An arby's franchise has a net income before taxes of $900,000. the company's treasurer estimates that 40% of the company's net income will go to federal and state taxes. how much will the arby's franchise have left?

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On january 1 of the current year, jimmy's sandwich company reported owner's capital totaling $128,000. during the current year, total revenues were $106,000 while total expenses were $95,500. also, during the current year jimmy withdrew $30,000 from the company. no other changes in equity occurred during the year. if, on december 31 of the current year, total assets are $206,000, the change in owner's capital during the year was:

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