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
Liono4ka [1.6K]
4 years ago
9

A​ company's balance of retained earnings on January 1 was $ 20 million. During the​ year, sales revenue was $ 70 ​million, whil

e expenses totaled $ 30 million. The company declared and paid $ 6 million in cash dividends during the year. What was the balance of retained earnings at the end of the​ year?
Business
1 answer:
Lana71 [14]4 years ago
8 0

Answer:

$54 million

Explanation:

The computation of the  balance of retained earnings at the end of the​ year is shown below:

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

= $20 million + $40 million - $6 million

= $54 million

The net income is

= Sales revenue - expenses incurred

= $70 million - $30 million

= $40 million

You might be interested in
Feldspar, Inc. started the year with 200 units in the Finished Goods Inventory account. It produced 600 units during the year an
Ivanshal [37]

Answer:

A. its operating income for the period will be higher than under absorption costing

Explanation:

As we know that

Under absorption costing, the fixed cost is divided on the number of units produced

And under the variable costing, the fixed cost is considered as a cost selling of goods so the absorption costing method will be lower than the value of finished goods.

As per the question, the started finished goods will help and sell the whole production and starting balance that means under absorption costing of goods which is to be sold is much than variable costing.

3 0
3 years ago
Sophia's family is growing, and she needs to buy a bigger car by financing it for five years. Why is it important for her to che
GalinKa [24]

Answer:

To verify the accuracy of his rental history

Explanation:

Based on the scenario in the question, it is it important for Christian to check the information recorded on his credit report so as to verify the accuracy of his rental history.

He has to verify his rental history so as to know if there's a mistake or if the details written are not correct. To apply for the mortgage, he needs to ensure that the details are correct.

Explanation:

4 0
3 years ago
______ helps managers understand work flow, select the best applicants for jobs, improve employees' job performance, and ensure
Amiraneli [1.4K]

Managers need to understand the possible dangers associated with a job to ensure work is being done safely. Understanding job requirements is critical to making intelligent hiring decisions.

<h3>What is Managers?</h3>

A manager is a qualified someone who leads an organization and oversees a group of workers. Managers frequently oversee a certain department within their organization. There are many different kinds of managers, but they typically have responsibilities including making decisions and conducting performance reviews.

A manager is responsible for tasks like staffing, directing, controlling, and planning. All of these tasks are crucial for successfully managing an organization and accomplishing corporate goals. Setting goals and developing techniques for synchronizing activities both involve planning.

A business manager is responsible for managing and directing the activities and personnel of a company. They carry out a variety of duties, such as implementing business strategy, assessing business performance, and managing staff, to ensure the productivity and efficiency of the company.

to know more follow Managers the link:

brainly.com/question/24553900

#SPJ4

8 0
2 years ago
Ferret boy names NO HUMAN NAMES (chase, rick, bob, george, etc)
DaniilM [7]

Answer:

jimmy

Explanation:

just bc i said so its funny and cute

8 0
3 years ago
Read 2 more answers
How does your credit score affect the price you pay for insurance? Discuss at least two methods for improving your credit score.
kodGreya [7K]
Get the app credit carma and got to glivinski n' associates
6 0
3 years ago
Other questions:
  • The following information pertains to Maynard Corporation’s income statement for the 12 months just ended. The company has an ef
    5·1 answer
  • When an instructor identifies an academic integrity violation within the classroom, the instructor has the option to report this
    14·1 answer
  • In a QSPM​ analysis, would it ever be appropriate or useful for a company not to include a weight column at​ all, but rather tot
    10·1 answer
  • Identify the careers that require a college degree and those that require technical training.
    15·1 answer
  • The management of McCord Corp. makes an announcement that the top three employees of the firm will be rewarded with expensive gi
    9·1 answer
  • Company A estimates that it needs 30% of sales in net working capital. In year 1, sales were $1 million and in year 2, sales wer
    5·1 answer
  • _____ involves a type of quantitative research that systematically manipulates one or more variables to determine which variable
    13·1 answer
  • Tesla, a vehicle manufacturer, incurs the following costs.
    6·1 answer
  • A telephone company is considering building a new automated switching distribution substation with a useful life of 20 years to
    11·1 answer
  • Explain how farmers' economic choices were affected by the scaricity of the resources.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!