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SashulF [63]
3 years ago
6

A company has a beginning retained earnings balance of $100,000. It has net income for the current year of $50,000 and paid $10,

000 to the owner as an owner withdrawal. What is the ending balance of retained earnings for the company
Business
1 answer:
Brut [27]3 years ago
4 0

Answer:

The ending balance of retained earnings for the company $ 140.000

Explanation:

Retained Earnings increase the balance with the Net Income of each year that it's not withdrawalled by the owner or because are not paid dividends, to this case the owner only withdraw $10.000 of $50.000 generated during the year.

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Concierge Industries manufactures 40,000 components per year. The manufacturing cost of the components was determined as follows
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Answer:

b. $165,000 decrease

Explanation:

The total cost per year if Concierge Industries purchase the component outside is $510,000 (= $12.75 x 40,000 components per year)

But Concierge Industries can rent its unused manufacturing facilities for $45,000 if it purchases the component from the outside supplier  

So the income/ loss if Concierge purchases the component from the outside supplier  

=  saving of manufacturing cost $300,000 + rental of $45,000 - $510,000 cost paid to outside supplier  

= ($165,000)

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If the ____ cost for producing a particular good is lower for one producer than the other the former producer has ____ for produ
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Which of the following statements about “vesting periods” is TRUE?
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Answer:

if you quit your job is true

Explanation:

3 0
3 years ago
Read 2 more answers
g A foreign factory has offered to supply with ready-made baskets for a price of $12 per basket. Assume that fixed costs are una
cluponka [151]

Answer:

The answer is "$5500".

Explanation:

Analysis Differential:  

                                             Make                            Buy

Cost of variable                        800\times 7 \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ = 5600  

Fixed- cost                             16000\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 16000

Purchasing cost                                                    800\times 12\ = 9600

Cost of opportunity            \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \ 9500  

Total relevant cost                    31100 \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \  25600

Increasing operating income = 31100-25600 = 5500

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3 years ago
The Sarbanes-Oxley Act was passed in an effort to:_________
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Answer:

A)control corporate behavior

Explanation:

Sarbanes-Oxley Act which came up in 2002, can be regarded as Public Company Accounting Reform and Investor Protection Act, is a reform act for public companies and investor protector. Sarbanes-Oxley Act was popped up in U S in order to to get the auditing of public companies fixed. It should be noted that the Sarbanes-Oxley Act was passed in an effort to control corrupt corporate financial behavior.

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