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Sauron [17]
3 years ago
6

The beginning and ending balances of retained earnings for the year were $30,000 and $35,000 respectively. If dividend payments

during the year were $13,000. Determine the net income or net loss for the year.
a. $8,000 net loss
b. $14,000 net income
c. $5,000 net income
d. $11,000 net income
Business
1 answer:
Keith_Richards [23]3 years ago
7 0

Answer and Explanation:

The computation of the net income or loss for the year is shown below:

As we know that

Ending retained earnings balance = beginning retained earning balance + net income or net loss - dividend paid

$35,000 = $30,000 +  net income or net loss - $13,000

$35,000 = $17,000 + net income or net loss

So, the net income or net loss is $18,000

This is an answer but the same is not provided in the given options

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What type of advertising communicates the specific features, values, and benefits of a product offered by a particular company?
steposvetlana [31]

Answer:

c. brand advertising

Explanation:

<em>c. brand advertising </em>

It engage the consumer to purchase the product or service being advertised.

a. internal advertising

this adverize is done to hire vacants inside the company instead of hiring from utside the company

b. corporate advertising

Is done to put into radar of consumer the entire organization or company. It d not advertize for an individual brand or product.

d. institutional advertising

It is done to focus on the benefits, ideas, or philosophies of the organization. It is done to iprove the reputation. It buils positive image. It do not sale a product or service.

8 0
3 years ago
The process of identifying and documenting specific and provable flaws in the organization’s information asset environment is ca
True [87]

Answer:

True

Explanation:

VULNERABILITY ASSESSMENT can be said to mean the process or ways in which an organisation information system is been assess and evaluate for any risks, threat or anything that may cause harm and vulnerabilities in the organization’s information system or information asset environment in order to help improve the safeguards , review the security weaknesses thereby making it less harmful and less vulnerable when needed.

7 0
3 years ago
The Federal Reserve can: A. simultaneously set any money supply and any nominal interest rate target. B. set the target money su
adell [148]

Answer:

The answer is C.

Explanation:

The Federal Reserve acts as the Central Bank. And the tool it uses to control the economy is monetary policy and its tools are:

1. Reserve requirements

2. Open market operation

3. Discount rate(interest rate)

The Federal reserve can control the money supply in the eco economy through any of these tools.

For example, if Federal reserve wants to increase the money supply, they can do the following:

a) reducing the interest rate it lends commercial banks money, commercial banks too reduces the interest it charges businesses or households. With lower interest, households and businesses are encouraged to borrow, thereby increasing the money supply and vice-versa.

b) lowering the reserve requirements. Reserve requirement is the minimum balance commercial banks must have with the federal reserves. This is guided by law. Lowering the reserve requirements enable commercial banks to have more money to lend to their customers and vice-versa.

In all, Federal reserve use any of these tools to control money supply that is consistent with their target nominal interest rate.

4 0
3 years ago
in the long run, the representative firm in monopolistic competition tends to have multiple choice excess capacity. economic pro
Lady_Fox [76]

Due to its ease of accommodating an increase in production, the representative firm in monopolistic competition typically has excess capacity over time.

<h3>What will happen if a monopolistic, rival business raises its price?</h3>

However, customers have the option to purchase a comparable product from another company if a monopolistic rival increases its price. When a dominant rival raises prices, it will not lose as many clients as a business operating in perfect competition, but it will lose more clients than a monopoly.

<h3>Why does monopolistic competition have excess capacity?</h3>

Natural monopolies or monopolistic competition both have excess capacity as a feature. It could take place as a result of businesses having to make lumpy or indivisible investments to boost capacity as demand rises.

Learn more about monopolistic competition: brainly.com/question/28189773

#SPJ4

7 0
2 years ago
PA12.
Elan Coil [88]

Answer:

\left[\begin{array}{cccc}$unit sale&100000&90000&80000\\$sales revenue&3500000&3150000&2800000\\$COGS&&&\\$Material&900000&810000&720000\\$Labor&1000000&900000&800000\\$VMO&250000&225000&200000\\$FMO&80000&80000&80000\\$total&2230000&2015000&1800000\\$gross profit&1270000&1135000&1000000\\$V S and A&100000&90000&80000\\$F S and A&950000&950000&950000\\$operating income&220000&95000&-30000\\$tax expense&66000&28500&\\$net income&154000&66500&-30000\\\end{array}\right]

Explanation:

<em></em>

<em>We will cross-multiply the variables concept like sales revenues materials, labor and other</em>

I.G

<em>sales revenues for 90,000:</em>

3,500,000 / 100,000 x 90,000 = 3,150,000

<em>for 80,000:</em>

3,500,000 / 100,000 x 80,000 = 2,800,000

<em></em>

The fixed will remain at the same value between the relevant range so we do not change them.

For the tax expense  we will have to check which is the rate

for 220,000 operating income the tax expense is 66,000

we can solve for rate: 66,000/220,000 = 0.3 = <em>30%</em>

Now we will determinate the tax expense with that rate.

<em>NOTE</em> attached missing information

6 0
3 years ago
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