All categories

1 year ago

If a company’s equity is $340,000 and liabilities are $195,000, what is the value of the company’s assets?

1 answer:

3 0

For this case, the first thing you should keep in mind is the following definition:
equity = assets - liabilities
Therefore, by clearing we have:
assets = equity - liabilities
Substituting values we have:
assets = (340000) - (195000)
assets = $ 145,000
Answer:
The value of the company's assets is:
assets = $ 145,000

You might be interested in

I rent a gym for $150.00 for 30 students. Another time I rent the gym for $270.00 for 70 students. I need to find a fixed rate.

masha68 [24]

Answer: y = 3x + 60

Step-by-step explanation:

Set up two equations and solve the system:

270 = 70x + b

- (150 = 30x + b)

120 = 40x

3 = x

Input "x" into one of the equations and solve for "b":

150 = 30x + b

150 = 30(3) + b

150 = 90 + b

60 = b

Equation: y = 3x + 60

This means that there is a flat fee of $60 plus a rate of $3 per student

5 0

2 years ago

Which number below has a value between 6.6 and 6.7?

Contact [7]

Answer:

The answer is √44

Step-by-step explanation:

I hope this help.

7 0

2 years ago

Read 2 more answers

The manager of a video game store found that 35 of the 140 people who preordered the latest baseball game canceled their orders

Arte-miy333 [17]

Answer: $\frac{1}{16}$

Step-by-step explanation:

Given: The manager of a video game store found that 35 of the 140 people who preordered the latest baseball game canceled their orders the day before the game was released.

The probability that two customers who preorder the newest golf game will both cancel their orders the day before the game is released

$=\frac{35}{140}\times\frac{35}{140}=\frac{1}{4}\times\frac{1}{4}=\frac{1}{16}$

Hence, The probability that two customers who preorder the newest golf game will both cancel their orders the day before the game is released is $\frac{1}{16}$ .

5 0

1 year ago

Read 2 more answers

A bag has 10 marbles and 4 are black. Joseph picks 2 marbles without replacing the first. What is the probability that both are

Crank

If there are 10 marbles in total then the probability is 2/10

6 0

1 year ago

A restaurant noted what type of food its customers purchased last week. Here are the results: burger 15% fries 10 % both 55% out

mixer [17]

Answer:

(a) Not mutually exclusive

(b)80%

Step-by-step explanation:

Mutually Exclusive events are events which cannot occur at the same time. An example is walking forward and backward. When events are presented using Venn diagram, if the sets are disjoint, they are mutually exclusive, otherwise they are not.

(a)The given events "burger" and "fries" are not mutually exclusive since their intersection is not empty as can be seen from the attached Venn diagram.

(b) Probability that a randomly selected person from this sample bought a burger OR bought fries.

P(A or B)= $P(A\cup B)=80\%$

6 0

2 years ago