Answer:
The balance of the retained earnings account after the closing entries are recorded will be $17,600
Explanation:
Net income of Barger Company = Service revenue - Expenses = $43,000 - $38,400 = $4,600
The balance of the retained earnings account after the closing entries are recorded = The balance of the retained earnings account before the closing entries are recorded + Net income - Dividends = $14,000 + $4,600 - $1,000 = $17,600
To me at least, the context is unclear, though "Trade" seems to be a reasonable answer as we get a lot of goods from trade with foreign countries and get labor and other such services from other countries.
It is based on the premise that the sustainable growth rate is that the debt<span>-equity ratio will be held constant. The sustainable growth rate is the maximum rate of growth of the firm that sustain without having to increase </span><span>financial leverage for outside financing. It is measure of how large the firm and how quickly it can row without borrowing more money.</span>
A credit union is owned and operated by the people who have accounts in it. In a traditional bank, the bank is run by a president and a board of higher people. In a credit union, all members of the union own a stake of the company and the board is made up of members of the credit union.
