On June 1st,a Hotel's Balance Sheet Shows Assets of $6,400,000

question 5

Multiple Choice

On June 1st,a hotel's balance sheet shows assets of $6,400,000 and owners' equity of $2,000,000.What is the amount of the hotel's liabilities?

• A) $2,400,000
• B) $4,400,000
• C) $6,400,000
• D) $8,400,000

---

Definitions:

Risk Analysis

The systematic study and assessment of potential hazards that could impede achieving project or organizational goals, focusing on prevention and mitigation strategies.

Project Management Office

A centralized department within an organization that sets and maintains standards for project management throughout the organization.

Project Management Policies

Set of guidelines and protocols designed to govern project execution, ensuring consistency and alignment with organizational goals.

Project Performance

The evaluation of how effectively a project conforms to planned costs, schedules, and scope, including quality standards.