Determine the Ending Capital Balance of a Business Which Had

question 23

Short Answer

Determine the ending capital balance of a business which had a beginning capital balance of $1,950,additional investments of $500,withdrawals of $750,revenue of $3,800,and expenses of $2,600.
$ ________

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Definitions:

Income

The money received by an individual or business in exchange for labor, services, or investment, constituting the financial gain derived from various sources over a period of time.

Budget Line

A graphical representation of all possible combinations of two goods or services that a consumer can purchase at given prices within his or her budget constraint.

Commodity 1

A basic good used in commerce that is interchangeable with other goods of the same type.

M.B.A.s

Master of Business Administration; a graduate degree focusing on business administration and investment management.