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.
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Answer: Finance companies
Explanation:
Finance company, refers to specialized financial institution that provides credit in order to buy consumer goods and also grant small loans to their consumers. They're different from the commercial banks as they do not accept deposit.
Finance companies can also borrow money from the commercial banks or the Federal Reserve System at a low interest rate and will then lend the monwy out at a higher interest rate.
Answer:
Turn the company into a public Enterprise.
Explanation:
Among options, the option to turn the company into a public enterprise is the most viable, thanks to the advantages of Public Enterprises including:
• Charges low prices.
• Provide essential facilities like education, health, free or at reduced prices.
• Ensures efficient control of industry.
• Expert administrative services.
• Money can be made available for R&D
• Private monopoly which would cause high prices is avoided.
• Foreign denominations of the economy are avoided.
In which, “money can be made available for R&D” is critical objective of government.
Answer:
people face trade offs
Explanation:
Because wants are unlimited and the resources used to satisfy those wants are limited, people have to face trade offs. these trades off are opportunity costs.
Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.
In this question, the wants are a cell phone or an amplifier. the resource is $200. If the amplifier is bought, the cell phone cannot be purchased. This is an example of a trade off
Answer:
The Federal Reserve has been at times biased in favor of the financial industry, because they have often put inflation targeting above the need to reduce unemployment when executing monetary policy. Besides, the financial industry has often been rescued by massive loans from the Fed.
However, the Federal Reserve has also acted in favor of reducing unemployment, specially during recessions, by expanding the money supply through a policy known as quantitative easing.
In conclusion, we can say that the Fed tends to be biased in favor of the financial industry, but not at all times.
