If the owner contributes $19,400 and net income is $15,900, how much did the owner withdraw (owner, withdrawals)

The owner withdrew $8,300

Explanation:

As per given Data

Assets Liabilities

Beginning of Year: $25,000 ___$17,000

End of Year: $62,000 ___$27,000

First, we need to the Beginning and Ending Equity value using following formula

Equity = Assets - Liabilities

Beginning Equity = Beginning Assets - Beginning Liabilities

placing values in the formula

Beginning Equity = $25,000 - $17,000 = $8,000

Ending Equity = Ending Assets - Ending Liabilities

placing values in the formula

Beginning Equity = $62,000 - $27,000 = $35,000

Now use the following formula to calculate the amount of drawing

Ending Equity = Beginning Equity + Contribution + Net Income - Owner withdrawal

Placing values in the formula

$35,000 = $8,000 + $19,400 + $15,900 - Owner withdrawal

$35,000 = $43,300 - Owner withdrawal

Owner withdrawal = $43,300 - $35,000

Owner withdrawal = $8,300

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi