User Account

All Pages

Calculate the profit or loss for the year

Assignment Help Accounting Basics
Reference no: EM131967030

Question - During a particular year, the owner of Jones Pty Ltd made capital contributions of 15,000 but also made drawings of 8000. The liabilities of the business decreased by 1,5000 during the year while the assets increased by 10,500. Calculate the profit or loss for the year (show your calculations).

Reference no: EM131967030

Questions Cloud

Discuss about insurance-secured transactions and bankruptcy : Sally and Carl have received a foreclosure notice. The foreclosure sale is set to take place in seven days. They contact a bankruptcy attorney.
Payback period rule and average accounting return : Compare all advantages and disadvantages of Payback Period Rule, Average Accounting Return, Internal Rate of Return, and Profitability Index.
List three incident response tools : List the sequence of actions (methodology) of the CIRT team and provide a one-sentence description (ie Post-mortem Review, Eradication, etc)
Linear combinations of the predictor : Discriminant functions are linear combinations of the predictor or independent variables, which will best discriminate between categories
Calculate the profit or loss for the year : The liabilities of the business decreased by 1,5000 during the year while the assets increased by 10,500. Calculate the profit or loss for the year
Identify the appropriate arbitrage opportunity : Identify the appropriate arbitrage opportunity and show the appropriate arbitrage strategy.
Compute lawrence gross pay for the past week : Ryan Lawrence's regular hourly rate is $17. Compute Lawrence's gross pay for the past week. If required, round your answer to the nearest cent
Company equity and the debt-to-value ratio : What is the value of the company’s equity and the debt-to-value ratio? What is the equity value and the debt-to-value ratio if the company's growth rate is 3%
Create a simple python application : Create a Python script that takes two parameters to do the following:-List all files names, size, date created in the given folder.

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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