Balance sheet equation states that:
Assets, A = Liabilities, L + Equity, E => A=L+E
In the current case,
L = Long term debt + Current liabilities = $8,675+$1,865 = $10,540
E = $14,865
Therefore,
A = 14,865 +10,540 = $25,405
Now,
Current assets (excluding cash) = current liabilities+Net working capital, other than cash = $1,865+$2,315 = $4,180
Additionally,
A = Fixed assets+Current assets (excluding cash) + Cash
Therefore,
Cash = 25,405-20,660-4,180 = $565
Answer:
4
Step-by-step explanation:
5-1=4
Answer:
The equation 2d + 18 = 24 can help find the number of days Jerry has been doing sit-ups.
Step-by-step explanation:
During the first day, Jerry did 18 sit-ups, and he proceeded to do 2 more sit-ups each following day, so the expression to represent this situation is 2d + 18. Because he did 24 sit-ups today, to find the number of days he did sit-ups, the equation to solve is 2d + 18 = 24.