a. Total assets of Caldwell Company equal $40,000 and its equity is $10,000. What is the amount
Question:
a. Total assets of Caldwell Company equal $40,000 and its equity is $10,000. What is the amount of its liabilities?
b. Total assets of Waterworld equal $55,000 and its liabilities and equity amounts are equal to each other. What is the amount of its liabilities? What is the amount of its equity?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Assets Liabilities Equity 40000 a 300...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Question Posted:
Students also viewed these Accounting questions
-
a. Total assets of Charter Company equal $500,000 and its equity is $320,000. What is the amount of its liabilities? b. Total assets of Golfland equal $900,000 and its liabilities and equity amounts...
-
If the interest rate is 10 percent, what is the present value of a bond that matures in 2 years, pays $85 1 year from now, and pays $1,085 2 years from now?
-
Two curves are orthogonal to each other if their tangent lines are perpendicular at each point of intersection (recall that two lines are perpendicular to each other if their slopes are negative...
-
In Exercises 8586, find a. (f g)(x); b. (g f)(x); c. (f g)(3). f(x)=x, g(x) = x + 1
-
An economist has predicted that there will be a 7% per year inflation of prices during the next 10 years. If this proves to be correct, how much will an item that presently sells for $10 bring a...
-
Elementary Inc. had sales of 133,500 units in June. The financial manager estimates a 10% increase of sales units in July and plans to maintain 22% of the expected sales for July in ending inventory....
-
The trial balance for Gold Rush Exploration Company, Inc. does not balance. The following errors were detected: a. The cash, balance is overstated by \($2,000\). b. Rent expense of \($390\) was...
-
Younger Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2010, at a cost of $168,000. Over its 4-year useful life, the bus is expected to be...
-
Bonds and interest rates have an inverse connection. Bond prices normally fall when the cost of borrowing money rises (interest rates rise). Similarly, as interest rates fall, the bond price rises....
-
In Problem 5-8, suppose that the daily demand at area 3 drops to 4 million gallons. Surplus production at refineries 1 and 2 is diverted to other distribution areas by truck. The transportation cost...
-
Identify which accounting principle or assumption best describes each of the following practices: a. If $51,000 cash is paid to buy land, the land is reported on the buyers balance sheet at $51,000....
-
Use the accounting equation to compute the missing financial statement amounts (a), (b), and(c). Company Equity Assets S 30,000 b) 90,000 Liabilities $ (a) 2 3 50,000 10,000 30,000
-
Ganado Corporation entered into a three-year cross currency interest rate swap to receive U.S. dollars and pay Swiss francs. Ganado, however, decided to unwind the swap after one year - thereby...
-
The profi t-maximizing level of output can be found where: a. MR = MC, and MC cuts MR from below b. MR = MC, and MC cuts MR from above c. TR = TC d. the horizontal distance between TR and TC is...
-
If a tax is placed on gasoline, then a wheat producer will produce: a. more wheat b. less wheat c. the same amount of wheat d. cannot tell from the information given
-
Capital and labor are: a. perfect complements b. perfect substitutes c. imperfect substitutes d. unrelated
-
A pen and a pencil are: a. substitutes b. complements c. unrelated d. irreplaceable
-
Sugar and High Fructose Corn Syrup (HFCS) are: a. perfect substitutes b. perfect complements c. imperfect complements d. imperfect substitutes
-
Fill in the blank: ______________ is the only functional interface that does not involve double, int, or long. A. BooleanSupplier B. CharPredicate C. FloatUnaryOperator D. ShortConsumer E. None of...
-
Maria Castigliani is head of the purchasing department of Ambrosiana Merceti, a medium-sized construction company. One morning she walked into the office and said, The main problem in this office is...
-
Find three reports longer than 15 pages on any topic that interests you. What components are included in the body? What supplementary sections do you see? What conclusions can you draw about the...
-
Ajax Company had a $17,000, 7%, 30-day note of Beatrice Inc. At maturity, April 4, Beatrice dishonoured the note. Record the entry on April 4.
-
On June 4, Maltex sold $108,000 of its accounts receivable to a collection agency, which charges a 2.5% factoring fee. Record the entry on June 4.
-
Tallcrest discounted a $50,000, 45-day, 5% note receivable on August 10 at the local bank, which applies an 8% discount rate. Tallcrest had held the note for 25 days before discounting it. Record the...
-
Using Excel, solve the following questions: 1. Air conditioning for a college dormitory will cost $3.5 million to install and $125,000 per year to operate at current prices. The system should last 20...
-
Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided...
-
Figure 11.4.3 Price ($) 4000 Supply MC MSC 3000 2000 MSB 1000 Demand = MB 0 200 400 600 800 Quantity (students per year) Look at the market for private education in Figure 11.4.3. In the private...
Study smarter with the SolutionInn App