Owner's equity at the start of the period is $35,000; net income for the period is $30,000; the total investments by the owner are $15,000, and total withdrawals by the owner is $5,000.
The owner's equity at the end of the period is:
a) $80,000. b) $75,000. c) $85,000. d) $40,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Owner's equity at the start of the period is $35,000; net income for the period is $30,000; the total investments by the owner are $15,000, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The following example illustrates which of the following factors that can cause a shift in supply? If the price of lumber decreases, the Crystal Match Company would increase its supply of matches, because it would be making more profit off of each
Answers (1)
Hailey, Inc., has sales of $19,650, costs of $9,380, depreciation expense of $2,050, and interest expense of $1,540. Assume the tax rate is 35 percent.
Answers (1)
Consider two straight-line PPFs. They have the same vertical intercept, but curve I is flatter than curve II. The opportunity cost of producing the good on the horizontal axis (A) is greater along curve I. (B) is greater along curve II.
Answers (1)
Oh! Wow! Markets, Inc., rejects a shipment of non-perishable canned turkey that does not conform to its contract with Poultry Processing Corporation, but is unable to obtain instructions from the seller.
Answers (1)
According to the concept of the "invisible hand," if Susie opens and operates a profitable childcare center, then: A. this demonstrates that consumer sovereignty is not present in this market. B.
Answers (1)
New Questions in Business
Which of the following is an example of pretexting? A. A person accessing your email account without permission B. A person stealing a credit card bill from your mailbox C. A retailer scanning your credit card to steal its number D.
Answers (1)
If the price of a product increases, then the budget line rotates and the optimal quantity demanded, which corresponds to the higher price, decreases.
Answers (1)
Jack and Jill have a tenancy in common in an apartment building. After ten years of ownership, Jill dies unexpectedly. On Jill's death, Jill's interest in the property will: a. pass to Jack as tenant in common. b. pass to Jill's heirs. c.
Answers (1)
If the u. s. government increases the deficit and federal debt, what happens to the value of the u. s. dollar?
Answers (1)
Why are imports considered as a leakage factor? A. Imports do not generate domestic income. B. Domestic industry loses ground as imports increase. C. Imports are taxed heavily, which is a secondary leakage factor. D.
Answers (1)