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TEA [102]
3 years ago
8

The beginning capital balance shown on a statement of owner's equity is $100,000. Net income for the period is $50,000. The owne

r withdrew $25,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is:
Business
1 answer:
Lelu [443]3 years ago
4 0

Answer:  $125,000

                         

Explanation: In simple words, owner's equity refers to the funds that are contributed by the owners of the capital for effectively conduction the operations of the business.

Any profit that the organisation made during a year is treated as a return to the capital and is added to the initial capital while drawing from the capital results in decrease in the available fund for operations.

   Hence the year end balance of the capital in given case is, $1000,000 + $50,000 - $25,000 = $ 125,000

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Why should a notary signing agent learn all about the closing documents in a loan package if they are not allowed to provide adv
shusha [124]

Answer:In American law, a signing agent or courtesy signer is an agent whose function is to obtain a formal signature of an appearer to a document. In common parlance, most jurisdictions require the appearer to sign before a notary public. From this, the practice of a notary public designating themselves as a signing agent has arisen. There are notaries public who specialize in the notarization of real estate transfer and loan document signings. Signing agents often have certification and training through private organizations, but is not a requirement in law, although it may be a requirement of the lender in the oversight of real estate transaction document signatures.

Explanation:

4 0
2 years ago
A strategy that focuses on increasing the attractiveness of a product is referred to as a​
NARA [144]

Answer:

Differentiation strategy

Explanation:

Differentiation strategy is an approach by a business to make its products and services unique and better in comparison to products from its competitors. The strategy aims at creating a perception in customer's minds that the company products are superior.

The company aims to attract more sales by distinguishing itself from the competition.

6 0
3 years ago
A company's Inventory balance at the end of the year was $204,200 and $218,000 at at the beginning of the year. Its Accounts Pay
dalvyx [7]

Answer:

$718,400

Explanation:

For computation of total amount of cash payments first we need to find out the decrease in merchandise, purchases and increases in accounts payable which is shown below:-

Decrease in merchandise = Balance at the beginning of the year - Balance at the end of the year

= $218,000 - $204,200

= $13,800

Purchases = Cost of goods sold - Decrease in merchandise

= $738,000 - $13,800

= $724,200

Increase in Accounts Payable = Accounts Payable balance at the end of the year - Accounts payable at the beginning of the year

= $102,000 - $96,200

= $5,800

Cash paid for merchandise = Purchases - Increase in Accounts Payable

= $724,200 - $5,800

= $718,400

6 0
3 years ago
What does "pivoting" mean in the process of concept development?
olga55 [171]

Answer:

identifying data required to validate a concept

7 0
2 years ago
All of the following might be determined by the Franchiser in franchise agreement except.
Snowcat [4.5K]
A 
c
b
d
d
a
b
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a
b
c
Hope this helps

3 0
3 years ago
Read 2 more answers
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