Springfield Bakery has the following financial information: • Current assets: $7,500 . Fixed assets: $15,800 • . Current liabilities: $5,200 Long-term debt: $7,100 What is the value of Springfield Bakery's Owner's Equity? (Round to nearest penny.)
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- Veltri Incorporated has the following assets and liabilities (assets are stated at net realizable value): Assets pledged with secured creditors $ 80,000 Assets pledged with partially secured creditors 70,000 Other assets 180,000 Secured liabilities 40,000 Partially secured liabilities 95,000 Liabilities with priority 55,000 Unsecured liabilities 225,000 In a liquidation, how much money would be paid on the partially secured liabilities?A lender lends $10000 which is to be repaid in annual payments of $2100 for 6 years. Which of the following shows the timeline of the loan from the lenders perspective?need help this question
- What is the value of the current liabilities?A local business received a $45,000 loan at 4.95% compounded monthly. The business settled the loan with quarterly payments of $625. a. How many payments are required to settle the loan? Round up to the nearest whole payment. b. What was the interest portion of payment 61? $0.00 Round to the nearest cent c. What was the size of the final payment? Round to the nearest cent.The entity has an unsecured overdraft of R20000 at prospect Bank that carries an interest rate of 22% per annum. In which one of the following statement will this item be shown? A.Statement of financial position as a current liability B.Statement of financial position as a non current liability C.Statement of income and expenditure as finance costs C.Statement of financial position as current asset