Answer:
$26,100
Explanation:
Shareholders' equity = Total asset - Total liability
Shareholders' equity = (3,400 + 32,500) - (2,900 + 6,900)
Shareholders' equity = 35,900 - 9,800
Shareholders' equity = 26,100
Hence, the value of the shareholders equity is $26,100
It can be deduced that Luciana's responsibility to Sofia is that of a customer.
<h3>Who is a customer?</h3>
It should be noted that a customer simply means an individual who purchases good from another company.
In this case, Luciana's responsibility to Sofia is that of a customer to a business. This was represented in the scenario as Ned represents Sofia in the sale of her townhome.
Learn more about customers on:
brainly.com/question/12831236
Answer:
$47,200
Explanation:
Given that,
Sales in May = $40,000
Sales in June = $52,000
Cash sales = 60% of total sales
Credit sales = 40% of total sales (it will be paid in the month following the sale)
Cash sales for June:
= Budgeted sales - Ending accounts receivable
= $52,000 - (40% of $52,000)
= $52,000 - $20,800
= $31,200
Total Budgeted cash receipts for June:
= Cash sales for June + Collection of last months receivables(May credit sales)
= $31,200 + (40% of $40,000)
= $31,200 + $16,000
= $47,200
