I just needed some points to figure things out i don’t do anything else
Answer:
How much are total liabilities at the end of the year?$80,000
Explanation:
Beg Balance deb cre End.Balance
Total assets 120000 105000 225000
Liabilities 80000 80000
Equity 40000 40000
Earning 120000 120000
Dividens paid 15000 -15000
Total equity 40000 15000 120000 145000
0 120000 -120000 0
Answer:
$37,500
Explanation:
You receive 2% of the sales.
You have to earn $750 to break even, or cover the franchise cost.
So, if we let Sales be "x", we can say:
<u><em>2% of x would be 750</em></u>
What is 2% in decimal?? We divide by 100, so we have:
2% = 2/100 = 0.02
Now, we convert the word equation above to mathematical equation:
0.02 * x = 750
Now, we solve for x, the amount customers have to buy (or sales):

Hence,
Customers would have to buy $37,500 to cover the cost of this fee.
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.