Answer:
When the bond's coupon rate is greater to the bondholder's required return, the bond's intrinsic value will EXCEED (be less than/exceed/equal) its par value, and the bond will trade at a premium.
When the bond's coupon rate is less than the bondholder's required return, the bond's intrinsic value will be less than its par value, and the bond will trade AT A DISCOUNT (at a premium/at par/at a discount).
Explanation:
When the coupon rate of a bond, e.g. 5%, is less than the market rate, e.g. 6%, the value of hte bond will be lower than the face value, therefore, it will be sold at a discount.
On the other hand, if the coupon rate, e.g. 6%, is higher than the market rate, e.g. 5%, the value of the bond will be higher than the face value, therefore, it will sell at a premium.
A business owner is aware that the Department of Labor has created rules
that require overtime pay for employees. When he works his employees more
than 40 hours in one week, he makes sure that he works them less than 40
hours the following week. The business owner feels that it is fair to average
the number of hours worked over the two weeks covered by the pay period
and use that number for calculating overtime pay. A representative of the
Department of Labor informs him that their regulations do not permit this.
Which of the following is true in this situation?
A. The business owner is only obligated to follow the regulations of
the Department of Labor if one of his employees files a formal
request.
B. Because the Department of Labor is merely a government agency,
their regulations do not have the force of law and can be viewed
as guidelines rather than requirements.
C. The regulations of the Department of Labor have no authority over
private businesses, only over public corporations.
• D. The regulations of the Department of Labor are administrative law
and must be followed by the business owner.
Business refers to an enterprising entity or organization that carries out professional activities.
What is the meaning of Business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. For-profit businesses operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
An economic institution known as a business produces and/or distributes goods and services to make money and accumulate wealth. Whatever the type of business entity, such as a sole proprietorship, a Hindu undivided family, or a partnership firm.
Learn more about business here|:
https://brainly.com/question/29896340?
#SPJ1
When is the best time in a business's lifecycle to focus on networking?
During expansion
O Anytime
O When a business is declining
Answer immediately
Answer:
Phase Five: Decline In the final stage of the business life cycle, sales, profit, and cash flow all decline. During this phase, companies
When you set up an informational interview, you need to think about your objectives. For one thing, you want to gain ____________
from the person that you’re interviewing to help you learn about the career field. The questions that you choose to ask will help you learn the information that interests you most. You can also ____________
which will help you have a better chance of receiving a job offer in the future. You can follow up with this individual and learn about positions that become available.
Answer:
Firsthand information, Expand your professional network
Explanation:
Plato
Suppose the demand for French bread rises. Explain what happens to producer surplus in the market for French bread. Explain what happens to producer surplus in the market for flour.
Answer:
When the demand for French bread rises, the price of French bread will likely increase as well. This means that the quantity of French bread that sellers are willing and able to sell at each price will increase. As a result, the total amount of revenue that sellers of French bread receive will increase, which means that producer surplus in the market for French bread will increase.
In the market for flour, the increase in demand for French bread may lead to an increase in the price of flour. This is because the increased demand for French bread will likely increase the demand for flour as well, since flour is a key ingredient in making French bread. As the price of flour increases, the producer surplus in the market for flour will also increase.
It's worth noting that the exact change in producer surplus in the market for flour will depend on the elasticity of supply of flour. If the supply of flour is relatively inelastic, the increase in price will result in a larger increase in producer surplus, whereas if the supply of flour is more elastic, the increase in price will result in a smaller increase in producer surplus
A company purchased a 3-acre tract of land for a building site for $480,000. The company demolished the old building at a cost of $25,000, but was able to sell scrap from the building for $2,800. The cost of title transfer was $1,550 and attorney fees for reviewing the contract was $760. Property taxes paid were $9,500, of which $900 covered the period after the purchase date. The capitalized cost of the land is: Multiple Choice $514,860. $514,610. $513,110. $379,610.
Answer:
$513,110
Explanation:
The computation of the cost of the land is shown below:
= Purchase tract of land + demolished cost of old building - scrap of the building + title transfer cost + attorney fees + property taxes - amount covered the period
= $480,000 + $25,000 - $2,800 + $1,550 + $760 + $9,500 - $900
= $513,110
We simply applied the above formula
Pepper Department store allocates its service department expenses to its various operating (sales) departments. The following data is available for its service departments:
Expense Basis for allocation Amount
Rent Square feet of floor space $ 30,000
Advertising Amount of dollar sales 36,000
Administrative Number of employees 51,000
The following information is available for its three operating (sales) departments:
Department Square Feet Dollar Sales Number of employees
A 3,200 $ 236,000 5
B 4,800 $ 354,000 7
C 8,000 $ 590,000 8
Totals 16,000 $ 1,180,000 20
What is the total expense allocated to Department B?
How does consumer law damage business?
Complying with the law will avoid legal problems and assure customers about the quality of the products sold by a business. ... It will also help to maintain a good reputation for the business.
Please help me look for the answer to this question!!!
On July 1, 2019, Sheridan Company purchased new equipment for $80,000. Its estimated useful life was 8 years with a $12,000
salvage value. On December 31, 2022, (before calculating annual depreciation) the company estimated that the equipment's
remaining useful life was 10 years, with a revised salvage value of $5,000
(what is in the red box is incorrect)
The depreciation expense entry on Dec 31, 2019 is
DR Depreciation Expense $4250
CR Accumulated Depreciation $4250
The depreciation expense entry on Dec 31, 2020 is
DR Depreciation Expense $8500
CR Accumulated Depreciation $8500
Revised Annual depreciation to be charged on Dec 31, 2022 is $5375
The depreciation expense entry on Dec 31, 2022 is
DR Depreciation Expense $5375
CR Accumulated Depreciation $5375
Balance Accumulated Depreciation as on Dec 31, 2022 is $26,625
What is Depreciation?Depreciation is a systematic allocation of cost of an asset over the useful life. Depreciation is charged monthly or annually according to the policy. Depreciation can be calculated using straight line method or reducing method, these two are common methods of you of calculating depreciation.
In the case scenario provided in the question the depreciation was initially charged on eight years while the revised depreciation estimated that the useful life of the asset remaining is 10 years. The asset value is first deducted from the salvage value of the asset then divided by the number of estimated useful life. Revised depreciation can be calculated by taking the original amount of the asset minus accumulated depreciation till date minus salvage value then divide into revised useful remaining life of the asset.
Learn more about depreciation at https://brainly.com/question/27386044
#SPJ1
ABC Inc. has the following data for September:
Physical Units
Units in beginning work in process 8,000 units
Percentage complete:
Materials 100 %
Conversion costs 50 %
Units Started in September 10,000 units
Units completed & transferred out 15,000 units
Units in ending work in process 0 ?
Percentage complete:
Materials 100 %
Conversion costs 20 %
Costs
Materials Conversion Costs
Beginning work in process $20,000 $ 6,000
Costs added during September $30,000 $40,000
Calculate cost per equivalent unit for conversion cost
Using FIFO method & calculate:
(1) Prepare a physical unit schedule.
(2) Compute equivalent units.
(3) Compute unit costs.
(4) Prepare a cost reconciliation schedule.
The cost per equivalent unit for conversion cost is 9,000 units.
What is a cost?The cost is the amount of money needed to produce, market, and sell goods and services or buy assets.
When a product is sold or consumed, a cost is charged to expense. In the case of a buying of an asset, the charge to expense could be significantly deferred.
The cost concept underlies the transition of assets from the balance sheet to expenses in the income statement.
The cost can be a fixed cost like the lease of a building which will not vary every month or can be a variable cost like the telephone cost which can vary every month.
The cost per equivalent unit for conversion cost is 9,000 units.
Read more about cost here:
https://brainly.com/question/29509552
#SPJ1
why do you think p2p apps have become so popular?
P2P payment apps are popular in the U.S. because they make the exchange of money easy. Nearly half (46%) of smartphone owners say they regularly use peer-to-peer payment apps. These apps offer convenience and flexibility when it comes to making payments.
Consider the types of expenses you would track and how you
prioritize them.
Answer:
Some of the types of expenses that you should track, and how to prioritize them are:
1. Fixed expenses
Fixed expenses are those that stay the same each month, regardless of your income or spending. Rent, car payments, and insurance are all examples of fixed expenses. These expenses are important to track because they can make up a large portion of your monthly spending. By tracking your fixed expenses, you can see where your money is going and make sure that you are not overspending in any one area.
2. Variable expenses
Variable expenses are those that change each month, depending on your spending habits. Groceries, dining out, and entertainment are all examples of variable expenses. These expenses are also important to track, but they are not as critical as fixed expenses. By tracking your variable expenses, you can see where you can cut back if you need to save money.
3. Discretionary expenses
Discretionary expenses are those that you can choose to spend money on or not. Clothes, vacations, and gifts are all examples of discretionary expenses. These expenses are the least important to track, but they can still add up over time. By tracking your discretionary expenses, you can make sure that you are not spending more than you can afford.
Here is a list of the types of expenses you should track, in order of priority:
Fixed expensesVariable expensesDiscretionary expensesBy tracking your expenses, you can get a better understanding of your spending habits and make sure that you are not overspending in any one area. This can help you to save money and reach your financial goals.
explain the following concepts:
1. "Equal pay for equal work"
2. "Equal pay for comparable work"
Explanation:
I believe the first one is saying that your pay should be based on your work performance. If you are doing a good job, you should be given a good paycheck, "equal pay for equal work." if you are performing poorly than you be given a small amount, all based on work performance. For example, sales. How much you are able to sale will determine how much you would get paid.
The second one
1. comparable work as in how consistent you are, for example you do good one day and bad the other day.
^ I would explain further but I have to go to bed, hope you understand what I mean and hope this helps!
In a small town, there are two discount stores ABC and XYZ. They are the only stores that handle the festival goods. The total number of customers is equally divided between the two because the price and quality of goods sold are equal. Both stores have good reputations in the community, and they render equally good customer services Assume. that a gain of customer ABC byis a loss to XYZ and vice versa. Both stores plan to run annual pre-Christmasale during the first week of December. Sales are advertised through the local news paper,radio and television media.With the
aid of advertising thef payofforABC store is constructed and given. below
XYZ store
News paper Radio Television
News paper 30 40 -80
ABC radio 0 15 -20
Television 90 20 50
Find optimal strategiesbothfor stores and the value of the game.
An approach for analysing situations where parties, or players, make interdependent decisions is provided by the field of applied mathematics known as game theory.
What is the aid of advertising thef payoff?Each player's decision or plan must take into account the prospective actions or strategies of the other players because of their interconnection.
A game's solution outlines the optimal decisions taken by players, who may have similar, opposing, or mixed interests, as well as the potential outcomes. Parlor games have been studied using game theory, although its applications are much more varied.
In reality, American economist Oskar Morgenstern and American mathematician John von Neumann of Hungarian and German ancestry developed game theory to address economics-related problems. They were Princeton University classmates.
Therefore, Although newspaper is the best course of action for XYZ, television is the best course of action for ABC.
Learn more about advertising here:
https://brainly.com/question/3163475
#SPJ1
An employee's allowances determine:
A. the amount of Social Security tax withheld
B. the amount of unemployment tax owed
C. the amount of federal income tax withheld
D. the amount of Medicare tax withheld
During the tax year 2022–2023, the Employment Allowance enables qualifying firms to pay up to £5,000 less in National Insurance. Its purpose is to assist smaller firms with their labor expenses.
What is the employee allowance?
An exemption that reduces the amount of income tax you need to withhold from an employee's paycheck is known as a withholding allowance. Smaller withholding allowances result in bigger income tax deductions, whereas larger allowances result in fewer income tax deductions.
Your filing status, the number of jobs you have, and whether or not you have dependents all play a role in this. A single individual with one job, for instance, will claim less allowances than a married person with kids.
The three categories of allowances are as follows. There are three different classifications of allowances: non-taxable, partially taxable, and taxable. An allowance is a sum of money determined by the contract terms to be added to the agreed-upon payment to cover the expense of specific but unspecified prescribed goods.
Learn more about employee allowance:
https://brainly.com/question/9029791
#SPJ1
It's a personal question
When purchasing stocks, my options are_______.
If I had an opportunity to purchase
stocks, I would choose______.
because_______.
When purchasing stocks, my options are call and put. If I had an opportunity to purchase stocks, I would choose call because the value of call option are increases when the stock price goes up.
How do beginners buy stocks?Depositing funds into an online investment account, which can later be used to purchase shares of stock or stock mutual funds, is one of the greatest ways for novices to learn how to invest in stocks. You can open a brokerage account and begin investing for the cost of one share in many cases.
Using an online stockbroker is the simplest way to purchase stocks. You can quickly purchase stocks on the broker's website after creating and financing your account. Other choices include purchasing shares directly from the business or utilizing a full-service stockbroker.
Thus, call and put.
For more information about beginners buy stocks, click here:
https://brainly.com/question/20134663
#SPJ1
what is the real name of rocky
An individual who interprets laws related to the environment most likely works in which field?
a.
Environmental law
b.
Environmental journalism
c.
Environmental activism
d.
Ecology
Please select the best answer from the choices provided
A
B
C
D
Answer:
A
Explanation:
Answer:
A
Explanation:
I got it right on edg 2021
Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together.
Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager.
‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy’s company. They are fast and have a great reputation for products and services. The price is good and they are willing to customize the stationary, with no additional cost to us. Anyway, Nicholas was always too busy to meet. I emailed him the contract and my teams thoughts on how we should proceed hoping he would read it.’ My team consists of the Accounts/Finance Manager, Inventory Manger, Legal, Research & Development, Public Relations Manager and I, and we meet at different times and days, whether collectively or selectively.
‘Anyway we, Nicholas and I, met with the supplier this morning. We are going through the contract, the next thing I know Nicholas says, ‘This won’t work for us. The cost is too high. Where did these calculations come from?’ ‘If the floor had opened up and swallowed me I could have not been more embarrassed. I mean I spent three weeks, working on it with the team Accounting, PR and Legal! Joseph shaking his head continued, ‘he just took over the conversation. I mean we got the contract signed but in the end all that happened was that the figures were rearranged we still end up paying the same.’ ‘I am tired of this foolishness. He stays locked in his office on his cell every day. Only God knows what he does in there.’
1. Do you believe that Nicholas is an unethical manager? Justify your response by choosing one of the ethical decision making concepts outlined in unit 2 to argue/support your writing.
2. From the chosen ethical decision making concept selected by you in question 1, show its relationship to any one of the variables in an analytical tool, outlined in unit 1, read.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior. It appears that Nicholas did not take the time to review the contract or the team’s thoughts, but still took over the conversation with the supplier and changed the figures. This behavior could be seen as a violation of the ethical principle of fairness, which involves treating others in a reasonable, equitable, and impartial way. Nicholas’ actions suggest that he did not give due consideration to the team’s input or their efforts to finalize the contract, which could affect their working relationship and trust in him as their manager.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business. Fairness is based on the idea of treating all stakeholders equitably and impartially, taking into account their needs, interests, and perspectives. In this case study, Nicholas’ actions appear to violate the principle of fairness by disregarding the efforts of Joseph and his team to finalize the contract, and making unilateral changes without adequate review or discussion.
To analyze this situation using an analytical tool, we can use the Stakeholder Mapping tool, which helps to identify and categorize stakeholders based on their level of interest and power. In this tool, stakeholders are divided into four categories: High power/high interest, High power/low interest, Low power/high interest, and Low power/low interest. In this case, Joseph and his team are the stakeholders with high power and high interest in the situation, as they are responsible for finalizing the contract.
Using the Stakeholder Mapping tool, we can see that Nicholas’ actions have the potential to undermine the trust and collaboration of high power/high-interest stakeholders, who are critical to the success of the project. Specifically, his actions may cause frustration, resentment, and loss of confidence in his management ability. This could result in a breakdown of communication and cooperation, which would ultimately affect the team’s performance and the overall success of the project. Therefore, it is important for Nicholas to consider the perspectives and input of all stakeholders, including those with high power and high interest, when making decisions that affect them. By doing so, he can ensure that his decisions are ethical, fair, and aligned with the needs of all stakeholders.
for more such questions on manager
https://brainly.com/question/1276995
#SPJ8
do you guys know if it’s legal to buy things from ebay for let’s say 80 dollars but the real worth is like 110 or something. and i sell it for 100 and make a 20 dollar profit and keep doing that do you guys know if it’s legal or not?
This is legal and all companies do this also.
Products are manufactured at cheap rates then the stores who buy the products also mark up the products so both the manufacturer and seller makes profit.
Just properly label the item in its condition to avoid chargebacks and refunds.
1. Critical thinking requires setting high standards for yourself. True or false
Answer:
True
Explanation:
(Economics)
In an essay of at least two well-developed paragraphs, explain the global benefits of international trade and multinational corporations.
International trade refers to the exchange of goods and services across national borders. It plays a significant role in promoting economic growth and providing several global benefits.
One of the primary advantages of international trade is that it allows countries to specialize in producing goods and services in which they have a comparative advantage. This means that countries can focus on producing goods that they can produce more efficiently and at a lower cost compared to other countries. As a result, resources are allocated more efficiently, leading to increased productivity and higher standards of living.Furthermore, international trade enables countries to access a wider variety of goods and services that may not be available domestically. This increases consumer choices and provides opportunities for individuals to enjoy a higher quality of life. For example, consumers in a landlocked country can still enjoy fresh seafood by importing it from coastal countries. Similarly, individuals in colder climates can purchase tropical fruits from countries where they are grown.Multinational corporations (MNCs) also contribute to the global benefits of international trade. These are companies that operate in multiple countries, with business activities ranging from production to distribution. MNCs play a crucial role in facilitating international trade by establishing global supply chains, investing in foreign markets, and creating jobs. They bring capital, technology, and managerial expertise to host countries, which can lead to economic development and improved living standards.Moreover, MNCs often engage in research and development (R&D) activities, driving innovation and technological advancements. This can have far-reaching benefits for both the host country and the global economy. For instance, a multinational pharmaceutical company conducting R&D in a developing country may discover new drugs or medical treatments that can benefit people worldwide.In conclusion, international trade and multinational corporations provide numerous global benefits. They promote specialization, resource allocation efficiency, and access to a wider variety of goods and services. Additionally, MNCs contribute to economic development, job creation, innovation, and technological advancements. Overall, international trade and MNCs play a crucial role in fostering economic growth and improving the well-being of individuals and nations around the world.
For more such questions on economic
https://brainly.com/question/17996535
#SPJ8
What happens if you only make the minimum payment on your credit card statements
Yes, you can maintain the use of your credit card by making only the Minimum Payment Due each month. However, there won't be an interest-free time and you'll have to pay exorbitant interest rates.
What takes place when you only pay the minimum amount. Even though it's crucial to make at least the minimum payment each month, it's not recommended to carry a credit card balance from month to month because you'll accrue interest fees (unless you're taking advantage of an introductory 0% APR) and run the danger of going into debt. A minimum payment won't lower your credit score by itself because you aren't skipping a payment.
To learn more about Payment, click here.
https://brainly.com/question/15138283
#SPJ1
Dawn, a grocery store manager, is packaging pasta salad for retail sale at the store. Which three of the following details should she include on the label? the ingredient list the storage guidelines the location of the distributor the date of product packaging the quantity of food
The three details which Dawn should include on the label for retail sale at the store include the following:
The ingredient list.The storage guidelines.The date of product packaging.What is a product label?A product label can be defined as a paper document that is designed and developed to provide specific information about the chemical elements, ingredient list, nutrients, storage guidelines, and other chemical compounds that are present in a product and its general use or function, including storage guidelines.
This ultimately implies that, a product label is a paper document which must be used by manufactures and store managers to specify the nutrients, ingredient list, chemical elements, storage guidelines, expiry date, and other compounds that were used to make a particular product.
Read more on label here: brainly.com/question/14446515
#SPJ1
Which of the following is the type of notice provided by recording?
Select one:
a reasonable
b. constructive
c. protective d. actual
Answer:
b
Explanation:
Does a depression always follow a recession?
Yes, the trough is always considered a depression.
No, a depression is indicated when the recession is exceptionally long.
Yes, for recovery to occur, the trough must be reached.
No, the economy could decline quickly and bypass recession.
Answer: No, a depression is indicated when the recession is exceptionally long.
Explanation:
what is stock market value
The market value of stock is the price at which a share of stock trades in the public market. Stocks can be traded on a stock exchange, such as the New York Stock Exchange, or over the counter through a network of dealers. The market value of stock measures the collective expectations of investors about a company’s future performance and is watched closely by investors, analysts and companies.
9. What pointer appears when pointing to a hyperlink?
A. I-beam
B. Hand
C. Crosshair
D. Double arrow
Please help ASAP
Answer:
B. Hand
Explanation:
Hand pointer is a specific cursor, the one that looks like a hand, and with the index finger extended, like as it points to something.
The pointer shows the user the exact location of the cursor and helps him input the information.
The name pointer is given as it points the information to the user.
The data given below are from the accounting records of the Kuhn Corporation:
Net Income (accrual basis) $45,000
Depreciation Expense $9,000
Decrease in Accounts Payable $2,500
Decrease in Inventory $3,000
Increase in Bonds Payable $10,000
Sale of Common Stock for cash $30,000
Increase in Accounts Receivable $4,500
Based on this information, the net cash provided by operating activities using the indirect method would be:__________.
a. $55,000
b. $58,000
c. $50,000
d. $60,000
The net cash provided by operating activities using the indirect method would be: c. $50,000.
Net Cash From Operating Activities
Net income $45,000
Depreciation expense $9,000
Decrease in accounts payable ($2,500)
Decrease in inventory $3,000
Increase in accounts receivable ($4,500)
Net cash provided by operating activities $50,000
Inconclusion the net cash provided by operating activities using the indirect method would be: c. $50,000.
Learn more about operating activities here:https://brainly.com/question/25530656
After the call, Holly realized the conflict was at the tension stage. Why? Brie Holly and Jennifer
After the call, Holly realized the conflict was at the tension stage because of the emotional tension that resulted from the conversation. During the call, Jennifer expressed her dissatisfaction with the resources and benefits that she was receiving from the relationship.
According to the social exchange theory, people exchange resources and benefits to maintain social relationships. In this exchange, people weigh the costs and rewards of social relationships. Social exchange theory can be applied to the conflicts that occur in social relationships.Conflicts can occur when one person perceives that another person has violated their expectations, rights, or interests.
Conflicts in social relationships can be resolved through several stages, including the tension stage, crisis stage, and the recovery stage. Conflict resolution requires people to resolve their differences to maintain the social relationship. Holly felt that Jennifer was not putting enough effort into maintaining the relationship and she did not understand the impact of her actions on Holly.Brie and Holly were concerned about the implications of the conflict on their social relationship.
Brie asked Holly to resolve the conflict by weighing the costs and rewards of their relationship. Holly realized that their social relationship was important to her, and she had to work towards maintaining it. Holly chose to communicate her thoughts and feelings with Jennifer, which resolved the conflict. Holly and Jennifer were able to come to a compromise, and their social relationship was preserved.
For more such questions on conflict
https://brainly.com/question/858228
#SPJ8
Note- The Complete Question is this...
What specific event or occurrence made Holly realize that the conflict between Brie, Holly, and Jennifer was at the tension stage?
Determine the total expenses based on the following data
assets 72,000
owner's equity 70,000
revenues 20,000
liabilities 16,000
From the given data, it appears that the expenses result in a negative value of $-14,000. This indicates a deficit, which suggests that the company's liabilities and owner's equity exceed its assets.
To determine the total expenses based on the given data, we need to use the accounting equation: Assets = Liabilities + Owner's Equity. In this case, we are given the values of assets, owner's equity, and liabilities.
Assets = $72,000
Owner's Equity = $70,000
Liabilities = $16,000
Using the accounting equation, we can calculate the total expenses by rearranging the equation:
Expenses = Assets - Liabilities - Owner's Equity
Expenses = $72,000 - $16,000 - $70,000
Expenses = $-14,000
for more questions on expenses
https://brainly.com/question/28995167
#SPJ8