Given the following: Beginning capital $58,000 Ending capital $30,000 Owner withdrawal $25,000 Calculate net income or net loss. %24
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- Net income and dividends The income statement of a corporation for the month of February indicates a net income of $32,000. During the same period, $40,000 in cash dividends were paid. Would it be correct to say that the business Incurred a net loss of $8000 during the month? Discuss.Return on assets The following data (in millions) were adapted from recent financial statements of Tootsie Roll Industries Inc. (TR): The percent a company adds to its cost of sales to determine selling price is called a markup. What is Tootsie Roll’s markup percent? Round to one decimal place.Find the capital beginning when, Additional Income = 150,000.00 Net Income = 120,000.00 Withdrawal = 138,000.00 Capital Ending =217,000.00
- Calculate the unknown amounts appearing in each column. A B C Beginning Assets $50,000 $45,000 $65,000 Liabilities $30,000 $10,000 $45,000 Ending Assets $54,000 $42,000 $48,000 Liabilities $20,000 ? $15,000 During Year Sales Revenue ? $42,000 $42,000 Expenses $13,000 $35,000 $25,000 Dividends $1,500 $1,000 ?Eren’s capital increased by 100% during the year. Beginning capital was P1,750,000. Net income was125% of beginning capital. Additional investments during the year were P500,000.1.) How much was Eren’s ending capital?2.) How much withdrawals did Eren make during the year?If beginning capital was $25,000, ending capital is $37,000, and the owner's withdrawals were $23,000, the amount of net income or net loss for the period was: net loss of $35,000. net income of $35,000. net income of $14,000. net loss of $14,000
- Determine the missing amount Assets Liabilities Equity Revenues Expenses 150,000 75,000 ? 15,000 10,000 115,000 25,000 65,000 ? 76,000Question 1 Complete the table below: Capital Assets Liabilties 100, 000 ? 20, 000 ? 250, 000 150, 000 85, 000 200, 000 ? ? 90, 000 35, 000Given the following figures - what is closing capital? Opening Capital £250,000 Net Profit £32,000 Drawings £25,000 Select one £193,000 £257,000 £307,000 £243,000
- HII. DIRECTION: 1. Prepare the Statement of changes in equity with the accounts given below using your surname as your company name for the period ended December 31, 2019 Capital beginning Php150,000.00 Additional Investment Php50,000.00 Drawings Php78,000.00 Net Profit Php120,000.00 Capital beginning Php 75,000.00 Additional Investment Php25,000.00 Drawings Php15,000.00 (Net Loss) Php20,000.00 Example format is providedQuestion: 1) Calculate the closing capital from the following information: Drawings: $30 000 opening capital: $100 000 Net Profit: $50 000 required: Please answer this question by determining the correct closing capital from the above information.Question / Money 10,000,000, retained earnings 5,000,000, millions of financial reserves 4,000,000, financial loans, 250,000 and creditors 2,000,000, 1,000,000 payment notes, what is the amount of equity at the end of the year
