Iven that Jacob's chocolates had an owner the ending balance in the owner's capital account is $13,700.
<h3>
What is the owner's capital account?</h3>
The equity account that appears on a company's balance sheet is called an owner's capital account. It indicates the total ownership stakes that investors hold in a company. This account holds the owners' investment in the company as well as the net income it generates, which is then decreased by any draws made to the owners.
Given,
Investment =$4,000
Net Income =$10,000
Capital withdrawal =$300
Required to find ending capital account balance =?
Ending capital account balance = $4,000 + $10,000 - $300
Ending capital account balance = $13,700
The ending balance of the owner's capital account equals the beginning balance less any withdrawals, plus contributions, plus or minus any net gain or loss for the time. The balance at the conclusion of the accounting period is determined using this formula, which is updated annually.
Thus, the ending capital account balance is 13,700.
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Answer:
The answer is 14%
Explanation:
Formula for Future value (FV) FV = PV (1+ni)
Whereas FV= Future value, PV = present value, n= number of years, i= TVOM in percentage
Rearranging the formula for i
i = (FV/PV)-1
So, i = (5,700/5,000)-1
i = 1.14-1
i = 0.14
i = 14%
(0.14x100=14%)
Answer:
Assuming Charlie uses the cost depletion method, his depletion expense for the year is $ 56,250
Explanation:
Depletion method is used to provide a depletion charge for assets which have a depletion nature in the usage of the resources such as mines, quarries and oil wells.
Depletion Charge = Cost /Expected Total Contents in Units × Number of Units taken in the Period
= $225,000 /1,000,000 × 250,000
= $ 56,250
Toxic Waste Management, Inc. is the suggested replacement name.
<h3>What does a company name suggests?</h3>
Similar to the caliber of a company's services and goods, the name of the business is a crucial component of its image. Because a name change is frequently linked to better performance, it consequently has a positive effect on share prices.
It demonstrates that additional measures, such as organizational and operational changes that would be seriously and successfully implemented, have been put in place to enhance company performance. Even though the company's operations might not be significantly affected by the name change, investors might see it as a positive sign if it indicates a change for the better in the company's overall strategy.
Therefore, Toxic Waste Management, Inc. is the suggested replacement name.
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Answer:
multigenerationalism.
Explanation:
Multigenerationalism is the term used to describe Marketing to different generations.
Only a few products will appeal to all age groups. A company will develop a variety of products to attract diverse age groups. A Single product firm or one with few products may differentiate its goods or services to appeal to a wider target. Multigenerationalism exists when a business has different age groups in its target market.