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dusya [7]
3 years ago
5

How do i figure out a months ending capital

Business
1 answer:
stealth61 [152]3 years ago
3 0

Ending capital for the month = The month's beginning capital + Additional capital inflow for the month - additional capital outflow for the month

For example: if had $500 at the beginning of a month, you got a dividend of $100 during the month and also spend $50 on entertainment during the month, the ending capital would be 500 + 100 -50 = $550

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Beginning inventory was $50,000. Inventory purchased during the year cost $75,000. Inventory on hand at year-end was $40,000. Co
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Answer:

The Cost of Goods Sold or COGS for the period was $85000

Explanation:

The cost of goods sold is the value or cost of inventory that has been sold off during the period. The Cost of Goods Sold of COGS can be calculated as follows,

COGS = Opening Inventory  +  Purchases  -  Closing Inventory

COGS = 50000  +  75000  -  40000

COGS = $85000

So, the Cost of Goods Sold or COGS for the period was $85000

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Answer:

b. Long-term care insurance is allowed as a deduction, subject to a dollar limitation.

Explanation:

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It is possible for self employed to qualify to deduct 100% of the premium paid for long-term care insurance subject to the maximum of 2020 age-based eligible premium amounts as provided below:

Age 40 and below = $430

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3 0
3 years ago
Compared with many european countries the party in government system in the united states
ludmilkaskok [199]
<span>Compared with many European countries the party in government system in the united states is less differentiated. (have a lesser amount)

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Just-in-time inventory (JIT) systems: a. are used only by manufacturing firms. b. provide a buffer stock of inventory for a comp
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Answer:

The correct answer is d. are used to reduce inventory holding costs.

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3 years ago
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