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3 years ago

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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Winnebagel Corporation currently sells 28,000 motor homes per year at $84,000 each and 7,000 luxury coaches per year at $135,000

MissTica

Answer:

$825,050,000

Explanation:

Calculation to determine the amount to use as the annual sales when evaluating this project

First step is to calculate the new product line sales

New product line sales =29,000*$24,700

New product line sales = $716,300,000

Second step is to calculate Increased sales of the motor home line

Increased sales=2,500*$84,000

Increased sales = $210,000,000

Third step is to calculate the loss in sales

Loss in sales=750*$135,000

Loss in sales= $101,250,000

Now let calculate the amount to use as the annual sales when evaluating this project

Net sales = $716,300,000 + $210,000,000 - $101,250,000

Net sales = $825,050,000

Therefore the amount to use as the annual sales when evaluating this project is $825,050,000

4 0

3 years ago

Almost have level 60 :D

wolverine [178]

Oh wow, Great Job! :)

4 0

4 years ago

Cost outlays are recorded as an expense when they are incurred to earn revenue in the _______________ accounting period

Deffense [45]

Answer:

Present

Explanation:

An outlay cost is a cost incurred at the time when we have to execute the strategy or purchasing an asset. It can be paid to the vendors for purchasing the goods like for inventory. So this cost should be recognized as an expense when they are incurred in order to earn the revenue in the current or present accounting period

8 0

3 years ago

Explain what the national debt is and two ways to affects the country

Sati [7]

A National Debt is the amount of money obtained by one country from another that has not been paid. This can effect a country by means of loss of land actually owned, or it can cause agencies (e.g. Social Security Administration) to be cut on their budget. Meaning the agency to be cut of operational funding will loose a certain amount of funding until funds are found. Normally multiple agencies are cut to obtain some of the money to pay back the debt but this can really hurt agencies for reasoning of staffing as well as other operational costs. Hope this helps!

5 0

4 years ago

the activities a firm undertakes to create a certain perception of its product in the eyes of the target market are referred to

Dima020 [189]

Answer:

Positioning

Explanation:

Market positioning means the capability to develop a perception of a consumer. In this, the competitive advantage plays an important which enables the firm to become differentiate with that of the competitor with respect to the brand or product in which the firm is dealing. It is a motive to create an image of a brand

Therefore according to the given situation, the positioning is the right answer

3 0

3 years ago