Answer:
C. $454,000.
Explanation:
We know that
The ending balance of retained earnings = Opening balance of retained earnings + net income - dividend paid
$375,000 = $0 + net income - $79,000
So, the net income would be
= $375,000 + $79,000
= $454,000
The ending balance of retained earnings - Opening balance of retained earnings is also known as increase in retained earning
Answer:
a.$4,704
Explanation:
Depreciation rate applicable for 2nd year as per MACRS 5 year class property = 32%
So, Irene cost recovery deduction = $21,000 * 32% * 70% = $4,704
Hence, the cost recovery deduction for Irene in 2020 is $4,704.
When using the expenditure approach, we are looking at the total spending of a business that is included in the equation to compute for GDP. For this, I would say government purchases is the answer because government purchases would take up the biggest chunk of a country's revenue for development and imports.
Using penetration pricing, a company initially charges a low price, both to discourage competition and to grab a sizeable share of the market.
In order to attract customers, the penetration pricing approach entails launching a new good or service at a cheap price. Gaining market share and aggressively attracting clients through low costs are the objectives. In a pricing strategy known as penetration pricing, a product's price is first set very low to quickly reach a large portion of the market and spread word of mouth. The tactic relies on the notion that consumers will transfer to the new brand as a result of the price reduction.
When companies launch a low price for a brand-new good or service, this is known as penetration pricing. Competitors are compelled to match the offer or immediately implement alternative techniques since the first price undercuts it. Customers of rivals could switch to the less expensive product.
Learn more about penetration pricing here: brainly.com/question/3521758
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