User Account

All Pages

What is the amount of the ending capital balance

Assignment Help Accounting Basics
Reference no: EM132560284

Question - Tarr, a sole proprietorship, had the following balances and transactions during 2017: beginning capital, $40,000; contribution of cash to the business by the owner, $15,000; revenue, $60,000; expenses, $35,000; withdrawal by the owner, $5,000. What is the amount of the ending capital balance?

a. $40,000

b. $85,000

c. $60,000

d. $75,000

Reference no: EM132560284

Questions Cloud

How would your level of professional skepticism differ : How would your level of professional skepticism differ depending on whether you are performing a review versus an audit engagement
Represent an increase and a negative number : Jane currently has $4,800 in her savings account and $2,000 in her checking account at the local bank.
Health problems or issues currently impacting your community : What are the health problems or issues currently impacting your community? How do you plan to assist in prevention and intervention programs of your community.
Define components of it strategic plan in retail industry : Evaluate information Technology strategic planning process in the retail industry. Components of IT strategic plan in the retail industry.
What is the amount of the ending capital balance : Tarr, a sole proprietorship, had the following balances and transactions during 2017: beginning capital, $40,000; What is the amount of ending capital balance
Prepare the journal entry to record melissa income tax : On December 31, 2017, Melissa Corporation purchased a small office building for $1,380,000. Prepare the journal entry to record Melissa income tax
Describe the need for high availability and redundancy : Recommend a configuration for shared storage; make sure to discuss the need for high availability and redundancy for virtualization for the organization.
Environmental literacy plan final : Discuss ways to live more sustainably. Create a sustainable community. What does a sustainable community look like?
Discuss the travel industry using data mining applications : As noted by Efraim (2020), data mining has become a popular tool in addressing many complex business problems and opportunities.

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