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Author Question: Owner's equity at the start of the period is 35,000; net income for the period is 30,000; the total ... (Read 92 times)

Shelles

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on: Jul 5, 2018
Owner's equity at the start of the period is 35,000; net income for the period is 30,000; the total investments by the owner is 15,000; and total withdrawals by the owner is 5,000 . The owner's equity at the end of the period is
 a. 80,000.
   b. 75,000.
   c. 85,000.
   d. 40,000.

Question 2

What is Olde Towne's debt service coverage?
 
  a. 0.8 times
  b. 1.6 times
  c. 2.0 times
  d. 2.7 times


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ciecieme

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

c


Shelles

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

komodo7

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Reply 3 on: Yesterday
Wow, this really help

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