Answer:
$17,300
Explanation:
The retained earnings represents the amount paid to the shareholders out of the net income. The net income/loss balance over the period of existence of the company gives the retained earnings balance.
As such, a net income increases the retained earnings, a net loss reduces it. Dividend declared and paid decreases the retained earnings account balance.
For retained earnings,
Opening balance + Net income - Dividend declared = Closing balance
$23,100 + $18,400 - Dividend declared = $24,200
Dividend declared = $23,100 + $18,400 - $24,200
= $17,300
Answer:
Answered on other one sorry i wasnt in time im just now seeing it
Explanation:
Answer:
Explanation:
Annnual Interest Income = 60 million * (1+3%) - 7million
= 1.8million
Annual Interest Expense = 70 million * (1+1%) - 70 million
= 0.6 million
Profit = 1.8 million - 0.6 million
= 0.2million
If all interest rates were to rise by 1 percent, that essentially means the spread between Treasury note interest and CD interest remains the same as both the interest rates are increasing by 1 percent equally. Therefore, there won't be any effect on the profit of the bank.
If interest rate rise 1 percent, bank's profit in the second year falls to = 60 million *(3%-2%)
= 0.6 million
Answer:
I believe your answer would be D, a deadly factory fire.
Hope this helped!
The three basic question of economic is
What to produce
How to produce
For whom to produce
Therefore the answer would be
1.How will the goods and service be produced
2.How will the goods and service be produced
3.Who will consume the goods and services