Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 2587 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
Define a solvent?
Explain how does a tank-blanketing valve operate?
What is maximum recommended velocity for steam in a plant pipe network?
What are some common methods for helium leak testing a vacuum system?
How is waste heat boilers categorized?
sir i am appearing in railway exam of section engineer and my branch is chemical engineering i want previous question paper of section engineer of chemical branch please tell me as soon as possible my email id is surendrasaroj18@gmail.com THANKYOU
What is gibbs free energy?
Explain how are vessel lined with glass or how are they coated?
Define condensate lift?
What are the merits of using a falling film evaporator?
What are the effects of oils on the properties of Polyolefins?
What are some good tank mixing rules of thumb?
what is load and what are the types of load?
How much will be the increment for postal assistant yearly?
What are the main terms in unit operations? What are its characteristics?
