Ask Question
BusinessBusiness
27 August, 04:54

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?

+5
Answers (1)
  1. 27 August, 05:22
    0
    Owner's equity = starting equity + revenues - expenses - withdrawals

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

    Owner's equity is $360,000.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Alicia Keyes Company began the year with owner's equity of $280,000. During the year, the company recorded revenues of $375,000, expenses ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Wimpy Inc. produces and sells a single product. The selling price of the product is $185.00 per unit and its variable cost is $55.50 per unit. The fixed expense is $404,670 per month.
Answers (1)
Miller technologies has average variable costs of $6 and average total costs of $10 when it produces 1,000 units of output. the firm's total fixed costs equal
Answers (1)
Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, these transactions occurred: Sept. 6 Purchased calculators from Crane Co.
Answers (1)
Haberdashery Company has a beginning Work-in-Process Inventory of 25,000 units (40% complete). During the period, 110,000 units were started and the ending Work-in-Process Inventory consisted of 20,000 units (80% complete).
Answers (1)
Mary jo spends $2,180 to buy stock in two companies. she pays $23 a share to one of the companies and $20 a share to the other.
Answers (1)
New Questions in Business
Suppose that due to a poor economy, 1 million workers lost their jobs, causing the unemployment rate to increase to 10%. After a few months of searching, 300,000 of these unemployed workers give up looking for work.
Answers (1)
Which of the following statements is true about skill-based pay? A. Skill-based pay provides a way to ensure that employees can use their new skills. B. Gathering market data about skill-based pay is easy. C.
Answers (1)
What does SMART stand for in terms of Business Aims and objectives
Answers (1)
Is it legal for south African firms to collude with one another to set prices, provide some evidence in support of your answer
Answers (1)
If berkeley shirtmakers ties compensation directly to output by paying an employee a certain amount for each unit of output produced, it is using
Answers (1)
Home » Business » 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.
Sign Up Forgot Password?