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
Mora, an American jewelry manufacturing company, wants to import diamonds from Renoria, an Asian country. However, the officials
Aleksandr-060686 [28]

Answer:

legal differences

Explanation:

According to my research on different barriers of entry, I can say that based on the information provided within the question Mora is most likely facing the barrier of legal differences. This can be said because American businesses are prohibited from offering bribes, therefore making what the other company wants illegal, even though in Asia it might not be illegal.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
In some industries, the labor productivity of union workers exceeds the labor productivity of nonunion workers. Which of the fol
luda_lava [24]

Answer:

Labor union enable workers to voice concerns about working conditions and safety issues, making them more confident and less intimidated by their employers and thus more productive.

Labor unions foster a more stable work force, decreasing turnover.

Unions are always more efficient than firms at discerning which workers are highly skilled and which are not.

Explanation:

Labor unions improve productivity by improving employee satisfaction, decreasing turnover and attracting trianed skilled labor

7 0
3 years ago
________ occurs when an agency, rather than acting in the public interest, becomes too favorable toward the organized interests
Luda [366]

When an agency acts in the interests of corporations it is meant to be regulating, this is called Regulatory capture.

<h3>What is regulatory capture?</h3>

In order to ensure that corporations don't act in ways that threaten the public, regulatory agencies are tasked with moniotirung their moves.

When these agencies stop regulating these companies and instead becomes favorable to them, then the agency has been captured in what is called regulatory capture.

Find out more on regulatory capture at brainly.com/question/16180695.

#SPJ12

7 0
2 years ago
Cypress Oil Company's December 31, 2021, balance sheet listed $855,000 of notes receivable and $22,500 of interest receivable in
ch4aika [34]

Answer:

1. Determine the rate used to discount the noninterest-bearing note.

face value of the notes receivable = $400,000 + $260,000 + $200,000 = $860,000

carrying value = $855,000

difference = $860,000 - $855,000 = $5,000

6 month note, so total interest = $10,000

yearly interest = $10,000 x 2 = $20,000

interest rate = $20,000 / $200,000 = 10%

2. Determine the explicit interest rate on Note 2. (Round your intermediate calculations to the nearest whole dollar amount.)

total accrued interest = $22,500

interest on note 1 = $16,000

interest on note 2 = $6,500 (six months worth of interest)

total yearly interest = $13,000

interest rate = $13,000 / $260,000 = 5%

3. What is the amount of interest revenue that appears in the company’s 2021 income statement related to these notes?

total interest = $22,500 + $5,000 = $27,500

7 0
3 years ago
Why is saving for education sometimes harmful when filling out a FAFSA for student aid?
guapka [62]
I am not really sure how to answer that.
8 0
3 years ago
Other questions:
  • Angel's bank statement shows a closing balance of $109.22. There are no outstanding checks or deposits. Her checkbook shows a ba
    14·1 answer
  • During finals week, students arrive randomly at the help desk of the computer lab. There is only one technician due to budget cu
    5·1 answer
  • The Larson and Gobeli study that compared projects that had been managed in a variety of structural types revealed that new prod
    9·1 answer
  • The Two Dollar Store has a cost of equity of 11.9 percent, the YTM on the company's bonds is 6.2 percent, and the tax rate is 40
    5·1 answer
  • A contribution income statement for the Nantucket Inn is shown below. (Ignore income taxes.) Revenue $ 2,000,000 Less: Variable
    10·1 answer
  • Jobs in the hidden job market can be discovered through job advertisements t or f
    9·2 answers
  • How does specialization affect an economy more efficient?
    14·1 answer
  • When sales are made in a local Walmart, the sales data is sent to Walmart headquarters where the data are used to build a pictur
    8·1 answer
  • What do you do if your lender rejects your loan application
    8·1 answer
  • In 2003, the fraudulent accounting practices at ____________, a Houston-based energy company, was the largest of several busines
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!