Sunlight Company has assets and equity that amount to $200,000 and $90,000, respectively. Liabilities total ________

A) $90,000
B) $110,000
C) $200,000
D) $290,000


B .Liabilities = Assets - Equity
Liabilities = 200,000 - 90,000 = 110,000

Business

You might also like to view...

How can an ethical culture have a direct effect on the bottom line of an organization?

What will be an ideal response?

Business

An act by a corporation that is beyond its express or implied powers is called a(n) ________

A) Subchapter Revision S Act B) novation act C) cooperate code act D) ultra vires act

Business

Gill Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost

At the beginning of the year, Gill estimated total manufacturing overhead costs at $1,010,000 and total direct labor costs at $840,000. In June, Gill completed Job 511. The details of Job 511 are shown below. (Round to 2 decimal places.) Direct materials cost $23,500 Direct labor cost $13,000 Direct labor hours 300 hours Units of product produced 500 units How much was the total job cost of Job 511? (Round any percentages to two decimal places and your final answer to the nearest dollar.) A) $36,860 B) $52,100 C) $64,700 D) $37,100

Business

The theme dominating global financial markets today is the complexity of risks associated with financial globalization

List and explain examples of the complexity of risks affecting the leading and managing of multinational firms in the rapidly moving marketplace. What will be an ideal response?

Business