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3 years ago

How do you determine retained earnings at year end

Business

2 answers:

IrinaK [193]3 years ago

6 0

Quarterly and annually

Sonbull [250]3 years ago

4 0

Explanation:

The retained earnings are calculated by adding net income to (or subtracting net losses from) the previous term's retained earnings and then subtracting any net dividend(s) paid to the shareholders. The figure is calculated at the end of each accounting period (quarterly/annually.)

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A company purchases shipments of machine components and uses this acceptance sampling plan: Randomly select and test 26 componen

Inessa [10]

Answer: 0.7973

Explanation:

Binomial probability formula :-

$P(x)=^nC_x\ p^x(1-p)^{n-x}$ , where P(x) is the probability of getting success in x trials , p is the probability of success in one trial and n is the number of trials.

Given : The probability of getting a defect components : $0.06$

If randomly select and test 26 components , then the probability that this whole shipment will be accepted will be :-

$P(x$

Hence, the probability that this whole shipment will be accepted = 0.7973

7 0

3 years ago

MG Lighting had sales of 500 units at $100 per unit last year. The marketing manager projects a 15 percent decrease in unit volu

kakasveta [241]

Answer:

The answer is: Projected net sales for this year are $45,254

Explanation:

The current total sales for MG Lighting are $50,000 (= 500 units x $100 per unit).

Next year their products will have a $10 increase (10%), so the unit price will be $110.

Due to the price increase, the number of units sold will decrease by 15%, to a total of 425 units.

MG Lighting total sales will be $46,750. Approximately 3.2% of the total sales will be returned (equivalent to $1,496).

MG Lighting net sales for this year should be $45,254 (= 46,750 - $1,496)

6 0

3 years ago

Saturn Industries purchased and consumed 64,000 gallons of direct material that was used in the production of 17,000 finished un

Nikitich [7]

Answer:

The actual price = $1.08

Explanation:

The standard material price can be worked out as follows:

Step 1: Work out the standard price of material using the material usage variance

Standard price = Material usage variance/(standard quantity of material - actual quantity)

Standard quantity of material = standard qty per unit × actual production

= 4 × 17,000 =68,000

Standard price = 2,800/(68,000-64,000)= $0.7

Step 2 : Work out the Actual material price using the material price variance

Material price variance = (Standard price - Actual price )× Actual quantity of material

6,400 = (y - 0.7) × 17,000

6400 = 17,000y - 11,900

17,000 y = 6,400 + 11,900

y = 18,300/17,000= 1.08

The actual price = $1.08

5 0

2 years ago

What steps can Janet take to avoid falling prey to

julia-pushkina [17]

The steps that Janet can take to avoid falling prey to deceptive advertising are the following:

Do her research

Know what she wants

Trust her judgement

However, if Janet has already fallen prey to deceptive or false advertising, which is illegal, she can file a lawsuit against the company.

The lawsuit aims to recover damages from the company for misleading her into making a purchase or payment for goods or services whose advertising was deceptive.

It is generally unethical for a company to mouth a deceptive advertising.

Thus, Janet may not only trust online resources or purchase products from one retailer, she should carry out proper research based on what she wants before trusting her judgement.

Read more about deceptive advertising at brainly.com/question/24271514

3 0

2 years ago

Stewart Corporation manufactures solar powered calculators. The company can manufacture 1,100,000 calculators a year at a variab

NeX [460]

Answer:

If the special offer is accepted, the net operating income will decrease in $120,000

Explanation:

Giving the following information:

Total variable cost= $2,200,000

Fixed cost= $1,100,000

Based on management’s projections for next year, 950,000 calculators will be sold at the regular price of $15.00 each. A special order has been received for 230,000 calculators to be sold at a 60% discount off the regular price.

Because the company can't provide the 950,000 units and the 230,000 special offer, the offer will cannibalize sales from the 950,00 units.

Special offer sale price= 15*0.4= $6

Unitary variable cost= 2,200,000/1,100,000= $2 per unit

First, we will calculate the net income without the special offer:

Sales= 950,000*15= 14,250,000

Total variable cost= 950,000*2= (1,900,000)

Contribution margin= 12,350,000

Fixed costs= (1,100,000)

Net operating income= 11,250,000

With the special offer:

Sales= (230,000*6) + (870,000*15)= 14,430,000

Total variable cost= (2,200,000)

Contribution margin= 12,230,000

Fixed costs= (1,100,000)

Net operating income= $11,130,000

If the special offer is accepted, the net operating income will decrease in $120,000

7 0

2 years ago