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EastWind [94]
4 years ago
8

Alicia Keyes Company began the year with owner's equity of $280,000. During the year, the company recorded revenues of $375,000,

expenses of $265,000, and had owner drawings of $30,000. What was Alicia Keyes' owner's equity at the end of the year?
Business
1 answer:
Bumek [7]4 years ago
8 0
Owner's equity = starting equity + revenues - expenses - withdrawals 

$280,000 + $375,000 - $265,000 - $30,000

Owner's equity is $360,000.
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Which statements are false? Money comes in different forms. Money is indivisible.
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Read 2 more answers
Suppose that two factors have been identified for the U.S. economy: the growth rate of industrial production, IP, and the inflat
Delicious77 [7]

Answer:

11.3%

Explanation:

Given that,

Growth rate of industrial production, IP = 4%

Inflation rate, IR = 3.0%

Beta = 1.1 on IP

Beta = 0.5 on IR

Rate of return = 7%

Before the changes in industrial production and inflation rate:

Rate of return = α + (Beta on IP) + (Beta on IR)

7% = α + (1.1 × 4%) + (0.5 × 3%)

7% = α + 4.4% + 1.5%

7% - 4.4% - 1.5% = α

1.1% = α

With the changes:

Rate of return:

= α + (Beta on IP) + (Beta on IR)

= 1.1% + (1.1 × 7%) + (0.5 × 5%)

= 1.1% + 7.7% + 2.5%

= 11.3%

Therefore, the revised estimate of the expected rate of return on the stock is 11.3%.

6 0
3 years ago
Select one or more of the choices below that would properly complete the following statement.When a nation runs a trade deficit,
castortr0y [4]

Answer: it experiences a capital inflow.

Explanation:

A trade deficit is a situation that occurs when the imports of a country is greater than the exports of the country. This is usually measured in monetary terms. For example, let's say in a certain year, the United States exported $3 trillion in goods and it imported goods worth $4 trillion, th n the trade deficit will be ($4 trillion - $3 trillion) = $1 trillion.

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3 0
3 years ago
Data from Estrin Corporation's most recent balance sheet and income statement appear below: This Year Last Year Accounts receiva
jekas [21]

Answer:

d. 108 days

Explanation:

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Inventory Turnover ratio = Cost of goods sold / Average Inventory

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Average days to sell inventory = 108.31 days

8 0
3 years ago
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