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2 years ago

if a start up business owner invests $25,000 cash and then borrows $15,000 from a bank, the owner's equity would be

Business

1 answer:

ss7ja [257]2 years ago

7 0

The owner's equity would be $10,000

<h3>What is owner's equity?</h3>

Owners Equity is the residual interest that represents the portion remained to the investors such as partners and shareholders.

This is computed by deducting liabilities from the asset account, which includes capital accounts and retained earnings.

Using the accounting equation,

Assets = Liabilities + Equity

$25,000 = $15,000 + Equity

Equity = $25,000 - $15,000

Equity = $10,000

Therefore, owner's equity would be $10,000

Learn more about owner's equity here: brainly.com/question/11110287

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Sean is initially unsure about which laundry detergent brand to buy: Stainz-Out or Ocean Fresh. Thanks to advertising, he has le

svlad2 [7]

Answer:

Positive effect advertisement

Explanation:

Base on the scenario been described in the question, the effect of the Ocean fresh because of the positive effect advertisement. This so because he discovered that ocean fresh is more cheaper and has almost the same price with that of stainz-out.

We can define positive advertisement as some kind of marketing strategies which show the target population all the positive effects which one can receive due to any particular product or service

4 0

3 years ago

actionow and becca enter into an oral contract in which becca agrees to work on a project for actionow’s living opportunities ce

JulsSmile [24]

Based on the fact that ActioNOW and Becca entered into an oral contract where Becca agrees to work on a project for ActioNOW for eighteen months, the enforcers of this contract are d. none of the choices.

<h3>Who can enforce this contract?</h3>

This transaction between Becca and ActioNOW was an oral contract which means that it falls under the Statute of Frauds. However, for an oral contract to be enforceable under this Statute, the goods or services exchanged have to be less then $500 in value.

The services or goods also have to be less than 1 year in duration. Because Becca and ActioNow agreed for a contract of 18 months which is more than a year, this contract is not enforceable under the Statute of Frauds and so the government cannot enforce this contract.

Options include:

a. ActioNOW.
b. Becca.
c. any third party, such as ActioNOW’s clients.
d. none of the choices

Find out more on the Statute of Frauds at brainly.com/question/14854791

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8 0

1 year ago

Portside Watercraft uses a job order costing system. During one month Portside purchased $173,000 of raw materials on credit; is

Nadya [2.5K]

Answer:

One parent organism and no egg or sperm

Explanation:

5 0

4 years ago

The brooks' paid-off property sold for $247,600. what will they net after paying a 7.5ommission to their broker?

Ronch [10]

They will pay net $229,030 after paying a 7.5% commission to their broker.

<h3>What is commission?</h3>

Commissions are a type of variable-pay compensation for provided services or sold goods.
Commissions are a typical method of encouraging and rewarding salespeople. It is also possible to create commissions to promote particular sales behaviors.
For instance, when offering significant discounts, commissions might be decreased.
When you buy, you normally pay a commission, and when you sell, you typically pay another commission. Investment commissions are not regarded by the IRS as a tax-deductible item.
Instead, the commission is included in the cost basis of the investment, giving you a small tax break.

<h3>Calculation of net payment:</h3>

= 100% - 7.5%

= 92.5%

= $247,600 x 92.5%

= $229,030

Hence, they will pay net $229,030 after paying a 7.5% commission to their broker.

Learn more about commision here:

brainly.com/question/20987196

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3 0

2 years ago

A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per un

harina [27]

Answer:

Cost of goods sold= $133

Explanation:

Giving the following information:

A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per unit. On August 3, the company purchased 16 units at $14 per unit. Then, on August 5, the company sold 12 units. The 12 units sold consisted of 7 units from the August 3rd purchase and 5 units from the August 1st beginning inventory.

Cost of goods sold= 7*14 + 5*7= $133

7 0

4 years ago