How do i add the web income for the year beside the following info?
Asset Jan 1 540000Liabilities Jan 1 260000
Common Stock Dec 31 290000
Retained Earnings Dec 31 35000
Common Stock sold during the year 20000
Dividends declared during the year 10000
Answers: Ending common stock $290,000
Common stock sold during the yr $20,000
Therefore origin common stock $310,000
Beginning assets $540,000
Beginning liabs $260,000
Therefore genesis owners' equity $280,000
Owners' equity = Common stock + Retained earnings
Beginning ret. yield = $280,000 - $310,000
= Accumulated losses of $30,000
Beginning accd losses ($30,000)
Add net income ?
Less Dividends declared ($10,000)
Equal finish retained earnings $35,000
From this, you can work out network income to be $75,000
Avoiding hiring an accountant & figuring out the numbers on your own is a righteous idea.not solely saves you money, but builds value skills...
There is a bit more information involved; so here, go to these URLS next to your calculations & verbs the answers up yourself...
http://www.paycheckcity.com/netpaycalc/n...
http://www.onlineconversion.com/incomeca...
http://www.usedcarfinancer.com/calculato...
Here is an example and practice problem about calculating network income.
http://drtaccounting.blogspot.com/2008/0...
In wht ways rural retailing is different from urban retailing?
Answers: The main way is foot traffic.
In an urban setting stores get lots of people just driving by and word of mouth.
In more rural areas there are fewer people, so fewer potential customers AND if the business is off the beaten path it may be very hard to get any drop in business at all.
Bad or lack of marketing/advertising is one of the main reasons new businesses fail.
Good luck
We, the citizens know urban / city retailing.
Rural retailing is different .. and a new concept which explores the rural people. One may be surprised to know the potential of rural retailing which may bring prosperity for these area..!
rural person buy daily requirement daily
city fellows buy daily requirement weekly or monthly. or in case of food grain six monthly
There is a vast difference between rural retailing, town retailing, city retailing and metro city retailing. first of all the ways to enter in rural market is the biggest challange for any retailer, after that take decision about product line and product mix is very critical phenonemon. to get the customers and maintain them is one of the issue.
If any one have any idea about how to enter in rural market or interested in debate about rural retailing please contact me.
chintan_u4u(a)yahoo.com
Which is now the best option to invest on currencies, the Euro, the dollar, the pound sterling, or other?
Answers: Definitely the Euro. British interest rates are going down and America's are being slashed, so both the Pound and Dollar have recently hit record lows against the Euro recently. The European Central bank is legally obliged to control inflation therefore must keep interest rates high as inflation is on the up within the Eurozone. Therefore the Euro will remain comparatively strong while the other two currencies slide against it. The Canadian dollar is also at a 30-year high against the American Dollar.
the pound