Finore Manufacturing has the following amounts on its 12/31/14 balance sheet. Cash $150 Other current assets 397 Property, plant, & equipment, net of depreciation 538 Current liabilities 324 Total Liabilities 504 What was Finore Manufacturing’s equity as on December 31, 2014?

$581

Explanation:

The accounting equation gives the relationship between elements of the balance sheet as

Assets = Liabilities + Equity

Given that for Finore Manufacturing on 12/31/14, it's balance sheet

Cash = $150

Other current assets = $397

Property, plant, & equipment, net of depreciation = $538

Current liabilities = $324

Total Liabilities = $504

Hence, total assets = $150 + $397 + $538

= $1085

Finore Manufacturing’s equity as on December 31, 2014

= $1085 - $504

= $581

2 weeks ago lol enoy your dunce cap

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