1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Allisa [31]
3 years ago
9

Al Shea is the sole owner and operator of Saw Tooth Company. At the end of its accounting period, December 31, 2005, SawTooth Co

mpany has assets of $925,000 and liabilities of $285,000. During 2006, Al Shea invested an additional $50,000 and withdrew $30,000 from the business. What is the amount of net income during 2006, assuming that as of December 31, 2006 net assets were $980,000 and liabilities were $225,000?
Mathematics
1 answer:
Liono4ka [1.6K]3 years ago
7 0

Answer:

amount of net income during 2006 is $65000

Step-by-step explanation:

Given data

assets in 2005 =  $925,000

liabilities in 2005 =  $285,000

invested an additional $50,000

withdrew $30,000

assets in 2006=  $980,000

and liabilities in 2006 =  $225,000?

to find out

amount of net income during 2006

solution

in 2005

assets =  $925,000

liabilities =  $285,000

so stock holder equity = $640000

and in 2006

assets =  $980,000

and liabilities  =  $225,000

so stock holder equity = $725000

so retaining earning for both year is $725000 - $640000 i.e $85000

so net income = retaining earning + withdrew - investment

net income = $85000 + $30,000 -  $50,000

net income = $65000

amount of net income during 2006 is $65000

You might be interested in
A prom ticket at Smith High School is $120. Tom is going to save money for the ticket by walking his neighbor’s dog for $15 per
gladu [14]

Answer:

7 weeks

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
Use the expression in the accompanying discussion of sample size to find the size of each sample if you want to estimate the dif
rodikova [14]

Answer:

60men 40 women.... but I ain't sure

4 0
3 years ago
Plzzz helppp will mark brainlest stpps plzz if possible
VMariaS [17]

Answer:

c.

Step-by-step explanation:

Law of sines

\frac{Sin A}{a} = \frac{Sin B}{b}

A and B are angles.

a and b are sides opposite corresponding angles.

8 0
3 years ago
How do I explain to an alien how to graph Graph Y=-2(x+3)^2+1
Kitty [74]

Step-by-step explanation: Explanation:

y

−

2

=

3

(

x

−

1

)

3

x

−

y

=

3

−

2

=

1

x

1

3

+

y

−

1

=

1

is the intercept form of the equation.

Now we know the two points on the line as

(

1

3

,

0

)

,

(

0

,

−

1

)

By plotting the two points on a graph sheet and joining them gives the line required.

graph{3x - 1 [-10, 10, -5, 5]}

Hope this helps!!!

5 0
2 years ago
Consider f and c below. f(x, y, z) = (y2z + 2xz2)i + 2xyzj + (xy2 + 2x2z)k,
qaws [65]
\dfrac{\partial f}{\partial x}=y^2z+2xz^2
f(x,y,z)=xy^2z+x^2z^2+g(y,z)

\dfrac{\partial f}{\partial y}=2xyz+\dfrac{\partial g}{\partial y}=2xyz
\dfrac{\partial g}{\partial y}=0\implies g(y,z)=h(z)

\dfrac{\partial f}{\partial z}=xy^2+2x^2z+\dfrac{\mathrm dh}{\mathrm dz}=xy^2+2x^2z
\dfrac{\mathrm dh}{\mathrm dz}=0\implies h(z)=0

\implies f(x,y,z)=xy^2z+x^2z^2+C
8 0
3 years ago
Other questions:
  • What is the line for m!
    9·1 answer
  • What is the common ratio of this one?
    11·1 answer
  • What is 1/6 divided by 3
    10·1 answer
  • Please help me I don't have a lot of time<br> tan(30)=a/2
    12·1 answer
  • NEED ASAP!!!!
    7·1 answer
  • Write a quadratic function h whose zeros are 5 and -7
    8·1 answer
  • What's the area of the triangle below?
    11·1 answer
  • A health and fitness club surveys 40 randomly selected members and found that the average weight of those questioned is 157 lb.
    14·1 answer
  • Which equation represents the line containing (0,-2) and (2,-1)?
    15·1 answer
  • Divide the polynomials.<br> Your answer should be a polynomial.<br> 22 - 71 +12<br> I-3
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!