Answer:
The ending owner’s capital for the company is $40,000
Explanation:
For computing the ending owner capital, the following equation should be used which is shown below:
Ending owner capital = Beginning owner capital - net loss - dividend paid to shareholders
= $100,000 -- $50,000 - $10,000
= $40,000
The net loss and dividend decrease the owner equity which ultimately decreases the capital. So, we deduct these amounts.
Hence, the ending owner’s capital for the company is $40,000
Answer:
The correct answer is Assign costs of work process.
Explanation:
Among the main changes to be able to allocate costs, Julio must take the costs of work in process in a single account, instead of directly to different department accounts. This will ensure better control of the information, avoiding mistakes in the planning process.
Answer:
Airline CF and Airline O
The true comment is:
a. None of the listed answers
Explanation:
Under finance lease, Airline CF will recognize an asset, a balance sheet account, which it depreciates periodically, while under operating lease, Airline O will only recognize expenses for the rental payments, an income statement item. Airline CF pays annual lease payments (repayment of lease liability and interest expense). Airline O pays rental expenses only.
<span>If you are demonstrating initiative, you are more likely to be C. working without needing supervision.
If you show initiative, it means that you think you can do most of the work on your own, and are willing to study and become better at what you do. This also means that you don't have to be supervised at all times, because you are very independent and capable of figuring out things on your own.</span>
Answer:
$600,000
Explanation:
Opportunity cost also known as implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
the next best option to Bob is to sell the cafe. If he did, he would have earned $600,000. This is his opportunity cost.
$50,000 constitutes a variable cost while $7000 is a fixed cost.
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Rent payments do not change - it remains the same no matter the level of output.
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
