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kirill115 [55]
3 years ago
8

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
1 answer:
mash [69]3 years ago
3 0

Answer:

The net worth (owners' equity) for this business is $2.2 million

Explanation:

Net worth: It is also known as owner's equity which is a difference between total assets and total assets.

In this question, we use the accounting equation which is used to balance the debit and credit side of the balance sheet items.

So, the accounting equation is

Total Assets = Total Liabilities + Owner's Equity

where,

Company assets are $3.5 million

And, liabilities is $1.3 million

Now, apply the above equation to find out the value of the owner's equity

So, owner equity would be equals to

= $3.5 million - $1.3 million

= $2.2 million

Hence,  the net worth (owners' equity) for this business is $2.2 million

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A total of $4000 was invested, part of it at 8% interest and the remainder at 11%. if the total yearly interest amounted to $365
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3 years ago
Indicate what happens to each of the following when the price level​ decreases:
aleksklad [387]

Answer:

a. Consumption will increase as goods and services are now cheaper for people to buy.

b. Investment increases as people will have more money to invest due to having spent less on consumption.

c. Net exports increases as exports become cheaper due to lower prices in the country. More people outside will therefore demand exports leading to them increasing more than imports.

d. Money Demand - B. There is a movement along the Money Demand curve to the Left

As price has decreased, the amount of money needed to buy goods will decrease which would lead to less demand for money. Money demand curve will show this as a movement to the left of the Money demand curve.

e. The interest rate will decrease because there will be more money to invest as explained above. With more money to invest, loanable funds will b in high supply thereby dropping interest rates.

f. Aggregate expenditure shifts right to show that expenditure has increased from people buying cheaper goods.

g. Aggregate demand - B. AD shifts to the Right.

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3 years ago
Some time ago, the nation of Republica opened up its paper market to international trade. Which of the following results of this
Andru [333]

The complete question is:

Some time ago, the nation of Republica opened up its paper market to international trade. Which of the following results of this policy change is consistent with the notion that Republica has a comparative advantage over other countries in producing paper?

a. The price of paper in Republica decreased as a result of the policy change.

b.Republica began exporting paper as a result of the policy change.

c.The domestic demand curve for paper shifted to the right as a result of the policy change.

d.The domestic quantity of paper demanded increased as a result of the policy change

Answer:

b.Republica began exporting paper as a result of the policy change.

Explanation:

When a country has comparative advantage in producing a product, they can produce the product at a lower cost compared to other nations. So they tend to leverage their comparative advantage by exporting to nations that do not have comparative advantage in that good.

If after Republica opens up its paper market to international trade, it starts to export paper. This indicates Republica has comparative advantage in producing paper.

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