If a business firm has assets worth $170,000 and liabilities that total $40,000, what is the...
- If a business firm has assets worth $170,000 and liabilities that total $40,000, what is the value of the owners’ equity? Show your work for full credit.
Homework Answers
The accounting equation states that:
Assets = Liabilities + Owner's equity
170000=40000+Owner's equity
Owner's equity=170000-40000
Owner's equity = 130,000
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If a business firm has assets worth $170,000 and liabilities
that total $40,000, what is the...
A firm has total assets of $523,100, current assets of $186,500, current liabilities of $141,000, and...
A firm has total assets of $523,100, current assets of $186,500, current liabilities of $141,000, and total debt of $215,000. What is the debt/equity ratio? OA 1.43 O B. 1.10 OC. 0.70 O D. 0.53 O E 2.13
13. If a business has the following balances, how much is total liabilities? Liabilities Assets Cash...
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The total assets and the total liabilities of a business at the beginning and at the...
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Use the following items to determine the total assets, total liabilities, net worth, total cash inflows,...
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Use the following items to determine the total assets, total liabilities, net worth, total cash inflows,...
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Use the following items to determine the total assets, total liabilities, net worth, total cash inflows,...
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Rent for the month Spending for food Savings account balance Current value of automobile Credit card balance Auto insurance Video equipment Lunches/parking at work Personal computer Clothing purchase $ 700 Monthly take-home salary $ 370 Cash in checking account $ 1,900 Balance of educational loan $ 8,900 Telephone bill paid for month $ 240 Loan payment $ 240 Household possessions...
A firm has total assets of $1.930,000 and stockholders equity is $612,000. What is the debt...
A firm has total assets of $1.930,000 and stockholders equity is $612,000. What is the debt to total asset ratio? (Round your answer to the nearest whole percent.) Multiple Choice O O 84% 68% O a None of the items A firm's long-term assets = $60,000, total assets = $210,000, inventory $25,000 and current liabilities $40,000. What are the firm's current ratio and quick ratio? Round your answer to 1 decimal place.) Multiple Choice Current ratio-88, quick ratio - 1...
Assets 2018 Liabilities 2018 Cash and Cash Equivalents 63,000 Current Liabilities 40,000 Short-term Investments 3,000 Long-term...
Assets 2018 Liabilities 2018 Cash and Cash Equivalents 63,000 Current Liabilities 40,000 Short-term Investments 3,000 Long-term Liabilities 120,000 Inventory 21,000 Total Liabilities 160,000 Accounts Receivables 20,000 Total Current Assets 107,000 Total Owners' Equity 597,000 Fixed Assets 650,000 Total Assets 757,000 What is the firm’s current ratio and quick ratio in this order? 1.58; 2.68 2.68; 1.58 1.58; 2.15 2.68; 2.15
3. Consider a simple firm that has the following market value balance sheet: Assets Liabilities &...
3. Consider a simple firm that has the following market value balance sheet: Assets Liabilities & Equity $1,000 $430 Debt Equity 570 Next year, there are two possible values for its assets, each equally likely: $1,200 and $960. Its debt will be due with 4.8% interest. Because all of the cash flows from the assets must go either to the debt or the equity, if you hold a portfolio of the debt and equity in the same proportions as the...
inger Enterprises began the year with total assets of $680,000 and total liabilities of $401,000. Using...
inger Enterprises began the year with total assets of $680,000 and total liabilities of $401,000. Using this information and the accounting equation, answer each of the following independent questions. 1. What was the amount of Ginger's owners' equity at the beginning of the year? $ 2. If Ginger's total assets increased by $116,000 and its total liabilities increased by $79,000 during the year, what was the amount of Ginger's owners' equity at the end of the year? $ 3. If...
A firm has total assets of $523,100, current assets of $186,500, current liabilities of $141,000, and total debt of $215,000. What is the debt/equity ratio? OA 1.43 O B. 1.10 OC. 0.70 O D. 0.53 O E 2.13
13. If a business has the following balances, how much is total liabilities? Liabilities Assets Cash Accounts Receivable Equipment $ 5,000 2,575 14,000 Total Liabilities? Owner's Equity Anna Mills, Capital 2,600 con
The total assets and the total liabilities of a business at the beginning and at the end of the year appear below. During the year, $100,000 of dividends were paid and $45,000 cash received in exchange for common stock. Beginning of year End of year Assets $295,000 355,000 Liabilities $190,000 220,000 The amount of net income for the year was $135,000 $85,000 $45,000 $40,000
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows Rent for the month Spending for food Savings account balance Current value of automobile Credit card balance Auto insurance Video equipment Lunches/parking at work Personal computer Clothing purchase $ 1,250 Monthly take-home salary $645 Cash in checking account $ 2,010 Balance of educational loan $. 9,700 Telephone bill paid for month $295 Loan payment $350 Household possessions $ 2,650 Payment...
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows Rent for the month Spending for food Savings account balance Current value of automobile Credit card balance Auto insurance Video equipment Lunches/parking at work Personal computer Clothing purchase $ 1,250 Monthly take-home salary $645 Cash in checking account $ 2,010 Balance of educational loan $. 9,700 Telephone bill paid for month $295 Loan payment $350 Household possessions $ 2,650 Payment...
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Rent for the month Spending for food Savings account balance Current value of automobile Credit card balance Auto insurance Video equipment Lunches/parking at work Personal computer Clothing purchase $ 700 Monthly take-home salary $ 370 Cash in checking account $ 1,900 Balance of educational loan $ 8,900 Telephone bill paid for month $ 240 Loan payment $ 240 Household possessions...
A firm has total assets of $1.930,000 and stockholders equity is $612,000. What is the debt to total asset ratio? (Round your answer to the nearest whole percent.) Multiple Choice O O 84% 68% O a None of the items A firm's long-term assets = $60,000, total assets = $210,000, inventory $25,000 and current liabilities $40,000. What are the firm's current ratio and quick ratio? Round your answer to 1 decimal place.) Multiple Choice Current ratio-88, quick ratio - 1...
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