![MindTap Introduction to Business for Pride/Hughes/Kapoor's Foundations of Business, 5th Edition, [Instant Access], 1 term (6 months)](https://www.bartleby.com/isbn_cover_images/9781305511538/9781305511538_largeCoverImage.jpg)
MindTap Introduction to Business for Pride/Hughes/Kapoor's Foundations of Business, 5th Edition, [Instant Access], 1 term (6 months)
5th Edition
ISBN: 9781305511538
Author: William M. Pride; Robert J. Hughes; Jack R. Kapoor
Publisher: Cengage Learning US
expand_more
expand_more
format_list_bulleted
Question
Chapter 15.5D, Problem 4CC
Summary Introduction
To determine: The value of owners’ equity.
Introduction: Owners’ equity, regularly called net assets, is the owners' claim to organization assets after the greater part of the liabilities have been paid off. Basically, if the business assets were liquidated to pay off creditors, the abundance cash left finished would be viewed as owners' equity.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
If a business firm has assets worth $170,000 and liabilities that total $40,000, what is the value of the owners’ equity?
Suppose you own a mutual fund that has 10,553,027 shares outstanding. If its total assets are $37,575,020 and its liabilities are $12,684,759, find the net asset value of the fund.
Cleveland Corporation has 100,000 shares of common stock outstanding, its net income is $750,000,and its P/E is 8. What is the company’s stock price?
Chapter 15 Solutions
MindTap Introduction to Business for Pride/Hughes/Kapoor's Foundations of Business, 5th Edition, [Instant Access], 1 term (6 months)
Ch. 15.1D - Prob. 1CCCh. 15.1D - Prob. 2CCCh. 15.1D - Prob. 3CCCh. 15.1D - Prob. 4CCCh. 15.2B - Prob. 1CCCh. 15.2B - Prob. 2CCCh. 15.2B - Prob. 3CCCh. 15.3E - Prob. 1CCCh. 15.3E - Prob. 2CCCh. 15.3E - Prob. 3CC
Ch. 15.4C - Prob. 1CCCh. 15.4C - Prob. 2CCCh. 15.4C - Prob. 3CCCh. 15.5D - Prob. 1CCCh. 15.5D - Prob. 2CCCh. 15.5D - Prob. 3CCCh. 15.5D - Prob. 4CCCh. 15.6D - Prob. 1CCCh. 15.6D - Prob. 2CCCh. 15.6D - Prob. 3CCCh. 15.7 - Prob. 1CCCh. 15.7 - Prob. 2CCCh. 15.8 - Prob. 1CCCh. 15.8 - Prob. 2CCCh. 15 - Prob. 1DQCh. 15 - Prob. 2DQCh. 15 - Prob. 3DQCh. 15 - Prob. 4DQCh. 15 - Prob. 5DQCh. 15 - Prob. 6DQ
Knowledge Booster
Similar questions
- Suppose you own a mutual fund which has 17,000,000 shares outstanding. If its total assets are $38,000,000 and its liabilities are $7,000,000, find the net asset value (in $) of the fund. Round to the nearest cent. $arrow_forwardProperties, things and receivables having certain value owned by business are called: Assets Goods Liabilities None of the abovearrow_forwardNow that we've looked at the operations of the stock market, let's review how well we can predict the future. If you had an aunt who offered to buy you 50 shares of any stock you desired, which company would you choose, and why would you select them? Part of your post should address 1. the current price and 2. if you intend to hold on to the stock for a long time or see it as a short term investment. While I won't be in touch to remind you, write down the particulars of stock somewhere and check it out around the same time next year... see how you did "in the market"!arrow_forward
- You have just received a business valuation report that is dated six months ago. Describe the factors that might have changed during the past six months and, therefore, caused the value of the business today to be different from the value six months ago. Which of these changes affect the expected cash flows, and which affect the discount rate that you would use in a discounted cash flow valuation of this company?arrow_forwardConsider the following balance sheet: Cash $70,000 Accounts receivable $30,000 Inventories $50,000 Net fixed assets $350,000 Total assets $500,000 Accounts payable $30,000 Long-term debt $20,000 Common stock $200,000 Retained earnings $250,000 Total liabilities and equity $500,000 Assume that the business uses $30,000 of its cash to pay salaries. Which of the following statements reflects the resulting balance sheet change?arrow_forwardThe major difference between realizing a capital loss or a business investment loss is the sale of shares or write-off of debts of a Small Business Corporation. True Falsearrow_forward
- To attract, satisfy, and retain the better customers during the upcoming year, a business would need: Cash The desire to make the employees happy because happy employees make the customers happy A good capital structure Satisfied stockholdersarrow_forwardWhat factors should businesses consider when determining financing needs to determine whether they can repay the debt? a. Inventory b. Depreciation c. Liquidity d. Equityarrow_forwardA company has $500 million in total assets, $10 million in notes payable, and $45.6 million in long-term debt. What is the debt ratio?arrow_forward
- The amount paid for stock is the most a shareholder can lose in the corporate form of ownership.; True or Falsearrow_forwardYou purchased the stock of Sargent Motors at a price of $75.75 one year ago today. If you sell the stock today for $89.00, what is your holding period return?arrow_forwardWhen an asset can be easily and rapidly converted into cash without substantial loss of value, the asset is said to bearrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning