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NeX [460]
3 years ago
14

Which of the following purchases is included in the calculation of gross domestic product? Your answer: A used economics textboo

k from the bookstore New harvesting equipment for the farm 1,000 shares of stock in a computer firm A car produced in a foreign country Government bonds issued by a foreign firm
Business
1 answer:
Sedbober [7]3 years ago
4 0
Answer: New harvesting equipment for the farm
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Cragmont has beginning equity of $277,000, net income of $63,000, withdrawals of $25,000 and no additional investments by owners
MatroZZZ [7]
The ending equity is $315,000 This is just a matter of adding income and subtracting withdraws. So let's do it. "Cragmont has beginning equity of $277,000," x = $277000 "net income of $63,000" x = $277000 + $63000 = $340000 "withdrawals of $25,000" x = $340000 - $25000 = $315000
3 0
3 years ago
For 2012 Fielder Corporation reported net income of $30,000; net sales $400,000; and average share outstanding 12,000. There wer
jonny [76]

Answer:

$2.50

Explanation:

The Earnings Per Share of a company is determined by using the formula:

EPS= (Net Income of the Company - Dividend to Preferred Shareholders) ÷ Average Outstanding Shares of the Company

Since there is no dividend to preferred shareholders

EPS= Net Income of the Company - ÷ Average Outstanding Shares of the Company

=30000 ÷ 12000

=$2.50

5 0
3 years ago
Forward Co. discarded a machine that cost $5,000 and was fully depreciated. The entry to record this transaction would include a
madreJ [45]

Based on the fact that Forward Co. discarded a machine with cost $5,000, the entry to record this transaction in the books would include a credit to Machinery.

<h3>How do you dispose of fixed assets?</h3>

When fixed assets are to be disposed of, the accumulated depreciation upt to that point is looked at to calculate the net book value.

This would then show the company if they made a profit or a loss when they sold the fixed asset with a profit being made when the selling price is higher than the net book value.

Regardless of the price the fixed asset is sold at, the company would record a credit to the fixed asset (machinery) account to show that the fixed asset account is decreasing.

In conclusion, there will be a credit to machinery.

Find out more on disposing fixed assets at brainly.com/question/14542603

#SPJ1

6 0
2 years ago
Andrew carnegie was a native of what country? ireland scotland switzerland united states 2. carnegie made his fortune primarily
slavikrds [6]
He was born in the city of Dunfermline which is in the country Scotland. 
7 0
3 years ago
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A manager oversees that employees complete jobs on time and follow policies.
Kitty [74]
Okk whats the rest...................... that means that the employs are great <span />
6 0
3 years ago
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