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navik [9.2K]
3 years ago
15

Superior has provided the following information for its recent year of operation:

Business
1 answer:
Anika [276]3 years ago
3 0

Answer:

Option (a) is correct.

Explanation:

Given that,

Beginning balance of Retained Earnings = $75,000

Net income = $26,000

Ending retained earnings = $91,000

Total Balance during the year:

= Beginning balance of Retained Earnings + Net income

= $75,000 + $26,000

= $101,000

Dividend declared:

= Total Balance during the year - Ending retained earnings

= $101,000 - $91,000

= $10,000

Therefore, the amount of dividend declared by the Superior during its recent year of operation is $10,000.

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Bogdan [553]

Answer:

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7 0
2 years ago
Studies indicate that the price elasticity of demand for beer is about 0.9. A government policy aimed at reducing beer consumpti
Aleonysh [2.5K]

Answer:

The government policy should have reduced beer consumption by 0.6 or 60%

Explanation:

Mid point formula calculates the ratio of mid point of change in demand and change in price to their average value. Then these changes are used in the calculations of elasticity of demand.

According to given data:

Elasticity of demand = 0.9

Midpoint of price  = (20-10) / [(20+10)/2] = 10 / 15 = 0.6667

Elasticity of Demand = Midpoint of demand / Midpoint of price

0.9 = Midpoint of demand / 0.6667

Midpoint of price = 0.9 x 0.6667 = 0.6

Change in demand is should reduce the consumption by 0.6 or 60%.

4 0
3 years ago
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Jus de Fruit Co. has set up for automated production of its new bottled Triple Berry Colada. Six samples were taken during the f
Sauron [17]

The X bar chart will allow the team to monitor the central tendency of the process although the process will not be in control.

<h3>What is the X bar chart?</h3>

This refers to a Shewhart control chart that are used to monitor the arithmetic means of successive samples of constant size.

Hence, the X bar chart will allow the OM team to monitor the central tendency of the process although the process will not be in control.

Therefore, the Option B is correct.

Read more about X bar chart

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4 0
2 years ago
As of june 30, 2019, great adventures finishes its first 12 months of operations. if suzie wants to prepare financial statements
wariber [46]
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3 years ago
Packaging Products, Inc., sends its standard purchase-order form to Quality Box Company to evidence a sale of packaging material
natima [27]

Answer:

Option D. Any of the above.

Explanation:

The reason is that the contract is not formed until the both parties don't agree on the terms and conditions of the contract which includes:

  • New terms and conditions because as we know the business environment is consistently changing like inflation changes, etc (Option A).
  • The acceptance is always required for the contract formation (Option B).
  • Additional clauses of the contract are new clauses and acceptance is required for these to form a contract (Option C).

So all of the options can alter the contract existence. So the right answer is option D.

4 0
3 years ago
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