Author Question: Jan showed the following financial items in 2007 and 2008: 2007 2008 Salary 22,000 20,000 ... (Read 140 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?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

For a complete list of videos, visit our video library