Suppose a local catering company owes 15,000 on a van they use ...

[kshipps]

Suppose a local catering company owes 15,000 on a van they use for deliveries. The owner's equity is 72,000. What must the value be of the company's owner's equity?
 A) 15,000
  B) 75,000
  C) 87,000
  D) 57,000
  E) 43,000

Question 2

Many organizations today are moving toward a _____ organization in an effort to make decisions more quickly and implement them right away. Although this entails less management control, it increases efficiency and market responsiveness.
 A) taller
  B) higher
  C) flatter
  D) rigid
  E) specialized

[tjayeee]

Answer to Question 1

D

Answer to Question 2

C