Accounting - please relieve me!?
This is due today and I am stressed!prepare a statement of owners equity and what is the missing amount? I dont know?
Beginning
assets $50,000
liabilities 20,000
end
assets $70,000
liabilities 30,000
owners equity
investments by owner $0
withdrawal by owner 45,000
Income Statements
revenues $230,000
expenses ?
Please help me!Thank You!
Answers: Sorry, I lately saw the question and it's too unpunctually, but for what it's worth, here goes:
Beginning
assets $50,000
liability 20,000
owner's equity 30,000
ending
assets $70,000
liability 30,000
owner's equity 40,000
Statement of owner's equity
Beginning 30,000
Net income ?
Drawings (45,000)
Ending 40,000
From the above, you can work out the net income to be 55,000.
Income Statements
revenues $230,000
expenses ?
Net income 55,000
From the above, you can work out expenses to be 175,000
I am have some tangible difficulties near this. Anyone Please.?
What is the unit breakeven point for a business selling calculators at $40 per section, a variable cost of $20, and total fixed costs of $2 million? The current sale level is 70000 unit per year.Answers: You are making $20 per calculator. You have to variety up $2 million in fixed costs. You will own to sell 100,000 to break even.
In decree to determine the break even point, first subtract the variable cost from the price to determine the profit per component.
$40 - $20 = $20.
Then divide the fixed cost by the profit to determine how many you entail to sell to break even
$2,000,000/$20 = 100,000 unit.
The fact that the current sale level is 70,000 unit per year is not relevant unless you are using it to determine when you can expect to break even, which is approximately 1 and 1/2 years if you continue to deal in at the same rate.
You have need of to set up an equation to solve.
Do you have a book that you can look at an example?
This is not that concrete. Don't let the language overwhelm you. Relax. I know you can do this.
Sales Price: $40 per calculator (how much you earn)
Cost of Goods: $20 per calculator (how much you pay)
Total fixed costs (regardless of how many calculators sold): $2,000,000
# of calculators sold: 70,000 calculators per year
(($40 x 70,000) - $2,000,000) - ($20 x 70,000)
Your unpredictable is the # of calculators sold to determine the break even point, when costs equal what you make rear legs.
Gold 1KG bar. I own 7 of these respectively 25 kg.?
Where and to whom can I sell at the best price ?Answers: Right presently gold is trading at 28,491.03 USD per Kg... 7kg of gold ingots is nearly 200,000 USD. With that amount of gold, you should know how to go through your dune.
DONT. That much gold and you will be set if gold ingots hits $2,000 per ounce.
DONT SELL IT, JUST TAKE IT TO A SAFETY DEPOSIT BOX AND WAIT IT OUT. YOU WILL BE GLAD YOU DID IT.