Beginning of Year: $28,000 $16,000 End of Year: $64,000 $26,000

1) What is the equity at the beginning of the year?
Beginning Equity

2) What is the equity at the end of the year?
Ending Equity

3) If the owner contributes $8,000 and the owner withdraws $36,700, how much is net income (loss)?
Net Income (Loss)

4) If net income is $2,200 and owner withdrawals are $6,800, how much did the owner contribute (owner, capital)?
Owner, Capital
5) If the owner contributes $16,000 and net income is $16,900, how much did the owner withdraw (owner, withdrawals)?
Owner, Withdrawals
6) If the owner contributes $41,000 and the owner withdraws $4,300, how much is net income (loss)?
Net Income (Loss)

Jurvin enterprises is a manufacturing company that had no beginning inventories. a subset of the transactions that it recorded during a recent month is shown below. $76,700 in raw materials were purchased for cash. $71,400 in raw materials were used in production. of this amount, $66,300 was for direct materials and the remainder was for indirect materials. total labor wages of $151,700 were incurred and paid. of this amount, $134,300 was for direct labor and the remainder was for indirect labor. additional manufacturing overhead costs of $126,300 were incurred and paid. manufacturing overhead of $126,800 was applied to production using the company's predetermined overhead rate. all of the jobs in process at the end of the month were completed. all of the completed jobs were shipped to customers. any underapplied or overapplied overhead for the period was closed to cost of goods sold.required: 1. post the above transactions to t-accounts.2. determine the cost of goods sold for the period.

Each of the four independent situations below describes a sales-type lease in which annual lease payments of $12,500 are payable at the beginning of each year. each is a finance lease for the lessee. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) situation 1 2 3 4 lease term (years) 3 3 3 3 asset’s useful life (years) 3 4 4 6 lessor’s implicit rate (known by lessee) 14 % 14 % 14 % 14 % residual value: guaranteed by lessee 0 $ 5,000 $ 2,500 0 unguaranteed 0 0 $ 2,500 $ 5,000 purchase option: after (years) none 2 3 3 exercise price n/a $ 7,500 $ 1,500 $ 3,500 reasonably certain? n/a no no yes

Which of the following is not a consideration when determining your asset allocation