All categories

3 years ago

Equity is:

Business

2 answers:

ANTONII [103]3 years ago

5 0

Answer:

A) Funds invested in a company by shareholders.

Explanation:

Equity is the funds invested in a company by shareholders.

Dividends is the amount of money paid to shareholders regularly.

Liability is the debt provided by a bank or online credit company.

Revenue is the payments made by customers to the customers to the company for units sold.

andrew-mc [135]3 years ago

3 0

Answer:

A)funds invested in a company by shareholders

Explanation:

Equity are shareholders investment in a company in form of ordinary share capital. It is the degree of ownership in any asset after subtracting all debts associated with that asset. Equity represents the shareholders' stake in the company. The calculation of equity is a company's total assets minus its total liabilities.

You might be interested in

Intranets are an effective tool for gauging employee opinions and reactions to policy changes.

muminat

Answer:

False

Explanation:

I believe the employee opinions and reactions to policy changes will show up in the workplace.

6 0

4 years ago

Concord Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $57,000 with terms 2/15, n/4

algol [13]

Answer:

See below.

Explanation:

We record the entries as follows,

First record the total gross sales,

Debit accounts receivables by $57,000

Credit Sales by $57,000

Payment terms provide us that 2% discount if paid within 15 days and no discount thereafter.

We record the payments as,

Cash debit by ($57,000 * 0.98) = $55,860

Discounts allowed debit by ($57,000*0.02) = $1,140

Credit Discount receivable by $57,000

Hope that helps.

5 0

3 years ago

The following information is available for two different types of businesses for the 2018 accounting year. Hopkins CPAs is a ser

Klio2033 [76]

Answer:

Hopkins CPAs

Income Statement

Revenue 44,000.00

Salary 28,200.00

Profit 15,800.00

Balance Sheet

Assets

Cash 49,800.00

Total 49,800.00

Capital & Liabilities

Retained Earnings 15,800.00

Loan 34,000.00

Total 49,800.00

Cashflow Statement

Operating Activities

Revenue 44,000.00

Salary 28,200.00

Net Flow 15,800.00

Investing Activities

NIL

Financing Activities

Loan 34,000.00

Opening Cash NIL

Net Cashflow 49,800

Closing Cash 49,800.00

2. Sports Clothing

Income Statement

Revenue 50,000.00

Cost of Sales 27,700.00

Operating Expenses 4,000.00

Profit 18,300.00

Balance Sheet

Assets

Cash 47,000.00

Inventory 5,300.00

Total 52,300.00

Capital & Liabilities

Retained Earnings 18,300.00

Loan 34,000.00

Total 52,300.00

Cashflow Statement

Operating Activities

Revenue 50,000.00

Operating Costs 31,700.00

Working Capital 5,300.00

Net Flow 13,000.00

Investing Activities

NIL

Financing Activities

Loan 34,000.00

Opening Cash NIL

Net Cashflow 47,000

Closing Cash 47,000.00

Explanation:

1. Hopkins CPAs

Data for Hopkins CPAs Borrowed $34,000 from the bank to start the business.

Dr. Cash...34,000

Cr. Loan..........34,000

Provided $44,000 of services to clients and collected $44,000 cash.

Dr Cash......44,000

Cr Revenue..........44,000

Paid salary expense of $28,200.

Dr Salary Expense...28,200

Cr Cash............................28,200

Hopkins CPAs

Income Statement

Revenue 44,000.00

Salary 28,200.00

Profit 15,800.00

Balance Sheet

Assets

Cash 49,800.00

Total 49,800.00

Capital & Liabilities

Retained Earnings 15,800.00

Loan 34,000.00

Total 49,800.00

Cashflow Statement

Operating Activities

Revenue 44,000.00

Salary 28,200.00

Net Flow 15,800.00

Investing Activities

NIL

Financing Activities

Loan 34,000.00

Opening Cash NIL

Net Cashflow 49,800

Closing Cash 49,800.00

2. Sports Clothing

1.Borrowed $34,000 from the bank to start the business.

Dr Cash...34,000

Cr Loan..............34,000

2.Purchased $33,000 inventory for cash.

Dr. Inventory.....33,000

Cr. Cash.....................33,000

3.Inventory costing $27,700 was sold for $50,000 cash.

Dr. Cash.... 50,000

Cr. Sales.................50,000

Dr. Cost of Sales...27,700

Cr. Inventory...................27,700

4.Paid $4,000 cash for operating expenses.

Dr. Operating Expenses...4000

Cr. Cash..................................4,000

Income Statement

Revenue 50,000.00

Cost of Sales 27,700.00

Operating Expenses 4,000.00

Profit 18,300.00

Balance Sheet

Assets

Cash 47,000.00

Inventory 5,300.00

Total 52,300.00

Capital & Liabilities

Retained Earnings 18,300.00

Loan 34,000.00

Total 52,300.00

Cashflow Statement

Operating Activities

Revenue 50,000.00

Operating Costs 31,700.00

Working Capital 5,300.00

Net Flow 13,000.00

Investing Activities

NIL

Financing Activities

Loan 34,000.00

Opening Cash NIL

Net Cashflow 47,000

Closing Cash 47,000.00

5 0

3 years ago

Which of the following statements is correct about the requirements of an LLP?

Ber [7]

Answer:

The correct answer is letter "B": The business name must include the phrase Limited Liability Partnership or an abbreviation of the phrase, and the parties must file a form with the secretary of the state.

Explanation:

A Limited Liability Partnership or LLP is the type of business structure where partners are only liable for what they contribute to the firm. This implies if the firm goes into bankruptcy, the personal assets of the partners are not subject to liability. Under this type of partnership, the business name must include at least its abbreviation (LLP) and when setting up the firm, a letter to the secretary of state must be addressed informing about the creation of the new entity and its core purposes.

8 0

3 years ago

Harry runs a small manufacturing business. He plans to advertise his products. Currently, he is learning about the various benef

trasher [3.6K]

Answer:

OC. Radio.

Explanation:

In all the other ones you can see and know what you might be expecting. But in radio, you don't know what to look for or what to expect.

7 0

3 years ago