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svetlana [45]
1 year ago
8

iven that jacob's chocolates had owner investments of $4,000; net income during the period of $10,000; and owner withdrawals of

$300 calculate the ending balance in the owner's capital account.
Business
1 answer:
Anuta_ua [19.1K]1 year ago
6 0

Iven that Jacob's chocolates had an owner the ending balance in the owner's capital account is $13,700.

<h3>What is the owner's capital account?</h3>

The equity account that appears on a company's balance sheet is called an owner's capital account. It indicates the total ownership stakes that investors hold in a company. This account holds the owners' investment in the company as well as the net income it generates, which is then decreased by any draws made to the owners.

Given,

Investment =$4,000

Net Income =$10,000

Capital withdrawal =$300

Required to find ending capital account balance =?

Ending capital account balance = $4,000 + $10,000 - $300

Ending capital account balance = $13,700

The ending balance of the owner's capital account equals the beginning balance less any withdrawals, plus contributions, plus or minus any net gain or loss for the time. The balance at the conclusion of the accounting period is determined using this formula, which is updated annually.

Thus, the ending capital account balance is 13,700.

Learn more about Capital Account here:

brainly.com/question/14684892

#SPJ1

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Paraphin [41]

Answer:

The chosen option (considering enrollment costs and opportunity cost) is:

b) College course.

Explanation:

a) Data and Calculations:

Costs/Benefits

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Cost                              $2,600                         $1,390

Opportunity costs         -2,080                          2,080

Net costs                         $520                        $3,470

Distance to course      0.40 miles                    16 miles

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Timing of course          Weekday                     Weekend

Number of meetings    16                                 8

b) With the College course option, you will earn $2,080 ($260 * 8) weekdays to offset part of the enrollment cost.  With the Community course option, $2,080 will be lost in opportunity cost, thereby increasing the total costs incurred.  These costs are apart from the driving costs associated with traveling 16 miles to the Community Course at the local library.

5 0
3 years ago
3. Vocabulary test. Explain the differences between: a. Real and financial assets. b. Capital budgeting and financing decisions.
VikaD [51]

Answer:

The correct answer is:

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b) Investment projects are independent, perfectly divisible, and the company can invest any amount of money in a project. Only investment opportunities existing at the present time and not future are considered.  While capital budgeting, it is a projection either in the short term or in the long term, and the reasons for making this budget are that:  Benefits from the point of view of administrative planning and control., an investment proposal must be judged in relation to whether it provides a return equal to or greater than that required by investors y the evaluation of projects through mathematical-financial methods.

c) When a corporation is established, its shares may be in the hands of a small group of investors, perhaps the company's administrators plus some sponsors. In this case, the shares are not sold to the public and the company is closed. Over time, if the company grows and new shares are issued to raise capital, these shares go public. The company becomes a public company.

d) Limited liability means that the liability of each partner's debt is limited to their investment in the business, that is, they cannot be held personally responsible for the debts of other parties, if the company is sued or forced to close, the Each partner's business assets may be liquidated, but his personal assets are safe. Furthermore, unlimited liability means that all parties are responsible for all debts of the company, regardless of how it was created. If a partner commits acts that cause the business to reconcile, all parties become part of the process, not just the partners whose actions caused the judgment.

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2 years ago
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Dima020 [189]

Answer:

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Explanation:

Working capital is defined as a measure that shows how a company is operating efficiently and it's ability to meet the short term financial obligations.

When a business working capital is properly managed, then the business will be healthy financially hence operate successfully and able to meet up with it's daily obligations.

A good working capital manager must be able to make use of working capital management to maintain balance between profitability, growth and liquidity. The role of working capital manager is also to manage cash, inventory, accounts receivable and payable and risk management.

A working capital manager must be able to manage cash that will be used for a business daily operation, must ensure the business inventories are properly managed and accounted for. It's duty also include risk management as he is responsible for making decisions regarding day to day finance of a business operation; the success or failure in terms of meeting up with short term financial obligation depends on him.

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2 years ago
A price-discriminating firm charges the lowest price to the group that
Sphinxa [80]

Answer: price-discriminating firms charge more price from the group that has less price elasticity of demand than the group that has more elastic demand

Explanation:

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These are the firms that charge different prices for similar and identical good from different groups.

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Answer:

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Explanation:

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By dividing the total liabilities from the total equity we can get the debt equity ratio and the same is to be considered plus it also shows a relationship between the total liabilities and total equity

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3 years ago
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