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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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Answer:

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4 0
3 years ago
What is one example of a planned economy?
Daniel [21]

Answer:

socialist economy

Explanation:

A planned economy is a system where the government or the central authority makes all major economic decisions. The government decides on the type and quantities of goods to produce and for whom to produce. In the planned economy, factors of production belong to the government. Manufacture of goods and services is motivated by service to the community, not profits.

A socialist economy is a good example of a planned economy. Just like in a planned economy, a socialist economy is characterized by heavy government involvement. The state controls the factors of production. Public service is the reason for economic production, while consumers do not have the liberty to choose products.

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Actions taken by governments in order to promote the use of their own resources include all of the following EXCEPT:
timama [110]
It's C


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gtnhenbr [62]

Answer:

Her sociological imagination.

Explanation:

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Her sociological imagination to explain her inability to get a job. The sociological imagination can be regarded as a practice that involved having ability to “think ourselves away” from some of our daily and familiar routines of our lives, so that see them with critical and new eyes, Sociological imagination is ability gotten by individual to focus away from his/her particular situation then think from other point of view or alternative perspective. Sociological imagination can be regarded from other point of view as capacity of individual to shift his/her thought from one perspective to another perspective.

5 0
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kari74 [83]

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Explanation:

8 0
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