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rewona [7]
3 years ago
5

Your restaurant has assets of $64,342 and liabilities of $47,266. What is the equity of your business?

Business
1 answer:
Alborosie3 years ago
4 0

Answer:

Equity of the business= $17,076.

Explanation:

Equity as used in business is used to refer to the difference between the worth of a business (its assets) and what the business owes (debts and liabilities).

In other words, total equity refers to the value which is left in the company after the total liabilities must have been subtracted from the total assets.

The formula to calculate total equity is given below:

Equity = Assets - Liabilities

Therefore to calculate the equity above, we have:

Equity = $64,342 - $47,266

Equity = $17,076.

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B. adding horizontally the individual demand curves.

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3 years ago
On January 1, Gucci Brothers Inc. started the year with a $492,000 balance in Retained Earnings and a $605,000 balance in Common
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Answer:

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$$Beginning Retained Earnings$$$+/- Net Income/Loss$$$- Dividends$$$Equals Ending Retained Earning

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3 0
3 years ago
your investment has a 20% chance of earning 30% rate of return, a 50% chance of earning a 10% rate of return, and a 30% chance o
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8.9%

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From the question above

- The investment has 20% chance of earning 30% rate of return

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- The investment has a 50% chance of earning 10% rate of return

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- The investment has 30% chance of losing 7%

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Number of chances= 0.3

Therefore, the expected return on investment can be calculated as follows

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Can someone please help? economics
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