The retained earnings are affected by the net income or loss or any amount paid to the shareholders as dividends. The retained earnings balance as of December 31, 2016 shall be calculated as follows:
Retained earnings, December 31, 2015 $ 313,700
Less: Net loss for the year ended December 31, 2016 -$4,850
Less: Dividends declared and paid in 2016 -$17,000
Retained earnings, December 31, 2016 $291,850
Hence, the retained earnings balance as of December 31, 2016 is <u>$291,850</u>
Answer:
The understanding including its context has been explained throughout the explanation segment elsewhere here.
Explanation:
- The relational leadership style wants to replicate the understanding that organizational culture ultimately resulted from those throughout the actions including its exemplary entrepreneur with either the perspective that leadership moves away from relations between people, gatherings.
- Relational leadership acknowledges that perhaps the performance of the connections clients construct seems to be the surprise to relevance and success.
- This methodology takes time to build as well as accomplish the goals of organizations, requirements, standards of practices, and so much more. Relational leadership could sometimes be extremely successful, especially whether it is accurate, caring, and compassionate, strengthened by hand movements of companionship but instead embodied mostly in the cultural values of an organization.
Answer:
Price - increase
Domestic production- increase
Import- reduces
Producer surplus- increase
Explanation:
A tariff is a form of tax on import or export.
When a tariff is imposed on a good , the price of the good increases.
As a result of the tariff , the amount of the goods imported falls as the imported good is now more expensive. The quantity produced by domestic producers increases as consumers would now start demanding for the domestic good. Tariffs are sometimes enacted to discourage importation and encourage domestic production.
As a result of the price increase, producer surplus increases. The increase in price also increases output. The producer surplus is the difference between the price of a product and the least amount the producer is willing to sell his product.
I hope my answer helps you.
Answer:
True
Explanation:
A person (or company or country) must specialize in the production of the good or service for which they possess a comparative advantage.
Lindsay has an absolute advantage in both cutting lawns and pruning trees, but that doesn't mean that she has a comparative advantage at both.
