User Account

All Pages

What is the amount of its total assets

Assignment Help Accounting Basics
Reference no: EM132886586

Question -

Q1. A business has $485,000 total liabilities and $1,200,000 total owners' equity. What is the amount of its total assets?

Q2. A business has $250,000 total liabilities. At start-up, the owners invested $500,000 in the business. Unfortunately, the business has suffered a cumulative loss of $200,000 up to the present time. What is the amount of its total assets at the present time?

Reference no: EM132886586

Questions Cloud

What were the basic arguments by contributions : What were the basic arguments articulated by each in their contributions to the development of Classical Organizational Theory?
Find higher performance-based pay without moving grades : Although Fresh Munchables has been hiring many young and highly-educated people lately, the company still strongly values its more tenured employees who have be
What corrections should be made to the trial balance : At the end of the year, there were 3 months of unused rent remaining, but no AJE was recorded. What corrections, if any, should be made to the trial balance
Academic integrity and receive sanctions : Can a paper with a high Safe Assign score be reported to Academic Integrity and receive sanctions?
What is the amount of its total assets : A business has $485,000 total liabilities and $1,200,000 total owners' equity. What is the amount of its total assets
Give the journal entries to record foregoing transactions : Sanka, Inc. was organized on January 2, 2019, with authorized capital consisting of 400,000 shares of 10%, Give journal entries to record foregoing transactions
Analysis to avoid consequences of pandemic : Show how most of the business organizations can benefit of Porter five forces & SWOT analysis to avoid the consequences of the pandemic.
Substantiate termination for poor performance : What must the employer establish in order to substantiate termination for poor performance?
What is a labor brokerage state : What is a "labor brokerage state" and what are the implications of this strategy for the citizens of states in which this strategy is adopted?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much income must jamal report from his job

Jamal took a college class on employment law and Triple W reimbursed his tuition of $6,000. How much income must Jamal report from his job

  Calculate Barry return on assets

Total assets were $60 million at the beginning of the year, and $70 million at the end of the year. Calculate Barry's return on assets, profit margin

  How the operating cycle data relate to the amount

Use the BOP analysis to briefly discuss how the operating cycle data relate to the amount of working capital and the current and acid-test ratios.

  Find budgeted variable overhead rate per direct labor hour

Budgeted volume for the year was 30,000 direct labor hours. Calculate Budgeted variable overhead rate per direct labor hour

  Discuss purchase of office supplies by initially debiting

Record the adjusting entry assuming that Bolt records the purchase of office supplies by initially debiting an asset account

  What is the amount and character of Olivia gain or loss

Fourteen months after purchasing the option, Olivia sells the option for $10,000. What is the amount and character of Olivia's gain or loss

  Calculate the value to be assigned to the bonds

Love & Co. issues bonds with a face value of $50,000 for $51,000. Each $1,000 bond carries 10 warrants, and each warrant allows the holder to acquire one share of $1 par common stock for $40 per share.

  A construction company entered into a fixed-price contract

a construction company entered into a fixed-price contract to build an office building for 18 million. construction

  Compute the amount of direct materials used

Beginning Inventory of Raw Materials 3,500. Assuming that all materials used are direct materials, compute the amount of direct materials used

  Wholesale health supply sells a variety of medical

wholesale health supply sells a variety of medical equipment and supplies to retailers. when a new retailer is

  Prepare an analysis of all manufacturing overhead variances

Straightforward coverage of manufacturing overhead, standard-costing system. Prepare an analysis of all manufacturing overhead variances

  How much money will you have for the trip at the end of year

On January 1, 2013, you decided to take a trip around the world after graduation. How much money will you have for the trip at the end of year 3

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd