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STALIN [3.7K]
3 years ago
9

Cragmont has beginning equity of $277,000, net income of $63,000, withdrawals of $25,000 and no additional investments by owners

during the period. Its ending equity is:
Business
1 answer:
MatroZZZ [7]3 years ago
3 0
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
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Explanation:

5 0
3 years ago
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When the marginal revenue curve intersects the horizontal axis A. demand is relatively inelastic. B. demand is perfectly elastic
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Answer:

D. demand is unitary elastic.

Explanation:

A unitary elastic demand means that the quantity demanded will change proportionally to any change in the price of the product or service. E.g. price decreases by 10%, then quantity demanded will increase by 10%.

The marginal revenue curve represents the additional revenue generated by selling one more unit. As the marginal revenue curve approaches 0, it means that selling one additional unit generates lower revenues.

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What happens to the price and the quantity bought and sold in the cocoa market if countries producing cocoa experience a drought
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Then, due to the new study which is released demonstrating the health benefits of cocoa, this will lead to an increase in the demand for cocoa. The demand will rise and since there's increase in demand and reduction in supply, the price will rise.

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Jason keeps a record of his transactions in a notebook. Looking over his records for the past two weeks, Jason finds that his ba
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The explanation to the discrepancy arising in Jason's accounts and his bank statement is "Jason transposed the digits on the microwave’s price, which actually cost $86. 74." This can be calculated by reconciling the balance of accounts and bank passbook.

<h3>What is reconciliation statement?</h3>

Reconciliation statement refers to a statement that is prepared to match the accounting balance with the balances in bank passbook. The differences arising due due omission, commission, duplication, or error of principal are given proper effect in the reconciliation to match account with the bank balances.

The answer to the given question can be justified as follows:

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Ending balance as per accounts is $491.33.

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Difference in ending balance is \%491.33 - \$473.33 = \$18

The only statement that justifies the difference of $18 is that the digits of microwave has been transposed from $86.74 to $68.74.

The difference so arising from this error is $86.74 - $68.74 i.e. $18

Hence the correct statement is D

Learn more about the topic here:

brainly.com/question/6601838

4 0
3 years ago
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Answer:

The correct answer is: in retail.

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