1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
N76 [4]
3 years ago
15

CHEGG The adjusted trial balance of Bramble Corporation at December 31, 2022 includes the following accounts: Retained Earnings

$10,584; Dividends $4,200; Service Revenue $25,200; Salaries and Wages Expense $12,600; Insurance Expense $1,680; Rent Expense $3,780; Supplies Expense $420; and Depreciation Expense $840. Prepare a retained earnings statement for the year. (List items that increase retained earnings first.)
Business
1 answer:
mezya [45]3 years ago
8 0

Answer:

                               Bramble Corporation

                   Retained earnings statement for the year

                                                               Amount in $

Opening Balance                                     10,584

Net income                                                5,880

Dividend declared and paid                   <u> (4,200) </u>                      

Closing Balance                                       <u> 12,264 </u>

Explanation:

The retained earnings statements shows the movement in the opening and closing balance of retained earnings. The elements of these movements are the dividend paid and the net income for the year.

Net income is the difference between the sales and expenses of the business.

Net income

= $25,200 - $12,600 - $1,680 - $3,780 - $420 - $840

= $5,880

You might be interested in
For all the women out there(only women) how do I make a girl feel comfortable while talking?
Scilla [17]

Answer:

Don't make her feel like you're hiding anything from her. If she seems upset, comfort her tell her everything will be alright. Let her know she can trust you. Make her feel like she's wanted for more than what she looks like. Show her how much you care and that you'd never do anything to intentionally hurt her. Make her feel safe. Once you can do all that she should begin to feel comfortable talking to you.

Explanation:

Hope this helps. Good luck.

8 0
3 years ago
Read 2 more answers
According to liquidity preference theory investment spending would rise if the price level
ANTONII [103]

Answer:

A.rose making the interest rate fall

Explanation:

According to the liquidity preference theory developed by John Keynes, if the money supply rises, price level also rises, interest rate falls. If interest rate falls, the price of bond rises which would increase capital gains. People would prefer to hold bonds instead of money, therefore, investment spending would rise.

The liquidity preference theory states that we hold money for transactive, speculative and precautionary motives.

4 0
4 years ago
Information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes pa
maksim [4K]

Answer: Business intelligence

Explanation: Business intelligence is a term used to describe the strategic steps taken to obtain or collect data,carry out the analysis of the data analysis, showing trends, patterns and relationship between factors, treatments and other considerations before making business decisions. Business intelligence is all in modern business processes to adequately explore the advances in technology for Business decisions making.

7 0
3 years ago
Suppose you win on a scratch‑off lottery ticket and you decide to put all of your $3,500 winnings in the bank. The reserve req
Semenov [28]

Answer:

35000

A, d

Explanation:

Reserve requirement is the portion of deposit received by banks that the central bank requires to be kept as deposit.

If $3500 is deposited and reserve requirement is 10%

reserves would increase by $3500 x 0.10 = $350

Increase in the total value of checkable deposit is determined by the money multiplier

Money multiplier = amount deposited / reserve requirement

3500 / 0.1 = 35000

If the banks keep excess reserves, the amount of money available to be loaned out would reduce and this would reduce the increase in money supply.

Also, if individuals keep the money at home, it would reduce the amount of money that can be loaned out by banks

7 0
3 years ago
A company's chart of accounts is: a detailed list of the accounts that make up the five financial statement elements. the set of
polet [3.4K]

Answer:

A detailed list of the accounts that make up the five financial statement elements.

Explanation:

The company's chart of accounts is the listing of all the accounts that the company has included as part of the five financial statement elements during a specific period of time.

The five financial statement elements are: assets, liabilities, equity (part of the balance sheet), expenses and revenues (part of the income statement).

Examples of accounts that can be part of a firm's chart of accounts are: land (asset), cash (asset), notes payable (liabilities), outstanding stock (equity), operating expenses (expenses), and sales revenue (revenues).

The chart of accounts can differ greatly from company to company simply because companies engage in vastly different economic activities.

8 0
4 years ago
Other questions:
  • Beginning three months from now, you want to be able to withdraw $3,200 each quarter from your bank account to cover college exp
    6·1 answer
  • Explain why it is important for Costco’s corporate accounting, marketing, and operations management business units to access and
    5·1 answer
  • The demand for grapesgrapes is highest during summer and lowest during winter. Yet grapegrape prices are normally lower in summe
    8·1 answer
  • "Which of the following is NOT a symptom of potential investment scams? a.Pressures to get in early on the investment. b. A busi
    10·1 answer
  • Paul's Dogs Corp. has 9 percent coupon bonds making annual payments with a YTM of 8.5 percent. The current yield on these bonds
    14·1 answer
  • quisletYour 15-year-old brother comes home with the great news that he has decided to buy his first car and has just agreed to g
    10·1 answer
  • What keys to success did the leaders describe
    7·1 answer
  • Suppose someone borrows $552,000 today to buy a house in Davis, CA. If the annual interest rate is 4%, with monthly compounding,
    7·1 answer
  • Pamela applies for a life insurance policy with forever young insurance company. when completing the application form about past
    8·1 answer
  • MECCS Inc. stock paid its annual dividends of $4.90 per share yesterday. The dividend is expected to decrease at a constant rate
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!