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JulsSmile [24]
2 years ago
15

Using the accounting equation (A = L + OE) calculate the amount of equity the company has if your assets are worth $10,000 total

, while your debt is $5,000.
Business
1 answer:
Anuta_ua [19.1K]2 years ago
4 0

Answer:

$5,000

Explanation:

The Equation  (A = L + OE) is the accounting equation that guides in preparing a balance sheet. The equation in full is

Assets = Liabilities + Owners Equity.

In this case

Assets = $10,000 , liabilities = $5,000, equity = ?

$10,000 = $5000 + Equity

Equity = $10,000 - $5,000

Equity = $5,000

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Answer: <em>(C.) $2,005</em>

Explanation:

Given :

Money Co. made a cash outflow of $194,000 for the $200,000 loan Money gave to Home Co.  

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The stated rate is 11%.

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= $2,004.67

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3 years ago
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r-ruslan [8.4K]

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The dimension of the utility function for the customer is the performance attributes of a product, good or service. Performance quality, attributes and characteristics distinguish the goods or services from those of rival brands or businesses, which the buyer may find to be very important.

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1 year ago
The inductive approach to writing a business argument Multiple Choice
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Explanation:

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3 years ago
Which of the following formulas would allow you to copy it into another cell while keeping the row reference fixed?
zhuklara [117]

Answer:

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In this case, the references are "locked" onto column C. Copying the formula to some other location will not change the references since they are absolute.

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