Do fast answer of this accounting questions Carson Company has receivables of $85,000, equipment valued at$275,000, and cash of $45,000. The company has a $145,000 notepayable and owes $95,000 to suppliers. What is Carson's ownerequity?a. $45,000b. $165,000c. $240,000d. $405,000

Step 1: Definition of Owner's EquityOwner's Equity: This is the residual interest in the assets of a…

Answered: Carson Company has receivables of…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 4MC: A car dealership sells a car to a customer for $35,000. The customer makes a 10% down payment, and...

See similar textbooks

Similar questions

Payable Amount?
Flyer Company has provided the following information • Cash sales, $325,000 • Credit sales, $850.000 Selling and administrative expenses, $220,000 • Sales retums and allowances, S75,000 Gross profit, $830,000 • Increase in accounts receivable $75,000 • Bad debt expense, $28,000 Sales discounts, 552,000 • Net income, $920,000 How much is Newark's cost of sales?
Expert answer
3 Your business makes cash sales of $100 000 worth of goods (plus GST of 10%) and collected up front. What current liability does the sale create? cash a none b unearned revenue of $10000 GST payable of $10000 d sales revenue of $110000
FDN Company sold goods amounting to P5,000 on account. Freight is on terms FOB shipping point, Prepaid for P600. How much should be credited to Cash?
Newark Company has provided the following information:· Cash sales, $450,000· Credit sales, $1,350,000· Selling and administrative expenses, $330,000· Sales returns and allowances, $90,000· Depreciation expense, $101,000· Gross profit, $1,360,000· Increase in accounts receivable, $55,000· Bad debt expense, $33,000· Sales discounts, $43,000How much is Newark's cost of goods sold? Group of answer choices A)$307,000 B)$252,000 C)$440,000 D)$340,000
based on the attached financials would you give this businss a loan. Mr. Richardson and take a $250,000 salary and his wife has $556,325. They have no debt and house worth 1.3M
Show detailed answer fr upvotes?
Need help with this question
How to solve these?
Need Answer
Agnieszka Ltd borrowed £15,000,000. from a bank and used it to buy a warehouse. Which of the following is now an asset in the accounts od Agnieszka Ltd? a. the rent received by subletting part od the warehouse b. The warehouse C. The £15 million d. The interest paid by Agnieszka Ltd on the loan

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS

Carson Company has receivables of $85,000, equipment valued at $275,000, and cash of $45,000. The company has a $145,000 note payable and owes $95,000 to suppliers. What is Carson's owner equity? a. $45,000 b. $165,000 c. $240,000 d. $405,000