Ask Question
BusinessBusiness
15 February, 17:22

For each of the following situations, compute the missing amount. a. Assets $ 67,500 - Liabilities $ 15,500 = Net worth $ b. Assets $ 85,000 - Liabilities $ = Net worth $ 22,700 c. Assets $ 35,280 - Liabilities $ 13,215 = Net worth $ d. Assets $ - Liabilities $ 39,845 = Net worth $ 55,154

+5
Answers (1)
  1. 15 February, 19:26
    0
    a. Assets $ 67,500 - Liabilities $ 15,500 = Net worth $52,000

    b. Assets $ 85,000 - Liabilities $62,300 = Net worth $ 22,700

    c. Assets $ 35,280 - Liabilities $ 13,215 = Net worth $22,065

    d. Assets $94,999 - Liabilities $39,845 = Net worth $ 55,154

    Explanation:

    Net worth of the business is the net value of assets after paying liabilities. It can be calculated by following formula

    Net worth = Total Assets - Total Liabilities

    a. Assets $ 67,500 - Liabilities $ 15,500 = Net worth $52,000

    Net worth = Assets - liabilities = $67,500 - $15,500 = $52,000

    b. Assets $ 85,000 - Liabilities $62,300 = Net worth $ 22,700

    Net worth = Assets - liabilities

    Liabilities = Assets - Net Worth

    Liabilities = $85,000 - $22,700 = $62,300

    c. Assets $ 35,280 - Liabilities $ 13,215 = Net worth $22,065

    Net worth = Assets - liabilities = $35,280 - $13,215 = $22,065

    d. Assets $94,999 - Liabilities $39,845 = Net worth $ 55,154

    Net worth = Assets - liabilities

    Assets = Net worth + liabilities

    Assets = $39,845 + $55,154 = $94,999
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “For each of the following situations, compute the missing amount. a. Assets $ 67,500 - Liabilities $ 15,500 = Net worth $ b. Assets $ ...” 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
The healthcare home medicaid website will publish data that will enable consumers to compare the quality of long-term facilities' care. there will be links to state website, summary of complaints of facilities, and any criminal violations
Answers (1)
Charisma, Inc., has debt outstanding with a face value of $6.2 million. The value of the firm if it were entirely financed by equity would be $29.9 million.
Answers (1)
On June 30, Coral, Inc. finished Job 750 with total job costs of $ 4 comma 400 , and transferred the costs to Finished Goods Inventory. On July 6, Coral sold goods to a customer for $ 5,800 cash.
Answers (1)
Cash of $100 received at the time a service was provided was journalized and posted as a debit to Cash $100 and a credit to Accounts Receivable $100.
Answers (1)
What type of policy would offer a 40-year old the quickest accumulation of cash value?
Answers (1)
New Questions in Business
At which level of production does the company make the most profit?
Answers (2)
In a scenario where we expect a shift in both supply and demand, if the demand for a product increases, the price will always increase True/False
Answers (1)
Econville has 100 million adult citizens. Of these, there are 40 million full-time workers and 20 million part-time workers. There are 2.
Answers (1)
Derrick Iverson is a divisional manager for Holston Company. His annual pay raises are largely determined by his division's return on investment (ROI), which has been above 25% each of the last three years.
Answers (1)
Ecco Company sold $151,000 of kitchen appliances with six-month warranties during September. The cost to repair defects under the warranty is estimated at 9% of the sales price.
Answers (1)
Home » Business » For each of the following situations, compute the missing amount. a. Assets $ 67,500 - Liabilities $ 15,500 = Net worth $ b. Assets $ 85,000 - Liabilities $ = Net worth $ 22,700 c. Assets $ 35,280 - Liabilities $ 13,215 = Net worth $ d.
Sign Up Forgot Password?