Solution-Compute the company current asset balance

Compute the company current asset balance

Assignment Help Accounting Basics

Reference no: EM133105238

Question - If a company has Assets of $100,000 and Liabilities totaling $74,000, how much is its Owners Equity?

A company has Cash = $100,000; Inventory = $150,000; Accounts Receivable = $50,000; Fixed Assets = $100,000; Long Term Liabilities = $50,000; and Accounts Payable = $25,000. Compute the company's Current Asset balance.

Sound Off Audio Store has the following on its Balance Sheet: Inventory = $11,000; Accounts Receivable = $13,000; Fixed Assets = $90,000; Owners Equity = $55,000; Total Liabilities = $100,000. Total Liabilities and Owners Equity = $155,000. Calculate the company's Cash balance.

A company has Cash = $200,000; Inventory = $250,000; Accounts Receivable = $150,000; Fixed Assets = $300,000; Long Term Liabilities = 50,000; and Accounts Payable = $75,000. Compute the company's Current Asset balance.

Reference no: EM133105238

Questions Cloud

Two kinds of feedback involved in evaluation : What are the two kinds of feedback involved in evaluation and what do they tell us? (Use the textbook and at least one outside source)

Digital platform ecosystem-industry analysis : 1) Digital Platform Ecosystem - Industry analysis and trends. Once you defined and described your business plan, the next step is to identify your industry and

Explain how a player draft can be both potentially good : Explain how a player draft can be both potentially good and potentially bad for professional sport franchises, athletes, and fans. Give real-world examples to s

Workplace or training environment anti-discrimination policy : This assessment requires you to undertake a role-play to demonstrate your ability to understand and respect differences in personal values and beliefs in the wo

Compute the company current asset balance : Fixed Assets = $100,000; Long Term Liabilities = $50,000; and Accounts Payable = $25,000. Compute the company's Current Asset balance

Describe ethical practice standards for privacy : Describe ethical practice standards for privacy, confidentiality and security customer information required as part of real estate practice.

What is the total amount that should be charged : What is the total amount that should be charged to Jean Co's statement of profit or loss relevant to this right-of- use asset for the year ended on 31st October

Effective strategic leadership : Outline at least five competencies that are essential to effective strategic leadership.

Write down the process to correctly store dry : Write down the process to correctly store dry, chilled, and frozen goods that you received to prepare the dish.

User Account

All Pages

Compute the company current asset balance

Reference no: EM133105238

Reference no: EM133105238

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT