Answer:
Option A $210,000
Explanation:
As we know that:
Closing Equity = Opening balance + (Revenues - Expenses - Dividends)
To find closing equity we have to find opening equity and the opening balance is the difference of opening assets and opening liabilities so:
Opening Total Equity = Opening Total Assets - Opening Total Liabilities
Putting values we have:
Opening Equity = $250,000 Op. Assets + $180,000 Op. Liabilities
= $70,000 Opening Equity
So putting the value of opening equity we have:
Closing Equity = $70,000 Opening Equity + ($375,000 Revenue - $200,000 Expenses - $35,000 Dividends)
= $70,000 + 140,000 Retained Earnings = $210,000 Closing Equity
So the option A is correct.
I believe the answer is: goodwill with trade partners
Protectionism refers to the act of protecting local businesses by imposing tariff or quota to the goods that come from another countries. When a country impose these, the other countries would usually retaliate by doing the same thing for the goods from our country (Decrease in goodwill)
Answer: A $37.280.
Explanation:
Adjusted book balance will include those transactions made or charged by the bank for/to the company so will include;
= Balance per books - Insufficient funds check - Utility bill paid by bank - Check printing charge
= 40,000 - 1,400 - 1,240 - 80
= $37,280
Answer:
It is more profitable to continue to rework the phones and sell them.
Explanation:
Giving the following information:
Signal mistakenly produced 1,000 defective cell phones.
<u>The $65 per phone is a sunk cost. It will remain on both decisions, therefore, we will not take into account to make the decision.</u>
Sell as it is:
Income= 33*1,000= $33,000
Rework:
Costs= 88*1,000= $88,000
Sales= 144*1,000= $144,000
Total gain= $56,000
It is more profitable to continue to rework the phones and sell them.
Answer:
$8,119,048
Explanation:
Given that,
Amount of scholarships = $170,500 per year
Trust fund earns an annual rate of return = 2.1 percent
Let x be the amount contribute to the fund and assuming that only income is distributed,
2.1% of x = Amount of scholarships
0.021x = $170,500
x = $170,500 ÷ 0.021
= $8,119,048
Therefore, the amount of money that is contributed by the George Jefferson to the trust is $8,119,048.
