<span>(7C3 * 73C0) / 80C3
but that = (35 * 1) / 80C3
= 35 / 82160
= .00043
For B
</span><span>(7C1 * 73C2 + 7C2 * 73C1 + 7C3 * 73C0) / 80C3
= 19964 / 82160 = .243
</span>hope it helps
Answer:
True
Explanation:
Small Business face different operational and managerial circumstances compared to <em>established</em> business.
Off-the-shelf accounting software may not be consistent with these circumstances rendering it cumbersome or unsuitable.
Thus a customized accounting software is most suitable to meet the needs for small businesses
The Owner's Equity statement illustrates the capital account changes due to contributions, withdrawals, net income, or a net loss. So Ending Balance of the statement of changes in Owner's equity will be; Opening capital + Capital Added + Net Income - Owner's Withdrawals.
A one-page report titled a "statement of owner's equity" compares all assets and liabilities to determine the owner's equity's overall value. The snapshot, which is tracked over a predetermined time period or accounting period, depicts the flow of cash through a company.
Owner's equity is simply the difference between the owner's initial investment in the business and any withdrawals made by the owner. For instance: A real estate project with a value of $500,000 and a loan balance of $400,000 would have $100,000 in owner's equity.
Learn more about owner's equity here
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