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
Nesterboy [21]
3 years ago
7

When reviewing the balance sheet for Portable Pet Care, Inc., a mobile small animal care business, Ricky noted the following inf

ormation: Company assets totaling $3.5 million, and liabilities totaling $1.3 million. On paper, the net worth (owners' equity) for this business _________.
Business
2 answers:
myrzilka [38]3 years ago
8 0

Answer:

$2.2 million

Explanation:

Given that

Total asset = 3.5 million

Total liabilities = 1.3 million

Recall that,

Networth (owner's or shareholder's equity) = Total asset - Total liabilities

Therefore

Networth = 3.5 million - 1.3 million

= 2.2 million

Thus,

Owner's equity for this business on paper is $2.2 million based on info provided.

miss Akunina [59]3 years ago
7 0

Answer: $2.2 Million

Explanation:

In fundamental accounting equation:

Assets - Liabilities = Owners' equity. On the balance sheet, owner equity is the same as net worth.

You might be interested in
Pick an Agile Manifesto principle that you think is likely to have the biggest impact on the success or failure of a typical pro
satela [25.4K]

The correct answer to this open question is the following.

The Agile Manifesto principle that I am going to pick in the principle of "Embracing Change."

I think this is likely to have the biggest impact on the success or failure of a typical project in my organization because change is the constant in modern-day business. Probably, since the inception of the modern-day industry.

In order to be successful and maintain that success over the years -no matter the conditions- a company has to be ready not only to adapt to change but to change ahead of necessity. And this is one of the most difficult things to do in business because people love to be in a comfort zone for years. People in corporate America likes to know they are safe in their traditional places doing traditional things. For them, change is tough.

That is why I think "Embrace change" would be the principle that would help me the most.

3 0
3 years ago
Isaac is looking for a business angel. his best chance of finding one is through:
Jet001 [13]

If Isaac is looking for a business angel, the best chance that he may be able to find one and to know where to look is by having to contact people that are involved with business associates, lawyers and even accountants.

8 0
3 years ago
Please answer this!!! Can someone get traced and arrested for taking money out of someone else’s bank electronically account wit
Marysya12 [62]

Answer:

yes

Explanation:

cause you still did fraud

3 0
3 years ago
Which type of account typically has very high liquidity, low or no interest, and low minimum balance?
faltersainse [42]
I would say that it is a CHECKING ACCOUNT. The answer for this would be option A. This type of account can be accessed anytime which makes its liquidity very high, but on the other side, this has very low interest and the minimum balance required is also low. Hope this helps.
7 0
3 years ago
The shareholders' equity of Green Corporation includes $320,000 of $1 par common stock and $510,000 par of 7% cumulative preferr
Mama L [17]

Answer:

$25,300

Explanation:

The computation of the common shareholders received the dividend for the year 2021 is shown below:

Since in the year 2021, the dividend i.e. declared is $61,000

Now the preference shareholders dividend is

= $510,000 × 0.07

= $35,700

So for common shareholders, the dividend would be

= $61,000 - $35,700

= $25,300

8 0
3 years ago
Other questions:
  • Definition of unemployment insurance fund
    9·1 answer
  • An entrepreneur is a person who owes money to a bank or other financial institution
    9·1 answer
  • A monopolist has four distinct groups of customers. Group A has an elasticity of demand of​ 0.2, B has an elasticity of demand o
    15·1 answer
  • The following is selected information from Pina Colada Corp. for the fiscal year ending October 31, 2022. Cash received from cus
    7·1 answer
  • It is not a consumers responsibility to report fraudental activity
    10·1 answer
  • The transportation model, when applied to location analysis: maximizes revenues. minimizes total fixed costs. minimizes total pr
    10·1 answer
  • A. atlas
    8·1 answer
  • 5. How long is a permanently disabled worker allowed to receive disability income?​
    15·1 answer
  • Paige noted that she disbursed $7,847 in payments for operations in her travel agency and received $7,162 in cash receipts for s
    8·1 answer
  • identify the characteristics of a successful workplace culture. select all that apply. employees want to do a good job. employee
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!