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:
Create a daily schedule and reward herself for sticking to it
Explanation:
The strategy that Olivia could use to help manage her time is to create a daily schedule and reward herself for sticking to it because she has different things to do and the best way to complete everything is to organize the time in which she is going to perform each activity and follow that plan so she will be able to have enough time. Also, if she rewards herself for following the schedule, she would be motivated to continue doing it.
Answer:
Payment history. Payment history is the most important ingredient in credit scoring, and even one missed payment can have a negative impact on your score. ...
Amounts owed. ...
Credit history length. ...
Credit mix. ...
New credit.
Explanation:
Answer:
1. Franklin Inc. is not under any legal obligation to pay divided to common stock holders. A company can only pay dividend when it makes profit. A company may not pay dividend even when it makes profit because payment of dividend at the discretion of board of directors. Dividends on common stocks are not fixed.
Payment of dividend to preferred stock holders is fixed because preferred stocks are fixed income securities. Dividend in this case does not depend on the financial fortune of a company. In case of cummulative preferred stocks, arrears of dividend in a given year can be carried forward to another year.
Franklin Inc is under a legal obligation to pay interest to debenture holders because the company is under bond to pay principal and interest as and when due. Bonds are also fixed income securities in which interest is fixed regardless of whether the company makes profit or not.
2. Rob Lowe is advised to invest in bonds because he is guaranteed of his principal and interest as and when due since the interest on bond and principal do not depend on the financial fortune of the company.
Explanation:
In the first case, explanations were made on the obligation of the company to pay dividend or interest.
In the second case, explanations were provided on the appropriate investment to undertake.
Answer: c. $300,000
Explanation:
Here, the shipping costs from overseas is part in inventory costs whereas the shipping costs to export are part of expense not inventory.
Given: Purchases during the year $15.0 million
Shipping costs from overseas$1.5 million
Shipping costs to export customers$1.0 million
Inventory at year end $3.0 million
Amount of shipping costs should be included in ABC Trading's year-end inventory valuation = (Inventory at year end)÷(Purchases during the year ) × (Shipping costs from overseas)
= ($3,000,000) ÷ ($15,000,000) × ($1,500,000)
= $300,000
Hence, the correct option is c. $300,000.
