Illustrate what is the amount of scott owner equity

Assignment Help Business Management

Reference no: EM1381011

Q. Scott's Camera Shop started the year through total assets of $80,000 also total liabilities of $40,000. During the year, the business earned revenues of $120,000 also incurred expenses of $70,000. Scott made no capital contributions during the year, but did make withdrawals of $60,000. Illustrate what is the amount of Scott's owner's equity at the end of the year?

Reference no: EM1381011

Questions Cloud

In each situation which source of law has priority : Americans through a Better Cause (ABC), a nonprofits organization, files a suit against the U.S. Department of Justice. In each situation, which source of law has priority.

Determining the throughput : A group of stations share a sixteen kbps slotted Aloha channel. Each station outputs a eighty Bytes frame and buffers any outgoing frames until they can be sent.

Elucidate how much is it worth at maturity : You buy a 6 year, 8% CD for $1,000. Interest is compounded annually. Elucidate how much is it worth at maturity. Illustrate what's the present value of $1,000 to be received in 8 years.

Describe explicitly the optimal inventory system for deskpro : Describe explicitly the optimal inventory system for DeskPro. Draw the corresponding inventory-time diagram. Explain how the inventory system works, what is the optimal order amount

Illustrate what is the amount of scott owner equity : Scott made no capital contributions during the year, but did make withdrawals of $60,000. Illustrate what is the amount of Scott's owner's equity at the end of the year.

Implementing relational database management system : Jim and Tim are brothers who have a love of robots. They started a house based business called 'RoboBoys' where they custom create robots for fun, gifts, competition and decoration.

Suppose that the agent expects both daytime and evening call : Suppose that the agent expects both daytime and evening calls. At what point (ie percentage of call minutes for daytime calls) would she be indifferent between plans A and B?

How industry conditions can this be achieved : The industry is still booming so the management team has set a modest market share objective of .3% increase. Based on the data provided compared to present trade also industry conditions can this be achieved.

Illustrate what further research might be suggested : illustrate what further research might be suggested by the find outings of this study. Or do you have sufficient information to stop the use of reader response cards in Industry Week.

User Account

All Pages