During its first year of operations, the owner of Lupo Company invested $15,000 in the business and withdrew $2,000. The company earned $35,000 of revenues and incurred $23,000 of expenses. At the end of the year, the company's equity totaled:

Answers

Answer 1
Answer:

Answer:

$25,000

Explanation:

Lupo Company's equity = owner's equity + retained earnings

  • owner's equity = $15,000 (initial investment) - $2,000 (withdrawal) = $13,000
  • retained earnings = net income = total revenue - total costs = $35,000 - $23,000 = $12,000

Lupo Company's equity = $13,000 + $12,000 = $25,000


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Entrepreneurs are visionaries who __________.
What information is contained in the signature line of a business letter? The name and title Only the name The name and address The name and phone number
Modern environmentalism works with businesses to promote sustainable development. Please select the best answer from the choices provideda. True b. False
1. What effect does a rise in the cost of machinery or raw materials have on the cost of a good?a) A rise in the cost of raw materials (but not machinery) raises the cost. b) The good becomes cheaper to produce.c) The good becomes more expensive to produce.d) It does not have any effect on the cost of the good.2. What does new technology generally do to production? a) It lowers cost and decreases supply.b) It lowers cost and increases supply.c) It increases cost and decreases supply.d) It has very little effect on production.Could you please help me with these questions?

If a nation exports more than it imports, it has a tradea. deficit.
b. surplus.
c. balance.
d. stability.

Answers

The best answer to the question above would be letter b. surplus. If a nation exports more than it imports, it has a trade surplus. A trade surplus is when the nation has too many goods and they have to export it. Importing would be a bad decision since more goods are added to the economy.

Final answer:

When a nation exports more than it imports, it has a 'trade surplus', indicating a positive balance of trade. This is part of the concept of balance of trade, which is an important aspect of a nation's economic health.

Explanation:

If a nation exports more than it imports, the country is considered to have a trade surplus. What this means is, the value of its exports is higher than that of its imports. Therefore, money is coming into the country more than it is departing, thus indicating a positive balance of trade. Conversely, if a country were to import more than it exports, that would mean it has a trade deficit.

A trade surplus and a trade deficit are part of the concept of balance of trade, which is a crucial aspect of a nation's economic health.

Learn more about Trade Surplus here:

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One of the keys to gaining self-esteem is to a. Hold yourself to impossible standards b. Focus on the mistakes you make C. Enjoy the small success you achieve d. Worry about failing and looking foolish​

Answers

Answer:

C. Enjoy the small success you achieve

Explanation:

A sure way of boosting self-esteem is to be nice to once self. One should focus on their positive side by appreciating who they are and their success so far. Comparing oneself with others may not achieve the desired results.

Success brings satisfaction and joy to all of us. Focusing on the little success that one has will uplift their spirits and boost self-esteem.

Answer:

c

Explanation:

taking the test rn

Americans usually recognize hard work, education, and efficiency as desired qualities. where one of these qualities is found, the other two also apply. this is an example of ________.

Answers

this is an example of A value cluster

Which of these is NOT an example of a fixed expense in a budget?A) car payment
B) mortgage payment
C) car insurance payment
D) expenses for a birthday party

Answers

D) expenses for a birthday party

hint the only one that would vary significantly from month to month.

explanation: Fixed expenses are those items in a budget which are consistent from month to month. In this list, only the expenses for a birthday do not fit this category.

so your answer will D expenses for a birthday party.


a multi-platform, object-oriented, and network-centric language that can be used as a platform in itself.

Answers

Answer:

Based on the given description, the programming language that fits the description is Java.

Java is a multi-platform language, which means it can run on different operating systems like Windows, macOS, and Linux. It is also object-oriented, meaning it allows for the creation and manipulation of objects, which are instances of classes. Java is known for its robustness and scalability, making it suitable for developing complex applications.

One of the key features of Java is its network-centric nature. It provides libraries and tools for network programming, making it easier to develop applications that communicate over networks. This makes Java well-suited for building distributed systems and web applications.

Java is also often referred to as a platform in itself because it includes a runtime environment called the Java Virtual Machine (JVM). The JVM allows Java programs to run on any system that has a compatible JVM installed, making it highly portable. This is one of the reasons why Java is widely used in various domains, including web development, mobile app development, and enterprise software development.

Overall, Java's multi-platform support, object-oriented nature, and network-centric features make it a versatile language for developing a wide range of applications.

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Which of these represents an equilibrium price for designer jeans? The arrow pointing to D2 The intersection of P1 and Q1 The line marked D1 The line marked S

Answers

The right answer for the question that is being asked and shown above is that: "The intersection of P1 and Q1." The part of the graph that represents an equilibrium price for designer jeans is that The intersection of P1 and Q1

Answer:

  • The intersection of P1 and Q1.

Explanation:

At the equilibrium price, the quantity that buyers want to acquire is equal to what the sellers want to sell.