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
charle [14.2K]
3 years ago
9

accountant for Huckleberry... The accountant for Huckleberry Company is preparing the company's statement of cash flows for the

fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year $ 160,000 Cash dividends declared for the year 49,600 Net income for the year 96,500 What is the ending balance for retained earnings
Business
1 answer:
Vesnalui [34]3 years ago
4 0

Answer:

$206,900

Explanation:

According to the given situation, the computation of ending balance for retained earnings is shown below:-

Ending retained earnings = Beginning retained earnings + Net income - Cash dividends

= $160,000 + $96,500 - $49,600)

= $206,900

Therefore for computing the ending retained earnings we simply applied the above formula.

You might be interested in
The project involves an initial investment of $100,000 in equipment that falls in the 3-year MACRS class and has an estimated sa
nlexa [21]

Answer:

NPV -87,259.64

Explanation:

P0   -100,000

Salvage Value 15,000

operating working capital realese 5,000

We will calculate the present value of the salvage value and the working capital realese

\frac{Principal}{(1 + rate)^{time} } = PV

\frac{5,000}{(1 + 0.12)^{4} } = PV

3,177.59

\frac{15,000}{(1 + 0.12)^{4} } = PV

9,532.77

NPV = investment - cash flow discounted

NPV = -100,000 + 9,532.77 + 3,177.59 = -87,259.64

3 0
3 years ago
For each of the following transactions for , state whether the total effect of the transaction results in an increase, decrease,
astraxan [27]

Answer:

It will increase the assets,equity and net income but decrease the liabilities

5 0
4 years ago
Semi-Salt Industries began its operation in 1975 and remains the only firm in the world that produces and sells commercial-grade
Airida [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

8 0
3 years ago
THREE government regulations that guides the establishment and operation of a business.
algol [13]
Labor, privacy, and health
4 0
3 years ago
In a closed-fact problem, the main goal of tax research is to: Group of answer choices Determine several alternative courses of
Anettt [7]

In a closed-fact problem, the main goal of tax research is to: find support for an action the taxpayer has already taken.

Explanation:

When filing a tax return, many people are medically supported. Strong tax research skills are even greater because of their complexity and application in tax law. The purpose of this chapter is to provide information and advice on tax compliance analysis as well as tax planning. In addition, the technique of tax analysis is quite similar to accounting and auditing.

The aim of tax research is to increase the profit or gains of the taxpayer. The aim is not to generate the minimum tax liability potential. Customers should determine the accuracy of tax returns or try to minimize possible IRS conflicts.

This difference of perspective — to optimize after-tax gains instead of reducing taxation — is particularly important when one considers that many tax planning techniques require such pre-tax income transfers, either in the form of additional expenditures, income avoidance or both.

3 0
3 years ago
Other questions:
  • Jim wants to buy some new shoes. a local shoe shop has a pair for $59.95 with a 10% discount. another shop has the same pair for
    6·1 answer
  • A company manufactures and sells a product for $124 per unit. The company's fixed costs are $72,760, and its variable costs are
    6·1 answer
  • Waterway Industries incurs the following costs to produce 11800 units of a subcomponent: Direct materials $9912 Direct labor 133
    8·1 answer
  • Consider a US firm sells a gas turbine generator to a British firm; in March 201x for British pound BP 1,000,000. Payment is due
    11·1 answer
  • Ballard Company uses the perpetual inventory system. The company purchased $9,800 of merchandise from Andes Company under the te
    10·1 answer
  • In the capitalistic economy what ensures that a firm will survive only way to serve its customers wall by providing products and
    12·1 answer
  • University Car Wash built a deluxe car wash across the street from campus. The new machines cost $234,000 including installation
    7·1 answer
  • Question 6 of 10
    15·1 answer
  • A recent regulation enacted by the Commission for Protective Trade Measures in Russia limits the amount of poultry meat that can
    5·1 answer
  • What type of segmentation categorizes consumers on the basis of the outcomes they hope to derive from a product or service
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!