The per capita growth rate of a population is best defined as:.

Bill Gates is widely recognized as one of the most influential figures in the technology industry and beyond. The video highlights three key reasons for his immense influence.

Firstly, Gates' financial contributions have significantly altered the landscape of world health. Through the Bill and Melinda Gates Foundation, he has donated billions of dollars towards research and development of vaccines, treatments, and healthcare systems. His contributions have helped to combat diseases such as malaria, tuberculosis, and HIV/AIDS, improving the quality of life for millions of people around the world.

Secondly, Gates' creation of a new segment of the computer market with Microsoft has had a profound impact on the technology industry. Micro-soft's software products such as Windows and Office have become ubiquitous in both personal and business computing. The company's success has made Gates one of the richest people in the world, and his vision for the future of technology has influenced generations of innovators and entrepreneurs.

Finally, Gates' approach to business has often been criticized for overlooking core values. However, his success in the technology industry has allowed him to leverage his wealth and influence for philanthropic causes. He has advocated for climate change action, education reform, and poverty reduction, demonstrating his commitment to social responsibility and global issues beyond the realm of technology.

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To solve a problem, a manager might establish and lead a temporary cross-functional team of people from different departments.

This group would be made up of individuals with different skills and expertise, who can bring unique perspectives and ideas to the table. By working together, this team can collaborate and identify the root cause of the problem, develop and implement solutions, and ensure that the issue is fully resolved. Once the problem is solved, the team would disband, and the members would return to their regular roles within their respective departments. The use of cross-functional teams can be an effective way to break down silos and foster a culture of collaboration and problem-solving within an organization.

To solve a problem, a manager might establish and lead a temporary cross-functional team of people from different departments. This group would disband once the problem was solved. The manager forms this team to bring together diverse expertise and perspectives, which can facilitate more effective problem-solving. Steps to create and manage such a team include: 1) Identify the issue, 2) Select team members from various departments with relevant skills, 3) Establish clear objectives and deadlines, 4) Encourage open communication and collaboration, 5) Monitor progress regularly, and 6) Disband the team once the objective is achieved.

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Tracking product costs is essential for any business to accurately determine profitability and make informed decisions.

The method used to track costs will depend on the type of manufacturing process and the level of detail required.
One approach is to track costs by individual job.

This involves assigning direct costs such as materials, labor, and overhead to each job or product.

This method is useful for companies that produce custom or unique products, where costs vary significantly from one job to another.
Another approach is to track costs by batch.

This involves assigning costs to a specific batch of products, which can be useful for companies that produce large quantities of similar products.
Production step tracking involves assigning costs to each stage of the production process.

This method is useful for companies that have a complex manufacturing process and want to identify where costs are being incurred.
Activity-based costing involves tracking costs by activity, such as mixing, filling, baking, packaging, sanitation, and warehousing.

This method is useful for companies that want to identify the costs of specific activities and improve efficiency.

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No. Nike did not pay cash to repurchase any of its common stock shares during the most recent reporting period.

Nike's cash disbursements for dividends and stock repurchases totaled $1.7 billion and $608 million, respectively, in 2021. As a result, buybacks contributed less to declining retained earnings. From a deficit of $56 million in fiscal 2020 to a loss of $380 million in fiscal 2021, other comprehensive income decreased.

One of the biggest manufacturers and distributors of clothing and footwear is Nike Inc. (NYSE: NKE). It's one of the most well-known consumer brands, with a market value of over a quarter trillion dollars. The business had $275 billion in market capitalization as of August 2021 and $46.19 billion in trailing 12-month revenue.

With a debt-to-equity ratio of 0.66, Nike's capital structure has a high equity capital compared to debt, though this number increased significantly in 2020 due to store closures. In the five years before to 2021, the company's enterprise value increased quickly, largely due to the rising value of its shares.

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Public goods are goods and services that are nonexcludable and nonrival, meaning that it is difficult or impossible to prevent people from using them and their use by one person does not diminish their availability to others. Public goods are often essential, such as clean air, national defense, and scientific research, and are not typically provided by the market because it is difficult to charge people for their use and prevent free-riders from benefiting without contributing.

Public goods are not necessarily nontaxable or nonessential, as they may be funded through taxes or other government revenue sources and may be essential for the well-being of society.

Public goods are goods and services that are characterized by being nonexcludable and nonrival. Nonexcludable means that individuals cannot be effectively excluded from using the good, while nonrival means that one person's use of the good does not diminish its availability to others. Public goods are not necessarily nonessential or nontaxable, as these terms are not defining characteristics of public goods.

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"Mercantilism" is the term used to express the concept of employing a colony or territory for the home country's economic gain.

The 16th to 18th centuries saw mercantilism as the preeminent economic doctrine in Europe. It promoted strong government regulation of trade and the development of riches through exporting rather than importing. The mercantilist economic system accommodates King George's intention to use Georgia as a source of natural resources for England.

King George II anticipated that Georgia's natural resources could offer England with important goods like silk, lumber, and naval supplies. But because of the colony's climate, soil conditions, and labour shortage, producing these resources was extremely difficult.

King George II did have a desire to use Georgia as a source of natural resources for England, but this was ultimately just one of several factors that led to the colony's founding. In the end, the colony's economy was more heavily dependent on agriculture, particularly the cultivation of rice and indigo, as a result of the numerous challenges it experienced in reaching this goal.

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The units-of-activity method of depreciation is based on the idea that the value of an asset decreases as it is used over time. In this method, depreciation is calculated based on the total number of units that the asset is expected to produce over its useful life. To calculate the depreciation expense for the first year using the units-of-activity method, we need to determine the cost per unit. This is calculated as follows:
Cost per unit = (Purchase price - Residual value) / Total number of units expected to be produced
Cost per unit = ($37,000 - $5,000) / 2,000,000
Cost per unit = $0.016

Next, we need to determine the number of units produced in the first year. We know that the machine is expected to produce 2,000,000 copies over its useful life of 4 years. Therefore, the number of units produced in the first year can be calculated as follows:
Number of units produced in first year = Total number of units expected to be produced / Useful life
Number of units produced in first year = 2,000,000 / 4
Number of units produced in first year = 500,000

However, we know that during the first year, 550,000 copies were actually made. Therefore, the depreciation expense for the first year can be calculated as follows:
Depreciation expense = Cost per unit x Actual number of units produced
Depreciation expense = $0.016 x 550,000
Depreciation expense = $8,800
Therefore, the answer is a. $8,800.

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The actual sales is $4,500

The amount that the buyer pays to buy the product is called the selling price. The actual selling price is the price the buyer pays to buy a product or service.

The cash register indicates total sales of $4,770 including sales tax.

The sales tax is 6%

To calculate the actual sales.

The total percent is 100%

So, Sales tax is 6%

Add the total percent and sales tax percent. we get:

100% + 6% = 106%

$4770 / 106% = $4,500

Hence, The actual sales is $4,500

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A sophisticated planning process called material requirement planning measures manufacturing production and connects it to actual client orders. The right response in this case is option B.

A thorough planning procedure called material requirement planning (MRP) keeps track of industrial output and compares it to actual customer orders. An inventory management method called MRP involves planning and monitoring the production-related commodities to make sure they are available when needed.

To determine the materials required for manufacturing, MRP considers the production schedule, the bill of materials, and inventory levels. By doing this, MRP assists in preventing material shortages or overstocking, which can result in production delays, higher costs, and decreased customer satisfaction.

Contrarily, inventory control entails keeping track of the amount of inventory on hand to make sure that it is enough to meet client demand without being overstocked. When inventory is supplied just in time to be used in the production process, it is referred to as just-in-time inventory. The process of capacity planning includes identifying the people, things, and materials required to meet production demands.

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Complete question:

A detailed planning process that tracks production output and matches this output to actual customer orders is

A) Inventory control

B) Material requirement planning

C) Just-in-time inventory

D) Capacity planning

Huiyan works in the nonprofit sector and loves her job, despite not making much money. When her grandfather passed away, she inherited his real estate empire. Therefore, she is now a real estate heiress.

However, we can assume that Huiyan is now someone who has a real estate empire that she inherited from her grandfather, while still working in the nonprofit sector. This could mean that she has a significant increase in wealth and financial stability due to the inheritance.
It is important to note that having a detailed answer would require more information about Huiyan's current role in managing the real estate empire, her personal financial situation, and her future plans.

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The own-price elasticity of demand measures the responsiveness of quantity demanded to a change in price. The value of the own-price elasticity of demand for Hostess Blueberry Muffins is -1.5.

In this case, we can use the formula for own-price elasticity of demand: (% change in quantity demanded) / (% change in price). Given that the price of hostess blueberry muffins falls by 8% and the quantity demanded rises by 12%, we can calculate the own-price elasticity of demand as follows: (12% / -8%) = -1.5. Therefore, the value of the own-price elasticity of demand for hostess blueberry muffins is -1.5, indicating that the product is relatively elastic, meaning that a small change in price will lead to a relatively larger change in the quantity demanded.
To find the own-price elasticity of demand, we can use the following formula:

Own-price elasticity of demand = (% change in quantity demanded) / (% change in price)

In this case, when the price of Hostess Blueberry Muffins falls by 8%, the quantity demanded rises by 12%. We can plug these values into the formula:

Own-price elasticity of demand = (12%) / (-8%)

Own-price elasticity of demand = -1.5

The value of the own-price elasticity of demand for Hostess Blueberry Muffins is -1.5. This negative value indicates that the quantity demanded and the price move in opposite directions, which is a common characteristic of most goods.

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The high-point is in March with [tex]3,300[/tex] appointments and a total cost of [tex]$2,770.[/tex] The low-point is in May with [tex]1,400[/tex] appointments and a total-cost of [tex]$1,800.[/tex]

[tex]Variable rate = (Total cost at high point - Total cost at low point) / (Appointments at high point - Appointments at low point)[/tex]

[tex]Variable rate = ($2,770 - $1,800) / (3,300 - 1,400) = $0.60 per appointment (rounded to the nearest cent).[/tex]

[tex]Fixed cost = Total cost - (Variable rate x Appointments)[/tex]

Using the low point, we have:

[tex]Fixed cost = $1,800 - ($0.60 x 1,400) = $930 (rounded to the nearest dollar).[/tex]

Cost formula:

The cost formula for tanning services is:

[tex]Total cost = Fixed cost + (Variable rate x Appointments)[/tex]

or

[tex]C = $930 + $0.60A[/tex], where C is the total cost and A is the number of appointments.

Total predicted cost for September:

Using the cost formula, we can predict the total cost for September with  [tex]2,400[/tex] appointments:

[tex]Total predicted cost = $930 + ($0.60 x 2,400)[/tex]

[tex]total predicted cost = $2,370 (rounded to the nearest dollar).[/tex]

[tex]Total fixed cost for September = $930.[/tex]

[tex]Total predicted variable cost for September = $1,440 ($0.60 x 2,400).[/tex]

When Luisa uses the high-low method to estimate the costs, she assumes that the variable rate per appointment is constant and that the fixed cost is independent of the number of appointments. However, this assumption may not always hold true, especially if the volume of appointments changes significantly or if there are other factors that affect the cost structure of the tanning salon. Therefore, the high-low method is a simple and quick way to estimate costs, but it should be used with caution and in conjunction with other cost estimation techniques.

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A situation analysis is also known as an environmental analysis.

It is a critical step in strategic planning that involves gathering and analyzing data about the internal and external factors that can impact an organization's success. The purpose of a situation analysis is to identify opportunities and threats, assess strengths and weaknesses, and determine the organization's current position in the market. A thorough environmental analysis can help organizations make informed decisions and develop effective growth strategies that align with their goals and objectives. Overall, a situation analysis plays a vital role in shaping an organization's action plan and ensuring its long-term success.

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In a legal case, if you hire an attorney and are found not guilty, you typically cannot get the money spent on the attorney back because legal fees are considered a cost of obtaining legal representation.

It is essential to have professional legal advice to navigate the complex legal system and to ensure the best possible outcome for your case. While it may seem unfair to lose money even when found not guilty, the attorney has still provided valuable services throughout the process, and their fees compensate for their time and expertise.

When it comes to hiring an attorney and paying for their services, it is important to understand that you are essentially paying for their time and expertise. This means that even if you are found not guilty, you may not be entitled to a refund of the money you spent on your attorney's services.

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An adequate system of internal controls is most likely to detect a fraud perpetrated by a group of employees in collusion. Option C

While a single employee can certainly commit fraud, it is more difficult to do so undetected if proper controls are in place. However, when multiple employees work together to commit fraud, they can cover each other's tracks and hide their actions more effectively.

Internal controls are put in place to prevent and detect fraud, as well as to ensure that company assets are safeguarded.

These controls can include separation of duties, regular audits, and monitoring of financial transactions. By implementing these controls, a company can identify irregularities or discrepancies that may indicate fraud is occurring.

If a group of employees are colluding to commit fraud, internal controls may still be effective in detecting their actions. For example, if there is a separation of duties between those who handle cash and those who record transactions, any discrepancies between the two can alert management to potential fraud.

Additionally, regular audits can identify patterns or abnormalities in financial transactions that may indicate fraud.

While it is possible for a group of managers to collude to commit fraud, they may be more knowledgeable about the company's internal controls and could potentially find ways to bypass them.

However, this does not mean that internal controls are ineffective in detecting fraud perpetrated by managers. It simply means that additional measures may need to be put in place to prevent and detect fraud at the management level.

In conclusion, an adequate system of internal controls can be effective in detecting fraud perpetrated by a group of employees in collusion. By implementing proper controls, companies can safeguard their assets and identify fraudulent activity before it causes significant damage. So Option C is correct.

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The least appropriate element for the conclusion of a lengthy process description explaining a new voice-recognition product would be introducing new information or features that were not discussed in the main body of the text.

When drafting the conclusion of a process description, the writer should focus on summarizing the key points discussed in the main body of the text, highlighting the benefits of the product and providing a clear call to action for the readers. Introducing new information or features that were not discussed in the main body of the text may confuse the readers and make the conclusion seem disconnected from the rest of the content. Therefore, it would be the least appropriate element to include in the conclusion of a lengthy process description explaining a new voice-recognition product.

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The three most important changes in the global business environment that would have a negative impact on Target's business are:

1. Increases in tariffs the United States charges on products imported from China (X)
2. The implementation of a new regional Asian trade pact, reducing trade barriers between eight Asian countries including China, but not the U.S. (X)
3. Increases in ocean freight shipping costs (X)


1. Increases in tariffs on products imported from China would increase the cost of goods for Target, which could result in higher prices for customers or decreased profit margins for the company.
2. A new regional Asian trade pact that excludes the U.S. would give other countries a competitive advantage over the U.S. in terms of trade, potentially making it more difficult for Target to source products at competitive prices.
3. Increased ocean freight shipping costs would raise the cost of importing products for Target, which again could lead to higher prices for customers or decreased profit margins for the company.

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The ability of a business organization to achieve its business goals is directly affected by whether its behavior is judged to be right or wrong by society.

Society plays a crucial role in shaping the behavior and actions of a business organization. The perception of society towards the company's practices, policies, and ethical standards can have a significant impact on its success or failure. If the society views the organization's behavior as unethical, it can lead to negative publicity, boycotts, and loss of customers, resulting in a decline in revenue and profits.

The success of a business organization depends not only on its ability to achieve its business goals but also on the perceptions and attitudes of its stakeholders towards its behavor and practices. Among these stakeholders, society plays a critical role in shaping the organization's behavior and its impact on the broader community.

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1) Rearden Metal had an average inventory days outstanding of approximately 64.71 days.

2) Rearden would need to decrease its inventory by approximately $2.4 million to match the industry average days of inventory of 75 days.

1) To calculate the average number of inventory days outstanding, we can use the following formula:

Average Inventory Days Outstanding = (Average Inventory / Cost of Goods Sold) x 365

Plugging in the values given:

Average Inventory Days Outstanding = ($15 million / $85 million) x 365

Average Inventory Days Outstanding = 64.71 days

Therefore, Rearden Metal had an average inventory days outstanding of approximately 64.71 days.

2) To calculate the amount that Rearden would have to decrease/increase its inventory in order to match the industry average of 75 days, we can use the following formula:

Change in Inventory = (Industry Average Days - Rearden's Inventory Days) x (Cost of Goods Sold / 365)

Plugging in the values given:

Change in Inventory = (75 days - 64.71 days) x ($85 million / 365)

Change in Inventory = 10.29 days x $232,877.05 per day

Change in Inventory = $2,395,833.33

Therefore, Rearden would need to decrease its inventory by approximately $2.4 million to match the industry average days of inventory of 75 days.

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True. According to the business judgment rule, a corporate director or officer will not be held liable for honest mistakes of judgment or bad business decisions made in good faith.

This is because they are presumed to be acting in the best interest of the corporation and its shareholders, and should not be punished for decisions that were made in good faith. However, if there is evidence of fraud or misconduct, they may be held liable.

A corporate director or officer will not be liable to the corporation or its shareholders for honest mistakes of judgment and bad business decisions made in good faith. This is because they are protected by the Business Judgment Rule, which presumes that directors and officers act in the best interest of the corporation and its shareholders, even if the outcome is not favorable.

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The false statement is C. Shanika is required to prorate the $2,500 over the whole year and will not have to include it in gross profit.

Gross profit is a financial metric that represents the difference between a company's revenue and the cost of goods sold (COGS). It is calculated by subtracting the COGS from the total revenue earned by a business. Gross profit does not take into account operating expenses such as rent, salaries, and taxes.

Gross profit is an important metric for evaluating a company's financial health, as it shows the amount of money the company makes from selling its products or services after accounting for the costs incurred in producing them. A higher gross profit indicates that a company is generating more revenue from its core business activities and has better control over its costs.

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Complete Question:

Jenny rents her private house inside the summer for $1,000. Shanika rents her personal house for 3 weeks in December for $2,500. Which of the subsequent statements is false?

a.If Jenny rents a part of her house for sixteen days, she is needed to consist of $1,000 in her gross profits.

b.If Jenny rents a part of her house for 10 days, she isn't required to encompass $1,000 in her gross earnings.

c.Shanika is required to prorate the $2,500 over the whole yr and could not should consist of it in gross profits.

d.For tax functions of determining inclusion in gross profits, it does not be counted what time of the yr a personal house is rented.

e.Shanika is needed to include $2,500 in her gross earnings.

The decision to invest in wind farms and "clean" electricity ultimately depends on weighing the opportunity costs against the potential benefits. It is important to consider both short-term and long-term effects, as well as the impact on the environment and the economy.

The opportunity costs of developing wind farms to generate "clean" electricity include the potential loss of profits or resources that could have been used for other purposes. For example, the funds used for building wind farms could have been used for other projects or investments. Additionally, the land used for wind farms could have been used for other purposes such as agriculture or housing.

However, the benefits of investing in wind farms and generating "clean" electricity are numerous. It can help reduce carbon emissions and promote environmental sustainability. Furthermore, it can also create job opportunities and promote economic growth in the renewable energy sector.

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A nation or state can take several measures to protect itself against trade, such as imposing tariffs, which are taxes on imported goods that make them more expensive than domestically produced goods, and quotas, which are limits on the quantity of goods that can be imported.

Additionally, a nation or state can use subsidies to support domestic industries, implement regulations to restrict or prohibit certain types of imports, or negotiate trade agreements that favor domestic industries. These measures are intended to protect domestic industries and jobs, and to promote economic growth and stability. However, they can also lead to retaliation by trading partners, which can result in a trade war and reduce overall economic welfare. Therefore, it is important for nations and states to carefully consider the potential costs and benefits of trade protectionism before implementing such measures.

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When treasury stock is sold for more than the company originally paid to purchase the shares, the difference increases stockholders' equity.

Treasury stock is the company's own stock that it has repurchased from shareholders, which reduces the number of outstanding shares. When the company sells treasury stock for more than its cost, it realizes a gain on the sale, which increases its equity. However, this transaction has no effect on net income because it does not involve revenue or expenses.

Treasury stock is the portion of a company's own stock that it has repurchased from shareholders and is held in the company's treasury. When a company buys back its own shares, it reduces the number of outstanding shares, which can increase the value of the remaining shares and potentially improve financial metrics such as earnings per share.

Treasury stock can be held indefinitely by the company, reissued to employees as part of stock-based compensation plans, or retired and permanently taken out of circulation. When a company sells its treasury stock back into the market, it realizes a gain or loss on the sale depending on the difference between the sale price and the original purchase price.

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To find out the number of employees in the company, we need to use the given information that every employee was sent a company communication on each of the 22 workdays in a particular month, and a total of 4840 company communications were sent.

Let's start by figuring out how many company communications were sent to each employee during the month. Since there are 22 workdays in the month and each employee received a communication on each of these days, the total number of communications received by each employee is 22. Therefore, if we divide the total number of communications sent (4840) by the number of communications received by each employee (22), we can get an estimate of the number of employees in the company.
4840 ÷ 22 = 220
This means that there are approximately 220 employees in the start-up venture, assuming that no staffing changes were made that month.
It's important to note that this is only an estimate, as there may be some employees who did not receive all 22 communications (e.g. if they were on vacation or out sick), or there may be some duplicate communications (e.g. if an employee received the same message multiple times). However, based on the information given, 220 is a reasonable approximation of the number of employees in the company.

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When evaluating a special order, management should only accept the order if the special-order price exceeds all product costs, which include both variable and fixed costs.

This ensures that the company is not selling the product at a loss and that the order will contribute to the company's overall profitability.

This is because, in such a situation, the company will cover all variable costs associated with the order and generate additional contribution margin. Fixed costs will not be affected by the special order, so they are not relevant to the decision. Accepting the order at a price above the total variable product costs ensures that the company is making a profit on the special order without negatively impacting its regular sales or operations.

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Using R for your project can result in higher-quality visualizations, increased reproducibility and collaboration, efficient data processing, and a more focused approach to problem-solving.

Here's a concise summary of the benefits of using R for your project, focusing on the relevant points you provided:

R is a powerful tool for data analysis, offering several advantages that can improve the efficiency and effectiveness of your project. One major benefit is R's ability to create high-quality data visualizations, allowing you to effectively communicate complex information and patterns to your team and stakeholders.

Another advantage of using R is its emphasis on reproducibility and sharing of analysis. By using R scripts, you can easily document your work, enabling others to review, reproduce, and build upon your analysis, ensuring accuracy and promoting collaboration.

Moreover, R is known for its ability to quickly process large amounts of data. Thanks to its extensive library of packages and built-in functions, R can handle complex datasets and perform a variety of statistical analyses with ease, saving valuable time and resources.

Lastly, although not directly a feature of R, the process of working with R encourages users to define their problems and ask the right questions. By using R for your project, you will be better equipped to clarify objectives, identify relevant data, and design effective analyses that address your project's needs.

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The statement that federal laws typically allow insurance companies and pension funds to purchase non-investment-grade bonds is not entirely true.

While there are some limited circumstances in which these entities may be allowed to invest in lower-rated bonds, such investments are generally considered risky and not permitted under most federal regulations. Instead, insurance companies and pension funds are typically required to invest in higher-quality, investment-grade bonds in order to minimize risk and ensure the safety of their clients' funds.

Federal laws generally permit insurance companies and pension funds to purchase non-investment-grade bonds, which are also known as high-yield or junk bonds. These bonds carry a higher risk than investment-grade bonds but can offer higher returns. Insurance companies and pension funds may invest in them as part of a diversified portfolio to potentially enhance overall returns while managing risk exposure. However, it's important to note that specific regulations and investment policies may vary among different insurance companies and pension funds.

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A necessary condition for the economy to be self-regulating is that wages must be flexible in both an upward and downward direction.

In a self-regulating economy, the forces of supply and demand work together to create a balance between prices and quantities of goods and services produced. This means that prices and wages should adjust naturally to changes in market conditions, without the need for external intervention.

If wages are flexible in both directions, it allows for a smoother adjustment process in the labor market. When there is an excess supply of labor, wages can fall to help clear the market and stimulate demand for workers. On the other hand, when there is a shortage of labor, wages can rise to encourage more people to enter the labor force.

In contrast, if wages are rigid and cannot adjust downward, it can lead to a surplus of labor and unemployment. This can create downward pressure on prices, which can lead to deflation and further economic instability. If wages cannot adjust upward, it can lead to a shortage of labor and inflation as businesses try to compete for workers by offering higher wages.

Therefore, the flexibility of wages is a necessary condition for the economy to self-regulate and adjust to changing market conditions.

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To prepare an owner's equity statement for Pharoah Bowling Alley as of December 31, 2020, we need to first list the items that increase owner's equity. These include:- Owner's capital: $119,300

Next, we need to calculate the total amount of decreases in owner's equity by listing the items that decrease owner's equity:- Accumulated depreciation-buildings: $42,300
- Accumulated depreciation-equipment: $18,300
Finally, we can calculate the total owner's equity by subtracting the total amount of decreases from the total amount of increases:
Owner's equity = Owner's capital - Total decreases
Owner's equity = $119,300 - ($42,300 + $18,300)
Owner's equity = $58,700
Therefore, the owner's equity statement for Pharoah Bowling Alley as of December 31, 2020 is:
Owner's Equity
Increase:
Owner's capital                $119,300
Total increase                  $119,300
Decrease:
Accumulated depreciation - buildings    $42,300
Accumulated depreciation - equipment  18,300
Total decrease                              $60,600
Total owner's equity: $119,300 - $60,600 = $58,700.

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