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lord [1]
3 years ago
11

Use the basic accounting equation to answer these questions. (a) The liabilities of Sunland Company are $94,000 and the stockhol

ders’ equity is $254,000. What is the amount of Sunland Company’s total assets?
Business
1 answer:
melomori [17]3 years ago
3 0

Answer:

The amount of Sunland Company’s total assets is $348,000.

Explanation:

In this question we use the accounting equation which is shown below:

Total assets = Total liabilities + Shareholder's equity

The total assets are the sum of the total liabilities and the shareholder's equity.

The liabilities and stockholder's equity is given, so the total assets equal to

= Total liabilities + Shareholder's equity

= $94,000 + $254,000

= $348,000

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1 year ago
1. What is a supply chain? How can managerial accountants help to improve the supply chain?
murzikaleks [220]

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7 0
3 years ago
what was a primary purpose of the program being promoted by this poster? (7f) question 9 options: to encourage women to join the
AlekseyPX

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4 0
1 year ago
Friendly's quick loans, inc., offers you "$4.10 for $5.10 or i knock on your door." this means you get $4.10 today and repay $5.
storchak [24]
If it costs $5.10 to get $4.10 from Friendly's then the loanee would pay about 24% which is a pretty high interest rate and presumably the interest rate would decrease with a higher amount loaned as on a larger amount the actual amount of interest earned would still be significant with a lower interest rate.
6 0
3 years ago
Read 2 more answers
In October 2010, the amount of money held by individuals and companies was $893.4 billion; checkable deposits owned by the same
Debora [2.8K]

Answer:

The M2 for October 2010 is $4.4145 trillion

Explanation:

In this question, we are asked to calculate the value of M2 for the month of October 2010. We use a mathematical approach for this;

Mathematically:

M2 = M1 + Savings deposits + Money market funds + Certificates of deposit + other time deposit

We identify the parameters in the question as follows:

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Money Market funds = $1.9423 trillion

Certificates of deposit = $345.6 billion

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We thus calculate M2 as = $989.4 billion + $1.9423 trillion + $345.6 billion + $243.8 billion + $893.4 billion = $4.4145 trillion

6 0
3 years ago
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