Author Question: Jan showed the following financial items in 2007 and 2008: 2007 2008 Salary 22,000 20,000 ... (Read 138 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
Jan showed the following financial items in 2007 and 2008:
 
  2007 2008
  Salary 22,000 20,000
  Payroll taxes 4,000 3,500
  Other inflexible expenses 11,000 11,000
  Flexible expenses 6,000 5,300
 
  In relation to 2007's savings, Jan's savings in 2008
  A)
 
  decreased by 800.
  B)
 
  decreased by 200.
  C)
 
  increased by 200.
  D)
 
  increased by 800.

Question 2

Siskiyou, Inc. has total current assets of 1,200,000; total current liabilities of 500,000; long-term
  assets of 800,000; and long-term debt of 600,000. How much is the firm's total equity?
 
  A) 1,200,000 B) 900,000 C) 800,000 D) 2,000,000


zogaridan

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

For a complete list of videos, visit our video library