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kodGreya [7K]
2 years ago
15

Quentin's 2014 net income was $5,000. no dividends were declared or paid during 2014. what was quentin's retained earnings balan

ce on december 31, 2013?
Business
1 answer:
lions [1.4K]2 years ago
3 0

$39,000  was Quentin's retained earnings balance on December 31, 2013.

Retained Earnings in the Beginning (December 31, 2013) =

2014 Retained Earnings - Net income =44,000-5,000 =39,000(Answer)

current Ratio = Current Assets / Current Liabilites =90,000 /72,000= 1.25

Calculating the outstanding balance is very simple. Simply divide the company's current assets by its current liabilities. Current Ratios are assets that can be converted into cash within one year, and current liabilities are liabilities expected to be repaid within one year.

current Ratio relate to the company's financial obligations to be paid within one year. A higher liquidity ratio is clearly advantageous for business. A good cash ratio is between 1.2 and 2. This means that the company has liquid assets twice as much as its liabilities to cover its liabilities.

Learn more about the current Ratio here: brainly.com/question/2686492

#SPJ4

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Answer:

$2,848.94

Explanation:

first of all, we must determine the amount of money that we need to have in our account in order to be able to withdraw $25,000 in 10 years.

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that is now the future value of our annuity due:

FV = semiannual deposit x FV annuity due factor (3%, 5 periods)

$15,579.17 = semiannual deposit x 5.46841

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4 0
3 years ago
Iron Crafters Inc., a hardware manufacturing company, has employed experts to carefully analyze its operating unit, to identify
liq [111]

<u>Answer: </u>Approach followed by Iron Crafters Inc. to improve the security of the workplace is called safety engineering.

<u>Explanation:</u>

Safety engineering means a principle followed by the Iron crafters hardware manufacturing company to ensure that good level of safety of the workplace is maintained. It also means that even if the machinery fails there is no critical situation for life of the workers.

By following safety engineering Iron crafters can prevent accidents in the manufacturing company for the employees. The health hazards can be reduced or eliminated with these measures. Safe engineers check for potential hazards through recreation of situation.

5 0
3 years ago
Julio is the owner of Party Pros, Inc., a party supply company. The company provides tents, tables, chairs, and related products
wel

Answer:

Line organization model

Explanation:

Based on the information provided within the question it seems that Party Pros Inc. is using a Line organization model. This is an organizational structure in which power flows from the top to the bottom, meaning that the person at the top is the owner and the individuals in each level of the hierarchy answer to those in the upper levels, all of which are trying to accomplish the same organizational goals. Such as is being described in this situation.

8 0
3 years ago
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coldgirl [10]

Answer:

The correct answer is letter "B": Economies of agglomeration; corresponding diseconomies.

Explanation:

Economies of agglomeration refer to a type of economy in which companies are located one close to another to take advantage of their core competencies. This economic structure typically helps businesses to reduce relocation and delivery costs increasing their profits but in some other cases, the costs could increase if some of the firms lost their economies of scale.

Thus, <em>metropolises in the U.S. must find ways to boost the benefit of economies of agglomeration minimizing the negative effects of the diseconomies of scale in which some firms might fall.</em>

5 0
4 years ago
A technical analyst has been charting the price movements of ABC stock. The stock has been fluctuating in price between $63 and
bogdanovich [222]

Answer:

The trader should orders to buy ABC stock or take a long position to the stock.

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