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sveticcg [70]
3 years ago
15

QP Corp. has a beginning retained earnings balance of $16,000. An adjusted trial balance shows total expenses of $24,000 and ser

vice revenue of $28,000. If dividends for the year were $1,800, determine the ending retained earnings balance for the year.
Business
1 answer:
siniylev [52]3 years ago
4 0

Answer:

$18,200

Explanation:

The formula and the computation of the ending retained earnings balance is shown below:

Ending retained earnings balance = Beginning retained earning balance + service revenue - total expenses - dividend paid for the year

= $16,000 + $28,000 - $24,000 - $1,800

= $18,200

The service revenue minus total expenses are also known as net income

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liubo4ka [24]

Answer:

Option (c) is correct.

Explanation:

The production possibility frontier is a graphical representation of combination of two different goods that an economy can produce with the limited available resources. All the points on the production possibility frontier curve represents efficient allocations and all the points below that curve are inefficient.

All the points above this curve are unattainable or we can say that combination are not affordable for the economy.

7 0
3 years ago
The following data are given for Harry Company:
katrin [286]

Answer:

$7,732 unfavorable

Explanation:

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Direct labor rate variance = Actual time taken × (Standard rate - actual rate)

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= 5,021 labor hours × ($14.71 - $16.25)

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Since the actual rate is more than the standard rate so it would be lead to unfavorable variance

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

4 0
4 years ago
You are given the following information for Watson Power Co. Assume the company’s tax rate is 22 percent. Debt: 12,000 6.1 perce
alexgriva [62]

Answer:

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8 0
3 years ago
Jill has 7 cats and 4 dogs. How many dogs are there in all? If Jane has 23 cats and I have 2 cats, and then Jane gives me 5 cats
blagie [28]

Answer:

4

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Explanation:

thx

8 0
3 years ago
what are the economic factors influencing the communication industry as a whole and how does this impact the economic base​
Nuetrik [128]

Answer:

This lesson discusses how factors such as natural resources, power and energy, capital accumulation, technology, the labor force, transportation, communications.

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3 years ago
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