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stiks02 [169]
3 years ago
15

The following information is available for Cubic Company before closing the accounts. After all closing entries are made, what w

ill be the balance in the Retained earnings account? Net income $ 101,200 Retained earnings 98,000 Dividends 35,000
Business
1 answer:
Goryan [66]3 years ago
7 0

Answer:

$164,200

Explanation:

Given that,

After all closing entries are made,

Net income = $101,200

Retained earnings = $98,000

Dividends = $35,000

Therefore,

Balance of retained earnings:

= Retained earnings + Net income - Dividends

= $98,000 + $101,200 - $35,000

= $164,200

Hence, the balance in the Retained earnings account is $164,200.

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Answer:

Here all of these options are wrong , the correct answer is regardless of how the tax is levied the burden of tax would be shared by both the seller and buyer.

Explanation:

Tax can be said as primary source of income for the government. When a tax is levied on the goods , the burden of that would have to be bear by both buyer and seller , irrelevant of how that levied . If the taxes are high then the demand by buyer would be less and seller would receive low price because less people would buy and n the case where taxes are low demand would be high and seller would receive high prices ,in both cases tax would be levied on both seller and buyer and how much it would be depends upon the elasticity of demand and supply. So all the statements given here are false or invalid.

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3 years ago
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Dell Computer's primary consumer business takes orders from customers for specific configurations of desktop and laptop computer
irina1246 [14]

Answer:

Assemble to order

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3 years ago
You notice that when a new yoga class is offered at the student recreation center at a highly desirable time, some students from
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You notice that when a new yoga class is offered at the student recreation center at a highly desirable time, some students from the other yoga classes go to the new class instead. This statement best represents this economic concept people usually exploit opportunities to make themselves better off.

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brainly.com/question/27569024

#SPJ4

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2 years ago
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