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velikii [3]
3 years ago
5

The following information is from Amos Company for the year ended December 31, 2019.

Business
1 answer:
Juliette [100K]3 years ago
3 0

Answer:

Explanation:

The preparation of the statement of retained earnings for Amos Company is shown below:

Retained earnings at December 31, 2018 (before discovery of error) $858,000

Less: Depreciation expense two years ago -$45,600

Add: net income $209,000

Less: Cash dividends declared and paid during the year -$11,000

Retained earnings at December 31, 2019             $1,010,400

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mars1129 [50]

Answer:

they provide incentives for firms to develop technologies that are less polluting.

Explanation:

Pollution can be defined as the physical degradation or contamination of the environment through an emission of harmful, poisonous and toxic chemical substances.

Offset trading refers to a type of trading system that is typically designed for the realization of more efficient pollution control.

This ultimately implies that, it can be described as a program that allows new firms to pay existing firms to reduce their emissions below a standard.

Free market in tradable pollution permits simply means giving manufacturing companies and individuals the legal right to pollution of the environment. For example, XYZ company is purchasing the permit of 500 units of carbon dioxide (CO2) pollution annually, this simply means it is permitted to pollute the environment by 500 units of CO2 annually.

Additionally, a free market in tradable pollution permits has some sort of benefits as companies can resell their unused permits or devise a cheaper means of reducing pollution. It also compensate companies that significantly reduces its pollution of the environment.

Hence, an advantage of tradable emissions permits is that they provide incentives for firms to develop technologies that are less polluting because it would reduce the amount they would have to pay for pollution.

3 0
3 years ago
Alpha Ltd has appointed you as a manager in the budgeting department. The company has provided the following information to prep
nasty-shy [4]

Answer and Explanation:

The preparation of the cash flow budget is presented below:

                                   Cash Flow Budget

Particulars    Jan 2021      Feb 2021 Mar 2021      Apr 2021 May 2021      Jun 2021

Opening Balance $1,000 $1,400 $2,000 $4,600 $8,300 $11,700

Sales        $4,000          $4000 $6,000      $7,500  $7,500  $7,500

   (2,000 ×  2)         (2,000 ×  2)       (2,000 ×  3)    (2,500 ×  3)  (2,500 ×  3)  (2,500 ×  3)

Total Cash Inflow  $5,000 $5,400 $8,000 $12,100 $15,800 $19,200

Less: Cash payments

Less: Bonus to employees $1,000 $800     $800   $800   $1,500 $1,500

(5,000 × 20% )   (4,000 × 20% )   (4,000 × 20% )  (4,000 × 20% )  (7,500 × 20% )   (7,500 × 20% )

Less: Overhead Cost 2,000 2,000 2,000 2,000 2,000 2,000  

Less: Direct material & Direct Labor 500      500    500    500   500 500  

Less: Fixed Cost 100 100 100 100 100 100  

Net cash generated  (A) 400  600  600  4100  3400  3400  

Opening Cash balance (B)  1000  1400  2000  2600  6700  10100  

Closing Balance (A+B)  1400 2000 4600 8300 11700 15100

Balance as on 30 June 2021 = 15100

We simply deduct all cash payments from the all cash receipts so that the ending balance or closing balance could come

3 0
3 years ago
Which is the branch of the US Treasury Department that collects taxes?
romanna [79]
The answer to your question is IRS
6 0
3 years ago
What are the primary functions of a central bank?
Vesnalui [34]

Answer:

The correct answer is:

  • Conduct monetary policy;
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  • Provide banking services to commercial banks, depository institutions, and the federal government.

Explanation:

A central bank is the apex monetary authority in a country. It plays several crucial roles in the smooth working of the economy.

  1. A central bank issues currency on behalf of the government.
  2. It formulates monetary policy on behalf of the government.
  3. It acts as a banker for the government.
  4. It acts as a banker for commercial banks.
  5. It supervises all financial institutions.

The role of providing services to businesses and consumers is played by commercial banks. Fiscal policy is formulated by the government. The responsibility of ensuring the growth of the economy also falls with the government.

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3 years ago
Which person is most creditworthy? <br><br> A. Nancy <br> B. Sylvia <br> C. Fiona <br> D. Uli
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Fionna is the answer
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3 years ago
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