Suppose a local catering company owes $15,000 on a van they use for deliveries.This is the only debt that the company has. The owner's equity is $72,000. Based on this information, the company's assets must be _______.

Fill in the blank(s) with the appropriate word(s).


Answer : $57,000

Business

You might also like to view...

Stylize, Inc. opened an online store that triggered disagreements between headquarters and the firm's exclusive dealers. This type of a disagreement is known as a(n) ________ conflict

A) vertical B) indirect C) horizontal D) selective E) multitiered

Business

Now that his team is working toward a group incentive, Steven does not leave work early or take long lunches. He feels that doing so would let down his group members. He has started working harder and slacking off less to help make the group successful. This illustrates which advantage of group incentives?

A. They promote better teamwork. B. They broaden individual outlook. C. They require less supervision. D. They are easier to develop than individual incentive programs.

Business

A _______ is a business regimen that enhances the ability of a supplier firm, resellers, and third-party service providers to seamlessly integrate and synchronize their operations, selling, marketing, and servicing efforts

a. partner relationship management system b. performance and activity reports c. expense-to-revenue ratios d. turns x earns

Business

Process costing is most appropriate for manufacturers of homogeneous products

Indicate whether the statement is true or false

Business