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kicyunya [14]
3 years ago
11

The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. After closing entri

es are posted, what will be the balance in the Retained earnings account?
a) Total revenues $ 125,000
b) Total expenses 60,000
c) Retained earnings 80,000
d) Dividends 15,000
Business
1 answer:
Mama L [17]3 years ago
7 0

Answer:

The balance of retained earning is $130,000.

Explanation:

At the year end an adjusted trail balance is prepared, in which all the temporary accounts are closed and their balances are transferred to the permanent accounts. The adjusted trial balance must verify that debit and credit sides total is equal.

All the revenue and Expenses accounts are closed in Income summary account from where the net balance is transferred to the retained earning account.

Ending Balance of retained earning = Opening balance + Revenue - Expenses - Dividend

Ending Balance of retained earning = $80,000 + $125,000 - $60,000 - $15,000

Ending Balance of retained earning = $130,000

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Zinaida [17]

The beta of the new investment must be 1.098.

We need to use the concept of weighted averages to solve this problem.

We find the ratios of the dollar value of existing to the total new portfolio and additional investments to the total new portfolio and find the weights.

We then find the product of the beta of the existing portfolio and its respective weight calculated in the earlier step, with the given data.

We derive the product of the additional investment and beta by subtracting the answer from the earlier step from the new portfolio's beta (1.15).

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8 0
4 years ago
PLEASE HELP NOW
grin007 [14]

Answer:

Hedge funds

Explanation:

A mortgage is a long-term loan facility used to finance the purchase of homes and other properties. It is a long-term loan due to the high amount that needs to be borrowed. Customers in need of a mortgage facility may go to a bank, mortgage bankers, or savings and loan institution.

A hedge fund is a portfolio investment instrument. It is an association between a professional fund manager and investors. They pool their resources together in diversified investments. The investors are passive while the fund manager aggressively invests the funds r to generate higher returns to the investors.

6 0
3 years ago
Suppose that MUX = Y and MUY = X. The prices of good X and good Y are $5 and $4, respectively. How many units of good X does the
bagirrra123 [75]

Answer:

She consumes 41 units of good X.

Explanation:

Utility Maximization:

The maximum utility that a consumer derives from the use of a specified amount of a good or service.

Consumer M aximise the utility when following condition is satisfied.

MUx / MUy = Px / Py

Y / X = 5 / 4

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Using 4Y = 5X

thus, 5X + 4Y = 410

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6 0
2 years ago
If you make a mistake because you failed to read a contract before you signed it, the contracts will be what quzlet
Rudiy27
Ummm well it depending on the person who is forcing you to sign it or making you do it like for example like the tease you saying that if you sign it i will give you 1million dollars but after that you want your money back etc. and they said its too late cause you all already sign it and then you gonna go to court or the police or a lawyer for that.
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