Assume the economy of Ucheland is currently at full employment. The government of Ucheland reduces the tax rate on household interest earnings.
a. What will happen to private savings in Ucheland?
b. Draw a correctly labeled graph of the loanable funds market, and show the effect of the change in private savings identified in part (a) on the equilibrium real interest rate.
Answers
Answer:
a) since the tax rate oh household interest earnings increases, the number of households that will save money will increase, and the households that were already saving money might increase the amount saved. As a result, private savings will increase in Ucheland.
b) see attached image
Related Questions
. Explain the puropose of the project charter ? Explain 3 tools and techniques that can be used to develop it
Answers
Answer:
It provides a preliminary delineation of roles and responsibilities, outlines the project's key goals, identifies the main stakeholders, and defines the authority of the project manager. A project charter should: Contain the essence of the project. Provide a shared understanding of the project
Explanation:
Develop a Project Charter - Tools and Techniques
Expert Judgment: A crucial step in executing the project by taking opinions from subject matter experts, garnering valuable inputs and understanding the business case complexity related to the project. ...
Data Gathering. ...
Interpersonal and Team Skills. ...
Meetings.
Stocks A and B have the following data. Assuming the stock market is efficient and the stocks are in equilibrium, which of the following statements is correct?
A B
Price $25 $40
Expected growth 7% 9%
Expected return 10% 12%
A) The two stocks should have the same expected dividend
B) The two stocks could not be in equilibrium with the numbers given in the question
C) A's expected dividend is $0.50
D) B's expected dividend is $0.75
E) A's expected dividend is $0.75 and B's expected dividend is $1.20
Answers
Answer: E) A's expected dividend is $0.75 and B's expected dividend is $1.20
Explanation:
Using the Gordon growth model, you can calculate the expected dividend. The formula is:
Price = Expected dividend/ (expected return - expected growth)
Stock A expected dividend
25 = D/ (10% - 7%)
D = 25 * 3%
= $0.75
Stock B expected divided
40 = D / (12% - 9%)
D = 40 * 3%
= $1.20
Option A, C and B are therefore wrong.
Option E is correct.
Megan and Susan are roommates. They spend most of their time studying (of course), but they leave some time for their favorite activities: making pizza and brewing root beer. Megan takes 5 hours to brew a gallon of root beer and 3 hours to make a pizza. Susan takes 8 hours to brew a gallon of root beer and 4 hours to make a pizza.
Megan's opportunity cost of making a pizza is (1/2 gallon, 2 gallon, 3/5 gallon, 1 2/3 gallon) of root beer, and Susan's opportunity cost of making a pizza is (1/2 gallon, 2 gallon, 3/5 gallon, 1 2/3 gallon) of root beer.
(Megan/Susan) has an absolute advantage in making pizza, and (Megan/Susan) has a comparative advantage in making pizza.
If Megan and Susan trade foods with each other, (Megan/Susan) will trade away pizza in exchange for root beer.
The price of pizza can be expressed in terms of gallons of root beer. The highest price at which pizza can be traded that would make both roommates better off is (1/2 gallon, 2 gallon, 3/5 gallon, 1 2/3 gallon) of root beer, and the lowest price that makes both roommates better off is (1/2 gallon, 2 gallon, 3/5 gallon, 1 2/3 gallon) of root beer per pizza.
Answers
Answer and Explanation:
The opportunity cost of megan for making pizza would be equivalent to the root amount as she make 1 pizza in 3 hours and in 5 hours she produced 1 boot beer so in one hour she produced 1 by 5th So for 3 hours it produced 3 by 5 so the opportunity cost would be 3 by 5 root beer gallon
Likewise for susan it produced 4 by 8 i..e 1 by 2 root beer gallons
By the above calculation the megan has the absolute advantage as megan takes lesser hours i.e. 3 hours while susan takes 4 hours
And, the susan has the comparative advantage as it contains the less opportunity cost i.e 1 by 2 as compared with megan i.e. 3 by 5
Also in the case of trade off susan would trade away as she has the comparative advantage
The highest price would be better off by 3 by 5 gallon
And, the lowest price is 1 by 2
Do you think people tailor their behavior to suit those in power more than they admit?
Answers
Answer:
yes, of course they do
Explanation:
people will always tailor their behavior wether it's against them or for them, depending on how they feel they will act a certain way
Regardless of whether something is working in their favor or against them, people will always adjust their conduct to suit their feelings.
People tailor their behavior to suit those in power more than they admit?I concur that most people behave differently in front of influential people. They modify their actions to suit those in positions of authority. In front of influential individuals, they also refuse to acknowledge the full amount of their subordination.
From a different angle, we must recognize that those in positions of authority do so for a cause. They are required to keep society working properly and in order. Because our supervisors have coercive power over us in addition to their position, we typically perform tasks at work according to their requirements and in their preferred style.
Therefore, If we don't change our conduct to fit their needs, we risk losing our jobs. In other cases, something else that we see as being important to us might take the place of the work. The source is driven into submission or obedience by the fear of losing that "Something."
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# SPJ 2
Mr. Dorji is not working currently
because his skills are not relevant for the jobs available in the market. What category of unemployment would Dorji fall in?
Select one:
a. Cyclical Unemployment
b. Structural Unemployment
c. Seasonal unemployment
d. Frictional Unemployment
= Structural Unemployment
Answers
Answer:
b. Structural Unemployment
Explanation:
Structural unemployment exists due to a mismatch between jobseeker's skills and the currently available jobs in the market. This implies that the market has available job opportunities, but the current labor force may require retraining to take up the jobs effectively.
Advancements in technology may cause structural unemployment. In recent years, robots have been replacing unskilled workers. It means these workers must acquire skills through training to have a chance of getting hired elsewhere.
A new machine comes with 200 free service hours over the first year. Additional time costs $180 per hour. What are the average and marginal costs per hour for the following quantities?
a) 125.
b) 225.
c) 325.
Answers
Answer:
a) 0, 0
b) 180 per hour, 20per hour
c) 180 per hour , 69.2 per hour
Explanation:
We are to calculate the average and marginal costs per hour of the given value above
a) Given Number of hours is 125, but we are told that the new machine comes with 200 free service hours over the first year. Then MARGINAL COST= 0 because the service can be equal to 200hours and the given 125 hours is less than that.
then AVERAGE COST = ZERO
(b) we are Given 225 number of hours
Additional time costs is given as $180 per hour.
Then we have $180 per hour as MARGINAL COST.
Total cost can be calculated as
= [$180 × (225 - 200)]
=[ $180 ×25] = $4,500
Average cost can be calculated as
ratio of Total cost to Number of hours i.e $4,500/225
= 20per hour
C)we are Given 325 number of hours
Additional time costs is given as $180 per hour.
Then we have $180 per hour as MARGINAL COST.
Total cost can be calculated as
= [$180 × (235 - 200)]
=[ $180 ×125] = $22,500
Average cost can be calculated as
ratio of Total cost to Number of hours i.e $22,500/325
= 69.2per hour
Using the Three-Step Ethics Model (Blanchard-Peale) analyze the following case:
A student knows that two other students who sit next to each other in class are cheating on exams because they talk about it after class. Is this an ethical dilemma? What, if anything, should the student do?
a. _______________________________________________________________________________________
b. _______________________________________________________________________________________
c. _______________________________________________________________________________________
Answers
Answer:
I. Yes, it is an ethical dilemma. There are two lines of action that are morally correct but conflict with one another. That is, individually, both lines of action seem correct or right but once a choice is made to go with one the other becomes wrongful. The student is probably torn between reporting and not reporting. If they report, the students will be punished and probably asked to repeat the exam. If they don't, the results for the examinations be a true example of the capacities of the student in the class.
An example would be a staff in a car dealership business who discovers that her boss always bribes the regional sales manager from the car company so that the company can get more vehicles allotted to them.
If she keeps quiet about it, she benefits because more cars mean more potential sales. More sales mean more profit for the business. More profit for the business means a guaranteed salary for the staff.
If she speaks up, the bribery which in a way puts other dealers at a disadvantage will probably stop. But she most likely will lose her job.
In the example above, there is no foreseeable repercussion for the student if he or she reports the matter of cheating to the relevant authority.
It is important to resolve the question of whether or not reporting such matter should rest on whether or not the subject would be exposed to a repercussion. This is what the 3 steps ethics model seeks to resolve.
2. In order to decide what to do, the student who observed the cheating must carry out the following excercise.
The 3-step Ethics asks the following questions:
1. Is it legal? the answer is No. That's why the word "cheat" is used to describe the action of the students during the examinations.
2. Is it fair? Cheating is not fair. It means that the subjects involved are not really being examined but would most likely have results that say "haveing being tested during the examinations, they had a better result than others."
3. How does it make me feel? Putting oneself in the observer's shoes, it is impossible to feel good knowing that others would be recognized and probably celebrated for doing the wrong thing.
Analyzing all the answers above, we see that they are all in the negative. Therefore, the matter should be reported to the examiners by the student who is doing the observing.
Explanation:
As can be seen from the answer above, the Three-Step Ethics Model (Blanchard-Peale) is best utilized for the resolution of an ethical dilemma. used when evaluating an ethical dilemma
Cheers
Comment with your agreement or disagreement (and why) on the following quote; include in your answer a discussion of what the CEO’s role should be in setting ethical standards and in enforcing ethical behavior: ""Value statements serve as a cornerstone for culture building; a code of ethics serves as a cornerstone for developing a corporate conscience.""
Answers
Answer:
agreed
Explanation:
In simple words, the modern business environment is such that an unethical firm will not survive for long in the market. Thus, it is mandatory for firms to be ethical in every way. A CEO of a company represents the company and can considerations the face of the entity, thus, his or her authority obliges him or her to act and make others act in an ethical manner.
The value statements and code of ethics should be considered as must for the operative activities as it serves as a code of conduct for followers.
The following information is available for Robstown Corporation for 20Y8:
Inventories January 1 December 31
Materials $44,250 $31,700
Work in process 63,900 80,000
Finished goods 101,200 99,800
December 31
Advertising expense $ 400,000
Depreciation expense-office equipment 30,000
Depreciation expense-factory equipment 80,000
Direct labor 1,100,000
Heat, light, and power-factory 53,300
Indirect labor 115,000
Materials purchased 556,600
Office salaries expense 318,000
Property taxes-factory 40,000
Property taxes-office building 25,000
Rent expense-factory 27,000
Sales 3,850,000
Sales salaries expense 200,000
Supplies-factory 9,500
Miscellaneous costs-factory 11,400
Required:
A. Prepare the 20Y8 statement of cost of goods manufactured.*
B. Prepare the 20Y8 income statement.*
* Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Less" or "Plus" will automatically appear if it is required. Enter all amounts as positive numbers. Be sure to complete the statement heading.
Answers
Answer:
A. Statement of cost of goods manufactured for the year ended 20Y8
Beginning Work In Process $63,900
Add Manufacturing Costs :
Materials ($44,250 + $556,600 - $31,700) $569,150
Depreciation expense-factory equipment $80,000
Direct labor $1,100,000
Heat, light, and power-factory $53,300
Indirect labor $115,000
Property taxes-factory $40,000
Rent expense-factory $27,000
Supplies-factory $9,500
Miscellaneous costs-factory $11,400
$2,005,300
Less Ending Work In Process ($80,000)
Cost of Goods Manufactured $1,989,250
B. Income statement for the year ended 20Y8
Sales $3,850,000
Less Cost of Goods Sold
Opening Finished Goods $101,200
Add Cost of Goods Manufactured $1,989,250
Less Ending Finished Goods ($99,800) ($1,990,650)
Gross Profit $1,859,350
Less Operating Expenses
Advertising expense $400,000
Depreciation expense-office equipment $30,000
Office salaries expense $318,000
Property taxes-office building $25,000
Sales salaries expense $200,000 ($973,000)
Net Income $886,350
Explanation:
Part A
Statement of cost of goods manufactured is a summary of the cost incurred in the manufacturing process.
Cost of Goods Manufactured = Opening Work In Process + Total Manufacturing Costs - Closing Work In Process
Part B
Income Statement shows the profit earned during the reporting period
Profit = Gross Profit (Sales - Cost of Goods Sold) - Operating Expenses
There are 72,922 seats in Lambeau Field where the Green Bay Packers play football. The Packers have sold out their season tickets since 1960. There were about 70,000 people on the waiting list to buy season tickets in 2018. Packers tickets are a normal good. As a result of the economic recession in 2010 during which people's incomes decreased, the:________.
a. demand for Packers tickets decreased.
b. substitution effect changed the quantity demanded.
c. quantity demanded of Packers tickets decreased.
d. demand curve for Packers tickets shifted rightward.
Answers
Answer: quantity demanded of Packers tickets decreased.
Explanation:
First and foremost, we should note that normal goods are the goods that when the income of an individual rises, the individual will buy more and in a case whereby the income reduces, the person will buy less.
Therefore, during recession when people's incomes decreased, the quantity demanded of Packers tickets decreased as well
What are the factors that affect individual productivity?
Answers
Answer:
The factors that affect individual productivity is described below in details.
Explanation:
Important Factors Influencing Employee Productivity:
Work Environment: An employee’s work conditions affect their attitude, energy, and overall production in your organization. Processes: Processes, or their inadequacy, has a tremendous influence on organizational potency.Goals: Clearly illustrated work goals are great for boosting potency levels because they’re dimensions of productivity themselves.Simone has a concave utility of wealth function, u(x). She is contemplating two prospects, Y and Z. EV(Z) > EV(Y). Which of the following statements is true?
a. Simone will necessarily prefer Z to Y.
b. Simone’s ranking of Y and Z cannot be determined without knowing the distribution of the outcomes that result in EV(Y) and EV(Z).
c. Simone will necessarily prefer Y to Z.
d. Because EV(Z) > EV(Y), EU(Z) > EU(Y), but that is not sufficient information to determine her preference ranking.
Answers
Answer:
b. Simone ranking of Y and Z cannot be determined without knowing the distribution of outcomes that result in EV(Y) and EV(Z).
Explanation:
The utility wealth function describes the satisfaction of a consumer by the consumption of real goods and services. The utility function of Simone cannot be determined without knowing the opportunity cost between Y and Z.
What is a positive and what is a normative statement?
Answers
Answer:
normative statement: conclusions based on value judgments that cannot be tested
positive statement: conclusions based on logic and evidence that can be tested.
Hope that helps
Have a good day
Imagine that a new technology is invented that makes it very cheap to produce highly efficient solar panels that can be put on cars stuff. Give the effect in the following markets.
a. price of solar panels
b. quantity of solar panels
c. price of oil
d. quantity of oil
e. price of tires
f. quantity of tires
Answers
Answer
Quantity of solar panels increase , Price of solar panels decrease
Quantity of tires increase, Price of tires increase
Quantity of oil decrease, Price of oil decrease
Explanation:
Supply is directly related to technological upgradation.
So, technical upgrade will increase ie rightwards shift the supply curve. Hence, quantity of solar panels will increase.
Increase in supply will create competition among sellers, so the price of solar panels will decrease
Tires are complementary goods to car solar panels. Price & quantity of complements are inversely related. Lower priced solar panels imply higher demand quantity of tires. Increase & rightwards shift in demand implies competition among buyers & tires' price increase.
Oil is a substitute good to solar panels. Price & quantity of substitutes is directly related. Lower priced solar panels imply lower oil demand quantity. Decrease & leftwards shift in demand curve implies excess supply & competition among sellers, so price of tires decrease.
Paragraphs in a business email should be 20 to 40 words long. True False
Answers
What can a speaker do to ensure that they are respectful of their audience, especially when speaking to a skeptical audience or an audience that has different values than their own?
Answers
ANSWER
Always state the facts pertaining to your speech.
Always avoid stereotypes during a speech.
Never bash or be bias.
Remain objective.
Have respect for the people and their values as well as beliefs .
Explanation:
Stock Y has a beta of 1.3 and an expected return of 15.3 percent. Stock Z has a beta of 0.70 and an expected return of 9.3 percent. If the risk-free rate is 5.5 percent and the market risk premium is 6.8 percent, the reward-to-risk ratios for stocks Y and Z are and percent, respectively. Since the SML reward-to-risk is percent, Stock Y is (Click to select) and Stock Z is:_______ . (Round your answers to 2 decimal places. (e.g., 32.16))
Answers
Answer:
Reward-to-risk ratio Y =7.54%
Reward-to-risk ratio Z = 5.43%
Since the SML reward-to-risk is 6.8%
Stock Y is Undervalued
Stock Z Overvalued
Explanation:
Calculation for the reward-to-risk ratios for stocks Y is 7.54% and Z is 5.43% respectively.
Reward-to-risk ratio Y = (15.3%-5.5%)/1.3
Reward-to-risk ratio Y =7.54%
Reward-to-risk ratio Z = (9.3%-5.5%)/0.7 =
Reward-to-risk ratio Z = 5.43%
Therefore the reward-to-risk ratios for stocks Y and Z are and percent, respectively
Since the SML reward-to-risk is 6.8%
Stock Y is undervalued while Stock Stock Z on the other hand is overvalued reason been that
Reward-to-risk ratio Y is high while the Reward-to-risk ratio is low .
what are the similarities between scientific theory and bureaucratic theory?
Answers
Answer:
The Scientific Theory is based on using data and human strengths to increase output, while the Bureaucratic management style focuses on hierarchies and tight job roles. Regardless of the organization, the goals remain the same across the board. Every organization strives to minimize costs, while maximizing output.
Which of the following answer options are your employer's responsibility? (OSHA)
(A) Develop a written hazard communication program
(B) Implement a hazard communication program
(C) Maintain a written hazard communication program
Answers
Answer: A, B, and C. ALL OF THE ABOVE!
Explanation:
They're all the correct answer.
An employer's OSHA responsibility with regard to a hazard communication program is (C) Maintain a written hazard communication program.
OSHA's HCS, 29 CFR 1910.1200 (e) specifically requires the employer to maintain a written hazard communication.This written program includes maintenance of labels and other warning forms, safety data sheets.It is also required that the employer should provide safety information and training, especially for its employees.Thus, the responsibility of the employer is not to develop or implement a hazard communication program but to maintain a written hazard communication program.
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Overall what statement is most true of Judith
Answers
There are hundreds of high school students in need of algebra tutoring services. Dozens of companies offer tutoring services, and they view the quality of the tutoring at the different companies to be largely the same.
Number of Firms (few, one, or many)
Types of product(differentiated, unique, anything, or standardized)
Entry (challenging, impossible, or easy)
Market model (perfect competition, monopoly, monopolistic competition, or oligopoly)
Answers
Answer:
Number of firms: many. There are dozens of companies offering tutoring services, so we can safely say that the number of firms in this market is many.
Types of product: standardized. Consumers of this market, who are the students, view the quality of all algebra tutoring companies as being essentially the same.
Entry: easy. The only requirement to enter this market is to be able to teach algebra, so as long as a person knows algebra, this person would in theory be able to enter the market.
Market model: perfect competition. The market of algebra tutoring services in this case is closest to perfect competition. Both buyers and sellers are plenty, so neither can excercise market power. The product offered is standardized, which means that each firm's tutoring service is a perfect substitute for the tutoring services of the other firms. Finally, barriers of entry and exit are almost non-existant.
The Phillips Curve is a graphical depiction of the
Select one:
a.
negative relationship between inflation and unemployment.
b.
positive relationship between inflation and output.
C.
negative relationship between unemployment and output
d.
negative relationship between inflation and the CPI
= negative relationship between inflation and unemployment.
Answers
Answer:
= negative relationship between inflation and unemployment.= negative relationship between inflation and unemployment.
Explanation:
= negative relationship between inflation and unemployment.= negative relationship between inflation and unemployment.= negative relationship between inflation and unemployment.= negative relationship between inflation and unemployment.= negative relationship between inflation and unemployment.= negative relationship between inflation and unemployment.= negative relationship between inflation and unemployment.= negative relationship between inflation and unemployment.= negative relationship between inflation and unemployment.= negative relationship between inflation and unemployment.= negative relationship between inflation and unemployment.= negative relationship between inflation and unemployment.= negative relationship between inflation and unemployment.= negative relationship between inflation and unemployment.= negative relationship between inflation and unemployment.
How are bonds a safer investment than stock?
A. Bonds are safer because they are loans with a guaranteed interest rate for return
B. Bonds are sager because they are paid with with taxes
C bonds are safer because they are paid by the stock market
D bonds are safer cause they qre assets with gauranteed return from the government
Can be mutiple answers
Answers
Answer: D and B
Explanation:
The stock market is where you invest where you want to and hope the money will grow bigger by the company growing bigger. Bonds are you paying a certain amount of money and the government will pay back a little back at a time so if the government doesn't pay which is very unlikely is the reason why bonds are safer.
Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method Smiley Corporation wholesales repair products to equipment manufacturers. On April 1, Year 1, Smiley Corporation issued $20,000,000 of five-year, 9% bonds at a market (effective) interest rate of 8%, receiving cash of $20,811,010. Interest is payable semiannually on April 1 and October 1.
a. Journalize the entry to record the issuance of bonds on April 1, Year 1. For a compound transaction, if an amount box does not require an entry, leave it blank.
b. Journalize the entry to record the first interest payment on October 1, Year 1, and amortization of bond premium for six months, using the straight-line method. (Round to the nearest dollar.) For a compound transaction, if an amount box does not require an entry, leave it blank.
c. Why was the company able to issue the bonds for $20,811,010 rather than for the face amount of $20,000,000?
The market rate of interest is the contract rate of interest.
Answers
Answer:
a. Journal Entry Debit Credit
Cash $20,811,010
Bonds Payable $20,000,000
Premium on Bonds Payable $811,010
(To record the issuance of bonds on April 1)
b. Journal Entry Debit Credit
Interest expense $818,899
Premium on Bonds payable $81,101
(811,010/5 * 6/12)
Cash $900,000
(To record the first interest payment on October 1,
Year 1, and amortization of bond premium)
c. Company can issue at price 20,811,010 instead of 20,000,000 because coupon rate of company is higher than the effective rate of interest so company is able to issue the bonds have been issued at a premium.
there’s 15 questions and this is 5.
Answers
Today, you deposit $2,500 of cash in a savings account that earns 8.0% in annualized interest. One interest payment is received at the end of every year. You make no other deposits or withdrawals.
In five years, the amount of interest on interest you have earned in your savings account is closest to: ________
a. $173
b. $175
c. $177
d. $1,000
e. $1,177
Answers
Answer:
a. $173
Explanation:
The computation of the amount of interest earned in five years is shown below;
But before that following calculations need to be done
As we know that
Simple interest = Present value × rate of interest × time period
= $2,500 × 8% × 5
= $1,000
Now the future value is
Future value = Present value × (1 + rate of interest)^number of years
= $2,500 ×(1 + 8%)^5
= $2,500 × 1.4693280768
= $3,673
Now the compound interest is
Compound interest = Future value - Present value
= $3,673 - $2,500
= $1,173
Now interest on interest is
Interest on interest = Compound interest - Simple interest
= $1,173 - $1,000
= $173
what is an element of management activity in business?
Answers
This question tests your understanding of the economics of a commodity tax. Assume that in each case the demand curve slopes down from top left to bottom right and the supply curve slopes up from bottom left to top right If the government halved a commodity tax, what would not always follow?
a. The quantity traded would increase
b. The price exclusive of commodity tax that sellers receive would rise.
c. The price inclusive of commodity tax that buyers pay would fall.
d. Tax revenue would increase.
Answers
Answer:
d. Tax revenue would increase.
Explanation:
When government halved commodity tax so they divided into two parts so it is use full them to manage it separately in two different parts. So when government needs more revenue they tax some commodity on their trade. So now government collects different taxes from different parties so their tax revenue increases by that decision.
When consumers study consumer behavior, they should come to make better decisions. Which of the following can be helpful in enlightening consumers?
A) Consequences associated with poor budget allocation.
B) The role of emotions in consumer decision making.
C) Avenues for seeking redress for unsatisfactory purchases.
D) The effect of the environment on consumer behavior.
E) All of the above.
Answers
Answer: E) All of the above.
Explanation:
All the topics listed above can be helpful in enlightening consumers. They need to know what happens when they make poor budgeting decisions so that they can avoid it. They also need to understand the emotions involved in consumer making so that they can avoid making emotional decisions if need be.
They need to know that they can as well as where they can report purchases that were unsatisfactory and they need to understand that the environment can influence consumer behaviour so that they can make wiser decisions.
For Sunland Co., beginning capital balances on January 1, 2020, are Nancy Payne $18,900 and Ann Dody $24,000. During the year, drawings were Payne $8,700 and Dody $5,200. Net income was $28,700, and the partners share income equally.
Show the partners' capital statement for the year and show the owners' equity section of the balance sheet at December 31, 2020.
Answers
Answer and Explanation:
The preparation of the partner capital statement and the owner equity section is presented below:
Partner capital statement
Particulars N. Payne Ann Dody Total
Beginning
balance $18,900 $24,000 $42,900
Less: Drawings -$8,700 -$5,200 -$13,900
Balance left $10,200 $18,800 $29,000
Add: Net income
share 50% 50% $14,350 $14,350 $28,700
ending balance $24,550 $33,150 $57,700
Now the balance sheet is
Sunland Co,
Partial balance sheet
Dec 31,2020
Owner capital
Partner capital balance $29,000
Add: Net income $28,700
Total owner equity $57,700
