Answer:
Based on the opening retained earnings value, none of the options is correct.
The correct Syracuse`s retained earnings after closing would be $7,480.
Explanation:
Retained earnings is the residual proportion of the total profit of the firm that is left after deducting dividend received by the shareholders.
For each accounting period, closing residual retaining is calculated by adding the opening retained earnings with the net amount of the total profit remaining after deducting dividend.
To calculate closing retained earnings, it is important to get the total profit of the firm and then deduct dividend:
$
Service Revenue 8,050
Interest Revenue <u>1000</u>
9,050
Salaries Expense (4,900)
Operating Expense (1,550)
Interest Expense (700)
Net Profit 1900
Dividend (1300)
Retained Earning 600
Retained Earning B/f <u> 6,880</u>
Retained Earning B/d <u> </u><u>7,480</u>
Answer:
It will cost you $12,015,054 to buy a seat.
Explanation:
cost to buy a seat = number of shares to be owned*cost per share
= (one half of outstanding shares + 1)*cost per share
= (445,000/2 + 1)*$54
= $12,015,054
Therefore, It will cost you $12,015,054 to buy a seat.
The actual purchase price, the term of the loan/monthly payment, and the dealer fees
Answer:
Hong Kong's economy was able to sustainably grow at very high rates during a long period of time. This means that Hong Kong's GDP per capita will constantly grow, so even if it started at a very low level it eventually grow to much higher levels.
Meanwhile, in Argentina and Venezuela, the economic growth rate was very small, sometimes even negative. Their GDP per capita may have been much higher than Hong Kong's 50 years ago, but since it stagnated for so long, it didn't grow that much.