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3 years ago

The following information is available for Amos Company for the year ended December 31, 2017.

Business

1 answer:

zhannawk [14.2K]3 years ago

5 0

Answer:

A statement of retained earnings shows us movement in the element of earnings due to shareholders from the Business Operations in a financial year.

The Balance position is then added to the Shareholders equity to arrive at total Shareholders Fund in the Balance Sheet.

Explanation:

<u>Amos Company</u>

<u>Retained Earnings statement </u>

<u>For the Year ended December 31 2017</u>

<u></u>

Opening Balance of Retained earning $869,000

Less Cash dividend Paid in 2017 -$16,000

Less depreciation expense omitted in 2015 -$43,600

Add tax benefit in 2015 from omitted depreciation expense $6,000

Add Net income for 2017 $214,000

Closing Retained Earnings = $1,029,400

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Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00

IRISSAK [1]

Answer:

10.38%

Explanation:

From the question above a bank offers to lend an amount of $10,000 for a period of 1 year

The bank expects an interest of $250 to be paid every 4 months

= $250×4

= $1,000

Total amount of interest= $1,000

The first step is to calculate the nominal interest

= (1000/10,000)×100

= 0.1×100

= 10%

Therefore, the effective annual rate on the loan can be calculated as follows

= (1+r/m)^m-1

r = 10% , m = 4

= [1+(10/100)/4]^-1

=[ (1+0.1/4)^4]-1

= (1+0.025^4)-1

= (1.025^4)-1

= 1.1038-1

= 0.1038×100

= 10.38%

Hence the effective annual rate in the loan is 10.38%

6 0

3 years ago

) A company determines that its marginal revenue per day is given by R'(t) = 100et , R(0) = 0, where R(t) = the revenue, in doll

marysya [2.9K]

Answer:

The answer is below

Explanation:

The marginal revenue R'(t) = $100e^t$ and the marginal cost C'(t) = 140 - 0.3t.

The total profit is the difference between the total revenue and total cost of a product, it is given by:

Profit = Revenue - Cost

P(T) = R(T) - C(T)

P(T) = ∫ R'(T) - C'(T)

Hence the total profit from 0 to 5 days is given as

$P(T) = \int\limits^0_5 {(R'(T)-C'(T))} \, dt= \int\limits^0_5 {(100e^t-(140-0.3t))} \, dt\\ \\P(T)= \int\limits^0_5 {(100e^t-140+0.3t))} \, dt\\\\P(T)= \int\limits^0_5 {100e^t} \, dt- \int\limits^0_5 {140} \, dt+ \int\limits^0_5 {0.3t} \, dt\\\\P(T)=100\int\limits^0_5 {e^t} \, dt- 140\int\limits^0_5 {1} \, dt+0.3 \int\limits^0_5 {t} \, dt\\\\P(T)=100[e^t]_0^5-140[t]_0^5+0.3[\frac{t^2}{2} ]_0^5\\\\P(T)=100(147.41)-140(5)+0.3(12.5)=14741-700+3.75\\\\P(T)=14045$

3 0

4 years ago

"The Bank of England is concerned that the British Pound is weakening against the U.S. Dollar. A method for the Bank of England

sukhopar [10]

Complete/Correct Question:

The Bank of England is concerned that the British Pound is weakening against the U.S. Dollar. A method for the Bank of England to strengthen its currency would be to:

A. raise British interest rate levels

B. lower British interest rate levels

C. raise U.S. interest rate levels

D. lower U.S. interest rate levels

Answer:

A, raise British interest rate levels

Explanation:

Increasing the interest rate levels of the British will help strengthen the pound against the Dollar. This would mean that the United States is offering lower interest rate.

This is possible because a higher interest rate means that lenders will make higher returns compared to countries with lower interest rates.

Cheers.

8 0

3 years ago

Brand managers know that increasing promotional budgets eventually result in diminishing returns. The first one million dollars

Virty [35]

Answer:

The Expected Awareness level for the next year will be 58%

Explanation:

In order to calculate the Expected Awareness level, first we have to calculate opening awareness level using the following formula:

Opening awareness level=Closing level−Decrease in awareness per year

=80%−(1/3×80%)

=80%−26.4%

=53.6%

After having calculated the Opening awareness level we can calculate the Expected Awareness level for next year with the following formula:

Expected Awareness level=Opening awareness level+Increase in level

=53.6%+5%

=58%

7 0

3 years ago

The holder of a promotional permit may:

elena-14-01-66 [18.8K]

<h3>The holder of a promotional permit may: <u>participate in activities by promoting alcoholic sale </u></h3>

<h3>Further explanation </h3>

According to Promotional Permits of Texas Alcoholic Beverage Commission in 2005, there are new promotional permit created to allow a person to promote the alcoholic beverage sale for people who manufactures alcoholic beverages, on the premises of permit hold.

According to Alcoholic Beverage Code, Chapter 50 about promotional permit and Sec. 50.001 it is stated that:

<em>The holder of a promotional permit may, on behalf of a distiller, brewer, rectifier, manufacturer, winery, or wine bottler with whom the promotional permit holder has entered into a contract for the purposes of this chapter, engage in activities to promote and enhance the sale of an alcoholic beverage in this state, including activities that take place on the premises of the holder of a permit or license under this code.</em>

Therefore, the holder of a promotional permit may: <u>participate in activities by promoting alcoholic sale </u>

<h3>Learn more</h3>

1. Learn more about promotional permit : brainly.com/question/4482110

2. Learn more about sale of alcoholic beverages in the United States : brainly.com/question/2749448

3. Learn more about alcoholic beverages authorization brainly.com/question/2445456

<h3>Answer details</h3>

Grade: 9

Subject: business

Chapter: promotional permit

Keywords: promotional permit

5 0

4 years ago

Read 2 more answers