# Accounting Math

Can anyone please show me the calculation for these problems: Burlin Company starts the year with \$100,000 in assets and \$80,000 in liabilities. Net Income for the year is \$25,000, and no dividends are paid. How much is owner’s equity at the end of the year?

Chapman Inc. doubles the amount of its assets from the beginning to the end of the year. Liabilities at the end of the year amount to \$40,000, and owner’s equity is \$20,000. What is the amount of Chapman’s assets at the beginning of the year?

During the year, the liabilities of Dixon Enterprise triple in amount. Assets at the beginning of the year amount to \$30,000, and owner’s equity is \$10,000. What is the amount of liabilities at the end of the year?

1. 👍
2. 👎
3. 👁
1. 100,000 + 25,000 - 80,000 = ?

2x - 40,000 = 20,000
Solve for x

1. 👍
2. 👎
2. Assets = Liabilities + Owner's Equity

\$100, 000 = 80, 000 + _____

100, 000= 80, 000 + 20, 000
100, 000= 100, 000

1. 👍
2. 👎
3. Chapman

At the end of the Year:
Assets = Liabilities + Owner's Equity
? = 40, 000 + 20, 000

Therefore assets at the beginning of the year was
30, 000

Since it was doubled at the end of the year, then 30, 000 multiply by 2 we get \$60, 000.

1. 👍
2. 👎

## Similar Questions

1. ### statistics

A survey for brand recognition is done and it is determined that 68% of consumers have heard of Dull Computer Company. If a survey of 800 randomly selected consumers is to be held would it be unusual for 554 of them to recognize

2. ### Ethics

M.K. Gallant is president of Kranbrack Corporation, a company whose stock is traded on a national exchange. In a meeting with investment analysts at the beginning of the year, Gallant had predicted that the company’s earnings

3. ### Managerial Accounting

M.K. Gallant is president of Kranbrack Corporation, a company whose stock is traded on a national exchange. In a meeting with investment analysts at the beginning of the year, Gallant had predicted that the company’s earnings

4. ### financial management

Last year Rattner Robotics had \$5 million in operating income (EBIT). The company had net depreciation expense of \$1 million and interest expense of \$1 million; its corporate tax rate was 40 percent. The company has \$14 million in

1. ### Finance

The Isberg Company just paid a dividend of \$0.75 per share, and that dividend is expected to grow at a constant rate of 5.50% per year in the future. The company's beta is 1.25, the market risk premium is 5.00%, and the risk-free

2. ### math

An automotive insurance company has 25,000 policyholders. The accident rate is 0.07. The number of accidents the company will have to pay out for is If the payout for each claim (after deductibles) is \$8,000, the company’s total

3. ### finance

Julie's X-Ray Company paid \$2.00 per share in common stock dividends last year. The company's policy is to allow its dividend to grow at 5 percent for 4 year and then the rate of growth changes to 3 percent per year from year 5

4. ### Maths

A construction company is owned by two partners X and Y and it is agreed that their profit will be divided in the ratio 4:5. at the end of the year. Y received #5,000 more than x. what is the total profit of the company for the

1. ### math

I'm doing a portfolio in math rn and i need help, fast please. Lesson 11: Solving Inequalities by Multiplying or Dividing. Grade: 7 Versatile Distributive Property Portfolio Directions: Your family is having a day without

2. ### Math calculus 2

The revenue, in millions of dollars, for a company in year t is given by the function: R(t)=15*e^(0.08*t), 0≤t≤15 and the cost, in millions of dollars, to run the company in year t is approximated by: C(t)=12*e^(−0.04*t),

3. ### statistik

can you show me the caculation :) Last year, 50% of MNM, Inc. employees were female. It is believed that there has been a reduction in the percentage of females in the company. This year, in a random sample of 400 employees, 180

4. ### math

A new computer software company earns a profit of \$245 000 in its first year. The company expects the profit to increase by 15% each year for each subsequent year. (a) What profit can the company expect to earn in its seventh