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Verizon [17]
3 years ago
9

The Dayton Corporation began the current year with a retained earnings balance of $32,000. During the year, the company correcte

d an error made in the prior year, which was a failure to record a depreciation expense of $3,000 on equipment. Also, during the current year, the company earned a net income of $12,000 and declared cash dividends of $7,000. Compute the year-end retained earnings balance.
Business
1 answer:
cluponka [151]3 years ago
4 0

Answer:

$34,000

Explanation:

To determine the year-end retained earnings balance we can use the following formula:

current retained earnings balance = last year's retained earnings balance + current net income - distributed dividends - adjustments (depreciation expense)

current retained earnings balance = $32,000 + $12,000 - $7,000 - $3,000

current retained earnings balance = $34,000

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For each of the following, is it part of demand for yen or supply of yen in the foreign exchange market? a. A Japanese firm sell
Lorico [155]

Answer:

a. A Japanese firm sells its U.S. government securities to obtain funds to buy real estate in Japan.

This contributes to the demand for yen

b. A U.S. import company pays for glassware purchased from a small Japanese producer.

This contributes to the demand for yen

c. A U.S. farm cooperative receives payment from a Japanese importer of U.S. oranges.

This contributes to the supply of yen for foreign exchange

d. A U.S. pension fund uses some incoming contributions to buy equity shares of several Japanese companies through the Tokyo stock exchange.

This contributes to the demand for yen

Explanation:

3 0
2 years ago
Use the expenditure multiplier to calculate the change in AD that would result from a $100 million increase in government spendi
adelina 88 [10]

Answer:

If MPC is 0.8, Change in GDP    =  $500 million

If MPC is 0.95, Change in GDP =  $2,000 million

Explanation:

<em>Expenditure Multiplier is the amount by which the real GDP will change if autonomous expenditure changes by a given amount.</em>

It is calculated as follows: 1/(1-MPC).

MPC is the portion of additional income that is spent. If the MPC is 0.8, then the expenditure multiplier will be = 1/(1-0.8) = 5

Using the first scenario with an increase in government spending by $100million, the resulting change in GDP would be

Change in GDP =  change in autonomous expenditure × Multiplier

                          = 100 ×  5 = $500 million

<em>Scenario 2, MPC of 0.95</em>

Expenditure Multiplier = 1/(1-0.95) = 20

Change in GDP= 100 × 20 = $2000 million

6 0
2 years ago
_________ sexual harassment refers to situations in which an employee's submission to unwanted conduct is made either explicitly
Elena L [17]

Answer:

Quid Pro Quo sexual harassment

Explanation:

Quid Pro Quo means exchanging one thing for another.

Quid pro Quo sexual harassment is a form of harassment in which an employer implies either directly or indirectly that sexual favors will be required, from an employee applying for a job, if he/she is to get the job.

This also applies to employees already within the organization, as it may affect whether they get promoted or fired.

7 0
3 years ago
HELP 20 POINTS HWLP HELL
faltersainse [42]

ANSWER:

Path Breakers:

Leo is very confident in his own style of selling, he doesn't go the conventional way, and has charted out a route for himself that gets him the desired results.

Challengers:

Anna puts in a lot of hard work everyday. She also puts in extra effort and record the highest number of visits and calls per day.

Dependable problem solvers:

Tanya understands her customer's business and thinks in a directed manner to solve their problems in an assertive manner through communication.

Toilers:

George always follows up with his customers after a sale. He makes sure that the product has been as per promised by getting in touch with his customers.

Hope this helps!

4 0
3 years ago
Read 2 more answers
Cameron has applied for a loan to expand his young business. When bankers look for evidence of whether he will be able to repay
Readme [11.4K]

Answer:

what Cameron's firm has done in the past.

Explanation:

Small businesses do request for loans in some cases when they aim at using borrowed funds as capital to become more profitable in their business. When such requests are made, the bank can decide to look at what has been done in the past by the firm to ascertain if they can be able to repay the loan. They usually look at the current and past loans (If any) and debts that have been incurred by the business. In some cases, they also examine the bank accounts the business won and their tax IDs, etc.  

3 0
2 years ago
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