Answer:
The Supply Curve is upward-sloping and to the right because firms always seek to do what?
Maximize Profits
Explanation:
Every firms always seek to maximize profit, firms determines the price of goods to be sold and every firms ensures profit is maximized before any other things comes to play.
Despite that an amount of $2,400 is known for retained earnings, the amount of cash dividends that the company is able to pay cannot be determined.
<h3>What is retained earnings?</h3>
Retained earnings means the profit generated and set aside for the company's future purpose.
The amount of Retained earnings does not reflects the cash dividends paid to shareholders.
In conclusion, despite that an amount of $2,400 is known for retained earnings, the amount of cash dividends that the company is able to pay cannot be determined.
Read more about <em>retained earnings</em>
<em>brainly.com/question/25631040</em>
Answer:
The government needs to revamp the Social Security program to make it sustainable.
Explanation:
Normative economics consists in the belief in the normalization of market events through interventions in legislation. Among the options, the only alternative that denotes a normative character is that states that the government needs to renew the Social Security Program to make it sustainable. The other alternatives have more informational character - not normative.
Answer:
Statement of owners equity
Investments in Business $5,000
Withdrawals $300
Net profit $1,307
Equity at end $6,007
Explanation:
Income Statement
Revenue $5,100
Cost of Sales $1,300
Gross profit $3,800
Other expenses:
Rent expense $700
Insurance Expense $142
Wages Expense $1,500
Advertising expense $60
Utilities $39
Repairs $52
Net profit $1,307