At the beginning of the year, sigma company's balance sheet reported total assets of $195,000 and total liabilities of $75,000. during the year, the company reported total revenues of $226,000 and expenses of $175,000. also, owner withdrawals during the year totaled $48,000. assuming no other changes to owner's capital, the balance in the owner's capital account at the end of the year would be:

The answer is: Equity at the end of the year will be $123,000

Explanation:

At the beginning of the year the balance sheet was as following:

assets $195,000                   liabilities $75,000

                                              equity $ 120,000

Then during the year the income statement is:

If the owners withdrew $48,000, then cash and equity will decrease.

The ending balance for the year:

assets $195,000 + $51,000          liabilities $75,000

           -$48,000 =                         equity $120,000 + $51,000 - $48,000 =

           $198,000                                       $123,000

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it

answer the law of increasing costs;