1. A company receives $5,000 in cash from investors. What happens to the Cash account?

Question 2 options:

It increases. I

t decreases.

It is not effected.

2. A company has Total Equity of $100,000, Total Liabilities of $60,000, what is the value of Total Assets?

Question 3 options:

$40,000

$60,000

$100,000

$160,000

3. A company has Liabilities of $30,000 and Assets of $60,000. What is the Debt/Asset Ratio?

Question 4 options:

30%

50%

60%

100%