Answer:
Net Income or Loss : a. 2019 = $53000 ; b. 2020 = $4000 loss ; c. 2021 = $43000
Explanation:
Assets - Liabilities = Capital (Closing/Opening)
458000 - 317000 = 141000 (2019 Closing Capital)
Profit = Closing Capital - Opening Capital + Drawings - Additional Capital
A. 2019 Opening Capital = 100000 (Given)
2019 Closing Capital = A - L = 458000 - 317000 = 141000
2019 Profit = CC - OC - D + AC = 141000 - 100000 + 12000 = 53000
B. 2020 opening capital = 2019 Closing Capital = 141000
2020 closing capital = A - L = 538000 - 367000 = 171000
2020 Profit = CC - OC + D - AC = 171000 - 141000 - 34000 = 4000 Loss
C. 2021 opening capital = 2020 closing capital = 171000
2021 closing capital = A - L = 668000 - 467000 = 201000
2021 Profit = CC - OC + D - AC = 201000 - 171000 + 25000 - 12000 = 43000
Answer:
b. $90,000 with a $10,000 loss carryover
Explanation:
Given that
Active business income = $90,000
From Activity A, the income earns = $20,000
From Activity B, the loss incurs = $30,000
So by considering the above information, the Adjusted gross income should be
The $90,000 should be recorded
Plus, the $10,000 loss should also be carryover
The $10,000 loss is come from
= $20,000 - $30,000
= -$10,000
Business communication is information sharing between people within and outside an organization that is preformed for the commercial benefit of the organization.
Answer and Explanation:
In the case when the budget balance of the Conania varies i.e. from positive to negative so the capital inflow would decrease
Now this impact private investment spending in such a way that the situation would become worst and this would lead a serious crowding effect that ultimately reduce the economy
Hence, the same is relevant