Roger company’s year 1 balance sheet has $150,000 in total assets and $100,000 in total liabilities. during the year, it paid off its $15,000 accounts payable using cash, and its accounts receivable increased by $4,000. it also bought $10,000 equipment using cash. if those are the only changes that occurred to roger company in year 2, what are roger company’s total assets and liabilities at the end of year 2?

The answer is: In year 2, Roger Company's total assets are $139,000 and its total liabilities are $85,000.

Explanation:

We start with total assets and liabilities:

Assets - we add accounts receivable and equipment, we subtract cash paid for accounts payable and equipment.

Liabilities - we subtract accounts payable that were paid off

                                                             Assets                   Liabilities

End of year 1                                      $150,000                $100,000

Accounts payable (paid)                                                    -$15,000

Cash (paid AP)                                   -$15,000

Accounts receivable (added)            $4,000

Equipment (added)                            $10,000

Cash (paid Equip)                              -$10,000                                          

End of year 2                                      $139,000                 $85,000

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

turnover

the amount of money taken by a business in a particular period.