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
Juli2301 [7.4K]
3 years ago
11

The Don't Tread on Me Tire Company had retained earnings at December 31, 2015 of $202,000. During 2016, the company had revenues

of $402,000 and expenses of $351,000, and the company declared and paid dividends of $11,200. Retained earnings on the balance sheet as of December 31, 2016 will be:
Business
1 answer:
vivado [14]3 years ago
6 0

Answer:

The answer is $241,800

Explanation:

Step 1:

We need to find Net income.

Net income = Revenue - expense

$402,000 - $351,000

Net income is $51,000

Step 2.

Closing/ending retained earnings = beginning/starting retained earnings plus net income minus dividend.

= $202,000 + $51,000 - $11,200

=$241,800

Therefore, Retained earnings on the balance sheet as of December 31, 2016 is $241,800

You might be interested in
Jung believed that dreams and "visions"
tatiyna

Answer:

The Correct Option is C.

Explanation:

Vision is which a person see something either having a heavenly perspective or in the person or individual mind. Whereas the dream is what the person or individual see when the person or individual is asleep.

So, Jung believed that the dreams and the vision is important or vital form of communications from another domain.

6 0
3 years ago
What is the primary difference between a static budget and a flexible budget? the static budget contains only fixed costs, while
mrs_skeptik [129]
<span>What is the primary difference between a static budget and a flexible budget? The static budget contains only fixed costs, while the flexible budget contains only variable costs. Flexible budgeting allows for variables to change the budget and allotted costs for the budget. When you have a flexible budget you are understanding of things that could "come up" and have extra </span>money open to use there. In a static budget, you are strict on where your money is spent and you have a budget just for those costs. 
3 0
2 years ago
The 10% bonds payable of Crane Company had a carrying amount of $4060000 on December 31, 2020. The bonds, which had a face value
faust18 [17]

Answer:

The correct answer is "43,000".

Explanation:

The given values are:

Carrying amount,

= $4060000

Face value,

= $3900000

Now,

For June 30, 2021, the Interest expense will be:

= 4060000\times 10 \ percent\times \frac{1}{2}

= 203,000

For June 30, 2021, the cash interest will be:

= 3900000\times 8 \ percent\times \frac{1}{2}

= 156,000

Now,

On June 30, 2021, the premium's amortization will be:

= Interest expense - Cash interest

= 203,000-156,000

= 47,000

On retirement, the cash paid will be:

= 3900000\times 104 \ percent

= 4,056,000

On June 30, 2021, the less carrying amount will be:

= Carrying amount - amortization

= 4060000-47000

= 4,013,000

Then,

The loss on retirement as well as ignoring taxes will be:

= Cash paid - less carrying amount

= 4,056,000-4,013,000

= 43,000

6 0
2 years ago
n 2010, the country of Vesey exported goods worth $312 billion and services worth $198 billion. It imported goods worth $525 bil
LuckyWell [14K]

Answer:

current account balance = $271.8 billion

Explanation:

given data

exported goods worth = $312 billion

exported services worth = $198 billion

imported goods worth =  $525 billion

imported services worth = $255 billion

sent famine relief to Africa = $1.2 billion

received = $3 billion

to find out

current account balance in Vesey

solution

we know that current account balance as

current account balance = total expenses - total revenue .............1

here

total expenses are = $525  + $255 + $3 = $783 billion

and total revenue = $312 + $198 +$1.2 = $511.2 billion

so from equation 1

current account balance = $783 billion - $511.2 billion

current account balance = $271.8 billion

7 0
3 years ago
In the late nineteenth century, what helped narrow the gradations of freedom amongst white Americans? a. Indentured servitude ha
ElenaW [278]

In the late nineteenth century, Judith Sergeant Murray wrote about women’s intellect being equal- this helped narrow the gradations of freedom amongst white Americans.

Option: B

Explanation:

In the late nineteenth century there was a conflict in between white Americans about the freedom. Their fight against each other graded by the help of writer and other professionals who wrote about their strong points. Judith Sergeant Murray who was an American writer and advocate wrote about women's right.

Gender discrimination, women's right, feminism was the core area of writing in Judith Sergeant Murray's work. He compared women's ability with man's, their imagination, decision making capacity, judgemental motives etc.

5 0
3 years ago
Other questions:
  • Name the written test a potential driver must pass and list the minimum required score to earn a learner’s license.
    13·1 answer
  • On January 1, 2020, Sheffield Company purchased at face value, a $1230, 10% bond that pays interest on January 1. Sheffield Comp
    10·1 answer
  • Which of the purchases is more likely to be paid for with a credit card?
    10·2 answers
  • During 2017 sales on account were $390,000 and collections on account were $230,000. also, during 2017 the company wrote off $22
    11·2 answers
  • Many people wear formal attire to a job interview (a suit, a dress, or other such clothing) even if the job does not require suc
    15·1 answer
  • Which examples demonstrate tasks commonly performed in Visual Arts jobs? Check all that apply. Cliff sets up video equipment at
    6·2 answers
  • On January 1, Year 1, Sayers Company issued $280,000 of five-year, 6 percent bonds at 102. Interest is payable semiannually on J
    14·1 answer
  • Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that
    12·1 answer
  • Electronic media have changed the way employers select qualified candidates. Applicant tracking systems (ATS) are often the firs
    9·1 answer
  • Connections between cargo vessels or trucks and transportation networks may eventually lead to the development of smart transpor
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!