1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
photoshop1234 [79]
3 years ago
15

Retained earnings, december 31, 2015 $ 313,700 cost of equipment purchased during 2016 32,000 net loss for the year ended decemb

er 31, 2016 4,850 dividends declared and paid in 2016 17,000 decrease in cash balance from january 1, 2016, to december 31, 2016 13,700 decrease in long-term debt in 2016 17,000 required: from the above data, calculate the retained earnings balance as of december 31, 2016. (deductible amounts should be indicated by a minus sign.)
Business
2 answers:
andrew-mc [135]3 years ago
6 0

rrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

geniusboy [140]3 years ago
3 0

The retained earnings are affected by the net income or loss or any amount paid to the shareholders as dividends. The retained earnings balance as of December 31, 2016 shall be calculated as follows:

Retained earnings, December 31, 2015                               $ 313,700

Less:  Net loss for the year ended December 31, 2016     -$4,850

Less: Dividends declared and paid in 2016                       -$17,000

Retained earnings, December 31, 2016                              $291,850


Hence, the retained earnings balance as of December 31, 2016 is <u>$291,850</u>


You might be interested in
Did juice wrld actually die? Or did he fake his death?
Neporo4naja [7]

Answer:

he actually died

Explanation:

he died of an accidental drug overdose which caused him to have a seizure.

6 0
3 years ago
Read 2 more answers
The value of what you owe minus what you owe is called
aliina [53]
Hey there!

I think you meant to type "value of what you <em>own</em> minus what you owe". Let me know if this assumption isn't correct, though I don't know what the value of what you owe is besides... ya know, what you owe. 

The value of what you own is called you assets. This can include anything of value that you own, particularly your pricier possessions. Think of a vintage family heirloom or a highly–priced article of clothing. Assets, though, includes the value <em>everything</em> that you own that you could possibly put a price tag on if you were certain someone would buy it. 

What you owe is called your liability. This is basically any debt that you owe anyone, whether it be your buddy who footed your lunch bill the other day when you didn't have enough cash or a student loan you used to pay for college. 

Your assets minus your liability is called your net worth. This is basically what you are worth in total. This makes sense, since any debt you owe will be taken out of the amount that you are worth or any money that you have.

Net worth will be your answer. 

Hope this helped you out! :-)
4 0
3 years ago
What is gross profit
astra-53 [7]
Gross profit is net sales minus the cost of goods sold. It reveals the amount that a business earns from the sale of its goods and services before the application of additional selling and administrative expenses.
6 0
3 years ago
Read 2 more answers
What is the connection with the company Unocal and the Country of Burma?
balu736 [363]

Answer:

Unocal was attracted to Burma for several reasons. First, labor was cheap and relatively educated. Second, Burma was rich in natural gas resources. Third, Burma was an entry point into other international markets, particularly in and around Southeast Asia. Finally the political environment was extremely stable.

Explanation:

5 0
3 years ago
A next monthly interest payment on a loan with a principal balance of $19,531 is $109.86. what is the interest rate on the loan?
8_murik_8 [283]

The next monthly interest payment on a loan with a principal balance of $19,531 is $109.86. 6.75% is the interest rate on the loan.

The interest rate is the percentage of the loan that the borrower pays to the lender. Most loans pay interest in addition to the principal. Lending rates are usually expressed in his APR or APR which includes both interest and fees.

Monthly Interest Payment means the amount of interest payable on the Payment Date for the preceding Interest Period based on the interest calculated at the Monthly Interest Rate for the preceding Interest Period.

Interest is an additional payment known as interest on top of the principal paid to a lender for the right to borrow money.

Learn more about monthly interest payment at

brainly.com/question/2151013

#SPJ4

7 0
2 years ago
Other questions:
  • Suppose Toyota built a new automobile plant in Mexico using Japanese management practices, Canadian capital, and Mexican labour.
    13·1 answer
  • A benefit of monopoly for the business owner is
    5·1 answer
  • Advertising is important for most companies, especially companies such as P&amp;G that sells mostly to end customers. But, most
    14·1 answer
  • Business partnerships must involve partners who are willing to do which of the following
    5·1 answer
  • Connie, a single mother and home-business entrepreneur, enjoys running her own business. However, because she is busy balancing
    11·1 answer
  • Suppose all the producers sell toasters through Wal-Mart, and WalMart lets producers choose from 2 options. With Option A, a pro
    9·1 answer
  • Suppose that the Fed has decided to utilize the Taylor rule to implement monetary policy. If the actual federal funds rate targe
    7·1 answer
  • Assume the expected return on the market is 9 percent and the risk-free rate is 4 percent. (a1) What is the expected return for
    15·1 answer
  • Managerial accountants would be responsible for providing information regarding a.profit reports to owners and management b.tax
    13·1 answer
  • which statement provides the best advice about instant messaging and texting on the job? a. maintain one contact list for both p
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!