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madreJ [45]
2 years ago
11

Corporation began with retained earnings of million. Revenues during the year were ​million, and expenses totaled million. decla

red dividends of million. What was the​ company's ending balance of retained​ earnings? To answer this​ question, prepare ​'s statement of retained earnings for the year ended December​ 31, ​, complete with its proper heading.
Business
1 answer:
lakkis [162]2 years ago
8 0

Complete Question:

Cell One Corporation began 2018 with retained earnings of $ 260 million. Revenues during the year were $ 520 ​million, and expenses totaled $ 340 million. Cell One declared dividends of $ 61 million. What was the​ company's ending balance of retained​ earnings? To answer this​ question, prepare Cell One​'s statement of retained earnings for the year ended December​ 31, 2018​, complete with its proper heading.

Answer:

Cell Corporation

Statement of Retained Earnings for the year ended December 31, 2018:

                                                      $'million

Retained Earnings, Dec. 31, 2017   260

Net Income                                       180

Dividends                                          (61)

Retained Earnings, Dec. 31, 2018   379

Explanation:

a) Data and Calculations:

Beginning Retained Earnings = $260 million

Revenues during the year were $ 520 ​million

Expenses totaled                          $ 340 million

Net Income (Revenue - Expenses) $180 million

Cell One declared dividends of $ 61 million

b) Cell Corporation's Retained Earnings for the year ended December 31, 2018 is the difference between the beginning retained earnings, net income, and the amount of dividend declared during the current year.  This figure gives the amount of equity that has been retained for growing the business, which is an important internal source of corporate funding.

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A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. Wha
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Answer:

The answer is:  $18, 750

Explanation:

The double-declining-balance(DDB) method entails computing depreciation of an asset at an accelerated rate. This method is employed when the asset loses value quickly and is expected to generate more revenue at the earlier stages of its useful life. The depreciation is higher at the beginning and lower close to the end of the asset's useful life. The depreciation is computed as follows:

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Residual Value: $5, 000

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Depreciation Year 1 on DDB =  2 * 25% * $75, 000

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Depreciation Year 2 on DDB =  2 * 25% * ($75, 000 -$37, 500)

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Platforms often store personal data subject to security clauses in data protection regulations such as GDPR or the Data Protecti
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Platforms often store personal data subject to security clauses in data protection regulations such as GDPR or the Data Protection Act.

It should be noted that when this type of sensitive data is hosted on a platform, an organization account for these considerations by keeping regular backup of the data collected. This is essential in a situation where there's data loss so that the day can be gotten from the backup.

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Answer:

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D. It could donate to the election campaigns of the new members of Congress to establish goodwill.

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While the other three options will effectively reduce the company's criminal liability exposure, option D is the least that is likely to have a positive or effective effect.  This implies that option D is most likely to aggravate the criminal liability of the company as it will be regarded as bribery to cover up a crime.

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Your answer is A.


(btw it would help to have letters on your options)
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