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marta [7]
3 years ago
13

Total assets of Charter Company equal $710,000 and its equity is $425,000. What is the amount of its liabilities? b. Total asset

s of Martin Marine equal $510,000 and its liabilities and equity amounts are equal to each other. What is the amount of its liabilities? What is the amount of its equity?
Business
1 answer:
Aleks [24]3 years ago
6 0

Answer:

Part A:

Liabilities=$285,000

Part B:

Liabilities=$255,000

Equity=$255,000

Explanation:

General Rule of Assets, liabilities and equity

Assets= Liabilities+Equity

Part A:

Assets=$710,000

Equity=$425,000

Liabilities=?

$710,000=Liabilities+$425,000

Liabilities=$710,000-$425,000

Liabilities=$285,000

Part B:

Liabilities=Equity

Replace Equity by liabilities

Assets=Liabilities+Liabilities

$510,000=2*Liabilities

Liabilities=$255,000

Equity=$255,000

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54) Marika is a senior journalist at a news agency. She goes on a temporary leave for six months and travels around different pa
yKpoI14uk [10]

The answer is: Sabbatical

Sabbatical refers to a paid leave given to employees in order to study or travel. The term sabbatical is taken from the bible (where God rest on the seventh day after working for six days). Because of this, some companies only granted a sabbatical only if they already dedicated their life for the company for 7 years.

8 0
4 years ago
Nissley Wedding Fantasy Corporation makes very elaborate wedding cakes to order. The owner of the company has provided the follo
Scrat [10]

Answer:

$62.00

Explanation:

Given data (Twersky Wedding):

Size-related:               $1.15/guest

Complexity-related:   $28.24/ tier

Order-related:            $74.74/order

Guests:                        120

Tiers                             5

Order                            1

Calculations:

Size related ($1.15 per guest × 120 guests):            $138.00

Complexity-related ($28.24 per tier × 5 tiers):        $141.20

Order-related ($74.74 per order × 1 order):             $74.74

Cost of purchased decorations for cake:                $54.66

______________________________________________

Total cost                          $408.60

Charges                            $470.60

Overall margin = Charges - Total cost = $470.60 - $408.60 = $62.00

Hope this helps!

6 0
3 years ago
On August 1, 2018, Deeva, Inc., sold equipment and accepted a six-month, 9%, $50,000 note receivable. Deeva's year-end is Decemb
Bingel [31]

Answer:

$1,875

Explanation:

Given that,

Amount of note receivable = $50,000

Time period = 6 month

Interest rate = 9%

Interest amount:

= Principle amount × Interest rate × Time period

= $50,000 × 0.09 × (6/12)

= $2,250

Interest Accrued from 1 August to 31 December :

= (Interest amount ÷ 6 months) × 5 months

= ($2,250 ÷ 6 months) × 5 months

= $375 × 5 months

= $1,875

4 0
4 years ago
The banking system in the united states is a dual banking system with both state and ___________ banks.
Viktor [21]
The answer is probably national
6 0
3 years ago
Read 2 more answers
Would you expect holding cost to go down with increases in maximum capacity?
xxTIMURxx [149]

Answer: The answer is given below

Explanation:

Holding costs are the costs that.has to do with the storage of inventory that were not sold. costs and they are storage space, price of damaged or spoilt goods, labor, and insurance.

It should be noted that with regard to holding cost, increasing peak capacity will be expected to reduce since the capacity is typically inversely proportional to the theory of the holding cost as there may be a reduction in the holding cost so as to increase the capacity.

3 0
3 years ago
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