ACCOUNTING AND FINANCIAL ENGINEERING - EXAMPLE 34.11 : Let an Accounting Equation to be : Assets = Liabilities + Equity of Owner. In a biochemical engineering organization, its account balance sheet contains the following information : Accounts payable $2200; accounts receivable $1500; line of credit $500; cash $100; long term debt $3800; inventory $1300; investments $800; plant equipment $6800. Find the equity of owner by applying Accounting Equation.
- 1 Answers
- 1475 Views
- I also Faced
- E-Mail Answers
Answer Posted / kangchuentat
ACCOUNTING AND FINANCIAL ENGINEERING - ANSWER 34.11 : Total asset = accounts receivable $1500 + cash $100 + inventory $1300 + investments $800 + plant equipment $6800 = $10500. Total liabilities = accounts payable $2200 + line of credit $500 + long term debt $3800 = $6500. Equity of owner = total assets - total liabilities = $10500 - $6500 = $4000. The answer is given by Kang Chuen Tat; PO Box 6263, Dandenong, Victoria VIC 3175, Australia; SMS +61405421706; chuentat@hotmail.com; http://kangchuentat.wordpress.com.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
how does the properties of an element changes by increasing protons and electrons?
how much maximum power can be generated by 320v, 10kg-cm synchronus motor if shaft is roteted mechanically at 50 to 60 rpm?
How can you estimate a gas flow based on two pressure measurements?
What are the Major Utility Systems in a Pharma Plant? How are they interrelated?
What is the order of a chemical reaction, , if the rate of formation of 'C', increases by a factor of 2.82 on doubling the concentration of 'A' and increases by a factor of 9 on trebling the concentration of 'B'?
Explain what is the best way to configure a bypass line in slurry services?
Why is a vacuum breaker used on shell and tube heat exchangers that are utilizing steam as the heating utility?
How i can calculate heat transfer in reactor at unsteady state and what data should i have? I want equation and process to calculate it? As there is steam or brine in jacket
What are the different ways in which solids can be blended?
What are angle of repose applications in the chemical industry?
Why should a magnesium ribbon be cleaned before burning in air?
Explain how can you estimate the efficiency of a pump?
What is the process of including heat exchangers in ammonia refrigeration system?
Explain what is a quick way to calculate frictional pressure drops in carbon steel pipe?
Explain the different ways in which solids can be blended?
