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ira [324]
3 years ago
13

Owner's equity at the start of the period is $35,000; net income for the period is $30,000; the total investments by the owner a

re $15,000, and total withdrawals by the owner is $5,000.
The owner's equity at the end of the period is:

a) $80,000. b)$75,000. c)$85,000. d) $40,000.
Business
1 answer:
inysia [295]3 years ago
3 0

Answer:

Option "B" is the correct answer to the following question.

Explanation:

Given:

Owner's equity (Opening) = $35,000

Net income = $30,000

Investments by owner = $15,000

Withdrawals = $5,000.

Owner's equity (Closing) = ?

Computation of closing equity:

Owner's equity (Closing) = Owner's equity (Opening) + Net income + Investments - Withdrawals

Owner's equity (Closing) = $35,000 + 30,000 + $15,000 - $5,000

Owner's equity (Closing) = $80,000 - $5,000

Owner's equity (Closing) = $75,000

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The data given below are from the accounting records of the Kuhn Corporation:
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The net cash provided by operating activities using the indirect method would be:  c. $50,000.

Net Cash From Operating Activities

Net income $45,000

Depreciation expense $9,000

Decrease in accounts payable ($2,500)

Decrease in inventory $3,000

Increase in accounts receivable ($4,500)

Net cash provided by operating activities $50,000

Inconclusion the net cash provided by operating activities using the indirect method would be: c. $50,000.

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2 years ago
In an efficient market, prices appear to move randomly becauseA) investors do not process new information correctly.B) only new
Gennadij [26K]

Answer:

Correct answer is B.

Explanation:

B is correct. In the Strong-form efficient market hypothesis, all public and private information is reflected in prices and it is impossible for anyone to outperform the market. Only new information affects stock prices, but then, this new information is processed correctly and reflected in the price of an asset so fast before anyone can act on it. As a result, the price action becomes totally unpredictable and prices appear to move randomly.

6 0
3 years ago
A firm has a weighted average cost of capital of 11.68 percent and a cost of equity of 15.5 percent. The debt-equity ratio is 0.
asambeis [7]

The firms Cost of Debt is 9.62%.

Data and Calculations:

Weighted average cost of capital = 11.68%

Cost of equity = 15.5%

Debt-Equity Ratio = 0.65

Without taxes, the firm's Weighted Cost of Debt (WACC) = WACC - Weighted Cost of Equity

= 11.68% - (15.5% (1 - 0.65)

= 11.68% - 5.425%

= 6.255%

Unweighted cost of debt = 6.255%/0.65

= 9.62%

Thus, the firm's cost of debt is 9.62% while the weighted cost of debt is 6.255%.

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6 0
2 years ago
21. What are the benefits that may accrue to a community from busi
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Major benefits of business in the local economy include a boost in employment and discretionary income in the community, tax income increases for local governments and a loyal customer base for businesses.

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3 years ago
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Answer: Cash in advance

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This method of payment will require a buyer to pay the seller in cash before a shipment is received and sometimes before a shipment is even made.

Cash in advance is a strategic form of payment that can be used in any transaction in where there is a delay between the sales agreement and the sales delivery.

In the scenario given in the question, we can see that the German company has already placed an order, but the company has also caused a delay in the transaction by requesting for extra modifications.

This will prompt EastSide Tractors to feel the need to safeguard their interests in case the German company should default. This is why a Cash in advance payment system will come into play.

7 0
3 years ago
Read 2 more answers
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