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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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The group of retired executives that work with small businesses as advisors on a wide range of issues is called the:
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Answer:

Service Corps of Retired Executives (SCORE

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2 years ago
Quantitative Problem: Jenna is a single taxpayer with no dependents so she qualifies for one personal exemption. During 2013, sh
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Answer:

$26,898.25

Explanation:

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8 0
3 years ago
g A Mortgage Backed Bond is: Group of answer choices a. A mortgage-backed security that pass-through promised payments of princi
o-na [289]

Answer:

A Mortgage Backed Bond is:

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Explanation:

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4 0
3 years ago
The Rivoli Company has no debt outstanding, and its financial position is given by the following data:
anzhelika [568]

Answer:

Intrinsic value is $45

Explanation:

The starting point to determining Rivoli Company intrinsic value is to compute the earning after tax as shown below:

Earnings after tax=earning before tax*(1-tax rate)

earnings before tax is $600,000

tax rate

earnings after tax=$600,000*(1-0.25)

                               =$600,000*0.75

                               =$450,000

Then we need to compute earnings per share;

Earnings per shares=earnings after tax/weighted average number of shares

                                 =$450,000/100,000

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intrinsic value=$4.5/10%

                      =$45

7 0
3 years ago
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