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We are given the following details:

- Beginning total assets: \$6,000,000
- Ending total assets: \$7,500,000
- Debt at the beginning of the year: \$0
- Debt at the end of the year: \$1,408,204

The net worth or stockholder's equity at the end of the year is calculated using the formula:

\[
\text{Net Worth (Equity)} = \text{Total Assets} - \text{Total Liabilities (Debt)}
\]

Substituting the given values:

\[
\text{Net Worth} = 7,500,000 - 1,408,204
\]

Let's calculate this.The net worth (total stockholder's equity) of Standing Dog Enterprises at the end of the year is \$6,091,796.

Would you like further details or have any questions?

Here are 5 related questions for further practice:
1. How does an increase in debt affect a company's net worth?
2. What would be the net worth if the company had \$2,000,000 in debt at the end of the year instead of \$1,408,204?
3. If the company had total assets of \$8,000,000 at the end of the year, how would that affect the net worth?
4. How would the net worth calculation change if the company had debt at the beginning of the year?
5. What is the significance of tracking both assets and liabilities for a business?

**Tip:** A company's net worth is a snapshot of its financial health, reflecting the value remaining after settling all liabilities.

Standing Dog Enterprises began the year with $6,000,000 in total assets and ended the year with $7,500,000 in total assets. It had no debt at the beginning of the year, but it had $1,408,204 at the end of the year. What was Standing Dog's net worth (total stockholder's equity) at the end of the year?

Calculate the net worth of Standing Dog Enterprises by subtracting total liabilities ($1,408,204) from total assets ($7,500,000). Learn how this impacts the company’s stockholder equity at the end of the year.

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