Outstanding bank loan problem

Assignment Help Accounting Basics
Reference no: EM13122659

A small business owner holds $4,000 in cash; $1,200 in materials; $10,000 in land and $32,000 in plant and equipment. His accounts payable total $9,000 and he has an outstanding bank loan totaling $18,800. what is the owners equity?

Reference no: EM13122659

Questions Cloud

Question about domain of functions : State the domain of the following and provide a brief explanation fgor your answer: a) f(x)=sqrtx+4 b) g(x)= 2x+1/x-7 c) h(x)=3x^2+5x-3 d) l(x)=2x+3 e) m(x)=3/x^2+7
Explanation of slope : Once you have the graph of a line, how can you find its slope? Does it matter which points you choose to find the slope? Does the slope vary depending on your choice of points?
Aggregate expenditure function transformation : Explain how the aggregate expenditure function shifts in response to changes in each of the following variables:
What is meant by a function : Explain what is meant by a function. Give two real-world examples of relationships that are functions and two real-world examples that are not functions.
Outstanding bank loan problem : A small business owner holds $4,000 in cash; $1,200 in materials; $10,000 in land and $32,000 in plant and equipment. His accounts payable total $9,000 and he has an outstanding bank loan totaling $18,800. what is the owners equity?
Write down the conditions required for the spline : Why would we want to do this? Why not just use Newton's Interpolatory Divided Difference formula to get an nth degree interpolating polynomial? Write down the conditions required for the spline S(x) to fit the data and have 6 continuous derivative..
Calculate the total dollar amount of discount : Calculate the total dollar amount of discount or premium amortization during the first year (5/1/04 through 4/30/05) these bonds were outstanding. (Show computations and round to the nearest dollar.)
Rational functions-polynomials : Explain what makes a function a polynomial. Give an example of a function that is a polynomial and a function that is not a polynomial.
Define difference between sales journal and accounts : Can you distinguish between accuracy of tests of gross accounts receivable and tests of the realizable value of receivables?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd