Answer:
The ending balance of retained earnings account is $43,400.
Explanation:
Simply put, retained earnings are an amount of net income left after payment of dividends to shareholders. This amount accumulates over time period as the company retains profit for its operations. Usually, it is arrived at using the formula below:
Retained earnings = Opening balance + Net income (or loss) - Cash dividends - Stock dividends
At the instance of the question, retained earnings = $34,000 + $27,400 ($105,200 - $77,800) - $18,000 = $43,400.
Answer:
Rehearsal
Explanation:
The process Randy used to encode the number into longer-term memory is called rehearsal
Explanation:
Five phases guide the new product development process for small businesses: idea generation, screening, concept development, product development and, finally, commercialization.
C. Marginal Cost
Marginal cost is the <em>additional </em>cost to produce each unit of a good.
