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Dmitriy789 [7]
3 years ago
14

"Net income for the period was $200,000. The retained earnings account had a beginning balance of $25,000. If the company paid d

ividends of $20,000 during the year, what is the ending balance in retained earnings?"
Business
1 answer:
solmaris [256]3 years ago
3 0

Answer:

Retained earning balance at the end would be = $205,000

Explanation:

Retained earnings at the end = Retained earning at the beginning + Net income - Dividend paid

The net income would increase the balance of the retained earnings hence it is added to it.

The Dividend paid would be a cash outflow which would reduce the balance of the retained earnings, hence it is deducted from it.

So applying this to the question, we have

Retained earning balance at the end would be:

25,000 + 200,000 - 20,000 = $205,000

Retained earning balance at the end would be = $205,000

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The band estimates it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It
grin007 [14]

Answer:

There are several question

Explanation:

You do not provide the equipment adquisition value.

I will help you with this incomplete question, by giving you the procedure to reach the answers of your problem:

The <u>information about concerts is not useful </u>to determinate the straight-line depreciation, so you will ignore that part, on striaght-line you must focus on the espected life of the long-term asset, the adquisition value and the salvage value.

For depreciation expense for year 1.

You will do (adquisition value - salvage value ($2,000)) /4 years

The first part means, the ammount from which the band purchase the equipment, less the ammount they can sell it at the end of his useful life. This will be the <em>ammount subject to depreciation.</em>

Last part will be to divide this by the useful life in year.

Book value at the moment of revision will be:

<em>book value  = </em>adquisition value - acumulated depreciation

Were the acumulated depreciation will be sum of the depreciation expense over the years. In this case we only have 1 depreciation so it will be

acumulated depreciation: dep expense year 1

<em />

Remaining depreciable cost at year 1 will be:

<em>amount subject to depreciation  - acumulated depreciation</em>

remember that amount subject to depreciation will be:

adquisition value - salvage value

and the acumulated depreciation is the sum of the depreication of each year.

For depreciation expense for year 2

Then you will do (adquisition value - salvage value) / 3 years

Because the expected life decrease this value will be higher than year 1

7 0
3 years ago
Speculative investments are high-risk investments with the possibility of high returns in a short period of time.
bixtya [17]
<span> <span>True. Risk in investment can be defined as the possibility that the investor may lose a big portion or all of the initial investment or make very high returns in a short period. Risk which is often likened to volatility dictates that the higher the volatility the higher the chances of returns. Speculative investments such as leveraged ETFs(commodities such as gold, oil, silver), options, venture capital trusts are considered high risk and often so offer handsome returns or cost the investor all or even more of their initial capital. It is however important to note that high risk does not automatically translate into high returns. The intrinsic value of the investment vehicle among other factors need to be considered in depth to determine if the investment is worth the risk</span></span>
8 0
3 years ago
Read 2 more answers
One reason there is a need for integrated marketing communications is that​ __________.
ELEN [110]

One reason there is a need for integrated marketing communications is that consumers​ don't distinguish between content sources the way marketers do.

Explanation:

Integrated messaging in marketing is a simple concept. This guarantees the diligent relation of all forms of communication and communications. Integrated marketing communications, or IMC, as we will term it, at its fundamental level, involves combining all promotional instruments in a harmonious fashion.

For example, an IMC is used to convey campaign messages through various channels. This increases the efficiency of activities used to turn foreigners into prospects and customers.

6 0
3 years ago
list four strategies that individuals, families, businesses, and government apply when making financial decisions.
Agata [3.3K]

While making financial decision one should keep in mind the Cost-benefit analysis, marginal analysis, trade-offs, and opportunity costs.

<h3>What are the strategies for making better fianancial decision?</h3>

The success of your firm will depend on the wiser financial decisions you make, among other things. Financial errors can have devastating repercussions and seriously ruin your business venture. You must be familiar with your company's financial data in order to develop stronger financial decision-making techniques.

1. Consistently Use Reliable Accounts

2. Invest in financial education

3. Regularly compare cash flow forecasts to actuals

4. Ensure That Major Initiatives' Financial Impact Is Always Calculated

5. Have Your Team Participate In Decision-Making

6. Consistently monitor financial performance

Learn more about the Business finance with the help of the given link:

brainly.com/question/10024737

#SPJ4

6 0
2 years ago
The XYZ Chemical Company must ship 9,500 gallons of pesticides from its plant in Cincinnati, Ohio, to a customer in Columbia, Mi
never [62]

Answer:

Henderson  = $1,200

Central States = $1,000

Based on the calculations, Central States Railroad is better at a lower cost than Henderson

Explanation:

The question is to do an evaluation of the costs of use Henderson Bulk Trucking Company or the Central States Railroad

Step 1) Determine the cost of using Henderson

What is the cost per tank  truck = $600

What is the capacity in gallons = 700 galloons

However, since XYZ Chemical needs to ship 9,600 gallons, it means it will make use of 2 trucks from Henderson as follows

The cost of Henderson Bulk Trucking = $600 x 2 = $1,200

Step 2) Determine the cost of using Central Railroad

What is the cost per tank  truck = $1000

What is the capacity in gallons = 23,500 galloons

since XYZ Chemical needs to ship 9,600 gallons, it means it will make use of only one of the trucks

The cost of Central Roilroad= $1000 x 1 = $1,000

Based on the calculations, Central States Railroad is better at a lower cost than Henderson

3 0
3 years ago
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