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taurus [48]
3 years ago
7

On June 1 st a hotelâ s balance sheet shows assets of $6,400,000 and ownersâ equity of $2,000,000 what is the amount of the hote

lâ s liabilities? $2,200,000 $4,400,000 $3,400,000 $8,400,000
Business
1 answer:
andreev551 [17]3 years ago
7 0

Answer:

$4,400,000

Explanation:

A balance sheet is a statement showing the financial position of a business as at a particular date. At all time the Asset of a business must be equal  Liabilities + Owners' Equity. i.e Assets = Liabilities + Owners' Equity.

In the case of Hotela's balance sheet

Asset= $ 6,400,000

Equity = $2,000,000

Liabilities = ?

Going by the accounting equation Assets = Liabilities + Owners' Equity.  

To calculate liabilities the formula below will be used

Liabilities = Asset - Owners' equity

Therefore Liabilities = $6, 400,000 - $2,000,000  = 4,400,000

Hence the answer is 4,400,000

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Answer: 1. Investment; 2. Consumption; 3. Investment; 4. Consumption

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Investment on the other hand refers to expenditure on capital goods or assets that can be used to produce other goods and services thus investment spending stimulates greater production in an economy than consumption spending does.

Private consumption spending in this case would include people buying newspapers and firms buying soft drinks for a holiday party. Private investment spending includes laundromats buying washing machines and firms buying automobile for delivery services.

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Which of the following is not a valid FICO credit score?
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3 years ago
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Answer:

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Explanation:

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7 0
4 years ago
Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b
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Answer:

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Explanation:

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or

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A product-focused process is commonly used to produce: A) high-volume, high-variety products. B) low-volume, high-variety produc
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Answer:

C. high-volume, low-variety products

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