Alicia Keyes Company began the year with owner's equity of $280,000. During the year, the company recorded revenues of $375,000, expenses of $265,000, and had owner drawings of $30,000. What was Alicia Keyes' owner's equity at the end of the year?

Answers

Answer 1
Owner's equity = starting equity + revenues - expenses - withdrawals 

$280,000 + $375,000 - $265,000 - $30,000

Owner's equity is $360,000.
Answer 2

The owner's equity of Alicia Keyes' at the end of the year if company began the year with owner's equity of $280,000, revenue in the company is $375,000, expenses of $265,000 and owner drawings is of $30,000 is $3,60,000.

What is equity?

Equity is ownership of assets that may have debts or other liabilities attached to them.

What is revenue?

Revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business.

What is expense?

An expense is an item requiring an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs.

What are drawings?

Drawing refers to the action of taking funds from an account or company holdings for individual use.

Equity at the beginning [tex]=\$280,000[/tex]

Revenue [tex]=\$375,000[/tex]

Expenses [tex]=\$265,000[/tex]

Drawings [tex]=\$30,000[/tex]

The equity of the owner at the end of the year

[tex]=(\$280,000+\$375,000)-(\$265,000+\$30,000)\\=\$655,000-\$295,000\\=\$360,000[/tex]

Hence, the equity of the owner at the end of the year is [tex]\$360,000[/tex]

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Related Questions

An assembly line is an example of which type of Labor strategy

Answers

Answer:

The correct answer is division of labor.

Explanation:

Final answer:

An assembly line is an example of Division of Labor strategy, where tasks are split among different workers or groups for increased efficiency. It was popularized by Henry Ford in the production of the Model T and is fundamental to mass production methods.

Explanation:

An assembly line is an example of a Division of Labor strategy. This type of labor strategy entails the breakdown of complex tasks into simpler ones that can be executed efficiently by different workers or groups. Each individual or group on the assembly line specializes in one part of the manufacturing process, enhancing the overall productivity of the firm. This strategy, popularized by Henry Ford in 1913 with the production of the Model T, has been crucial for mass production in various industries.

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Between 1870 and 1900, the number of children younger than 16 working for wages rose from 700,000 to

Answers

Not only hazard but child labor rise steeply. Between 1870 and 1900 the number of children – typically under 16 and paid a portion of what adults made – grow from 700,000 to over 1.7 million. But why industrial workplaces were so unsafe because there were insufficient laws that required welfare be measured in the workplace, so most bosses decided that it was needless to implement preemptive measures.

When society has a higher level of capital per person, it is called ______________?

Answers

When society has a higher level of capital per person it is called CAPITAL DEEPENING.
Capital deepening refers to a situation in an economy, when the capital per worker is increasing. Capital deepening is measure by the rate of change in capital stock per labor hour.
Final answer:

A society having a higher level of capital per person is called capital intensity. It refers to production approach where more capital like buildings, machinery, and technology is used than labor. This commonly occurs in well-developed economies.

Explanation:

When society has a higher level of capital per person, it is referred to as capital intensity. Capital intensity is an economic term that describes an approach to production where a higher proportion of capital, such as buildings, machinery, and technology, is used in comparison to labor. This condition usually arises in highly developed economies where there is an abundance of capital and entrepreneurship along with a scarcity of labor. For example, an automobile production plant that uses highly sophisticated machinery to assemble cars is considered to have a high level of capital intensity.

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The pharmaceutical industry maintains sales of well over $100 billion a year, and more than half of all prescriptions are filled with ____ drugs.

Answers

Generic drugs are copies of brand-name drugs that have exactly the same dosage, intended use, effects, side effects, route of administration, risks, safety, and strength as the original drug. In other words, their pharmacological effects are exactly the same as those of their brand-name counterparts.

More than half of all prescriptions are filled with generic drugs, driven by the Hatch-Waxman Act which facilitated the growth of the generic drug industry. As a result, generic drugs offer a more affordable alternative for consumers, with significant cost differences compared to brand-name drugs.

The pharmaceutical industry sees sales well over $100 billion a year, with more than half of all prescriptions being filled with generic drugs. Generic drugs are cost-effective alternatives to more expensive brand-name medications. After the Drug Competition and Patent Term Restoration Act of 1984, also known as the Hatch-Waxman Act, the generic drug industry expanded significantly.

By 2006, generics accounted for over half of the industry, with U.S. sales surging from $15 billion in 2002 to $192 billion in 2006. Furthermore, while a branded prescription cost approximately $111.02, a generic prescription was priced at about $32.23 on average.

The rise of generics has not only influenced market dynamics but has also benefited consumers by providing more affordable medication options. Generic prescriptions are now an essential component of healthcare, underscoring the significant role of the Hatch-Waxman Act in promoting competition and accessibility in the pharmaceutical industry.

For the gillette fusion razor, over 60 percent of men who tried the razor adopted the product permanently. these men are known as __________ purchasers

Answers

The answer is repeat purchasers. The people who are repeat purchasers are the ones that promotes loyalty when in terms of buying or choosing a product in which is seen in the given scenario above as they use the same product that adopted the product permanently.

Electronic monitoring, house arrest and day reporting are examples of:

Answers

Final answer:

Electronic monitoring, house arrest, and day reporting are forms of alternative sentencing in law, distinct from incapacitation like prison. They involve monitoring, confining to a residence, and regular check-ins, respectively, aimed at preventing future crime without full incarceration.

Explanation:

Electronic monitoring, house arrest, and day reporting are examples of alternative sentencing strategies used within the criminal justice system. These approaches serve as ways to manage convicted individuals outside of traditional prison settings and are often implemented to prevent future crimes by various means. Electronic monitoring may consist of using technology to track a person's location or activities, ensuring they do not violate the terms of their release. House arrest confines individuals to their residences for certain periods, with possible exceptions for employment or medical appointments. Day reporting requires individuals to check in with authorities regularly, which could be daily or several times a week. This is different from incapacitation strategies like incarceration, which remove the defendant from society entirely, potentially through a prison sentence. Rehabilitation is another aspect of the criminal justice system which aims to alter a defendant's behavior through such measures as educational programs, treatment centers, or counseling.

What are the phases in a business cycle?

Answers

Recovery, Prosperity, Recession and Depression

What is the capital gains tax?

Answers

A capital gains tax is the tax levied when an investor sells a capital asset for more than the original purchase price. While the asset is held by the investor, no tax is charged as it only applies when the asset is sold. 

If a presentation features numerous slides in a row that all have the same general look and a user needs to see the slides and reorder them based on the text in their headings, which method would be the most advantageous for the user?
a.using the left pane in the Normal view, because the user can most quickly scroll through thumbnails of the slides
b.using the left pane in the Normal view, because the user can edit text and images in the slides in the thumbnails
c.using the Slide Sorter view, because it shows full-size images of the slides that will appear in the Slide Show
d.using the Slide Sorter view, because it can show larger slide previews that make the text easier to read

Answers

C: 
using the Slide Sorter view, because it can show larger slide previews that make the text easier to read

Answer:

a.using the left pane in the Normal view, because the user can most quickly scroll through thumbnails of the slides

Explanation:

using the normal view, it is very easy to reorder the slides quickly and easier.

a slide can not be used to reorder but only to show larger slide preview, therefore the correct option is "a".

a.using the left pane in the Normal view, because the user can most quickly scroll through thumbnails of the slides

Susanna wanted to check out a new salon in her locality, so she decided to go for a hair styling session. she was very happy with the way her stylist connected and related with her concerns. she is judging the service based on its ________.

Answers

people and it's friends 

The approach used by Susanna, to judge the the service of the new salon in her locality is based on its functional quality or service quality.

What is service quality?

In its modern definition, service quality is a comparison of perceived expectations (E) of a service with perceived performance (P), giving rise to the equation SQ=P-E. The expectancy-disconfirmation paradigm inspired this approach to service quality.

A company that provides high-quality service will meet or exceed customer expectations while remaining competitive. Empirical evidence suggests that improved service quality boosts profitability and long-term economic competitiveness. Service quality can be improved by improving operational processes, quickly and systematically identifying problems, establishing valid and reliable service performance measures, and measuring customer satisfaction and other performance outcomes.

Therefore, Susanna is judging the service based on its service quality.

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Francesca is making a list of her long-term goals. What advise would you give her?
1:have only one long-term goal
2: make them flexible
3: make them simple
4: make them time bound

Answers

When Francesca is making a list of her long-term goals, the advise that can be given to her is that she should D. make them time bound.

What is a goal?

It should be noted that a goal simply means the aims and aspirations of an individual. It's what one wants to achieve.

In this case, when Francesca is making a list of her long-term goals, the advise that can be given to her is that she should make them time bound.

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Answer:

It is best to make them time bound.

Explanation:

What term refers to the continuous process by which an individual changes during life?

Answers

Development is the term that refers to the continuous process by which individual changes during life.

An example of disintermediation is when the traditional retailer or service provider is reduced or eliminated in a supply chain. question 7 options:
a. True
b. False

Answers

Answer: (a.) TRUE

Disintermediation involves reducing or eliminating one or more steps such as middleman or intermediaries in a supply chain. It means removal of middleman in a business process. It occurs when the inflation rates are high.

The price index was 120 in 2012 and 126 in 2013. what was the inflation rate?

Answers

Final answer:

To calculate the inflation rate from 2012 to 2013, subtract the price index of 2012 from that of 2013, divide by the 2012 price index, and then multiply by 100. The inflation rate between these years was 5%.

Explanation:

The question you asked is about the calculation of the inflation rate, which is a measure of how much the overall price level of goods and services has risen over time.

To calculate the inflation rate between two consecutive years, you take the price index of the later year, subtract the price index of the earlier year, then divide by the price index of the earlier year and multiply by 100 to get a percentage. So for your given example, where the price index was 120 in 2012 and 126 in 2013, you would calculate the inflation rate using the following formula:

Inflation Rate = ((Price Index in Later Year - Price Index in Earlier Year) / Price Index in Earlier Year) × 100

For your specific question:

Inflation Rate = ((126 - 120) / 120) × 100

Inflation Rate = (6 / 120) × 100

Inflation Rate = 0.05 × 100

Inflation Rate = 5%

Therefore, the inflation rate from 2012 to 2013 was 5%.

David, an extravert, and tom, is an introvert, are studying in a small room with the television's volume is quite loud. based on what you know about genotype-environment interactions, what can you say about how effectively the two are studying?
a. david will find the television much more distracting than tom will.
b. tom will find the television much more distracting than david will.
c. both david and tom will start watching television and scheme to move the test back one week.
d. tom will most likely study better then david due the background noise of the television.

Answers

b because tom likes to be alone and to himself more often

If it cost $4.65 per day for a 5 day work week to ride the bus, and a weekly pass is $20, how much could you save by buying the pass?

Answers

3.25$ ................................................................................

Answer:

The answer is $3.25

Step-by-step explaination:

Given that the cost per day for a 5 day work week to ride the bus is $4.65

So, cost for 5 day to ride will become [tex]4.65\times 5[/tex]

                                                             = $23.25

& also Weekly pass cost $20

we have to find the money saved by buying the pass. Therefore, it can be calculated as

money saved = cost for 5 day to ride - weekely pass cost

                     =  $23.25 - $20 = $3.25

A typical hard drive has an arm, a read/write head, and:

Answers

Actuator and actuator arm and axis. A hard drive is one of the important parts of a computer. Hard drives are used a permanent storage box for data that are collected by the user. It can store the operating system on the computer, created files, pictures and much more.

In the marxian framework, the __________ comprises those who own and control the means of production

Answers

The bourgeoisie, or capitalists, are made up of those who own and control the means of production. However, they do very little actual labor. The labor is done by the working class, or the proletariat, who have been separated from their capital, the fruits of their labors.

Disarming anger is a vital component in establishing ____________ and in allowing the practice of ___________

Answers

The answer in the given spaces above is rapport and empathy. Rapport is a term in which it is having to have a relationship in which is in a close way and having to diminish anger, establishes this. While empathy is an act of having to understand the feelings of others in a way that this is practiced when an individual diminishes anger and establishes rapport.

One advantage of group decision making is that it usually provides ___ than individual decision making

Answers

Final answer:

Group decision making often yields more diverse and representative decisions than individual decision making as it incorporates a wider array of perspectives, despite higher transaction costs. It benefits from mechanisms that reduce free-riding and can result in strengthened group attitudes through group polarization.

Explanation:

One advantage of group decision making is that it usually provides more diverse perspectives and input than individual decision making. In a group setting, the exchange and discussion of ideas can lead to a decision that is more representative of the group's collective preferences, which is beneficial in tailoring policies more closely to the preferences of all members involved. Despite potential coordination challenges and transaction costs like time and effort invested in reaching a consensus, the outcome of group deliberation typically results in reduced conformity costs - the differences between what each individual hopes for and what decision is ultimately received.

Group decision making also involves mechanisms such as monitoring behavior, peer pressure, and incentives to minimize issues like free-riding, wherein some group members benefit from others' efforts without contributing themselves. Leaders in groups can offer both material incentives like discounts and solidary incentives like associating with like-minded individuals, to motivate group members towards collective action.

A phenomenon that can improve group decision making is group polarization, where the group attitude towards a particular viewpoint becomes stronger after discussion. However, it's also important to be aware of groupthink, where the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome. Strategies to avoid groupthink include seeking outside opinions, private voting, and ensuring all viewpoints are considered.

_____ of the sarbanes-oxley act addresses issues related to corporate and criminal fraud accountability. title i title xii title xiii title viii

Answers

The Title VIII of the sarbanes-oxley act addresses many issue related to criminal fraud and corporate accountability. In the sarbanes-oxley act title VIII addresses the issue that are related to corporate and criminal fraud accountability. Fraud is a crime and itself can be a civil wrong.

Suppose you filed your taxes and received a small refund from the IRS. What would have been the impact on the refund amount if you had decreased the W-4 allowances for that tax year?

Answers

If you decrease the W-4 allowances for that tax year, more money would be withheld from your paycheck by your employer throughout the year. This would mean that your refund would be larger than the amount when your W-4 allowances were increased. However, this scenario would also cause your take-home pay to be smaller throughout the year. Know that the number of allowances you claim on your W-4 doesn't impact the tax rate you are subject to, only how your taxes are paid.

Decrease W-4 allowances will increase the tax refund.

Further Explanation:  

W-4 form:

The W-4 form is filed by the employee for the determination of the income tax liability. The employee withholds the tax liability of the employee and gives the remaining balance of the paycheck to the employee. The W-4 allowance is a benefit given by the employer to the employee. The W-4 allowance will decrease the withholding amount from the salary of the employee.

The decrease in W-4 allowances:

The decrease in the W-4 allowance will decrease the net pay of the employee because the decrease in W-4 allowance will increase the withhold money from the paycheck of the employee. The decrease in W-4 allowance will result in a higher withholding amount. The employer would withhold a higher amount of paycheck. In case of a tax refund, the taxpayer will receive a higher amount of tax refund because the employer has paid a higher amount of income tax on his behalf.

Thus, the decrease in W-4 allowances will increase the tax refund.

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Answer details:

Grade: Senior School

Subject: Taxation

Chapter: Income Tax

Keywords:  Suppose, filed, taxes, received, small, refund, IRS, impact, refund, amount, decreased, W-4, allowances, tax year.

Where do banks get money to lend to borrowers?

the bank’s management

shareholders

the government

depositors

Answers

The answer is D depositors,

A depositor (you) places money in a banks vault, then the bank putts interest on it, and can use it if it needs to. As long as a certain amount of it stays in the bank in case you want to come and withdraw.


The option D is correct.

Banks get money to lend to borrowers from the depositors.

 

Further Explanation:

The main purpose of the bank to provide the loan to the customer and savings facility to the customer. The bank is the intermediary among the customer who has excess cash and the person who needs the cash. The banks provide the money to the lender from the cash deposited by the customer. The customer who deposited the cash in the bank is known as a depositor.  

Justification for the correct and incorrect answer:

A.

The bank’s management: This option is incorrect.  

As the bank’s management does the function of managing the bank. It does not provide the money to the bank. So, this option is incorrect.  

B.

Shareholders: This option is incorrect.  

Shareholders are the person who invested the money in the name of the bank company for a particular purpose. The money invested by shareholders can not be used to provide the loan to the lender. So, this option is incorrect.  

C.

Government: This option is incorrect.

The government does not provide any type of financial help to provide the loan to the lender. So, this option is incorrect.  

D.

Depositors: This option is correct.

The banks provide the loan to the lender by using the savings of the depositor. So, this option is correct.  

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Answer details:

Grade: Middle School

Subject: Banking

Chapter: Borrowing

Keywords:

bank, lend, borrowers, customer, depositor, bank’s management, government, shareholders, savings, invested, money, managing, borrowing.  

The number of employees that work in state and local criminal justice agencies is:

Answers

The number of employess that works in the state and local justices agencies, according to the research and studies, the number of employees who are involved with this type of job is about over one million base on the study provided.

How can understanding risk management topics help in everyday life?

Answers

Understanding risk management topics can help in the everyday life because understanding these risk will be of help in understanding and evaluating the possible risk that may come to a person’s life especially in situations that he or she could be involved in.

Answer and explanation;

Understanding risk management topics is important in everyday life as it can;

-Help safeguard your credit and protect you from lawsuits.

-Also help one to avoid large medical bills.

Risk management involves identifying, assessing and controlling threats to an organization's earnings and capital. The risks may originate from a variety of issues such as legal liabilities, accidents and natural disasters among others.

- Help evaluate the risks involved with situations you might face while driving, hanging with friends, or being adventurous.

Costs that change directly with the level of production are referred to as ________ costs

Answers

the answer to this question is Variable cost.
As the level of production increase , the total variable cost is increased and vice versa.
Examples of variable cost are the cost of sugar in condensed milk factory, the cost of leather in bag manufacturing, the cost of coffee beans in starbucks, etc.

A pharmacy company wants to add flu shots to its list of services. It releases a code for free shots online using____ . It creates radio ads alerting the public to the launch of its new service, which is a form of ____. It also sends sales representatives to elderly housing and schools to give brief talks on the importance of flu shots, which is an example of____ .
1.
A) direct marketing
B) billboards
C) social media
D) magazine ads
2.
A) direct marketing
B) advertising
C) sales promotion
D) website ad
3.
A) advertising
B) publicity
C) social media
D) sales promotion

Answers

1 is social meadia 2 is advertising and 3 is publicity

From the description given in the question, it is clear that 1. (C) social media is the answer to the first blank, since the pharmacy company releases a code online for free shots.

The radio ads that the company uses are a form of 2. (B) advertising since they are sending a message about their new service using the radio, while the sales representatives that they sent out are a form of 3. (B) publicity.

If you want your students to work on an assignment at a steady rate, the best thing for you to do is to
a. circulate around the room and praise students at frequent but unpredictable intervals.

Answers

To stimulate the response from the students, the teacher must continuously give reinforcements as a form of motivation each time there are assignments. This was students would feel satisfied with their work as it is recognized inside the class. This theory is known as associative learning through a conditioned stimulus of Pavlov.

Theo is injured at work and files a workers' compensation claim, which is administered by the workers' compensation agency in his state. his employer disputes the extent of theo's injuries. the case is heard by an administrative law judge ("alj"), who decides the case in the employer's favor. theo's attorney tells him that the alj's decision cannot be appealed to a court because:

Answers

because the judge has the final answer because Theo waved his right for a trial

Advertisements are a form of personal communication directed to specific consumers. True False

Answers

the answer is trueeeee
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