What are the totals of assets and liabilities for business

Assignment Help Finance Basics
Reference no: EM13261397

You are preparing a balance sheet for A Cake Too Far, a small local bakery. The owner lists for you their assets and liabilities. They have $4,500 cash, and an additional $1,675 in accounts receivable. They have a total of $1,200 in accounts payable, as well as $1,890 in wages payable. The business has a current inventory worth $375, and food and baking supplies worth $1,450. The bakery has a total of $15,400 on its mortgage for the property it sits on. They also have $18,500 in business equipment they own, and owe $1,600 in loans for new equipment. According to this list, what are the totals of assets and liabilities for the business?

Reference no: EM13261397

Questions Cloud

What is the national film board : What is the National Film Board (NFB)? What role has it played in the development of film in Canada? What issues currently face it? What do role do you think the NFB should play in the future?
How many degrees will the tanks surface : an electric transformer is in a cylinderical tank 60cm in diameter and 1 meter high, with a flat top and bottom. how many degrees will the tanks surface rise above room temperature
Discuss problems of stereotyping and prejudice encountered : Discuss problems of stereotyping and prejudice encountered by non-Western because of outgroup perceptions and the media.
What is minimum snr required to achieve 720 kbps data rate : Suppose that OFDM is used with 15 kHz subchannels. (Two subchannels are used as guard channels on either side of the band.) Specify an OFDM symbol rate and modulation format for each subchannel that can achieve the target rate.
What are the totals of assets and liabilities for business : They also have $18,500 in business equipment they own, and owe $1,600 in loans for new equipment. According to this list, what are the totals of assets and liabilities for the business?
Calculate the new induced emf : A slinky with N even loops of area A is L long. You hook it up to a circuit and increase the current at a rate of 2.0 A/s, Now calculate the new induced EMF
Which alternative is better deal : Assume that if you take the rebate, you will apply it toward the purchase. Which alternative is better deal?
What discount rate is being used to value the stock : Everest, Inc.'s preferred stock has a par value of $1,000 and a dividend equal to 13.0% of the par value. The stock is currently selling for $907.00.
How many helium atoms are in the cylinder : A 20.0cm -diameter cylinder of helium gas is 50.0cm long and at 30.0 ?C. The pressure gauge reads 130psi, How many helium atoms are in the cylinder

Reviews

Write a Review

Finance Basics Questions & Answers

  Decision making models and preferred stock

Given two projects, what are the decision models that you can use to make a decision as to which project you should accept? Which is the better?

  Relationship in earnings per share and the lebel of ebit

Cain Auto Supplies and Able Auto Parts are competitors in aftermarket for auto supplies. The seperate capital structures for Cain and Able are listed below;

  Determine correct statement concerning risk premium

Determine correct statement concerning risk premium and alse find which of the following statements are correct concerning the variance of the annual returns on an investment.

  Determine overall percentage decrease in total assets

The Following data was reported by Gap, Inc in its 2006 yearly report. Estimate the overall percentage decrease in total assets from 2002 to 2006.

  Accept or else reject the project under npv

Accept or else reject the Project under NPV and Profitability Index and What is the net present value of a project with the following cash flows and a required return of 12%

  What is the bonds yield to maturity

You just purchased a bond that matures in 4 years. The bond has a face value of $1,000 and has an 9% annual coupon. The bond has a current yield of 7.63%. What is the bond's yield to maturity? Round your answer to two decimal places.

  Determine the main goals of the company

Planning is essential to an management's success in the market. There are many different types of planning processes to help a organization estimate what focus or initiative a business wants to take with their customer.

  Calculate the geometric average return

Assume a particular investment earns a return of 10% in year 1, -5% (note MINUS 5%) in year 2, and 30 percent in year 3.

  Value of position change

A position has modified duration of 25 years is worth $100 million. The term structure is flat. By how much does the value of position change if interest values change through 25 basis points?

  Calculation of margin

Phoenix Trader opens a brokerage account and purchases 600 shares of Widget Company at $50 per share. He borrows $6,000 from his broker to help pay for buy.

  Calculate the rate of benefits

Teri's yearly salary is$17,470. Benefits consist of one week paid vacation, 8 paid holidays, 80 percent of a total health insurance package costing $2100, 3 percent unemploymnt insurance,

  Positive correlation with the market

A highly risk-averse investor is considering adding one additional stock to a 3-stock portfolio, to form a 4-stock portfolio. The three stocks currently held all have b = 1.0 and a perfect positive correlation with the market.

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