If beginning capital was $100,000, ending capital is $85,000, and the owner's withdrawals were $10,000, the amount of net income or net loss was: net income of $5,000. net loss of $15,00o. net loss of $5,000. net income of S15,000.
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- A person invested $6600 for 1 year, part at 5%, part at 11%, and the remainder at 13%. The total annual income from these investments was $720. The amount of money invested at 13% was $600 more than the amounts invested at 5% and 11% combined. Find the amount invested at each rate.. The person invested $at 5%, $at 11%, and $at 13% CIT. If the liabilities are $4,000,000 and the owners’ equity is $1,200,000, what are theassets worth?If current assets are $100,000 and current liabilities are $42,000, what is the working capital?A. 200 percentB. 50 percentC. 2.0D. $58,000
- The asset - vehicle worth £21,200 will be depreciated by 10% at the end of the year. Which nominal accounts should be debited and credited, respectively? a) Debit Depreciation A/c & Credit Non-Current Asset A/c b) Debit Inventory A/c & Credit Depreciation A/c c) Debit Balance Sheet A/c & Credit Profit or Loss A/cThe following financial information was provided by Anya Company: Net Income 8,255,000.00 NOPAT 75,785,000.00 EBITDA 143,000,000.00 Net Profit Margin 6.00% Operating capital 425,070,000.00 After tax cost of capital 12.00% Tax rate 35.00% Assuming the Company has no amortization expense, how much is its depreciation expense? Use 2 decimal places in your final answerA company had a gross income of $45,000 last year. The firm had cash expenses of $23,500. In addition to the cash expenses, the firm bought a piece of land for $10,000. Depreciation expences were $11,575. The taxable income in last year was: A. $12,555 B. $2,255 C. $1,125 D. $33,265 E. $11,125