The ending owner’s capital balance after closing is $382,300.
The company had a net profit for the year of $91,300. This is calculated by subtracting expenses from net income. $205,000-$113,700 = $91,300.
In order to calculate the the ending owner’s capital for the year the accountant will add the net income to the starting owner’s equity, and then subtract the amount that the owner withdrew from the business.
Starting owner’s equity ($317,000 ) + net income ($91,300) = $408,300 and then subtract the amount withdrawn ($26,000) = $382,300, which is the ending owner’s equity balance.
Answer:
Customer relationship management (CRM)
Explanation:
Customer relationship management can be defined as a set of technologies, strategies and practices related to a business, whose main objective is to focus on the relationship with the customer.
The information age has revolutionized the way companies relate to their customers, nowadays digital media and new technologies have enabled greater interactions between company and customer, which created a need for companies to also seek corporate strategies and technologies that would bring relevant benefits for business success. Some of the CRM platforms enable companies to gather information from customers in order to manage sales opportunities and leads, in addition to organizing accounts and contacts in an accessible way and optimizing and accelerating the sales process.
Answer:
14.76%
8.37%
8.99%
13.89%
Explanation:
the formula for finding APR is - periodic interest rate x number of times compounded
Periodic interest rate = (EAR + 1 ) ^1/m - 1
(0.153 + 1)^1/2 - 1 = 0.0738 = 7.38
APR = 2 x 7.38% = 14.76%
(0.087 + 1)^1/12 - 1 = 0.006976
APR = 0.006976 X 12 = 0.0837 = 8.37%
(0.094 + 1 ) 1/52 - 1 = 0.001729
0.001729 x 52 = 0.0899 = 8.99%
(0.149 + 1)^1/365 - 1 = 0.000381
0.000381 x 365 = 0.138918 = 13.89%
Answer:
Dr Mohan account 627
Cr Sales 627
Explanation:
Preparation of Journal entry
If the amount of RS. 600 is the goods costing that was supplied to mohan in which the issued invoice is 10% above cost with a 5% discounts the First step will be to calculate the Invoice price.
Calculation of the invoice price
Invoice price=[600+10%*600)+[5%*(600+10%*600)]
Invoice price=(600+60)-[5%*(600+60)]
Invoice price=660-(5%*660)
Invoice price=660-33
Invoice price=627
Now let prepare the Journal entry
Dr Mohan account 627
Cr Sales 627
(Being to record good sold to Mohan)
This process is called project management it leads a team or group of people with this process to achieve a goal they want or need to meet but sometimes at a certain time. I hope this helps!
