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Home Q & A Board Science-Related Homework Help Mathematics
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RHCP12 RHCP12
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A year ago
An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, 204, and 87; units received from the supplier were 700. What is the amount remaining?
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Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
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WoodyNRexWoodyNRex
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9 months ago
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The balance sheet of Food Products, Inc. showed owners' equity of $200,000 in 2001 and $320,000 in 2002. Compute the percentage of increase in owners' equity(Round answer to one decimal place.)
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9 months ago
Quote from: John Kasongo (9 months ago)
The balance sheet of Food Products, Inc. showed owners' equity of $200,000 in 2001 and $320,000 in 2002. Compute the percentage of increase in owners' equity(Round answer to one decimal place.)

The owner's equity is also known as the net worth of a company's asset that is claimable by the owners. The shareholders are owners in case of company and proprietor is the owner in case of sole proprietorship.



The changes in equity are computed by subtracting the beginning balance from the closing balance of the owner's equity. Then, that value is divided by the beginning balance, multiplied by 100.

Therefore, the percentage of increase in Owner's equity is 11.11%
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