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
frez [133]
3 years ago
9

Blossom Company started the year with $44400 in its Common Stock account and a balance in Retained Earnings of $32600. During th

e year, the company earned net income of $35500 and declared and paid $14800 of dividends. In addition, the company sold additional common stock amounting to $20700. As a result, the amount of its retained earnings at the end of the year would be _____.
Business
1 answer:
alukav5142 [94]3 years ago
6 0

Answer:

$53,300

Explanation:

Given that,

Common Stock account = $44,400

Beginning retained earnings = $32,600

Net income = $35,500

Dividend declared and paid = $14,800

Retained earnings at the end of the year:

= Beginning retained earnings + Net income - Dividend declared and paid

= $32,600 + $35,500 - $14,800

= $53,300

Therefore, the retained earnings at the end of the year is $53,300.

You might be interested in
The historical cost principle requires that when assets are acquired, they be recorded ata. appraisal value.b. cost.c. market pr
Hitman42 [59]

Answer:

b. cost

Explanation:

Assets are accounted for under IAS 16 Property plant and Equipment, IAS 38 Intangible assets and IAS 40 and 41 Investment property and Biological assets.

The historical cost principle requires that assets on initial recognition be recorded at cost. This cost is maintained even as depreciation is charged for the use of the asset.

The cost is then netted off the accumulated depreciation to get the net book value of the asset or the carrying amount.

6 0
3 years ago
Read 2 more answers
A category of data such as a customer's name, city, state, or phone number is called a?
GalinKa [24]

A category of data such as a customer's name, city, state, or phone number is called a field.

<h3>What is a field in data organization?</h3>

Field can be regarded as the smallest unit of data organization,  which contains a specific category of data , and these data could be  customer's name, city, state or phone number.

Hence, A category of data such as a customer's name, city, state, or phone number is called a field.

Learn more about data organization on:

brainly.com/question/21428222

#SPJ1

5 0
2 years ago
Please label each scenario below as to whether or not the person is acting rationally, making choices leading to the outcome the
likoan [24]

:Answer: Steven is Acting Rationally,

Jacklyn is Acting Irrationally, Brian is acting irrational

Explanation:

Rational behavior refers to a thoroughly thought out decision-making process that people make result in thier benefit alone

For irrational behaviours, choices are made without thinking thoroughly and do not benefit the individual.

Here, Steven acted RATIONAL by leaving the restaurant because the meal according to me does not taste well, he would rather leave than manage what is detrimental to him.

Jacklyn acted lRRATIONAL because she spends more than what she can, in the long run, this will not be beneficial to her.

Brian also acts IRRATIONAL because he reduces to do his assignment at the right time, knowing fully well the cons of behaving like this will not be beneficial to him.

6 0
3 years ago
When a bank has excess reserves and the bank loans those excess reserves to other banks that need to borrow to meet their reserv
omeli [17]

Answer:

Federal funds.

Explanation:

The Federal Reserve System (the 'Fed) was created by the Federal Reserve Act, passed by Congress in 1913. The Fed began operations in 1914. It was founded by President Woodrow Wilson under the Federal Reserve Act, which was aimed at backing each banks in order to put a definitive end to the bank panics of the 1800s.

Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;

- Controlling the issuance of currency in United States of America (it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets).

- Providing banking services to all the commercial banks in the country (the Federal Reserve is the "lender of last resort).

- Regulating banking activities (it has the power to supervise and regulate banks).

When a bank has excess reserves and the bank loans those excess reserves to other banks that need to borrow to meet their reserve requirements, the excess reserves that are loaned are called federal funds.

5 0
3 years ago
The portfolio with the lowest standard deviation for any risk premium is called the_______. A.efficient frontier portfolio B.CAL
Kryger [21]

Answer:

The right approach is Option C (global minimum variance portfolio).

Explanation:

  • A completely-invested portfolio with either a low uncertainty factor seems to be the GMV portfolio. This same GMV portfolio corresponds to or is situated mostly on the left end including its FI-efficient frontier.
  • Although aside from either the full-investment requirement, no restrictions are enforced, the GMV portfolio deals for analytical portrayal.

The latter options offered are not relevant to something like the scenario presented. So that is indeed the correct solution.

7 0
3 years ago
Other questions:
  • Do you think college funding should be reduced to the humanities courses ?
    13·2 answers
  • Which type of small store carries a limited line of high-turnover convenience goods and makes most of its revenues from cigarett
    10·1 answer
  • What is behavioral tracking?
    7·1 answer
  • Because scarcity exists, any strategy for allocating scarce resources must address A) for whom to produce, what to produce, and
    11·2 answers
  • You have £100. A friend of yours wants to exchange C$175 for your £100. What will be your profit or loss if you accept your frie
    12·1 answer
  • Which of the following are characteristics of a perpetuity? A. A perpetuity is a stream of regularly timed, equal cash flows tha
    7·1 answer
  • A magazine advertisement for a home entertainment system contains detailed copy, technical information, and a long list of produ
    13·1 answer
  • James has earned his associate’s degree and is not planning on furthering his education. Which of the following is a STEM career
    10·1 answer
  • What is Walmart's Times Interest Earned Ratio for the year of 2018 (round it to 3 numbers after the decimal point -&gt; 0.581)
    5·1 answer
  • Match each term with the correct definition.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!