Answer:
Option D is correct,$1,950,000
Explanation:
In order to compute the closing balance of retained earnings, the preferred shares dividends for prior and current years as well as the common stock dividend must be deducted from net income before adding the remnant to the opening retained earnings:
Net income $870,000
Preferred dividend prior year($100*20000*8%) ($160,000)
Preferred dividend current year($100*20000*8%) ($160,000)
Common stock dividend($2*100,000) ($200,000)
net income after dividends $350,000
Closing retained earnings=$1600,000+$350,000
=$1,950,000
The answer is data backup and collaboration.
NAFTA ( the North American Free Trade Agreement ) entered into force in 1994. Before that in 1991 Canada, the US and Mexico had agreed to pursue a free trade agreement. Key elements included the elimination of tariffs and reduction of non-tariff barriers to trade between these countries. They removed the tariffs on goods such as: fruit and vegetables, meat products, wine, clothing, fuels and electric goods.
Answer: NAFTA is ratified in 1994 to eliminate trade barriers among: Canada, the United States and Mexico.
Answer: The firm has consistently had a high turnover rate in all departments.
Explanation:
If the firm has a high turnover rate in all departments this means that there is a high number of employees leaving the company.
For this reason, it would be best to initiate a Training and Development program at Chelsea Paper Products.
Some of the benefits of T&D programs include, increased job satisfaction, morale and motivation amongst employees. This would reduce the high turnover rate as employees would be happier to work at Chelsea PP as they feel more fulfilled.
Additional benefits include a better bottomline and increased innovation in the company which can give them an edge in the industry.
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