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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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On January 1, 2012 Morgan Co. purchased a truck that cost $32,000. The truck had an expected useful life of 10 years and a $5,00
Novay_Z [31]

Answer:

Annual depreciation= $2,700

Explanation:

Giving the following information:

Morgan Co. purchased a truck that cost $32,000. The truck had an expected useful life of 10 years and a $5,000 salvage value.

The straight-line depreciation method provides an annual depreciation expense by dividing the book value by the number of useful years.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (32,000 - 5,000)/10= $2,700

8 0
3 years ago
A company paid ​$140 comma 000 for a new​ 18-wheeler. When it is 11 years old it will be worth ​$30 comma 000. Using​ straight-l
ser-zykov [4K]

Answer:

V(n)=140,000-10000n

V(7)=$70,000

Explanation:

Purchase Cost= $140,000

Value After 11 Years =$30,000

Depreciation per Year = \frac{140000-30000}{11}  = \frac{110000}{11} =10000

The truck depreciates at a rate of $10000 per year.

Using​ straight-line depreciation, the value of the truck in​ dollars, V

The linear function of its age in years n, V(n)=140,000-10000n

When the truck is 7 years old

n=7

Truck's Value, V(n)=140,000-10000n

=140,000-(10000X7)

=140,000-70000

=$70,000

4 0
3 years ago
Her current campaign has a total investment of $25,500, generates 1,500 conversions, and has a CPA of $17. Which plan, built in
Novay_Z [31]

Answer: An investment of $40,000 to generate 2,000 conversions and a CPA of $20.

Explanation:

For molly to achieve her marketing goal, which is centered around making more sales and more profit. She would be needing and investment of around $40,000, as this amount would help generate a conversion of 2000 and a CPA in the region of $20.

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Erin, a department manager, is struggling trying to lead a cross-functional team. Most members are other department managers at
Ksju [112]

Answer:

The correct answer is: Weak Position power.

Explanation:

The position power can be understood as the amount of influence that an individual has over a group. In other words, an individual with strong position power is able to administer either rewards or punishment to the members of a given group

Leaders, usually have strong position powers, specially when the people they are leading are from lower levels.

In this particular case, Erin who is a department manager is struggling trying to lead a cross-functional team because most members are other department managers at her level, and they see no reason to do what she asks. Here, Erin has Weak position power, because she is at the same level of the members of the group she is supoosed to lead.

In conclusion, the correct answer is: Weak Position power.

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