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Gekata [30.6K]
3 years ago
11

At the end of Year 2, retained earnings for the Baker Company was $3,050. Revenue earned by the company in Year 2 was $3,300, ex

penses paid during the period were $1,750, and dividends paid during the period were $1,150. Based on this information alone, what was the amount of retained earnings at the beginning of Year 2?
Business
1 answer:
Andreas93 [3]3 years ago
4 0

Answer:

$2,650

Explanation:

For computation of retained earnings at the beginning of Year 2 first we need to find out the net profit which is shown below:-

Net profit = Revenue - Expenses

= $3,300 - $1,750

= $1,550

Retained earnings at the ending of Year 2 = Beginning balance of retained earning + Net profit - Dividend paid

$3,050 = Beginning balance of retained earning + $1,550 - $1,150

Beginning balance of retained earning = $3,050 - $400

= $2,650

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On or before April 15, year 2.

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Answer:

Three things:

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When adequately processed a time can be given during which the food product is still not spoilt. For example 1 year from date of canning. After this period there is a high possibility of food spoilage.

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3 years ago
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Strategy can be formulated at three degrees, particularly, at the company level, the business level, and the functional degree. at the company degree, strategy is formulated for your organization as a whole. The corporate method offers decisions associated with various enterprise regions in which the firm operates and competes.

As an example, constructing on the diversification instance, the purposeful level strategies that aid that commercial enterprise stage method is probably: R&D: redesign product. advertising: put into effect a new advertising plan. manufacturing: Make adjustments to present infrastructure.

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Answer:

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Proprietry funds are accounts that are part of governmental institutions and non profits organizations and these require a high standard of transparency and accountability, so they are require to provide to the government the next statements: tatement of net assets; a statement of revenues, expenses, and changes in fund net assets; and a statement of cash flows.

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