BM501 Module 41.2

During the second quarter of the year, the assets of a cement manufacturing company are: cash, SAR 203,562.50; merchandise inventory; SAR 152,209.25; accounts receivable, SAR 139,327.68; equipment, SAR 746,098.35; building, SAR 424,752.00. Determine the current assets of the company.

• SAR 1,665,949.78

• SAR 495,099.43

• SAR 1,170,850.35

• SAR 475,990.43

A computer accessories store's assets and liabilities at the end of the year were: cash, SAR 296,896.85; accounts receivable, SAR 109,023.96; merchandise inventory, SAR 275,080.34; equipment, SAR 307,156.65; building, SAR 340,276; accounts payable, SAR 105,300.89; 3-year loan, SAR 198,400.00.

Calculate the total liabilities of the company.

• SAR 377,300.26

• SAR 647,432.65

• SAR 681,001.15

• SAR 303,700.89

A computer accessories store's assets and liabilities at the end of the year were: cash, SAR 296,896.85; accounts receivable, SAR 109,023.96; merchandise inventory, SAR 275,080.34; equipment, SAR 307,156.65; 

building, SAR 340,276; accounts payable, SAR 105,300.89; 3-year loan, SAR 198,400.00. 

Calculate the equity of the company.

• SAR 951,133.54

• SAR 1,024,732.91

• SAR 1,328,433.80

• SAR 984,702.04

Which of the following refer to any resources with economic value that a company or corporation owns or controls?

• Equities

• Liabilities

• Profits

• Assets

Financial obligations of a company to other parties such as banks, lending institutions, and suppliers are called ________.

• Assets

• Equities

• Liabilities

• Profits