<u>Calculation of retained earnings beginning balance:</u>
Retained earning beginning balance can be calculated using the following formula:
Retained earnings ending balance = Retained earning beginning balance + Revenue – Expenses - Dividends
Hence using the given information we can solve the equation as follows:
3,050 = Retained earning beginning balance + 1935 – 1065 - 550
3,050 = Retained earnings beginning balance +320
Retained earnings beginning balance = 3050-320 = $2,730
Hence, Retained earnings beginning balance is <u>$2,730</u>
Answer:
The answer is: Technical skills
Explanation:
Managers need to posses of develop all sorts of skills, although depending on their Business Unit, they might need some more than others. Managerial skills are usually divided into 3 categories:
- Technical Skills
: skills that provide the ability and knowledge to use a variety of techniques to achieve their objectives (i.e. operating machines and software, tools, equipment, product design, marketing, sales strategies, etc.).
- Conceptual Skills
: skills that provide the ability and knowledge for abstract thinking and formulating ideas (i.e. diagnose problems, elaborate creative solutions, etc.)
- Human or Interpersonal Skills
: interpersonal skills related to the manager´s ability to interact, work or relate effectively with people.
In Donna´s case, she will probably need to use mostly technical skills since her job is very specific and technical (telecommunications, computer systems, electrical engineering, satellite communications, etc). She will also need to have or develop conceptual or interpersonal skills, but not as much as a marketing or HR manager.
In a pure competition market, all products that being sold in that market is EXACTLY the same. None is worse and none is better.
In that condition, Buyers will make their decision based on price ( since all product's quality is possible)
That's why producers should sell where p=MC, which mean they should sell in the lowest price possible to be able to compete with other competitors
B is correct answer.
Because they are protecting against by the inflation risk.
Hope it helped you.
-Charlie
Have a great day!
Thanks!