The ending owner’s capital balance after closing is $382,300.
The company had a net profit for the year of $91,300. This is calculated by subtracting expenses from net income. $205,000-$113,700 = $91,300.
In order to calculate the the ending owner’s capital for the year the accountant will add the net income to the starting owner’s equity, and then subtract the amount that the owner withdrew from the business.
Starting owner’s equity ($317,000 ) + net income ($91,300) = $408,300 and then subtract the amount withdrawn ($26,000) = $382,300, which is the ending owner’s equity balance.
Taxed market forces are destroying the industries
Range is the measure of variation that is very sensitive to extreme values. It is the difference between high and low values, while standard deviation is the standard measure of variation.The range rule of thumb roughly estimates the standard deviation of a data set as s=range/4 , where s stands for standard deviation and
<span>range = Maximum - Minimum</span>
Answer:
No, Luz is incorrect. Marta's quantity demanded has decreased, but her demand has stayed the same.
Explanation:
For $15 per book, the quantity demanded was 4 books per month.
When the price increases to $20 per book, the quantity demanded fell to 3 books per month.
This shows a decrease in the quantity demanded. A change in demand occurs when the price is constant and quantity demanded changes because of change in other factors. But here the other factors are constant and the quantity demanded is changing due to a change in price.
So, Luz's statement here is incorrect.
Answer:
r= 3
Explanation:
Due that the level price does not changed, the first thing that you have to do to find the equilibrium is put the two equations with an equal
Money demand =Supply of money
2,200 – 200 r= 2,000
Now you have to find the value of r and you have to clear the formula and first you have to:
2,800- 2,200 = 200r
Now that you have the number together you have to apply the operation
600 = 200r
As the 200 is multiplying the r you have to pass the 200 to divided the 600
r= (600/200)
r= 3%
The interest rate is 3%
