Compute for the ending capital balance of juan for year

Assignment Help Accounting Basics
Reference no: EM132779981

Problem 1: Owner, Juan invested an initial capital amounting ?50,000 in order to put up his janitorial services company. During the first year of operation(2016), the company had a loss of ?25,000. Because of this, Juan invested additional capital amounting to ?50,000 in 2017. In the second year(2017), the company had a net income of ?100,000 for personal use. Compute for the ending capital balance of Juan for the year 2017.

Reference no: EM132779981

Questions Cloud

What is the book value of investment in joint venture : What is the book value of investment in joint venture to be reported by Tanner Inc. as of December 31, 20XA if the SME elects equity method?
What can be the objectives for researching social media : What can be the OBJECTIVES for researching social media trends over the past 5 years relevant to the Case Study Scenario?
Explain what viral mutations are : Explain what a virus is, what COVID19 is, what type of virus it is, what major known proteins are on its surface and how it enters a cell
Difference between a fixture and a chattel and the tests : Explain the difference between a fixture and a chattel and the tests employed to determine whether an item is a chattel or a fixture.
Compute for the ending capital balance of juan for year : The company had a net income of ?100,000 for personal use. Compute for the ending capital balance of Juan for the year 2017.
How much is juana withdrawal : In 2017, the business earned ?50,000. As of December 31, 2017, Juana's capital balance is ?200,000. How much is Juana's withdrawal?
Design of a training and development module for expatriates : What elements are important to include in the design of a training and development module for expatriates and What training and development tools
What are the genotypes of the children : Draw the Punnett square that illustrates this marriage. What is the man's genotype? What are the genotypes of the children?
How do determine what is present value of cash flow pattern : How do Determine What is present value of cash flow pattern? You have been offered the opportunity to invest in a project that will pay $1,969 per year

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd