Jones Engineering has $60,000 in assets. They also have $25,000 in liabilities and $5,000 in expenses, and they paid out $7,500 in dividends this year. The extended accounting equation is assets = liabilities + (revenue (expenses + dividends)). What would their revenue need to be for their accounts to be in balance? a) $47,500 b) $35,000 c) Not enough information d) $20,000

Please give answer the accounting question not use ai

Cori's Corporation, has a book value of equity of $13,185. Long-term debt is $7,475. Net working capital, other than cash, is $1,915. Fixed assets are $17,940 and current liabilities are $1,625. a. How much cash does the company have? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. What is the value of the current assets? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. a. Cash b. Current assets

Saddleback Company paid off $36,000 of its accounts payable in cash. What would be the effects of this transaction on the accounting equation? Multiple Cholce Assets, $36,000 Increase; equlty. $36,000 Increase. Assets, $36,000 decrease: liabilitles, $36,000 decrease. Assets, $36,000 decrease; liabilities, $36,000 Increase. Llabilitles, $36,000 decrease; egulty, $36,000 Increase. Assets, $36,000 decrease; gulty $36,000 decrease.

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Smith manufacturing has $80,000 in assets solution general accounting question

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he Butler-Huron Company’s balance sheet and income statement for last year are as follows: Balance Sheet (in Millions of Dollars)           Assets     Liabilities and Equity             Cash and marketable securities $95   Accounts payable*** $810 Accounts receivable* 977   Accrued liabilities   Inventories** 1,825     (salaries and benefits) 584 Other current assets 45   Other current liabilities 290 Total current assets $2,942   Total current liabilities $1,684 Plant and equipment (net) 3,088   Long-term debt and other   Other assets 6,068     liabilities 2,764 Total assets $6,068   Common stock 152       Retained earnings 1,468       Total stockholders’ equity $1,620       Total liabilities and equity $6,068           *Assume that all sales are credit sales and that average accounts receivable are the same as ending accounts receivable. **Assume that average inventory over the year was the same as ending inventory. ***Assume that average…

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