Iven that Jacob's chocolates had an owner the ending balance in the owner's capital account is $13,700.
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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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To develop good eye habits, a person needs to aim high, keep your eyes moving, and get the big picture.
Answer:
Self-serving Bias.
Explanation:
Whenever Jane is successful she takes full credit for her success, but whenever she is unsuccessful she attributes her failure to bad luck or blames one of her fellow employees. She is guilty of the self-serving bias. Self-serving bias is basically perceptual or cognitive mechanism where actual information is distorted in order to maintain and increase self esteem and the capacity to see oneself as competitive and capable. People assign themselves only the positive attributes, where all the negative attributes are being assigned to others. For example, when you pass your school exams, you assign this success to your handwork, whereas, if you got failed, then you say that study was very hard and the notes were not sufficient to get passed in the exam.
Effective text ads are tools that make a campaign on the product intended to be sold effectively to the consumer's tastes. So far there are many ways to promote a product through social media, posters, by word of mouth and many more. The best practice is to write several ads and see which one performs the best.
Answer:
Reduces; Increases; Increases
Explanation:
Recessionary gap describes a nation opersting at levels below it's full employment level. It is that level where the real GDP is lower than potential GDP at full employment level. Thus, if the Federal government wishes to close the recessionary gap, they could REDUCE the interest rate which will encourage more borrowing for consumption and investment expenditures thereby leading to INCREASES in planned aggregate spending and INCREASES in short run equilibrium output.