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vaieri [72.5K]
3 years ago
10

The following information is available for the Noir Detective Agency. After closing entries are posted, what will be the balance

in the Retained earnings account Net Loss $ 27,600 Retained earnings 294,000 Dividends 36,000
Business
1 answer:
nikdorinn [45]3 years ago
7 0

Answer:

$230,400

Explanation:

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

The ending balance of retained earning = Opening balance of retained earnings + net income - net loss - cash dividend paid

= $294000 - $27,600 - $36,000

= $230,400

We simply deduct the net income and the dividend from the beginning balance of retained earning so that the correct balance could come.

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The APR will increase quite substantially

Explanation:

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3 years ago
A municipal issuer official has lost her re-election campaign and has just left elected office. She is soliciting political cont
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Answer: Because the issuer official no longer holds elected office, the contribution limits of Rule G-37 do not apply.

Explanation:

Rule G-37 is a way to ensure that Municipal Issuers are not unduly influenced by those who donated to their campaigns to get into a position to become Municipal Issuers.

It prohibites for 2 years, Municipal Finance Professionals (MFP) amongst others from engaging in municipal securities business with a Municipal issuer.

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5 0
3 years ago
If you can invest $1,000 today and it will grow to be worth $1,350 over the next 6 years, what is the compound annual return you
Roman55 [17]

Answer:

5.13%

Explanation:

Given:

Worth of investment today (PV) = $1,000

Investment worth after 6 years (FV) = $1,350

Time period of investment (nper) = 6 Years

It is required to compute annual return (RATE). This can be computed using spreadsheet function =RATE(nper,-PV,FV).

Substituting the values, we get =RATE(6,-1000,1350)

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Present value is negative as it is a cash outflow.

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3 0
3 years ago
Planning involves ________.
kobusy [5.1K]

Setting goals and objectives is a part of planning.

Planning includes both the process of developing a plan and its accurate and timely execution.

Planning may be extremely helpful in avoiding mistakes and seeing possibilities. Good planning demonstrates management's familiarity with the company and their consideration of changes in "products," management, finance, and—perhaps most importantly—the external environment, which includes markets, competitors, users, and regulations. Planning aids in future prediction, future visibility, and the construction of a link between the present and this future.

To know more about planning.

brainly.com/question/25453419

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3 0
2 years ago
The Pet Store experienced the following events for the Year 1 accounting period:________.
pogonyaev

Answer:

I used an excel spreadsheet since there is not enough room here

Explanation:

         

Download pdf
6 0
3 years ago
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