You own a restaurant. Your
assets include $6,500 in cash,
$2,400 in inventory, $8,000 in
equipment, and $15,000 for a
delivery vehicle. Your liabilities include $3,500
credit card balance, $2,200 in
bank loans, and $12,500 in
mortgage payments for the
restaurant.
What is your equity?

Question

05-12-2022
Business

Answered

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You own a restaurant. Your
assets include $6,500 in cash,
$2,400 in inventory, $8,000 in
equipment, and $15,000 for a
delivery vehicle. Your liabilities include $3,500
credit card balance, $2,200 in
bank loans, and $12,500 in
mortgage payments for the
restaurant.
What is your equity?

Sagot :

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