Kelly started a business with £95,000 equity invested. During the year, she withdrew £15,000 in cash and £5,000 in goods for her own use. At the end of the first year she had an equity balance of £85,000. What was the profit/loss for the year? O A. Loss £20,000 O B. Loss £30,000 O C. Loss £10,000 O D. Profit £10,000

Smashed Pumpkins Company paid $208 in dividends and $631 in interest over the past year. The company increased retained earnings by $528 and had accounts payable of $702. Sales for the year were $16,580 and depreciation was $756. The tax rate was 40 percent. What was the company's EBIT? Multiple Choice $6,632 $1,511 $1,227 $1,858 $2,129

The Chief Financial Officer of Company X decides to purchase 1000 units of a key component for the company’s core Widget line for $1.0 million in cash. The purchase is recorded as the final entry at the close of business on the last working day of Fiscal Year 2019. As a result....   The Gross Margin declines.   The Payables Turnover ratio increases.   The Return on Equity increases.   The Cash Flow Margin declines.

Calvin invests $3,200 at an APR of 5.3% compounded monthly. Hobbes invests $3,150 at an APR of 6% compounded quarterly.A. Who has the higher accumulated balance after 2 years? B. Who has the higher accumulated balance after 4 years?

Would love the help. 5

During the year, Tulip had the following transactions:  Long-term loss on the sale of business use equipment $7,000 Long-term loss on the sale of personal use camper 6,000 Long-term gain on the sale of personal use boat 3,000 Short-term loss on the sale of stock investment 4,000 Long-term loss on the sale of land investment 5,000 Before the transactions, Tulip's AGI was $100,000.  Determine Tulip's new AGI, the rate the income will be taxed,  and any carryovers.