Answer: Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be: $123000.
Explanation: First we must calculate the accumulated earnings to date with the equity equation: Assets = Liabilities + Equity
We know that equity is made up of capital + retained earnings.
If the asset is 195,000, the Liability 15,000 and the capital 60000
195000 = 15000 + 60000
195000 = 75000
195000 - 75000 = Retained earnings
$ 120000 = Retained earnings.
The result of the year is Income - expenses
226000 - 175000 = $ 51000.
Then the company's total earnings are retained earnings + Profit for the year = 120000 + 51000 = 171000.
We subtract the distribution of dividends and obtain the balance of the retained earnings account: 171000 - 48000 = $123000.
Answer:
1 unit of X must be sacrifised to gain a unit of Y, with satisfying Budget Constraint .
Explanation:
Budget Line shows the product combinations that a consumer can buy with given prices & money income (spending all) . Equation : P1X1 + P2X2 = M
Price ratio slope of the budget line i.e = P1/P2 : shows the amount of a good needed to be sacrifised to gain a unit of the other good , given prices & income.
So, Price Ratio : PX / PY = 2 / 2 = 1 in this case; implies 1 unit of Good X is needed to be sacrifised to gain a unit of good Y with given prices & income.
The answer to this question is Price
The amount of price of a certain products usually indicates the amount of expense the consumers are willing to pay considering the value that the product will give to them.
This will really vary depending on the rarirty of the products and the purchasing power in the market.
Answer:
There are 67 schools,44 elementary schools, 13 middles schools, 6 high schools, 3 senior high schools, and 1 alternative STEM-based high school, Plano ISD Academy High School. Out of the 67 schools, 56 are located within the city of Plano.
Explanation:
I hope this helps! :)
When this is formed by nations to advance trade it is referred to as a<u> Free Trade Area. </u>
<h3>What is a free trade area?</h3>
- A zone comprising of several nations where they don't charge each other much customs/ import duties.
- Allows for easier trade.
The purpose of a free trade area is to encourage trade amongst members but it can lead to a few members dominating if they produce more than the other members.
Find out more on free trade areas at brainly.com/question/8515719.
