Business, 01.02.2021 23:30 aidentrooper8629

A retail pet store has $10,500 in cash and inventory worth $31,250. The store has a six-year bank loan of $40,000 and current liabilities of $360.
The office equipment for the store is worth $10,500, less $1,150 in depreciation; store fixtures are
worth $8,700, less $600 in depreciation; and a company vehicle is worth $10,500, less $1,500 in
depreciation.
Accounts receivable are $1,050 and accounts payable are $9,800.
What are the store's total liabilities?
$10,160
$29,840
$40,000
$50,160

Answers: 2

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A retail pet store has $10,500 in cash and inventory worth $31,250. The store has a six-year bank l...

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