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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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How can professional education improve the life of people

devlian [24]

The education or educational programs which helps us to get the required practical and theoretical knowledge is called professional education. If we are provided with professional education it helps us to improve the lifestyle of people. We get job according to our knowledge. Which means if we have got professional education it helps us to get better job which provides us with good amount of money. And if we provided with better money our standard of living becomes good.

3 0

3 years ago

Vaughn Manufacturing purchased machinery for $980000 on January 1, 2017. Straight-line depreciation has been recorded based on a

Tresset [83]

Answer:

selling price= $199,633

Explanation:

First, we need to calculate the book value at the moment of the sale:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (980,000 - 56,500) / 5

Annual depreciation= $184,700

Accumulated depreciation= (4*184,700) + (184,700/12)*4

Accumulated depreciation= $800,367

Book value on May 1st:

Book value= purchase price - accumulated depreciation

Book value= 980,000 - 800,367

Book value= $179,633

Now, if the company makes a profit, the selling price was higher than the book value:

Gain= selling price - book value

20,000= selling price - 179,633

selling price= $199,633

4 0

3 years ago

On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $45,000. Alan made the appropriate year-end

shepuryov [24]

Answer:

Debit Notes Payable $45,000; debit Interest Payable $750; debit Interest Expense $750; credit Cash $46,500

Explanation:

The journal entry is given below:

Notes payable $45,000

Interest payable ($45,000 × 10% × 60 ÷ 360) $750

Interest expense ($45,000 × 10% × 60 ÷ 360) $750

To Cash $46,500

(Being payment of notes payable is recorded)

here note payable, interest payable, interest expense is debited as it increased the expenses and decreased the liabilities while on the other hand the cash is credited as it decreased the assets

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3 years ago

The ________ is a rule that permits employees and union officials to engage in union solicitation on company property if the emp

kobusy [5.1K]

Answer:

inaccessibility exception

Explanation:

https://quizlet.com/205638479/b-law-ch-32-flash-cards/

4 0

4 years ago

Assume that marginal revenue equals rising marginal cost at 100 units of output.

Digiron [165]

Answer:

b) -$700.

Explanation:

The economic profit or loss will be:

economic result = revenue - total cost

Where:

fixed cost + variable cost = total cost

400 + 600 = 1,000

revenue = units x selling price per unit

100 units x $3 = $300

economic result = revenue - total cost = 300 - 1,000 = -700

The company is on the optimal level, marginal revenue = marginal cost at 100 units of output.

But, it is not selling at the correct price. It should sale at a higher price.

5 0

3 years ago