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
A company fails to do a background check that would have revealed that a person it has hired has the potential to harm others. T
padilas [110]

Answer:

The correct answer to the following question is negligent hiring .

Explanation:

Negligent claim can be defined as a legal claim made by an individual ( who can be an employee or customer ) against the employer, because the individual has been injured by the employee who has a history of doing such incidents with others. This hiring claim ( negligent ) argues that the employer should have know about the history of such employees who are threat to other employees and customers.

6 0
3 years ago
A $250,000 loan is to be amortized over 8 years, with annual end-of-year payments. Which of these statements is CORRECT? a. If t
Anarel [89]

Answer:

The answer is "Option b".

Explanation:

In this scenario, the second option, which would be the percentage within each transaction that's also interest instead of the full amount, would've been lower if the rate of interest were lower because interest-related transactions would have been higher at lower rates and conversely, as opposed to the main refunds.

7 0
3 years ago
Suppose the country of Stan has fixed its exchange rate to the dollar. The official exchange rate is 0.50 U.S. dollars per rupee
In-s [12.5K]

Answer and Explanation:

1. At 0fficial exchange rate:

100 * 0.5 = $50

what I want to buy would be purchased at $50

at market exchange rate:

0.25 x 100 = $25

products bought from this place are not a good deal as I am paying more than the market exchange rate.

2. at equilibrium exchange rate:

100 x 0.25% = $25

the price is $25

3. from answers 1 and 2, I will not want demand Stan's rupees. the products are costly to get.

4. Stan's currency is obviously overvalued. the people from this country now has increased purchasing power so they can purchase goods in dollars, therefore they would be supplying their currency.

5. They will have to buy up the surplus of rupees so that they can easily keep up with maintaining the rupee at half a dollar.

8 0
3 years ago
Janice developed a media plan for a client that recommended 10 commercials in a television program that delivered 4 million targ
Kisachek [45]

Answer:

49 million impressions

Explanation:

In media gross impressions are defined as the total number of people that represented in a media schedule. When a media campaign is launched unique impressions are counted to make up gross impression.

For example on digital marketing a visit from a customer is counted as one impression by cookies. Once a new user logs in a new impression is created.

In this instance for the television program total number of impressions for one advert can be calculated as

Impression = Average persons * Number of spots (commercials)

Impression= 4 million persons * 10

Impression = 40 million

For the magazine it aims to target 3 million people with 3 full page adverts

Impression = 3million * 3

Impression = 9 million

Therefore total impression of the campaign

Gross impression= 40 million + 9 million

Gross impression= 49 million

5 0
3 years ago
Using college students as the market segment, describe the most relevant reference group(s) and indicate the probable degree of
Sergio039 [100]

Answer and Explanation:

A. Toothpaste brand: Toothpaste is a commonly used, inexpensive, and very popular product. These decisions are governed mainly by the reference group such as family , friends or primary group with whom a student has regular face to face experiences. Hence the purchase decision is affected by a low degree of comparison community.

B. Buying a hybrid car: A hybrid car is sometimes described as expensive and luxury products. It's moreover a non-necessity commodity for a college student. These decisions are therefore usually affected by secondary community. And a high degree of control in the comparison community will only inspire a student to buy a car.

C. Buying cereal for breakfast: This is a simple requirement of a lifetime. Therefore, even without consulting any reference group a student can buy such product. Often such transactions are rules by family group control. So it needs a low degree of control.

D. Becoming a vegetarian: It takes a high degree of influence and motivation to become a vegetarian.

Thus the aspirational group influences a student. So they opt for vegetarianism to become part of such a community. Such decision taking involves a high degree of control.

E. Option of a computer tablet like the iPod: these products are a luxury commodity sold at regular prices. Typically refer to their families , friends, magazines before making a purchase student to get an idea about the output and price of these products. These goods are the weak product with a strong brand and a strong purchase is controlled by a strong reference community impact.

4 0
2 years ago
Other questions:
  • Exercise 11-2 Blossom Company had these transactions during the current period. June 12 Issued 78,000 shares of $1 par value com
    5·1 answer
  • What is the key factor in determining sales mix if a company has limited resources?
    12·2 answers
  • Problem 10-3 eastman publishing company is considering publishing an electronic textbook about spreadsheet applications for busi
    6·1 answer
  • Your client doesn’t want to pay a monthly fee for their QuickBooks Payments merchant account. What other option is available to
    12·2 answers
  • Lashondra is the owner/operator of an interior design firm. Last year she earned $400,000 in total revenue. Her explicit costs w
    5·1 answer
  • During the norming stage of team development, team members: a. are likely to disagree about what the group should do. b. meet ea
    10·1 answer
  • You and several classmates are studying for the next accounting examination. They ask you to answer the following questions: (Ro
    7·2 answers
  • 2 (03.01 LC)<br> An unsecured loan (10 points)
    7·1 answer
  • By the time you turn 30 years old, what insurance do you expect to have?
    12·2 answers
  • On December 15, Carboy, Inc., borrows $120,000 cash from Third National Bank at 9 percent annual interest. The note is due in 45
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!