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Aleks04 [339]
2 years ago
15

Quartz Instruments had Retained Earnings of $150,000 at December 31, 2018. Net income for 2019 was $95,000, and dividends for 20

19 were $35,000. What amount of Retained Earnings should be reported at December 31, 2019?a. $185,000
b. $210,000
c. $245,000
d. $150,000
Business
1 answer:
Svet_ta [14]2 years ago
8 0

Answer:

The answer is B. $210,000

Explanation:

Retained Earnings is the part of profit that is not spent. It is put back into the business after the dividend must have been paid from profit for the year.

Ending retained earnings = beginning Retained Earnings plus net income minus dividend

Beginning Retained Earnings is $150,000

Net income is $95,000

Dividend is $35,000

Therefore amount of Retained Earnings at December 31, 2019 is

$150,000+$95,000-$35,000

=$210,000

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A vendor sells hot dogs at $17.00 /piece. For every hot dog he spends $11.23 in the raw material. Additionally he spends $0.90 f
Gemiola [76]

Answer: $4.87

Explanation:

The question is asking for the Contribution margin which is the amount left of the selling price after the variable costs have been deducted.

Contribution margin = Selling price - variable costs

= Selling price - Raw materials - packing costs

= 17 - 11.23 - 0.90

= $4.87

8 0
3 years ago
Shyla conducted an experiment. she went to the student union and asked people if they would like to be subjects in her study. sh
Assoli18 [71]
No!
It's biased. Grumpy people have a right to have their opinions known just as well as cheerful people. Grumpy looks are momentary. They can be brought about (especially at a University) by math problems that are illusive, by girl friends (or boy friends), that are illusive, by something for lunch that was barely edible, by any number of things. 

She should ask people on some sort of other scale that is more random.
7 0
3 years ago
During the course of your examination of the financial statements of the Hales Corporation for the year ended December 31, 2021,
Nana76 [90]

Answer:

$35,260

Explanation:

Calculation to Determine the proper amount of net income for 2021

Unadjusted net income $33,000

Adjustments:

a. Insurance expense overstated $2,800

[4,200-(4,200/3)]

b. Sales revenue overstated $(675)

c. Supplies expense overstated $645

d. Interest expense understated $(510)

(12%*17,000*3/12)

Adjusted net income $35,260

Therefore the proper amount of net income for 2021 will be $35,260

3 0
3 years ago
During 2018, Deluxe Leather Goods issued 841,000 coupons which entitles the customer to a $4.20 cash refund when the coupon is s
sergeinik [125]

Answer:

$978,306

Explanation:

The computation of the unremembered liability coupons is shown below:

= (Number of coupons issued × redeemed coupon percentage) - (processed coupons) × worth of coupon

= (841,000 coupons × 73%) - (381,000 coupons) × $4.20

= (613,930 coupons - 381,000 coupons) × $4.20

= 232,930 coupons × $4.20

= $978,306

We simply deduct the processed coupons from the redeemed coupons and then multiply it by the coupon worth

8 0
3 years ago
Rosseta Technologies, an information technology service provider to a company based out of Germany, allows its employees to work
kondaur [170]

Answer: A.) An enterprise search software

Explanation: Placing restrictions on the search or retrieval of confidential data or information may be enforced through the use of an enterprise search software. The enterprise search software enables the retrieval of information or data from databases and other enterprise-level sources while also ensuring that these informations or data are made available to a defined audience or population by following carefully defines rules and compliance procedures in other to ascertain security of organizational data and information.

5 0
3 years ago
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