B Wise is setting up a new business. Before actually selling anything, he bought a...
90.2K
Verified Solution
Link Copied!
Question
Finance
B Wise is setting up a new business. Before actually selling anything, he bought a van for $4,500, a market stall for $2,000 and a stock of goods for $1,500. He did not pay in full for his stock of goods and still owes $1,000 in respect of them. He borrowed $5,000 from C Fox. After the events just described, and before trading starts, he has $1,500 cash in which $400 is in hand and $1,100 cash at bank. Calculate the amount of his capital.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.