kwilkmagee2280 kwilkmagee2280
  • 13-01-2018
  • Business
contestada

Assets are 300,000 and equity is 100,000, assets increase 80,000 liabilities increase 50,000. what is equity at year end?

Respuesta :

Kalahira
Kalahira Kalahira
  • 26-01-2018
Assets - equity = liabilities
  So liability before the increase is:
 300, 000 - 100, 000 = 200, 000
 And if assets increases by 80, 000. Hence new assets = 380, 000. Liabilities increases by 50, 000; hence new liability = 250, 000.
 New Equity = New Assets - New liability.
 New Equity = 380, 000 - 250, 000 = 130, 000.
Answer Link

Otras preguntas

What is 461 divided by 3
In the early 1900s progressive era reformers sought to increase citizen participation in government by supporting the
(5p2-3)+2p2-3p3)=? what is the answers
what percent is 27.30 of 36.40 ?
The Hundred Years' War was a struggle between A. Germany and Russia. B. France and England. C. Russia and England. D. France and Germany.
In April 1940, Germany launched a surprise invasion of neutral __________.Select one of the options below as your answer:A. FranceB. Spain and PortugalC. Yugosl
Stephan earns a base salary of $500 per month plus 10% commission for his monthly sales. If his commission rate is doubled, will his earnings also double?
A train traveled 325 miles in 5 hours .what was the the trains average rate of speed in miles per hour
a dump truck weighs 12000 pounds a garbage truck weighs 6.5 tons which car weighs more
A right isosceles triangle has an area of 65cm^2. What's the length of each leg to the nearest tenth of a cm.