Katie's Vegetarian Restaurant, with total assets of $90,000, borrows $15,000 from the bank. Which of the following is a true statement upon borrowing the money?
A. Total assets are now $105,000.
B. Total assets are now $80,000.
C. Total assets are now $15,000.
D. Total assets are now $75,000.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Katie's Vegetarian Restaurant, with total assets of $90,000, borrows $15,000 from the bank. Which of the following is a true statement upon ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Given that c=$500 + 0.8yd, if the level of disposable income is $1,000, the level of saving is a) $300. b) - $300 c) $500 d) - $1,300
Answers (1)
Your bank offers you a $40,000 line of credit with an interest rate of 1.75 percent per quarter. The loan agreement also requires that 2 percent of the unused portion of the credit line be deposited in a non-interest bearing account as a
Answers (1)
Spanos Corporation reported net income $26,000, net sales $400,000, and weighted-average common shares outstanding 4,000. There were preferred dividends of $2,000. What was the 2022 earnings per share?
Answers (1)
Determine what a person should take into account when purchains expensive, durable goods.
Answers (1)
Complete the recursive formula of the geometric sequence 500, 200, 80, 32 ...
Answers (1)
New Questions in Business
When the rate of inflation is equal to the interest rate on beth's deposit, the purchasing power of her depositrises over the course of the year?
Answers (1)
A. Credit scores reflect how likely individuals are to repay their debts. B. Credit scores range from the low 300's to the mid 800's. C. Each person has three credit scores. D. All of the above.
Answers (1)
Which of the following is not a characteristic of intangible assets? (a) They lack physical existence. (b) They are not financial instruments. (c) They are long-term in nature. (d) They are all subject to amortization.
Answers (1)
Run-of-the-Mills provides your marketing firm with the following dа ta: When the price of penguin patties decreases by 20%, the quantity of raskels sold decreases by 22% and the quantity of kipples sold increases by 7%.
Answers (1)
Colter Steel has $5,400,000 in assets. Temporary current assets $ 2,800,000 Permanent current assets 1,590,000 Fixed assets 1,010,000 Total assets $ 5,400,000 Short-term rates are 12 percent. Long-term rates are 17 percent.
Answers (1)