1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
prohojiy [21]
2 years ago
9

If the owner contributes $19,400 and net income is $15,900, how much did the owner withdraw (owner, withdrawals)

Business
1 answer:
NeX [460]2 years ago
3 0

Answer:

The owner withdrew $8,300

Explanation:

As per given Data

_______________ Assets ____Liabilities

Beginning of Year: $25,000 ___$17,000

End of Year: _____$62,000 ___$27,000

First, we need to the Beginning and Ending Equity value using following formula

Equity = Assets - Liabilities

Beginning Equity = Beginning Assets - Beginning Liabilities

placing values in the formula

Beginning Equity = $25,000 - $17,000 = $8,000

Ending Equity = Ending Assets - Ending Liabilities

placing values in the formula

Beginning Equity = $62,000 - $27,000 = $35,000

Now use the following formula to calculate the amount of drawing

Ending Equity = Beginning Equity + Contribution + Net Income - Owner withdrawal

Placing values in the formula

$35,000 = $8,000 + $19,400 + $15,900 - Owner withdrawal

$35,000 = $43,300 - Owner withdrawal

Owner withdrawal = $43,300 - $35,000

Owner withdrawal = $8,300

You might be interested in
Willow Trees Inc. makes seven different products, four of which are within their first year of existence. The demands for all pr
Papessa [141]

Answer:

Willow Trees Inc. should use bottom-up planning

Explanation:

Bottom-Up Planning is an effective method to increase productivity and efficiency of the production process. It includes planning, and defining the objectives that company needs to achieve through bottoms first.

Firstly, targets that will help achieve lower level hierarchy are set into place. From there they are slowly incorporated in higher level goals that will eventually reach the global goals of the company.

7 0
3 years ago
Gnosis Inc. is an energy drink manufacturer. A white racing stag on a purple background is the logo on all of its drinks. When c
xz_007 [3.2K]

Given that the logo of the brand is what makes people to buy when they see it, it is an example of a retrieval cue.

<h3>What is a retrieval cue?</h3>

This is the cognitive and the phsyical environment of a person that helps them to recall certain things.

The cue here helps people to but the brand of this drink because they have become so familiar with it.

Read more on business here: brainly.com/question/24553900

#SPJ1

3 0
2 years ago
If title to merchandise purchases passes to the buyer when the goods are shipped from the seller, the terms are.
BigorU [14]

FOB shipping point

Explanation:

FOB affects the buyer's inventory cost adding liability for shipped goods increases inventory costs and reduce net income.

3 0
1 year ago
You invested 50% of the wealth in stock A and the remaining 50% in stock B. The expected rates of returns on A and B are given b
tresset_1 [31]

Answer:

B. 1.291%

Explanation:

The computation of the standard deviation is shown below;

= 2000 + 2001 + 2002 +  2003

= 0.5 × 14% + 0.5 × 16% + 0.5 × 15% + 0.5 × 17% + 0.5 × 16% + 0.5 × 18% + 0.5 × 17% + 0.5 × 19%

= 15% + 16%  + 17% + 18%

= stdev( 15% + 16%  + 17% + 18%)

= 1.291%

Hence, the correct option is b.

7 0
2 years ago
When managers are evaluated on residual income, rather than on return on investment (ROI), they will be______(more/less) likely
anygoal [31]

When managers are evaluated on residual income, rather than on return on investment (ROI), they will be more likely to pursue projects that will benefit the entire company.

Explanation:

The most rising profitable formula is return on investments or ROI. There are several methods of calculating ROI, but dividing net income by total assets is the most common process.

If you have $100,000 net profits and $300,000 in cash, the ROI is $300,000. Thirty-three or three percent.

Due to its flexibility and simplicity, ROI is a common metric. In general, ROI can be used as a basic measure of the viability of an project. It may be the ROI for a capital sale, a company's ROI for an extension of a factory or ROI for an immobilisation operation.

4 0
3 years ago
Other questions:
  • Question 1
    15·2 answers
  • Cups of coffee of milk tea are substitutes. assume both have in elastic demand. Suppose exceptionally good weather increases the
    10·1 answer
  • Suppose that a monopolistically competitive restaurant is currently serving 240 meals per day (the output where MR = MC). At tha
    14·1 answer
  • Thirty-two new employees from Market Enterprises are attending orientation, receiving information about company policies, and fi
    13·1 answer
  • At her job of grooming horses, Polly Yaskovich worked 8 hours a day on Monday and Tuesday earning $67 each day. On Wednesday, sh
    10·1 answer
  • Consolidated Freightways is financing a new truck with a loan of $60,000 to be repaid in six annual end-of-year installments of
    5·1 answer
  • 15. Snowland and Pledza are neighboring countries. Pledza imports more products than it exports. Over the last decade, Pledza im
    10·1 answer
  • Moving between two points on a ppf, a country gains 8 desktop computers and forgoes 4 laptop computers. the opportunity cost of
    9·1 answer
  • According to functional job analysis, all jobs require workers to interact with?
    5·1 answer
  • TRUE/FALSE. Boycotting means that workers walk away from their jobs and refuse to return until a labor-management dispute has be
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!