liability equal one-third of the total assets, equity is 160000. what is amount of the liabilities?

Question

could your write equation of this problem and show me how to do it?

how much would the asset be?

Answer 1

Assets = Liabilities + Equity
Assets = 3 times the Liabilities
A = 3L, so rewriting the 1st line,
3L = L + E
3L = L + 160,000
3L - L = 160,000
2L = 160,000
L = 80,000 and since A = 3L, A = 3 x 80,000 = 240,000
So Assets = 240,000 and Liabilities = 80,000

Answer 2

Assets Equal

Answer 3

For all companies: Assets = Liabilities + Equity

In your example: Liabilities = Assets / 3
and Equity = 160,000

So, in the first equation, you can replace Liabilities with Assets / 3, and you can replace Equity with 160,000.

Assets = (Assets / 3) + 160,000.

Using the new equation above, we can use algebra to figure out how much is Assets: 240,000.

Now you can use the first equation to figure out how much is Liabilities.

240,000 = Liabilities + 160,000

Liabilities = 80,000

Answer 4

What are the total assets?

If the equity is the only asset, then it's 1/3 of 160K or $53,333.

Answer 5

L = 1/3 of A
E = $160,000
A = E + L

A = $160,000 + 1/3 of A
2/3 A = 160,000
A = $239,880

L = A - E

L = 239,880 - 160,000 = 79,880

Liabilities equals $79,880

Answer 6

480000