User Account

All Pages

How much equity does joe have in the business

Assignment Help Accounting Basics
Reference no: EM132047449

Question - Owners equity represents the residual interest that Joe would have in his business. In other words, the assets of the business less its liabilities.

Joe's Mechanical Workshop started business with $24,000 cash and a truck worth $40,000. He purchased some tools. Paid $24,000 for half the tools and borrowed the balance from the bank. How much equity does Joe have in the business?

Reference no: EM132047449

Questions Cloud

Potential for feedback.would that be effective : Analyze the message, the channel, and the potential for feedback.would that be effective? would the manager send the same type of message?
What is simon personal revenue : He is paid his weekly wage of $450, receives a gift of $80 and spends $30 on a new compact disc. What is Simon's personal revenue
Safe workplace often negotiation is a required skill : When managing a a safe workplace often negotiation is a required skill. But I am having trouble with negation and when this might be used!
How to reorganize a subsidiary corporation : The client is trying to decide how to reorganize a subsidiary corporation in a consolidated group and has come to you for advice.
How much equity does joe have in the business : He purchased some tools. Paid $24,000 for half the tools and borrowed the balance from the bank. How much equity does Joe have in the business
What are the pros and cons of government regulation : What are the pros and cons of government regulation of health care products and services to the consumer?
Determine the transaction price for the product : Martz estimates a standalone selling price of $2.50 per point, Determine the transaction price for the product and the customer loyalty points
Compute the margin of safety in dollars : Glacier Company estimates that variable costs will be 62.5% of sales, Assuming actual sales are $2 million, compute the margin of safety in dollars
Strategy and under the context : Four corporate-level growth strategies include vertical, horizontal, concentric (related) and conglomerate (diversified).

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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