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
hram777 [196]
3 years ago
7

At the beginning of the year, a company's balance sheet reported the following balances: Total Assets = $175,000; Total Liabilit

ies = $24,750; Total Paid-in capital of $57,750; and Retained earnings = $92,500. During the year, the company reported revenues of $50,500 and expenses of $33,000. In addition, dividends for the year totaled $22,000. Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be:
Business
1 answer:
Ne4ueva [31]3 years ago
7 0

Answer:

$88,000

Explanation:

The computation of the ending balance of the retained earning balance is shown below:

As we know that

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

where,

net income is

= Revenues - expenses

= $50,500 - $33,000

= $17,500

And, the other items values would remain the same

So, the ending balance is

= $92,500 + $17,500 - $22,000

= $88,000

You might be interested in
Usually, most of an adult's income comes from
Zigmanuir [339]
JOBS ARE THE SOURCE OF INCOME
5 0
2 years ago
The sensitivity of bank profits to changes in interest rates can be measured more directly using ▼ duration analysis credit rati
Pavel [41]

Answer:

The correct answer is Gap Analysis.

Explanation:

The deficiency analysis is a strategic planning tool that will help you understand where you are, where you want to go and how to get there.

One of the first steps for the transition or implementation of your management system is to check your management system with respect to the requirements of the standard. This is what is commonly known as deficiency analysis, also known as pre-audit.

The deficiency analysis is carried out at the beginning of the certification process to verify compliance with the requirements of the standards to be implemented. Each standard has specific requirements that must be met and are detailed in several clauses. If your system does not meet these requirements, you must solve this problem in order to get certified.

8 0
2 years ago
Read 2 more answers
6. What do you pay for a twelve-ounce can? What are the real social costs of producing a can of Coke – in terms of water, power
VladimirAG [237]

Answer and Explanation:

To pay for a twelve ounce can it costs between 50 cents to a dollar. The social costs of producing a can coke, in which 9 liters of fresh water is used which effects fresh water supply on earth due to its contamination. The cost of making coke :costs more higher, where it has to maintain its employees, buildings, its road transportation, garbage disposal, and many more. People who are living near the coke plant building pays all these costs, and all people pays a equal part as it is taking from earth.

4 0
3 years ago
Tru or false? the older traditional form of management structure is the horizontal organization
Tamiku [17]
The answer is false.
7 0
3 years ago
Which of the following is an example of a price floor​? A. Safeway charges​ $1 more than Fred Meyer charges for a 5 pound bag of
Snowcat [4.5K]

Answer:

C. The government guarantees that potato farmers will receive at least​ $50 a ton.

Explanation:

Price floor is implemented by the government or a group where price control is imposed or limit is placed on how low a price a product can be sold.

For price floor to be effective it must be higher than the equillibrum price.

Equillibrum price is the price at which quantity consumers are willing to pay for is equal to quantity suppliers re willing to sell.

Price floors are usually used to keep commodity prices from going too low.

So if the government guarantees farmers will receive at least $50 per ton of potato, they are setting a price floor of $50.

4 0
2 years ago
Other questions:
  • The total market demand for toys in Springfield is 100,000 units. A company manufacturing toys has a variable cost is $10 per to
    11·1 answer
  • 13. Describe at least three other investments you want to make with your income either now or someday in the future. Explain why
    12·2 answers
  • On January 1, 2021, D Corp. granted an employee an option to purchase 6,000 shares of D's $5 par common stock at $20 per share.
    7·1 answer
  • George enjoys being on the debating team, but he is taken off the team when he inadvertently utters an obscene word during a deb
    10·1 answer
  • A company had net income of $210600. Depreciation expense is $27000. During the year, Accounts Receivable and Inventory increase
    9·1 answer
  • Lots of Stuff Company reports the following data for its first year of operation. Cost of goods manufactured $455,000 Work in pr
    10·2 answers
  • Knowledge Check 01 Provided below is summary income statement data for Freedom Corporation. Amount Sales $ 800,000 Cost of goods
    12·1 answer
  • ​(Annuity payments) Calvin Johnson has a 5000 debt balance on his Visa card that charges 12.9 percent APR compounded monthly. In
    12·2 answers
  • how are all of your days so far i need someone to talk to btw i have a strict mom so if i dont answer stay there cuz she does no
    6·2 answers
  • The four types of promotion that are commonly used are personal selling, sales promotion, advertising, and relations. о O a) Pri
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!