Answer:
$28,000
Explanation:
Ending retained earnings = beginning retained earning + current earnings - dividends paid out.
for Jane's Bakery,
Beginning retained earning 0,
Dividends : $36,000
earnings = revenues - expenses
earnings = $130,000 - $ 66,000
=64,000
ending retained earnings = 0+$64,000- $36,000
=$28,000
Without actually saying what was wrong with the program, Beth alluded to walking around the space. Jerry is lucky with a lady and Beth recalls her childhood. After learning that a father of one her childhood friends, Tommy, is set to be executed for the murder of the said friend, Beth remembers how she tried to deal with his disappearance via imagining that he got lost in her imaginary international referred to as "Froopyland" and laughs at how stupid it becomes.
To maximize profit, the perfectly competitive firm charges a price equal to the marginal cost while the monopolist charges a price greater than the marginal cost.
The monopolist will select the profit-maximizing level of output where MR = MC, and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.
In a monopolistically competitive market, the rule for maximizing profit is to set MR = MC and the price is higher than marginal revenue, not equal to it because the demand curve is downward sloping.
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Answer:
Option (C) is correct.
Explanation:
Based on given information, the bank's excess reserves occurs when $2,000 is deposited in the bank as a form of cash.
The reserve ratio = 10%
= 0.1
Bank's reserve = Deposit amount × Reserve ratio
= $2000 × 0.1
= $200
Bank lends to a borrower = $1500
So, bank's excess reserve:
= Deposit amount - Bank's reserve - Bank's lending amount
= $2,000 - $200 - $1,500
= $300
Therefore, as a consequence of these transactions, the bank's excess reserves are increased by $300.
$10 million should be added to net income.
<h3><u>
What is Accounting?</u></h3>
- Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process.
- A company's operations, financial condition, and cash flows are summarized in the financial statements that are used in accounting.
- They provide a succinct summary of financial transactions across an accounting period. One of the most important aspects of practically every firm is accounting.
- Small businesses may have a bookkeeper or accountant manage it, whereas larger corporations may have vast finance departments with many people.
- Management can make wise business decisions thanks to the information produced by many streams of accounting, including cost accounting and managerial accounting.
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