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

Question

23-03-2020
Business

contestada

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

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hyderali230 hyderali230 · Answer 1 · 2020-03-27T03:18:16+01:00

Answer:

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

amcool amcool · Answer 2 · 2020-03-27T11:06:55+01:00

Answer:

a. Net worth = $52,000

b. Liabilities = $62,300

c. Net worth = $22,065

d. Assets = $94,799

Explanation:

This is an example of an accounting equation in which assets must always be equal to the addition of liabilities and net worth or shareholder’s equity. This can be stated as follows:

Assets = Liabilities + Shareholders' equity or Net worth

The missing amounts can therefore be calculated as follows:

a. Assets $ 67,500 − Liabilities $ 15,500 = Net worth $

Net worth = $67,500 − $15,500 = $52,000

b. Assets $ 85,000 − Liabilities $ = Net worth $ 22,700

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

c. Assets $ 35,280 − Liabilities $ 13,215 = Net worth $

Net worth = $35,280 – $13,215 = $22,065

d. Assets $ − Liabilities $ 39,845 = Net worth $ 55,154

Assets = $55,154 + $39,645 = $94,799