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kifflom [539]
3 years ago
12

Pfister Corporation has Long-term Assets of $485,000, Current Liabilities of $150,000, Long-term Liabilities of $220,000 and Own

ers' Equity of $320,000. Compute Current Assets.
Business
1 answer:
Stels [109]3 years ago
3 0

Answer:

$205,000

Explanation:

Total liabilities=current liabilities+long-term liabilities

total liabilities=$150,000+$220,000

total liabilities=$370,000

total owners'equity plus liabilities=$320,000+$370,000=$690,000

long-term assets+current assets=liabilities+owners'equity

long-term assets=$485,000

current assets are unknown

liabilities+owners'equity=$690,000

let CA represent current assets

$485,000+CA=$690,000

CA=$690,000-$485,000

CA=$205,000

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3 years ago
The McMillan Development Corporation is in the preliminary stages of building a commercial office development. They have receive
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D. Both B and C

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3 years ago
A key characteristic of a successful entrepreneur is:
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Answer:

C) Learning to fail intelligently

Explanation:

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  1. land: includes any raw materials and natural resources used to produce other goods
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3 years ago
DeKay Dental Supplies issued $10,000 of 20-year bonds on January 1, 2021. The bonds pay interest semiannually. This is a partial
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8%

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(B) more than one person can consume the same unit of the good at the same time.

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