A business can calculate the Assets of the business with the formula: Assets = Liabilities + Owner’s Equity.

If a company’s equity is $340,000 and liabilities are $195,000, what is the value of the company’s assets?

What is the sum of the geometric series in which a1 = 7, r = 3, and an = 1,701? hint: cap s sub n equals start fraction a sub one left parenthesis one minus r to the power of n end power right parenthesis over one minus r end fraction comma r ≠ 1, where a1 is the first term and r is the common ratio