Answer:
Pina Colada's net income for the year ending October 31, 2022 is $246,400.
Explanation:
Net income = Revenue recognized - Expenses incurred including depreciation
= $484,000 - $237,600
= $246,400
Therefore, Pina Colada's net income for the year ending October 31, 2022 is $246,400.
Quality is used to assesses the dimension of the products for reaching its fame among customers.
<u>Explanation:</u>
- The Product is said to be good only when it satisfies the best quality norms the quality is considered as the main dimension for purchasing the product.
- Quality is not considered as just a word but it contains many factors such as durability, reliability, aesthetics, conformance, price, serviceability, performance, and features of the particular product in all sorts of time with any sort of usage prescribed for it.
Answer:
$37,200
Explanation:
The amount of retained earnings is calculated by using the formula below;
Amount of retained earnings = Net income - Dividends paid
In year 1, the amount of retained earnings
= $20,200 - $12,100
= $8,100
In year 2, the amount of retained earnings
= $34,200 - $5,100
= $29,100
Therefore, the amount of retained earnings at the end of year 2
= Amount of retained earnings for year 1 + Amount of retained earnings for year 2
= $8,100 + $29,100
= $37,200
Answer:
Shortage: there is more demand than there is at the equilibrium price. There is also less supply than there is at the equilibrium price, thus there is more quantity demanded than quantity supplied.
Your pretty much short in supply and cant fulfill the demand
While surplus
When a price floor is set above the equilibrium price, quantity supplied will exceed quantity demanded, and excess supply or surpluses will result.
Theirs a a large amount of supply due to the pricing most likely beign high
Explanation:
