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rewona [7]
1 year ago
5

Your restaurant has assets of $64,342 and liabilities of $47,266. What is the equity of your business?

Business
1 answer:
Alborosie1 year ago
4 0

Answer:

Equity of the business= $17,076.

Explanation:

Equity as used in business is used to refer to the difference between the worth of a business (its assets) and what the business owes (debts and liabilities).

In other words, total equity refers to the value which is left in the company after the total liabilities must have been subtracted from the total assets.

The formula to calculate total equity is given below:

Equity = Assets - Liabilities

Therefore to calculate the equity above, we have:

Equity = $64,342 - $47,266

Equity = $17,076.

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When the companies advertise their new products they want to present the product in the best possible light as possible. This is due to edging out the competition as in many products small details make a huge difference. The same is the case with the tires and their endurance. The longer way a set of tires takes you the better, since they are expensive product so changing them less often is very beneficial.

In this case, the interval for the mean tire life varies by 2,026 from 62,550, both up and down. The minimum will be 60,524 miles, while the maximum a tire can pass is 64,576. The company will of course go for the maximum value to make the product look as attractive and as good as possible to the customers.

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Kerry Cottage carries authentic Irish gifts and clothing. The company uses a good deal of television advertising and sales promo
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Answer: the strategy is called pull.

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1 year ago
Peppy Pups, a dog toy company, uses a job order costing system in which overhead is applied to jobs on the basis of direct labor
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Answer:

Explanation:

Predetermined overhead rate is based on a cost formula that estimated $346,000 of manufacturing overhead for an estimated activity level 69,200 direct labor hours. So Overhead rate is 346,000/69,200 = $5/labour hour

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Communicating public information messages internally to the workforce is important because it allows the PIO to: A. Enlist suppo
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Answer:

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Answer:

Explanation:

The lunch plate industry in Oahu is a perfectly competitive industry.  

This industry is also a decreasing cost industry. A decreasing cost industry can be defined as the type of industry where an increase in the number of firms in the industry causes the average production cost to decline.  

The industry is currently in long-run equilibrium and has the price level at $5.

As the demand increases, the price level will initially increase. But this increase in the price will cause the profits to increase and thus attract potential firms to join the market.  

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So the long-run equilibrium will be reestablished at a lower price than earlier.

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