1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Whitepunk [10]
3 years ago
13

The following selected amounts are available for Waterway Company: Retained Earnings (beginning balance) $1,050 Net loss 150 Cas

h dividends declared 100 Stock dividends declared 100 What is its ending Retained Earnings balance?
Business
1 answer:
never [62]3 years ago
3 0

Answer:

Ending retained earnings balance is 700.

Explanation:

In order to find the ending retained earnings we will have to start from the beginning retained earnings. The beginning retained earnings are 1050. Because the company has a net loss of 150 we will subtract 150 from 1050. And we are left with 900. After this we will subtract the 100 cash dividends as these are also paid from the retained earnings that the company has so we are left with 800. Also the company pays a stock dividend worth 100 so we will also subtract that and are left with 700. So the ending retained earnings balance is 700.

You might be interested in
Boi, why am i alive.-
Marianna [84]
Ahah relatable but anyways u good?
6 0
3 years ago
If one unit of Product Z2 used $2.00 of direct materials and $3.40 of direct labor, sold for $11.00, and was assigned overhead a
zheka24 [161]

Answer:

Gross profit= $4.75

Explanation:

Giving the following information:

Product Z2:

$2.00 of direct materials

$3.40 of direct labor.

sold for $11.00.

Designated overhead at the rate of 25% of direct labor costs.

Gross profit= sales - direct material - direct labor - manufacturing overhead

Gross profit= 11 - 2 - 3.4 - (3.4*0.25)= $4.75

4 0
3 years ago
Mitch is a director and officer of Numero Uno, Inc. Mitch makes a marketing decision that results in a dramatic decrease in prof
Stells [14]

Answer:

As long as Mitch acted in good faith and tried to make the best possible decision regarding all available information, and his decision was something that any other person could have made, his mistake has to be considered a bad or negative business judgement (business judgement rule). He thought that his actions would benefit the corporation, but he was wrong and the corporation lost money. That types of mistakes are considered normal and just that, mistakes that anyone can make.

In regards with the second issue, that Mitch is a shareholder and a director of a firm that will directly compete with Numero Uno, he must inform the board about this and resign to either Numero Uno or One of a Kind.

6 0
3 years ago
Barney, a manager, is very conventional, resistant to change, habitual, and does not accept new ideas very easily. This implies
xxMikexx [17]

Answer:

This implies or states to low openness to experience

Explanation:

Low openness to experience, it is related to people who are mostly dedicated to work they do and make sure that their tasks or work through to the end.

So, in this case, Barney, who is the manager is very resistant to adapt the change, very conventional and does not accept the new ideas so easily. This states that the manager, is very low for experiencing the openness or to the new ideas.

4 0
3 years ago
Mathrans, a textile firm, wants to hire two costume designers for a new movie project. To precisely determine the future job per
irga5000 [103]

Answer:

<u>Validation</u>

Explanation:

The validation process occurs when an organization needs to know the skills and performances of some job seekers. Through a test with selected measures, such as construction measures, content and criteria, it is possible for the company to know and predict if a candidate is able to perform the tasks assigned to the position he is running.

7 0
3 years ago
Other questions:
  • A photocopier cost $ 102 comma 000 when new and has accumulated depreciation of $ 93 comma 000. If the business discards this pl
    12·1 answer
  • The stock of Wheel Corporation, a U.S. company, is publicly traded, with no single shareholder owning more than 5 percent of its
    15·1 answer
  • A new associate recently joined your team. He is struggling with the feedback-rich environment in which team members are encoura
    6·1 answer
  • Data concerning Farm Corporation's single product appear below:
    8·1 answer
  • Select the four common tools managers use to analyze competitive intelligence and develop competitive advantages. a. The three g
    14·2 answers
  • Mike has a linear production possibilities frontier that shows maximum production of trucks or computers of 10 million each. Deb
    6·1 answer
  • What’s the difference between a commercial bank and an investment bank? List the major types of financial institutions, and brie
    9·1 answer
  • You own 50 shares of Auto Corporation that you purchased for $30 a share. The stock is currently selling for $50 a share, and yo
    6·1 answer
  • (Preferred stock valuation​) You are considering an investment in one of two preferred​ stocks, TCF Capital or TAYC Capital Trus
    7·1 answer
  • At what credit score range do you think it’s unlikely that banks would offer you a loan or credit card?
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!