Answer:
See below
Explanation:
First we will compute the ending retained earnings
= Beginning retained earnings $4,615 + Revenue $7,010 - Dividends $500
= $11,125
Then , the total assets of EEE corp. would be
= Capital contributed $820 + Retained earnings $11,125 + liabilities at year end $5,225
= $17,170
Answer: Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.
Explanation: Managerial accounting is the type of accounting under which the managers use the accounting estimates and make several assumptions to make decisions that can affect future results of business operations.
Under financial accounting recording, summarizing and presentation of data in a financial statement is done. It is used to keep track of the past transactions hence no assumptions are needed to make for important aspects.
Answer:
Explanation:
Economics is a social science needed with the production, distribution, and consumption of goods and services. It studies how we, businesses, governments, and nations make choices about how to assign resources.
Answer:
Household using 1000 cubic feet: charge per cubic foot is $0.04
Household using 1600 cubic feet: charge per cubic foot is $0.034375
Explanation:
Household using 1000 cubic feet
Bill = $40
Volume of water used = 1000ft^3
Charge per cubic foot = $40/1000 = $0.04
Household using 1600 cubic feet
Bill = $55
Volume of water used = 1600ft^3
Charge per cubic foot = $55/1600 = $0.034375
Answer: infant industry argument
Explanation:
The infant industry argument simply means that the new industries in a particular economy should be protected at all cost from the multinationals or already developed foreign firms so that they themselves can grow and that the foreign firms will not hinder their progress and growth.
This usually applies to small and newly established firms. One of the main reason for taxation is to help protect such industries from competition thqt can hinder them.
