Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 30, 2024

Given the following, what is the Capital amount? Assets: Building $60,000., inventory $9,500., Cash in Bank is $100. Liabilities: accounts payable $3,000., Loan from Allan

image text in transcribed

Given the following, what is the Capital amount? Assets: Building $60,000., inventory $9,500., Cash in Bank is $100. Liabilities: accounts payable $3,000., Loan from Allan Trading $6,000 O A. $62,400 B. $61,600 O C. $60,600 OD. $59,100

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investing Amid Low Expected Returns Making The Most When Markets Offer The Least

Authors: Antti Ilmanen

1st Edition

1119860199, 978-1119860198

More Books

Students also viewed these Accounting questions

Question

★★★★★

The Lanier Company produces a single product on three production lines. Because the lines were developed at different points in Laniers history, they use different equipment. The production manager...

Answered: 1 week ago

Question

★★★★★

Profitability ratios: Cisco Systems has total assets of $35.594 billion, total debt of $9.678 billion, and net sales of $22.045 billion. Its net profit margin for the year is 20 percent, while the...

Answered: 1 week ago

Question

★★★★★

3. Make sure your high expectations come with academic and emotional support for students struggles. Holding high standards without providing a warm environment is merely harsh. A warm environment...

Answered: 1 week ago

Question

★★★★★

Presented next is information pertaining to Ward Specialty Foods, a calendar-year sole proprietorship, maintaining its books on the cash basis during the year. At year-end, however, Mary Ward's...

Answered: 1 week ago

Question

★★★★★

Consider the following use of the State Pattern, and the lines labelled 1 to 8 :public class ElectronicLock / / ( 1 ) { private String entryCode; private LockState state; public ElectronicLock (...

Answered: 1 week ago

Question

★★★★★

18. In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $ 60,000 Accounts payable decreased by 22,000 Accounts receivable...

Answered: 1 week ago

Question

★★★★★

A medical researcher wants an equal number of male and female participants in an upcoming controlled study for a new heart medication. Instead of selecting the 100 total participants from the...

Answered: 1 week ago

Question

★★★★★

A college basketball coach has 12 players on his team. Eight players are receiving scholarships, and four are not. The coach decides to select a starting lineup by selecting five names out of a bowl....

Answered: 1 week ago

Question

★★★★★

A. Suppose stock in Watta Corporation has a beta of .80. The market risk premium is 6 percent, and the risk-free rate is 6 percent. Watta's last dividend was $1.20 per share, and the dividend is...

Answered: 1 week ago

Question

★★★★★

Annie's Bakery sold $5,000 of cookies this month. Annie determined that her fixed costs are $2,000 per month and her net operating income was $1,000. What is Annie's Bakery's contribution margin? a.)...

Answered: 1 week ago

Question

★★★★★

Five sequential operations have the following hourly production rates. A=150, B=175, C=95, D=88, E=120. What is the hourly throughput rate?

Answered: 1 week ago

Question

★★★★★

in-depth interviews with people from different departments in an organisation is: a A longitudinal study. b A structured study. c A quantitative study. d A qualitative study.

Answered: 1 week ago

Question

★★★★★

Issues of data credibility and transferability are particularly relevant to: a Experiments. b Cross-sectional research. c Case study research. d Positivism.

Answered: 1 week ago

Question

★★★★★

To what extent will it be possible for you and those with whom you work to be able to distinguish between your role as a researcher and your usual work role? What steps might you take to maintain...

Answered: 1 week ago

Previous Question Next Question