The statement of partners' equity shows each partner's beginning capital balance, additional investments, allocated income or loss, partners' withdrawals(expenses, withdrawals), and ending capital balance.
<h3>What is
capital balance?</h3>
Capital Balance refers to the principal balance of a Loan at any point in time to which the Servicer applies the relevant interest rate at which interest on that Loan accrues.
Simply add up the company's total current assets and subtract the total current liabilities from that total. The result is the amount of working capital available to the company at that time.
The capital balance is the amount borrowed less the future interest rate paid in monthly installments. It is the sum you must pay if you want to settle the contract.
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The allowance for doubtful accounts credited, instead of accounts receivable when recording the adjusting entry for bad debts Because accounts receivable is made up of numerous client accounts, it cannot be credited unless it is known which particular customer will not pay.
The provision for questionable accounts is referred to as a "counter asset" since it reduces the value of an asset, in this example, the accounts receivable. The compensation, often known as a doubtful account, is management's projection of the amount of accounts receivable that customers will not pay. Let's assume, using the aforementioned example, that on June 30 a business reports an accounts receivable debit balance of $1,000,000. The business predicts that $50,000 will not be converted into cash and expects some consumers won't be able to pay the full amount.
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Answer:
balance sheet
Explanation:
Balance sheet can be regarded as financial statement which gives reports of the liabilities, equity of shareholders as well as assets of the company at a specific point in time, It provides a basis that can be used in computing rates of return as well as evaluating its capital structure.
It should be noted that balance sheet is
financial statement that provides a snapshot view of the financial condition of a business at a point in time
Answer:
A) shut down; losses; $15,600
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry. Firms earn zero economic profit in the long run.
If in the short run, price is less than average variable cost, the firm should shut down. In this question, price ($10) is less than average variable cost ($18). The firm should shut down in the short run.
Profit or loss = Total revenue - Total cost
($10-$23) x 1200 = -$15,600
The firm is earning a loss because average total cost in greater than price.
I hope my answer helps you
The answer is:
(1) who had the name first
(2) whether there would be confusion in the market as to which company was which
(3) whether the name was so well known that it would instantly be associated with one of the companies
who first had the name need to be considered in order to obtain legal ownership of the domain. Finding out whether the name is already familiar in the market is being done in order to ensure that company's effort is not falsely accredited to another company.
