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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.

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Pavel [41]

Answer: Option D              

Explanation: Competitive advantage refers to situation when an organisation gets favorable advantage in the market over its competitors.

   In the given case, Belinda is trying to establish business in the industry which already has heavy competition. Therefore, if she wants to establish a customer base, she must need some competitive advantage so that she can operate with low profits initially.

Hence from the above we can conclude that the correct option is D.  

6 0
3 years ago
the house plan drawing titled "Elevation" shows the A. Inside views of different areas of the house B.outside views of the sides
Klio2033 [76]
The house plan drawing titled elevation shows the outside views of the house.
8 0
3 years ago
WHAT IS THHE PAYMENNT CREDITOR?
dusya [7]
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7 0
3 years ago
During the year ended December 31, 2022, Bjornstad Corporation had the following results: net sales $267,000, cost of goods sold
aliya0001 [1]

Answer:

<em>profit margin 34.61%</em>

Explanation:

profit \: \: margin = \frac{profit}{sales}

<em>The profit margins represents how many cent or the percentage of sales which converts into net income.</em>

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<em>net sales:</em> 267,000

profit \: \: margin = \frac{92,400}{267,000}

<em>profit margin</em> = 0.346067415 = <em>34.61%</em>

7 0
3 years ago
Bonnie Jo purchased a used camera (five-year property) for use in her sole proprietorship. The basis of the camera was $3,000. B
bogdanovich [222]

Answer:

$360

Explanation:

The computation of the depreciation deduction during the first year is shown below:

= Basis of the camera × given percentage × weightage

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= $360

Since the 60% is used for business and 40% used for personal

And there is a recovery period of assets of 5 years so  half year convention period applies

8 0
3 years ago
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