Opening Owners equity = 75000
Add: investment = 25000
Add: Net profit = 45000 (100000 - 55000)
Total owner equity = 145000
Less: Closing equity = 130000
Drawings = 15000
Sales revenue = 100000 * 12 = 1200000less:fixed cost = 300000net income = 200000Variable expense = 700000 (balance figure)
100000 + 20% = 100000 + (20/100)(100000) = 100000 + (.2)(100000) = 100000 + 20000 = 120,000
100000 + 100000 = 200000
3% of 100000 = 3000 3% of 100000 = 3% * 100000 = 3%/100% * 100000 = 0.03 * 100000 = 3000
First you record the 100000 as an incoming capital then an entry of expense for the sum of 30000 for the equipment and then recording the equipment as an asset obtained with the value of 30000
20% of 100000= 20% * 100000= 0.2 * 100000= 20,000
100000
100000-63482=36517
100000 100000 100000
one fifth of 100000 = 1/5 x 100000= 100000 ÷ 5= 50000
127891 rounded to the nearest 100000 is 100000.
2% of 100,000= 2% * 100000= 0.02 * 100000= 2,000