what is the term used when a landlord requests the tenant leave the premises, but he or she does not, and a court officer forcibly removes the tenant and his possessions from the property?

Answers

Answer 1

When a landlord requests the tenant leave the premises, but he or she does not, and a court officer forcibly removes the tenant and his possessions from the property is called actual eviction.

The formal procedure of evicting a renter from a property is referred to as an actual eviction. In legal contexts, the term "eviction" refers to a real, physical eviction. When your landlord initiates legal action to evict a tenant from their flat, it's typically because they haven't made rent payments or have broken some other provision of the contract.

Regular reasons for actual eviction by a landlord include unpaid rent, unauthorized use of the property in violation of the lease's usage clauses, and noncompliance with health and safety regulations. Unless the agreement has a survival clause declaring that the tenant's duty for rent survives eviction, the renter is no longer accountable for paying rent after eviction.

Learn more about Eviction here:

https://brainly.com/question/14724100

#SPJ4


Related Questions

Research cultural business communication etiquette for a country outside of the USA, and list 5 tips for successful cultural communication and etiquette in a business setting. Include the name of your country, the 5 tips (bulleted statements) and the website URL of your research used.

Research cultural business communication etiquette for a country outside of the USA, and list 5 tips

Answers

Answer:

wow

Explanation:

2) Bluesy Tuesday invested $500,000 cash in available-for-sale marketable securities in early November. On December 31, the quoted market price for these securities is $552,000. Which of the following statements is correct? A) Bluesy's December income statement includes a $52,000 gain on investments. B) If Bluesy sells these investments on January 2 for $589,000, it will report a loss of $37,000. C) Bluesy's December 31 balance sheet reports marketable securities at $500,000 and an unrealized holding gain on investments of $52,000. D) Bluesy's December 31 balance sheet reports marketable securities at $552,000 and an unrealized holding gain on investments of $52,000. 3) On December 30, 2022, Blando Inc. sold available for sale marketable securities costing $800,000 for $850,000 cash. The securities were purchased on January 2, 2019 and the market value of the securities on December 31, 2020 and December 31, 2021 was $820,000 and $780,000, respectively. How much gain or loss will Blando report in its income statement for the year ending December 31, 2022? A) A $50,000 gain. B) A $20,000 loss. C) A $60,000 gain. D)A $80,000 gain

Answers

The net gain or loss to be reported on the income statement for the year ending December 31, 2022, is the realized gain of $50,000 minus the unrealized loss of $40,000, resulting in a net loss of $20,000.

The correct statement is:

D) Bluesy's December 31 balance sheet reports marketable securities at $552,000 and an unrealized holding gain on investments of $52,000.

This is because the quoted market price for the securities on December 31 is $552,000, which represents the fair value of the investment. Since Bluesy initially invested $500,000, there is an unrealized holding gain of $52,000 ($552,000 - $500,000) that is reported on the balance sheet.

The correct answer is:

B) A $20,000 loss.

To calculate the gain or loss on the sale of marketable securities, we compare the selling price ($850,000) to the cost of the securities ($800,000). In this case, the selling price is higher than the cost, resulting in a gain. The gain is calculated as the selling price minus the cost:

Gain = Selling Price - Cost

= $850,000 - $800,000

= $50,000

However, we also need to consider the market value of the securities at the end of each year. Since the market value decreased from $820,000 in 2020 to $780,000 in 2021, there is an unrealized loss of $40,000 ($780,000 - $820,000) for the year 2021. This unrealized loss is not realized until the securities are sold.

Therefore, the net gain or loss to be reported on the income statement for the year ending December 31, 2022, is the realized gain of $50,000 minus the unrealized loss of $40,000, resulting in a net loss of $20,000.

Learn more about balance sheet here:

https://brainly.com/question/28446946

#SPJ11

3. Businesses not associated with the government are referred to as what type of jobs?
a. Public Sector
b. For Profit Sector
C. Private Sector
d. None of the above

Answers

Answer:

Private Sector

Explanation:

I'm fairly confident this is it, but I'm not too sure. Sorry to disappoint

What is defined as a budget surplus? (1 point)
O Spending exceeds income.
OA spending necessity.
OA spending desire or luxury.
O Take-home pay exceeds spending.

Answers

Take-home pay or income exceeds spending is defined as a budget surplus.

When income surpasses expenditure, there is a budget surplus. Since people often have "savings" rather than a "budget surplus," which is a sign that a government's finances are being handled well, the word is frequently used to describe the financial situation of the government.

A budget excess might be put to use for a purchase, debt repayment, or retirement planning. If a community has a budget surplus, it could utilize that money to make renovations, such reviving a run-down park or downtown. There is a budget imbalance when expenses go beyond revenues. Similar to when someone spends more than they make and pays interest on a credit card debt, deficits require borrowing money and paying interest. When spending and revenue are equal, a budget is balanced.

Learn more about Income here:

https://brainly.com/question/1810376

#SPJ1

Total sales: $60,230 Rate of commission: 6% on first $40,000
7% on next $10,000;
8% on sales over $50,000
Income: ?

Answers

Answer:

1000000 wdnjdkdidhxh fdjjxifid

What can be done regarding bullying in the workplace?

Answers

In order to stop bullying one should communicate with team members and it still follows that there should be complaints in the HR department and make them informed of the situation.

What is bullying?

Bullying is referred to as aggressive behavior followed by an individual in order to hurt or harm another person. This can be in the form of verbal abuse, mental threat, or harassment mentally or physically.

In order to deal with Bullying at the workplace one should maintain patience and walk away from the place where bullying takes place. They should communicate why this action is taking place.

At last, if bullying is out of control and disturbing the working hours then there is an association or personnel department where an individual can file a complaint for the same.

Learn more about  bullying, here:

https://brainly.com/question/6225322

#SPJ1

which company has the ability to outsource its operations and have its good or service produced in another country?

Answers

Apple, IBM, and Cisco Systems are examples of companies that can outsource their operations and have their goods or services manufactured in another country.

What exactly does the term "outsource" mean?

Outsourcing is a strategic method by which an organization hires a third party to perform activities, manage operations, or provide services.

What is an example of outsourcing?

For example, if you delegated a task to a different department or division within your company, this is referred to as internal outsourcing. External outsourcing, on the other hand, refers to a task that is delegated entirely to a third party.

To know more about outsource visit:

https://brainly.com/question/28915776

#SPJ4

Which website citation is written correctly in MLA style?

“CareerOneStop.” 2013. Web, May 18, 2013. US Department of Labor and the State of Minnesota.
“US Department of Labor and the State of Minnesota, 2013.” CareerOneStop. 18 May.
CareerOneStop. US Department of Labor and the State of Minnesota, 2013. Web. 18 May 2013.
US Department of Labor and the State of Minnesota. “CareerOneStop.” Web, May 18, 2013.

Answers

Answer:

C. CareerOneStop. US Department of Labor and the State of Minnesota, 2013. Web. 18 May 2013.

Explanation:

Right On Edge, also just took the Quiz.

The website citation which is written correctly in MLA style is -

CareerOneStop. US Department of Labor and the State of Minnesota, 2013. Web. 18 May 2013.

What is a citation style?

A citation style is a set of rules for citing sources in academic writing. To avoid plagiarism, you must always include a citation anytime you quote, paraphrase, or summarise a source. Different universities, academic groups, and publishers establish different styles, which are frequently published in an official handbook with detailed instructions and examples.

There are numerous citation styles, but they all follow one of three basic principles: parenthetical citations, numbered citations, or note citations.

MLA style is the Modern Language Association's official style, as stated in the MLA Handbook. (9th edition). It is commonly utilised in a variety of humanistic subjects. It's author-page rather than author-date, unlike most parenthetical citation styles.

Therefore, the third option is correct.

To learn more on citation style, click here:

https://brainly.com/question/13947809

#SPJ7

Jaiden is in 6th grade and plans to attend college. He has created a college preparation plan.

1. He will fill out the FAFSA form and send it in immediately.

2. He will ask his parents if they have a college savings account.

3. When he gets to high school, he will start trying harder in school so he can qualify for academic scholarships.

4. During his last year of high school, he will get involved in sports and clubs he enjoys to qualify for scholarships.

5. Upon graduation, he will start saving money for college.


Which statements identify errors in Jaiden’s plan? Check all that apply.

Answers

Answer:

-He should wait until his last year in high school to fill out the FAFSA.

-He should start saving right away. It is never too early to start a savings account.

-He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break.

-He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them.

Explanation:

Which of the following are laws which protect workers?

Answers

Answer:

The Equal Employment Opportunity Commission (EEOC) enforces federal laws prohibiting employment discrimination. These laws protect employees and job applicants against: Discrimination, harassment, and unfair treatment in the workplace by anyone because of: Race.

Explanation:

assume the beta for the stock market in general is 1.0 and the beta for world-wide television productions is 2.4. if the stock market increases in value by 10 percent, what is the expected increase in value for the world-wide productions stock? group of answer choices 14 percent 48 percent 24 percent 20 percent 12 percent

Answers

24 percent, Assume that World-Wide Television Productions' beta is 2.4 and that the beta for the stock market as a whole is 1.0. The predicted rise in value for the World-Wide Productions shares is 24% if the stock market appreciates by 10%.

Consider the stock market as a network of stock exchanges where investors and traders may buy and sell shares of publicly listed corporations. This is a simple way to think about the stock market. A procedure known as an initial public offering allows private firms to list shares of their stock on a market (IPO). The investment includes real-time trading of the stocks of the firms, making it also referred to as a "stock market." Primary and secondary stock markets are two different categories. Please be aware that it only deals in shares, whereas the stock market deals in bonds, derivatives, and foreign exchange, and that both markets operate in different ways.

Learn more about stock market here:

https://brainly.com/question/13400473

#SPJ4

what is the note/document from the guardians/parents that the child can work

Answers

Not all students need approval from a parent or guardian to apply for a work permit and no signature is required if the minor provides

Question 7 of 20
A marketing plan includes a number of factors, including the marketing mix.
What is the marketing mix?
A. Using names and symbols to identify the company's products
OB. A plan for spending money
OC. How the company intends for customers to view its product
relative to the competition
OD. The variables of product, price, place, and promotion
SUBMIT

Answers

Answer:

answer is d

Explanation:

yes

your company is planning to construct a nuclear power plant in oregon . why is stakeholder analysis important as precondition of the decision whether or not to follow through with such a plan ? Conduct a stakeholder anallysis for aplanned upgrade to successful software product. Who are the key stakesholders? futher, how could they infulence your project.. it for project management class college

Answers

I believe it is a significant endeavor that will affect a lot of people. Therefore, completing a stakeholder analysis is a technique to determine exactly what is at risk and who is affected.

The process of evaluating a system and proposed modifications to it in relation to pertinent and interested parties is known as a stakeholder analysis (stakeholders). This data is used to determine how a project plan, policy, program, or other activity should take account of those stakeholders' interests. Stakeholder management includes stakeholder analysis as a crucial component. An issue's stakeholder analysis entails assessing and balancing all of the competing demands made on a firm by each party with a claim on it in order to determine the firm's responsibility in a given situation. The consideration of all affected parties is guaranteed by a stakeholder analysis, which does not exclude the interests of some stakeholders from superseding those of other affected stakeholders.

To learn more about stakeholder analysis click here

brainly.com/question/30241824

#SPJ4

Wage growth for all workers must be fair, which, in most cases, means higher wages for which of the following groups? Select one:a. low-income workers b. middle-income workersc. low- and middle-income workersd. all workers

Answers

Wage growth for all workers must be fair, which, in most cases, means higher wages for low-income workers.A wage is a monetary compensation given by an employer to an employee in exchange for their labor or work.

It is the cost of labor to an employer, and it is typically measured on a periodic basis such as weekly, monthly, or annually.According to the question, wage growth for all workers must be fair, which usually means higher wages for low-income workers. Low-income workers are people who make less than the median income for their country. So, the option a is correct . low-income workers are the ones who need a higher wage to ensure a fair wage growth for all workers.

To know more about income: https://brainly.com/question/30157678

#SPJ11

Question 17 of 20
Trey's bank raises the interest rate on his line of credit without providing an
explanation. Which consumer protection law has his bank violated?

Answers

Trey's bank raises the interest rate on his line of credit without providing an

explanation. The consumer protection law that his bank violated is: "The Truth in Lending Act of 1968".

What are consumer protection laws?

The Truth in Lending Act of 1968 is a federal law in the United States aiming to encourage the informed use of consumer credit by requiring disclosures about its terms and prices to standardize the method in which borrowing expenses are computed and communicated.

Consumer protection laws protect consumers from faulty products and deceptive or fraudulent company activities.

It is to be noted that in the United States, a range of federal and state laws govern consumer affairs. The Federal Food, Drug, and Cosmetic Act, the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, the Truth in Lending Act, the Fair Credit Billing Act, and the Gramm-Leach-Bliley Act are a few examples.

Learn more about Consumer Protection Laws in US:
https://brainly.com/question/27422904
#SPJ1

Answer:

Credit Card Accountability, Responsability, and Disclosure Act

Explanation:

21. pls help will give brainliest

21. pls help will give brainliest

Answers

Revenues less costs, taxes, and interest equal net income (NI).NI is used to compute earnings per share. Because costs can be concealed via accounting techniques or revenues can be artificially overstated, investors should carefully examine the data used to calculate NI.

How do you calculate net income in accounting?The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in company is what remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid. You can figure out your net income if you know your total income and total outgoings: Complete revenue minus total expenses equals net income. Most business owners must produce an income statement, one of the three primary financial statements, in order to determine their net income. The change in assets less the change in liabilities must equal net income, according to logic, as assets must equal liabilities plus equity. Since it is the final indicator of a company's performance, net income is frequently used interchangeably with profit. You must take the recorded retained earnings from the prior financial period, known as beginning retained earnings, and add dividends back in to calculate net income using retained earnings.

The Net Income =

Total revenue – total expenses.

Total expenses

= $448000+$96000+$71000

                   =$615000

The

net  income

=  $721000-$615000

                          =$106000

To learn more about net income, refer to:

https://brainly.com/question/28390284

#SPJ13

When the government's budget deficit increases the government is borrowing less and public savings increases.

Answers

The given statement is false.

Government budget deficit occurs when government spending exceeds its income.  When government deficit increases, debt increases. This is because a deficit would need to be funded by additional borrowing. Thus, borrowing increases.

Public saving is national income less consumption and government spending. When deficit increases, government spending increases and public savings decline.

A similar question was answered here: https://brainly.com/question/10876388

You purchased a 6% annual coupon bond at face value and sold it one year later for $1,015.16. What was your rate of return on this investment if the face value at maturity was $1,000?
A) 6.15%
B) 6.07%
C) 7.52%
D) 4.48%

Answers

The rate of return on this investment, if the face value at maturity was $1,000, is B) 6.07%

To calculate the rate of return on this investment, we need to use the formula:

Rate of Return = (Ending Value - Beginning Value + Income) / Beginning Value

In this case, the beginning value is the face value of the bond, which is $1,000. The ending value is the selling price of $1,015.16. The income is the annual coupon payment of 6% of the face value, which is $60 ($1,000 x 6%). The time period is one year. Using the formula, we get:

Rate of Return = ($1,015.16 - $1,000 + $60) / $1,000

Rate of Return = $75.16 / $1,000

Rate of Return = 0.07516 or 7.516%

However, this is the nominal rate of return. To get the real rate of return, we need to adjust for inflation. If there was no inflation during the year, then the nominal and real rates of return would be the same. Assuming no inflation, we have a rate of return of 7.516%.

However, the question asks for the annual coupon rate, not the rate of return. The annual coupon rate is 6%. To get the rate of return, we need to use the formula:

Rate of Return = (Annual Coupon Payment + [(Ending Value - Beginning Value) / Time Period]) / Beginning Value

Plugging in the values, we get:

Rate of Return = ($60 + [($1,015.16 - $1,000) / 1]) / $1,000

Rate of Return = $75.16 / $1,000

Rate of Return = 0.07516 or 7.516%

The annual coupon rate is not the same as the rate of return. Therefore, the correct answer is:

B) 6.07%

The rate of return on the investment is 6.07%.

To know more about investment, visit:

https://brainly.com/question/20813161

#SPJ11

Question 10 of 20
What is the difference between a market economy and a command
economy?
A. A market economy is determined by central authority and a
command economy is determined by consumers,
B. A market economy is determined by consumers while a command
economy is determined by both consumers and central authority
C. A market economy is determined by both central authority and
consumers while a command economy is determined by only
consumers
D. A market economy is determined by consumers and a command
economy is determined by central authority,

Answers

The answer would be D

Explain five reasons the government offers training to business people ​

Answers

Answer:

a. In order to exceed industrial standards.

b. To reduce dropout/attrition rates.

c. To improve operational efficiency.

d. In order to support succession planning.

e. To increase the value of employee

Explanation:

a. In order to exceed industrial standards - Industrial training of employees is the best practice which develops and builds one's reputation by giving a competition field to your competitors thus making them run for their money.

b. To decrease or reduce attrition rates - Investing in the development of your employees can reduce attrition rates. A training which is well-planned can provide career paths for employees who achieve retention within the organization rather than seeing them seek high-level opportunities somewhere else other than the company they are in.

c. To improve operational efficiency - When you train your employees, you can increase their efficiency and productivity in completing their daily work tasks. Training can also help your organization achieve greater consistency in process commitment, facilitating the implementation of project outcomes and the achievement of organizational goals and objectives.

d. In order to support succession planning - When you provide ongoing employee training and development, you support succession planning by increasing the availability of experienced employees and the ability to take on senior positions as they become available.

e. To increase the value of employee - When there is effective training, it helps to multi-skill or skill  your employees. Up-skill involves expanding the employee's knowledge of an existing skill, providing more expertise in the subject area. Versatility is the process of training employees in new or related areas of work to increase their employ-ability within the organization.

explain the relationship between occupation and education with example

Answers

Answer:

People who do not qualify for a particular job are given education through training in order to gain the needed knowledge for that particular job. As students, we go to school in order to be educated for future jobs. Good education on a job gives a better understanding and this brings out an excellent delivery of work.

Explanation:

More consistent and extended education leads to more job opportunities, increased income, and the ability to change one's economic status. Education has not only a connection to sanitation and hygiene elements in informal settlements but also to general career development.

Describe the goal of a good financial manager according to you?

Answers

Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. Financial managers work in many places, including banks and insurance companies.

Financial managers increasingly assist executives in making decisions that affect the organization, a task for which they need analytical ability and excellent communication skills.

Financial managers’ main responsibility used to be monitoring a company’s finances, but they now do more data analysis and advise senior managers on ideas to maximize profits. They often work on teams, acting as business advisors to top executives.
Prepare financial statements, business activity reports, and forecasts
Monitor financial details to ensure that legal requirements are met
Supervise employees who do financial reporting and budgeting
Review company financial reports and seek ways to reduce costs
Analyze market trends to find opportunities for expansion or for acquiring other companies
Help management make financial decisions

at the equilibrium quantity, marginal benefit is equal to marginal cost. consuming more means that some mutually beneficial exchanges do not take place, and producing more means that some goods go unsold.

Answers

At the equilibrium quantity, marginal benefit is equal to marginal cost. consuming less means that some mutually beneficial exchanges do not take place, and producing more means that some goods go unsold.

What happens at equilibrium?

At the equilibrium quantity, we find that the marginal benefit we get from each additional unit consumed, will be equal to the marginal cost we incur for consuming that additional unit.

This means that if we consumed less than that quantity, we would be consuming less marginal benefits which means that some mutually beneficial exchanges will not come to take place.

If we produced more at that point however, it would be more than the marginal cost of some people and so the goods will go unsold.

Full question is:

At the equilibrium quantity, marginal benefit _________ marginal cost. consuming _________ means that some mutually beneficial exchanges do not take place, and producing ______ means that some goods go unsold.

Find out more on marginal benefits at https://brainly.com/question/2508491

#SPJ1

Measures that the government has put in place to protect consumers from unscrupulous business practices

Answers

Governments often implement various measures to protect consumers from unscrupulous business practices. Some of these measures include:

Consumer Protection Laws: Governments establish laws and regulations specifically designed to protect consumers from unfair, deceptive, or fraudulent practices. These laws may cover areas such as product safety, advertising standards, pricing transparency, and contractual agreements Product Safety Regulations: Governments set safety standards and regulations to ensure that products being sold in the market are safe for consumers. This includes regulations on product labeling, warning labels, product testing, and recall procedures.

Consumer Education and Awareness: Governments promote consumer education programs to empower individuals with knowledge about their rights and responsibilities. These programs provide information on consumer rights, how to make informed purchasing decisions, and how to handle complaints or disputes. Regulatory Agencies: Governments establish dedicated agencies or departments to oversee and enforce consumer protection laws. These agencies investigate consumer complaints, monitor business practices, and take legal actions against companies engaged in deceptive or fraudulent activities.

Consumer Complaint Handling Mechanisms: Governments establish mechanisms for consumers to report complaints against businesses. This includes setting up helplines, online platforms, or consumer affairs departments where consumers can seek assistance, lodge complaints, and receive guidance on dispute resolution.

To know more about unscrupulous visit
https://brainly.com/question/29727579
#SPJ11

According to the text, the most logical budget-setting method in advertising is the ________ method.

Answers

The logical budget setting method is advertising, the company set advertising budget cost is required to achieve tasks.

What is Objective and Task?

The objective and budgeting work simultaneously, budget is established when specific objective is in mind.

The company sets advertising budget for promotion of products, budget requires certain amount of money needed to achieve objective and task.

Businesses use objective and task method by examining cost of each goals. The objective and task method is difficult to assess accurately advertising costs needed to achieve the task.

#SPJ12

Learn more about Advertising https://brainly.com/question/27908955

When Ruko, a device used to stream movies at home, increases prices by 42 percent, total revenue decreases by 55 percent. True or False?

Answers

The given statement "When Ruko, a device used to stream movies at home" is False because While increased prices tend to lead to decreased revenue, the relationship between price and revenue is much more complex.

Other factors such as competition, customer perception, and market saturation will likely have an effect on total revenue that could dwarf the influence of the price change. Additionally, pricing is just one facet of a successful revenue strategy.

Companies create strategic packages, discounts, and offers to ensure revenue growth and customer loyalty. Therefore, the influence of an increase in price on total revenue is likely not so cut and dry.

To know more about revenue , click here:

https://brainly.com/question/29567732

#SPJ4

what would you expect to find in the condition field for a comparable property in the sales comparison grid of the urar?

Answers

The subject property being evaluated is compared to comparable properties that sold during a suitable time leading up to or just using the sales comparison grid (model).

Why would an appraiser use sales information on similar properties?

The market value of a property is calculated using sales information from comparable properties in real estate valuation. When calculating the current value of a property, the appraiser should include at least three recently sold and comparable properties.

Which change in the grid of sales comparisons should be made first?

A "sales comparison grid" is a common feature of appraisal reports. Usually, this grid is set up such that the modifications are made in the proper sequence. Adjustments related to transactions are made initially. Transactional adjustments are caused by variations in ownership, financing circumstances, and sale terms.

To know more about comparable property visit:-

https://brainly.com/question/13682789

#SPJ4

Compared to 1980, service exports in 2017 can best be described as a. decreasing due to more international corporations. b. struggling to flourish based on government restrictions. c. lower than they were in 1980. d. more than thirteen times larger.

Answers

Compared to 1980, service exports in 2017 can best be described as d. more than thirteen times larger. In 1980, service exports were worth $128 billion, while in 2017, they had grown to $1.7 trillion. This growth can be attributed to several factors, including advances in technology and transportation, the growth of the global economy, and increased international cooperation.

One of the key drivers of this growth has been the rise of international corporations, which have expanded their operations and services across borders. These corporations have been able to leverage their scale and expertise to offer a wide range of services to customers around the world, from financial services to consulting and logistics.
Another important factor has been the easing of government restrictions on trade in services. Many countries have liberalized their trade policies, allowing for greater cross-border flows of services. This has enabled companies to tap into new markets and offer their services to a broader range of customers.
Overall, the growth of service exports has been a positive trend, contributing to greater economic growth and prosperity around the world. However, there are also challenges associated with this growth, including the need to ensure that workers are protected and that the benefits of trade are shared more equitably. As such, policymakers will need to continue to monitor and manage the growth of service exports to ensure that it benefits everyone in the global economy.

for more such questions on  transportation

https://brainly.com/question/30086350

#SPJ11

mofro's computer repair shop started the year with total assets of $300,000 and total liabilities of $200,000. during the year, the business recorded $500,000 in computer repair revenues, $300,000 in expenses, and mofro withdrew $50,000. mofro's owner's capital balance at the end of the year was question 21 options: a) $200,000. b) $250,000. c) $100,000. d) $300,000.

Answers

The mofro's owner's capital balance at the end of the year is approximately $250,000. Option B is correct.

To calculate the owner's capital balance at the end of the year, we need to consider the change in the owner's equity. The owner's equity is the residual interest in the assets of the business after deducting liabilities.

Given; Total assets at the beginning of the year = $300,000

Total liabilities at the beginning of the year = $200,000

Computer repair revenues = $500,000

Expenses = $300,000

Owner's withdrawals = $50,000

We can calculate the owner's equity at the beginning of the year;

Owner's Equity at the beginning of the year = Total assets - Total liabilities

Owner's Equity at the beginning of the year = $300,000 - $200,000

Owner's Equity at the beginning of the year = $100,000

Next, we calculate the net income for the year

Net Income = Revenues - Expenses

Net Income = $500,000 - $300,000

Net Income = $200,000

To determine the owner's capital balance at the end of the year, we need to consider the net income and the owner's withdrawals;

Owner's Capital Balance at the end of the year = Owner's Equity at the beginning of the year + Net Income - Owner's Withdrawals

Owner's Capital Balance at the end of the year = $100,000 + $200,000 - $50,000

Owner's Capital Balance at the end of the year = $250,000

Hence, B. is the correct option.

To know more about capital balance here

https://brainly.com/question/28548373

#SPJ4

Other Questions
What has happened so far in The Rime of theancient Mariner? Match each with the appropriate letter(Volleyball)_____ 1. When the ball hits the ground_____ 2. Ball that is hit on both arms at the same time below the waist_____ 3. Outside the official court_____ 4. Contacting the ball above the head with both hands_____ 5. Name of the people that watch the lines during the gameA. Forearm BumpB. Out of BoundsC. Dead ballD. LinesmanE. Set 84 is 99 fewer than a number c . Adam kisses the sleeve of Eves blouse, an act to which she did not consent. Has Adam committed a tort and if so, which one? Explain why this is or is not a tort. What is considered a good price judgment? O 80 to 84 85 to 89 90 to 94 95 to 99 The Auditor General stated that "Nobody's reporting, nobody's accounting, and nobody really knows for sure what has happened to this money." Critically discuss the most obvious key financial risk faced by these municipalities. Elaborate on the four (4) risk response strategies available to entities and evaluate which one is the most appropriate. Suggest nechanisms through which your response may be implemented. true or false: a decrease in income will shift the budget line to the left. 100 points and brainly pls hurry Automobiles of the future will most likely be manufactured largely with carbon fibers made from recycled plastics, wood pulp, and cellulose. Replacing half the ferrous metals in current automobiles could reduce a vehicle's weight by 50% and fuel consumption by 30%. One impediment to using carbon fibers in cars is cost. If the justification for the extra sticker price of carbon-fiber cars is solely based on fuel savings, how much extra sticker price can be justified over a six-year life span if the carbon-fiber car would average 44.2 miles per gallon of gasoline compared to a conventional car averaging 34 miles per gallon? Assume that gasoline costs $3.00 per gallon, the interest rate is 23% per year, and 117,000 miles are driven uniformly over six years Mrs. Pollo was making pizza. She used 3/8 of a cup of olives to make 1 pizza. At this rate, what amount of olives would she use on 1/2 of a pizza? A toy company's total payment for salaries for the first two months of 2012 is $40,765. Write and solve an equation to find the salaries for the second month if the first months salaries are $10,205. The two principles Glasser emphasizes that people should adopt as key components of a healthy way of life include:a. Influence the behavior of those people closest to you and imagine your Quality World in your mind daily.b. Influence the behavior of those keeping you from achieving your Quality World and sacrifice whatever it takes to achieve that world.c. The only behavior you can control is your own and you can only satisfy your needs by satisfying what you see as the key pictures of your Quality Word.d. The only behavior you can control is your own and you can only satisfy your needs by pursuing what you want for your Quality World even if at the expense of others. PLEASE ANSWER ASAP !!!!! WILL GIVE BRAINLIEST Use the form |x-b |< c or |x-b | > c to write an absolute value inequality that has the solution set 5 < x < 7. What do Janina and Misha hear when they return from smuggling?HELP ME PLZ!! Are endorsements an effective way for politicians to obtain votes? why or why not. Please use evidence and analysis Please write 5 to 7 sentences. PLEASE HELP!!!!What is intelligence?the emotional abilities of an individual to learn from experience, and to cope effectively with the demands of daily livingthe ability to score well on standardized tests,the cognitive abilities of an individual to learn from experience to reason well, and to cope effectively with the demands of daily living,how quickly an individual can reduce or eliminate stress Ms. Jackson wants to rent a van for a week. It will cost the weekly fee plus $ 0. 50 per mile driven. Let m = the number of miles Ms. Jackson drives during the week. Use this information and the table to answer 13-15 a comet that has an orbit around the sun inclined to the ecliptic plane by 65 probably originated in the kuiper belt. true false Why Is 3 times 1/10 less than 3 times 10?k