Answer: $85,000
Explanation:
Drawings are debited/deducted from the Equity account to reflect that the owner's holdings in the business has reduced.
Profit is added to the Equity account in the form of Retained Earnings.
The closing Balance on Equity is;
Closing Balance = Opening Balance + Profit - Drawings
Profit = Closing Balance - Opening Balance + Drawings
Profit = 175,000 - 120,000 + 30,000
Profit = $85,000
Answer:
Savings and loan institutions–also referred to as S&Ls, thrift banks, savings banks, or savings institutions–provide many of the same services to customers as commercial banks, including deposits, loans, mortgages, checks, and debit cards.
Explanation:
hope this helps if it doesnt then im sorry
Answer: option C.
It corrects the error in the original because when business seek to reduce cost cut positions not the contrary. The employment goes down which is the same that unemployment goes up.
If the laws that are existent in the state of Chicago gives the right to end an employment relationship at any time, then Basecamp is headquartered at an employment at will state.
<h3>What is an employment at will state?</h3>
This is a term that is used to refer to the states where people can terminate contracts at any time that they want.
The employer can decide to terminate that of the worker when he wants to. The worker on the other hand may decide to call it quits whenever they want to. The only reason that this cannot stand is illegality.
Read more on employment here:
brainly.com/question/1446509
