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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

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Equilibrium in the market-place means that quantity supplied 'Qs' equals quantity demanded 'Qd'.
steposvetlana [31]

Answer:

P = 380

Explanation:

At equilibrium, we have:

Qs = Qd

Since Qs = 1,050 and Qd = 2,000 – 2.5P, we therefore have:

1,050 = 2,000 – 2.5P

We now proceed to rearrange and solve for P as follows:

1,050 - 2000 + 2.5P = 0

2.5P = 2,000 - 1,050

2.5P = 950

P = 950 / 2.5 = 950 ÷ 2.5

P = 380

Therefore, the equilibrium price 'P' is equal to 380.

5 0
3 years ago
When interacting with a customer who has a rational style and keeps communication brief, your best strategy is to
kakasveta [241]

The best strategy which a person should use when interacting with a customer who has a rational style and keeps communication brief is:

  • Ask open-ended questions to obtain information.

<h3>What is Communication?</h3>

This refers to the exchange of information between two or more people where feedback is given through a medium.

With this in mind, we can note that because the customer has a rational style and communicates in a straightforward manner, then the best strategy would be to ask open-ended questions to obtain information.

Read more about communication here:

brainly.com/question/26152499

3 0
2 years ago
The board of directors of Capstone Inc. declared a $0.80 per share cash dividend on its $1 par common stock. On the date of decl
erik [133]

Answer: Please see below for answer

Explanation: To calculate dividends, we use the formulae

Dividend =(Number of shares issued -treasury stock held) x Dividend per share =

where number of shares issued = $18,000

treasury stock held = 6000 shares

Imputing the values in formulae becomes

($18,000 - $6000) x 0.80 = 12,000 x 0.80 = $9,600

Journal entry to record declaration of dividends of Capstone Inc.

   Account                                              Debit             Credit

Dividend                                               $9,600

Dividend payable                                                       $9,600

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3 years ago
The by-product of making soap is _____, which is used in hand lotion, shaving cream, and some over-the-counter preparations.
Katena32 [7]
I think it is glycerin !!
4 0
3 years ago
Read 2 more answers
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