Answer:
$18,700
Explanation:
In this question, we applied the accounting equation which is presented below:
Total assets = Total liabilities + shareholder equity
where,
Total assets = Current assets + fixed assets
= $5,900 + $21,200
= $27,100
And, the Total liabilities is $8,400
So, the shareholders' equity would be
= $27,100 - $8,400
= $18,700
Answer:
The opportunity cost of 1 balloon in Lorland is = 0.20 strawberries.
Explanation:
The opportunity cost of 1 balloon refers to the number of strawberries Lorland needs to sacrifice in order to produce 1 balloon. From the given information, we know that Lorland needs to sacrifice 16 strawberries for 80 ballons. So, for 1 balloon, it needs to sacrifice 16/80 = 1/5 = 0.20 strawberries.
So, the opportunity cost of 1 balloon in Lorland is = 0.20 strawberries.
Business functions are the activities carried out by an enterprise; they can be divided into core functions and support functions. Core business functions are activities of an enterprise yielding income: the production of final goods or services intended for the market or for third parties
Answer: False.
Explanation:
Fraud examination and forensic accounting as a career is not only restricted to government employment alone: a fraud investigator and forensic accountant can also work in an insurance companies to investigate damages payment claims, and also they can be employed by companies to ensure no financial abnormalities are going on in their firm.
Answer:
C. $77,000
Explanation:
Calculation for the amount of liabilities
Using this formula
Amount of liabilities=(Cash+Account receivable +Equipment) -Equity
Let plug in the formula
Amount of liabilities=($39,000+$45,000+$80,000)-$87,000
Amount of liabilities=$164,000-$87,000
Amount of liabilities=$77,000
Therefore the Amount of liabilities will be $77,000
