more if they have more power. This kind of distribution often leads to conflict. </span>
4 0
3 years ago
Read 2 more answers
Other questions:
  • Mountaintop golf course is planning for the coming season. Investors would like to earn a 12% return on the company's $47,000,00
    13·1 answer
  • On October 5, Cullumber Company buys merchandise on account from Marin Company. The selling price of the goods is $6,650, and th
    15·1 answer
  • Galaxy lighting is a new company creating chandeliers specifically to be used in hotel lobbies. since its potential customers ar
    10·1 answer
  • NSDC has a contract to produce eight satellites to support a worldwide telephone system (for Alaska Telecom, Inc.) that allows i
    14·1 answer
  • Which of the following subjects should you study if you are seeking a career in agriculture or natural resources? Select all tha
    7·2 answers
  • If the unemployment rate is 9 percent and the natural rate of unemployment is 5 percent, then the:___________. A. frictional une
    10·1 answer
  • Music compact discs are normal goods. What will happen to the equilibrium price and quantity of music compact discs if musicians
    10·1 answer
  • Benjamin, a military officer, strongly believes that a soldier has to do whatever it takes to protect his or her country. In the
    12·1 answer
  • The capitalized cost of any investment may be determined using the equation P = A/i where P is the capitalized cost, A is the an
    13·1 answer
  • Pina Corporation entered into an operating lease agreement to lease equipment from Badger, Inc. on January 1, 2017. The lease ca
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!