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Aleks [24]
3 years ago
11

Assume that ABC had a retained earnings balance of $10,000 on April 1, and that the company had the following transactions durin

g April. Issued common stock for cash, $5,000. Provided services to customers on account, $2,000. Provided services to customers in exchange for cash, $900. Purchased equipment and paid cash, $4,300. Paid April rent, $800. Paid employees' salaries for April, $700. What was ABC's retained earnings balance at the end of April
Business
1 answer:
Lostsunrise [7]3 years ago
8 0

Answer:

ABC's retained earnings balance at the end of April is $11,400

Explanation:

The addition to retained earnings in the current month is revenue derived from providing services to customers minus the expenses such as rent and employee salaries

Net income for the month=$2,000+$900-$800-$700=$1400

Retained earnings at month end=opening retained earnings+net income

Retained earnings at month end=$10,000+$1,400=$11,400

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Chantel works at Coca-Cola. To make the required sales number, Chantel sent more Coca-Cola products to their distributors than w
miv72 [106K]

Answer: Channel stuffing

       

Explanation: In simple words, channel stuffing refers to the deceitful business practice by the organisations in which it shows wrong picture of its sales and earnings by sending more products to the distribution channel which they are able to send.

In the given case, Chantel has been sending their distributors more units than they asked for with the objective of inflating the sales number in the records.

Hence from the above we can conclude that the correct option is C.

7 0
3 years ago
Oligopolies exist because of barriers to entry. One of the most important barriers to entry is due to economies of scale. Why is
GREYUIT [131]

Oligopolies exist because of barriers to entry. One of the most important barriers to entry is due to economies of scale when it exists, the industry is more likely to be an oligopoly than a competitive one.

A market structure known as an oligopoly occurs when a few large sellers or manufacturers control a sizable portion of a market or an entire sector. Oligopolies are frequently the outcome of corporate collaboration as a way to increase profits. Because of the decreased competition, customers will pay more and workers will earn less.

In an oligopoly, there must be some entry barriers to allow businesses to capture a sizable portion of the market. These obstacles could be economies of scale or brand loyalty. Entry barriers, however, are lower than monopolies.

Several oligopoly-enabling circumstances have been noted. First off, there aren't many big companies in an oligopolistic market. This feature sets oligopoly apart from monopoly, in which there is only one entity.

To learn more about oligopoly refer to:

brainly.com/question/18686878

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5 0
1 year ago
The strength of the economy depends on the balance of production and consumption of goods and services true or false
34kurt
The answer is True because it depends on both 
4 0
2 years ago
Read 2 more answers
When fraud examiners investigate a bankruptcy or divorce resulting from fraud, where do they focus?
suter [353]

activity shortly before the bankruptcy filing or divorce

Answer:c

3 0
3 years ago
Jill's parents are concerned because she does not have a job despite graduating from college. Her parents tell her that they got
gtnhenbr [62]

Answer:

Her sociological imagination.

Explanation:

From the question, we were informed about Jill's parents who were concerned because she does not have a job despite graduating from college. Her parents tell her that they got jobs right out of high school, so she should be able to get a job very easily. They conclude that she must be lazy. Jill tells them that they need to consider larger economic trends and changes in technology to understand why she is having trouble finding a job. Jill is using

Her sociological imagination to explain her inability to get a job. The sociological imagination can be regarded as a practice that involved having ability to “think ourselves away” from some of our daily and familiar routines of our lives, so that see them with critical and new eyes, Sociological imagination is ability gotten by individual to focus away from his/her particular situation then think from other point of view or alternative perspective. Sociological imagination can be regarded from other point of view as capacity of individual to shift his/her thought from one perspective to another perspective.

5 0
3 years ago
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