Answer:
Swifty Corporation
Retained Earnings Statement for the year ended December 31, 2017:
Net Income $15,787
Retained Earnings, January 1, 2017 17,000
Less Dividends (5,500)
Retained Earnings, Dec. 31, 2017 $27,287
Explanation:
a) Data and Calculation:
Service Revenue $36,300
less expenses:
Salaries and Wages Expense $14,700
Insurance Expense 1,830
Rent Expense 3,810
Supplies Expense 1,410
Depreciation Expense 800
Total expenses $22,550
Net income is supposed to be $13,750 and not $15,787.
The Retained Earnings Statement is prepared with the given net income of $15,787. It shows the movement in earnings and distribution to stockholders.
Answer:
Beginning inventory 50,000
Add: Purchases <u>244,000</u>
294,000
Add: Freight-in <u>14,500</u>
308,500
Less: Purchases return <u>7,400</u>
301,100
Less: Ending inventory <u>20,000 </u>
Cost of goods sold <u>281,100</u>
Explanation:
Cost of goods sold is calculated beginning inventory plus purchases plus freight-in minus purchases return minus ending inventory.
Answer:
The answer is: Business Development Company (BDC)
Explanation:
Clients have two options for participating in the private equity market:
The problem with a VC, is that its aimed at very wealthy customers (usually millionaires) and this specific client is not one of those.
So the only possible choice is to invest in a BDC, which are listed investment companies and trade like any other stock.
In many large U.S. cities, taxicabs operate as near monopolies because of licenses.
A monopoly is a scenario in which there's a single vendor inside the marketplace. In conventional financial analysis, the monopoly case is taken because of the polar opposite of ideal opposition. by way of definition, the call for the curve facing the monopolist is the industry call for the curve which is downward sloping.
A franchised monopoly refers to an enterprise, or man or woman, that is sheltered from opposition by way of distinctive features of a distinct license or patent granted by means of the authorities because the government believes it to be a useful component of the financial system.
A monopoly is a firm that is the sole supplier of its product, and wherein there aren't any near substitutes. An unregulated monopoly has marketplace strength and might affect costs. Examples: Microsoft and windows, DeBeers and diamonds, your nearby natural gas employer.
Learn more about monopolies here brainly.com/question/13113415
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