Freeman Неyward Jones Ramirez Beginning of the year. Assets $ 900,000 $490,000 $115,000 (d) Liabilities 360,000 260,000 81,000 $120,000 End of the year: 675,000 220,000 270,000 136,000 Assets 1,260,000 100,000 Liabilities 330,000 80,000 During the year: Additional investment in the business (a) 150,000 10,000 55,000 Withdrawals from the business 75,000 32,000 (c) 39,000 Revenue 570,000 (b) 115,000 122,500 115,000 Expenses 240,000 128,000 128,000

Freeman Неyward Jones Ramirez Beginning of the year. Assets $ 900,000 $490,000 $115,000 (d) Liabilities 360,000 260,000 81,000 $120,000 End of the year: 675,000 220,000 270,000 136,000 Assets 1,260,000 100,000 Liabilities 330,000 80,000 During the year: Additional investment in the business (a) 150,000 10,000 55,000 Withdrawals from the business 75,000 32,000 (c) 39,000 Revenue 570,000 (b) 115,000 122,500 115,000 Expenses 240,000 128,000 128,000

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter14: Security Structures And Determining Enterprise Values

Section: Chapter Questions

Problem 8EP

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