The owners equity in a business amounted to $56,000 at the beginning of the year and $100,000 at the end of the year. the owner had made no additional investments and had withdrawn $19,000 during the year. the net income for the year amounted to

On june 1, michael company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 and an estimated useful life of 3 years or 30,000 hours. using straight-line depreciation, calculate depreciation expense for the second year.

In 1987, George Bell batted 649 times. He had 39 walks, 105 singles, 32 doubles, 4 triples, and 47 home runs. In 1987, Wade Boggs batted 656times. He had 105 walks, 130 singles, 40 doubles, 6 triples, and 24 homeruns.

Interpret the following statement: "An increase in the price of wheat will encourage farmers to increase the quantity of wheat supplied to the market." A. The statement is correct. B.

In an open economy, government spending was $30 billion, consumption was $70 billion, taxes were $20 billion, GDP was $100 billion, and investment spending was $10 billion. As a result, there was: a net capital inflow of $10 billion.

The debt ratio is used: Question 23 options: To measure the ratio of equity to expenses. To assess the risk associated with a company's use of liabilities. Only by banks when a business applies for a loan.

On November 1, 2012, The Bagel Factory signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2013.

Consider the market for dog walkers that is currently in equilibrium. If the government institutes a minimum wage that is below the market wage, what will be the consequence for dog walkers? Select the correct answer below: A.

When taking notes to be used in preparing meeting minutes, why should the wording of the motions be recorded exactly, word for word, as stated?

Telecom uses activity-based costing to allocate all manufacturing conversion costs. Telecom produces cellular telephones; each phone has $40.00 of direct materials, includes 30 parts and requires 3 hours of machine time.

On October 10, Joleen Vora applied for a $50,000 life insurance policy with Magnum Life Insurance Co. She named her husband, Jay, as the beneficiary. Joleen paid the insurance company the first year's premium on making the application.