Someone invested $ 2 5 0 , 0 0 0 into my food truck business. I have

Fantastic news! We've Found the answer you've been seeking!

Question:

Someone invested $

250, 000

into my food truck business. I have a truck and equpment for $

87, 000

and expenses totaling $

113, 000 .

I need to pay back the $

250, 000 .

What would my balance sheet look like?

Posted Date: May 10, 2024 05:18 AM

See More Questions

Question: Old MathJax webview Old MathJax webview i need ans of these question but the source is alot Old MathJax webviewOld MathJax webview i need ans of these question but the source is alot these...
7) The second financial statement to prepare is the statement of retained eamings. To determine the ending balance of retained earnings you need to start with the opening balance as reported in the...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Mr. Yap bought a bond having a face value of Php 1,000.00 for Php 970.00. The bond rate was 14% nominal and dividends were made to him semiannually for a total of 7 years. At the end of the seventh...
Given your answer to Question 32, fit a different Poisson log- linear model to the CTR data that you believe may more accurately reflect the relationship between cancer incidence rates and age. The...
Fried dough is a popular North American food associated with outdoor food stands at carnivals, amusement parks, fairs, and festivals, etc. Usually dusted with powdered sugar and drenched in oil, it...
Choose a familiar clothing store. Describe its product mix, including its depth and width. Evaluate the mix and make suggestions to the owner.
Do you believe Michael Woodford did the right thing by blowing the whistle on accounting irregularities? Were there other options open to him? Once he was fired, could he have made a whistleblower's...
8 Harrison Company expects to sell 130,000 units of its product next year, which would generate total sales of $10,140,000. Management predicts that income for next year will be $1,180,000 and that...
Budget Problem Solutions 1. Sales budget: $ 9,500,000 2. schedule of expected cash collections: $9,482,500 2. A purchases budget: $5,377,500 3. Cash payment schedule: $5,362,500 4. A cash budget: $...
Find the absolute maximum and minimum values of each function over the indicated interval, and indicate the x-values at which they occur. 1x)=3x-2x.1-2.21 The absolute maximum value is at x= (Use a...
Identify actions which the auditor may take to avoid litigation.
a. What was the basis for the Hochfelder case? b. What is the significance of the decision in the case?
Enumerate the principal differences in legal liability between the two securities acts.
What are the responsibilities of the plaintiff and the defendant in a 1934 Act suit?
a. Distinguish between errors and irregularities. b. What is the auditor's basic responsibility for errors or irregularities?
Using these two global organizations UBER and WALMART, Question. explain how they have leveraged technology or streamlined its process to compete globally. Identify the organization's primary task...
What recommendations would you make to Big Four firms to help them (1) avoid confrontations with governmental officials in an authoritarian society and (2) deal effectively with such confrontations...
Danny Sutton Manufacturing Company is considering three new projects, each requiring an equipment investment of $$24,000$. Each project will last for 3 years and produce the Following " cash...
Caan Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $$120,000$ and will increase annual expenses by $$80,000$ including...
Padong Corporation is considering purchasing a new delivery truck. The truck has many advantages over the company's current truck (not the least of which is that it runs). The new truck would cost...

Someone invested $ 2 5 0 , 0 0 0 into my food truck business. I have

Question:

Expert Answer:

Answer Based on the information provided heres what your balance sheet would look like Balance Sheet ... View the full answer

Students also viewed these accounting questions