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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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In a centralized organization, policies and procedures are usually _____.
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<span>Mandated by the authority figures in said organization. Even if the policies and procedures seem to be lacking in the wisdom department, the policies and procedures need to be followed to the best of ones abilities as laid out by said authority figures.</span>
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3 years ago
In her presentation on improving employee morale, Jillian makes this statement: So far, you've heard only about the problems we
devlian [24]

Answer: Switching Directions

Explanation:

Jillian made use of the Switching direction verbal signpost during her presentation.

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One of your customers is delinquent on his accounts payable balance. you’ve mutually agreed to a repayment schedule of $750 per
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In this problem, we need to find the length of an annuity. We already identified the interest rate, the PV, and the payments.
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4 0
3 years ago
Alejandro was reprimanded for an accounting error by his boss in front of his co-workers. Alejandro gets home from his job and y
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Answer:

displacement

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4 0
2 years ago
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Answer:

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The contributing margin of a business is sales revenue less the variable cost to produce the product

Contributing margin refers to the profit that is free to be used by the business to pay fixed costs and reserve as net profit.

In this scenario if the department is discounted the fixed expense will reduce by $40,000

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Net income= -50,000 + 40,000= -$10,000

4 0
3 years ago
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