Answer:
D. $ 600,000
Explanation:
if X's withdrawals = y
Net Income = 2y
X 's share of profit = 2y ×60%
= 1.2 y
X's Closing capital + X's withdrawals = Opening Capital + Share of Net income
$ 140000 + y = $ 80000 + 1.2y
1.2y - y = $ 140000 - $ 80000
= $60000
0.20y = $ 60000
y = $ 300000
Therefore,
Net Income = 2y
= 2×300000
= $ 600000
Answer:
$3,650
Explanation:
Given that,
Assets = $107,000;
Liabilities = $37,000;
Common Stock = $67,000;
Retained Earnings = $3,000
Amount of net income:
= Revenue - Expenses
= $5,700 - $3,350
= $2,350
Closing retained earnings:
= Retained earnings at the start + Current year net income - Dividends paid
= $3,000 + $2,350 - $1,700
= $3,650
Therefore, the Golden's retained earnings at the end of the year is $3,650.
Answer:
C
Explanation:
A rain barrel is a container that captures and stores rainwater for landscape and garden use during dry periods. Rain barrels provide an external benefit to the community through water conservation. If the government offers a per unit subsidy on rain barrels equal to the per-unit externality, then the after-subsidy equilibrium quantity of rain barrels will be more than the socially optimal quantity of rain barrels.
Owner is only responsible.
Owner
- Owner is the one who owns the business, create business plans , different goals, & mainly ensures that there business would last forever.
- He is never engaged in day to day activities but always do the proper inspection of all the works in all the departments.
- Manages the budget, sales forecasting, planning, organizing in all the process they used to work as a leader.
Alarm systems
- These are the systems who had the automatic sensor for smoke, fire, & other fire related emergency are detected.
- They have different pitch of sounds according to the places; i.e. at required place they have high sound and vice versa.
- They used to activate Automatically when any heat or fire related substances come closer to it.
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Paralegal - Assist an attorney in research and administrative tasks.
Federal Aid Coordinator - Evaluate student applications for financial aid.
Corrections Officer - Supervise the management of a prison facility.
