User Account

All Pages

Find the amount the owner withdrew for personal use

Assignment Help Accounting Basics
Reference no: EM133148587

Question - The beginning capital balance shown on a statement of owner's equity is $53,000. Net income for the period is $34,000. The owner made no additional investments during the period. The owner's capital balance at the end of the period is $73,000. Find the amount the owner withdrew for personal use during the period?

Reference no: EM133148587

Questions Cloud

What are the breakeven point sales in units : If fixed costs are $250,000, the unit selling price is $20, and the unit variable costs are $16. What are the breakeven point (BEP) sales in units
Look up diversity education and diversity consciousnesses : Look up "diversity education" and "diversity consciousnesses" on the Internet, and use one or more of the questions below to frame your response:
Essay that presents leadership development plan : Compose an essay that presents your leadership development plan. three outside resources required.
Give an example of the security risks associated : Give an example of the security risks associated with a mobile devices? And 3 recommendation to prevent it
Find the amount the owner withdrew for personal use : The owner's capital balance at the end of the period is $73,000. Find the amount the owner withdrew for personal use during the period
Competitive dynamics between china and the united states : How would you describe the competitive dynamics between China and the United States?
Explain the value of making profit : The values stated are bound to make a difference. For instance, if somebody has respect for human dignity, the value of making profit only from work that satisf
What would be a smart goal for the family : A family has owned property with a small lake for many generations.
Calculate each year depreciation expense : Calculate each year's depreciation expense for the period 2015-2020 under each of the following depreciation methods: Straight-line

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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