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1 year ago

What is the ending balance on the statement of changes in owner's equity for this data?

1 answer:

4 0

The Owner's Equity statement illustrates the capital account changes due to contributions, withdrawals, net income, or a net loss. So Ending Balance of the statement of changes in Owner's equity will be; Opening capital + Capital Added + Net Income - Owner's Withdrawals.

A one-page report titled a "statement of owner's equity" compares all assets and liabilities to determine the owner's equity's overall value. The snapshot, which is tracked over a predetermined time period or accounting period, depicts the flow of cash through a company.

Owner's equity is simply the difference between the owner's initial investment in the business and any withdrawals made by the owner. For instance: A real estate project with a value of $500,000 and a loan balance of $400,000 would have $100,000 in owner's equity.

Learn more about owner's equity here

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The entity that collects economic data at a regional level is the:___________

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Answer:

the World Bank

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The World Bank is an international financial institution that monitors the financial activities of most countries. Regional economic data collection is done by means of a World Bank initiative called the International Comparison Program.

An example of this economic data collected is the gross domestic product (GDP) of the regions.

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2 years ago

Revved Rider Inc., a motorcycle company, is the market leader due to its superior engine technology and service orientation. The

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Answer: Option B

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Revved Rider company is the market leader as the company possess a superior engine technology that is not owned by other companies. This proves that the company has competitive advantage of technology over the competitors in the market.

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3 years ago

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Answer: Focused differentiation strategy

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2 years ago

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3 years ago

The Rule of 72 is: a. A tool to determine the number of years until retirement for an employee b. Used to estimate how fast pric

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Answer:

b. Used to estimate how fast prices will double using a given annual inflation rate

Explanation:

Rule of 72 is a fast statistical method to determine how long an investment will double given annual interest rate.

Simply divide 72 by the annual interest rate.

Alternatively it can be used to calculated annual rate of return required to double investment.

Alternatively it can be used to calculate annual rate of return required to double an investment.

For example if $1,000 is to be doubled in 5 years.

Years to double= 72/ Interest

Interest= 72/5= 14.4%

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2 years ago