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nalin [4]
3 years ago
11

If beginning capital was $110,000, ending capital was $95,000, and the owner's withdrawals were $10,000, the amount of net incom

e or net loss was a Question 10 options: net income of $15,000. net loss of $5,000. net loss of $15,000. net income of $5,000.
Business
1 answer:
inysia [295]3 years ago
6 0

Answer:

The answer is option B. Net loss of $5,000

Explanation:

Beginning capital = $110,000

Withdrawal = $ 10,000

Capital left = $110,000 - $ 10,000 = $100,000

Ending capital = $95,000

Since the ending capital is less than the beginning capital, there is a loss.

net loss = $100,000 - $95,000 = $5,000

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Why does the law of increasing opportunity cost occur?
Elena L [17]

Answer:

The correct answer is A and B

Explanation:

Law of increasing the opportunity cost is the principle or the concept which is defined as the company continue to increase the production of one good, the opportunity cost of producing the next unit will increase.

It is as to reallocate the resources in order to produce that one good which was better or best suited to produce the original good.

The law of opportunity cost occur when some of the resources are best suited for some tasks or products instead of others and it will lead to increase in production with increase in the opportunity cost too.

8 0
3 years ago
The following transactions occurred during a recent year:
Natasha_Volkova [10]

The Company's preliminary Net Income can be determined as $575.

Preliminary net income = Total Revenue - Total Expenses

= $575 ($4,230 - $3,655)

Revenue:

d. Sales Revenue      $680

f. Service Revenue $2,870

i. Service Revenue    $680

Total Revenue      $4,230

Expenses:

a. Wages Expense       $1,700

e. Utilities Expense     $1,360

h. Travel Expense           $115

k. Advertising Expense $480

Total Expenses         $3,655

Thus, the company generated a preliminary net income of $575 for the period.

Learn more about determining net income at brainly.com/question/19850768

6 0
2 years ago
An individual in the US wants to buy office equipment from England which costs 2,000 pounds. If the exchange rate is 1pound=$1.9
guajiro [1.7K]

<u>Given:</u>

Cost of the office equipment in pounds = 2000

Value of 1 pound in dollars as per exchange rate = 1.9

<u>To find:</u>

The cost of the office equipment in dollars

<u>Solution:</u>

If 1 pound is 1.9 dollars, then 2000 pounds will be as follows,

\Rightarrow\text{1 pound}\rightarrow\text{1.9 dollars}\\\\ \Rightarrow\text{2000 pounds}\rightarrow1.9\times2000 \text{ dollars}=3800 \text{ dollars}\\\\ \therefore \text{The value will be 3800 dollars}

So, the correct option is Option c, that is $3800.

8 0
3 years ago
Kodak is a company name associated with photography. The company has recognized that digital photography is a threat to the futu
Ksivusya [100]

Answer:

The correct answer to the following question will be Option B (design competition).

Explanation:

  • Design competition seems to be a platform that allows participants to overcome a problem domain as well as compete against someone else, mostly their colleagues, to obtain an honor or perhaps a construction project.
  • In comparison to the greatest design, arts as well as architecture blogs around the world, A' Design Recognition and Competition distributes every information throughout the design internet networks.

Some other available options have no connection with the given scenario. So choice B seems to be the right answer to that.

5 0
3 years ago
If you consider yourself to be highly logical and you enjoy working computers, the career cluster might be best for you
vovikov84 [41]

Answer:

Information Technology Cluster

Explanation:

The Information Technology cluster uses your love of technology to learn how to design, develop and manage different types of software and hardware programs.

The information technology cluster is composed of the following four career pathways: information support and services, interactive media, network systems, and programming and software development.

3 0
3 years ago
Read 2 more answers
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