Bishop, Inc., is obligated to pay its creditors $7,800 during the year. a. What is the market value of the shareholders’ equity if assets have a market value of $9,400? (Do not round intermediate calculations.) b. What is the market value of the shareholders’ equity if assets equal $6,700? (Do not round intermediate calculations.)

(a) $1,600

(b) $0

Explanation:

Given that,

Total liabilities = $7,800

(a) According to the accounting equation,

Total assets = Total liabilities + Stockholder's equity

$9,400 = $7,800 + Stockholder's equity

$9,400 - $7,800 = Stockholder's equity

$1,600 = Stockholder's equity

(b) Total assets = Total liabilities + Stockholder's equity

$6,700 = $7,800 + Stockholder's equity

$6,700 - $7,800 = Stockholder's equity

$0 = Stockholder's equity

rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

hope this

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )