Answer: $26,000
Explanation: Retained earnings could be defined as that portion of a company's earnings that hasn't been distributed to shareholders as dividends. It is reserved as working capital, clear outstanding liabilities and general running of the business.
Retained Earning is calculated using the formula :
Retained Earning (RE) = beginning retained earning + Net income - dividend
Since the company just started (1st month), there was no previous retained earning.
Therefore,
RE = Net income - dividend
RE = $30,000 - $4,000 = $26,000
Answer:
Proactive Stance
Explanation:
In business, Proactive Stance means that you take a precautions to handle the events that might occur in the future.
Maintaining loyal customers base and good core values tend to require higher cost for the company. since it has to put more investment in high level customers service or high quality materials.
But, in the long run, this will be beneficial for the company. Loyal customers tend to be the least likely to switch to another product. Not only that, if in the future company made a mistake that damage its reputation, loyal customers tend to be more forgiving. This is why maintaining loyal customers base tend to be considered as a proactive stance.
Answer:
1. Manufacturing
2. Service
3. Merchandising
4. Manufacturing
5. Hybrid type of business
Explanation:
I'm not sure about my answers but- they are based on logic if you look closely at each picture
¯\_(ツ)_/¯
Answer:
120 pounds
Explanation:
Data provided in the question:
Plastic required to meet the production needs of a small toy = 100 pounds
Current plastic inventory = 10 pounds
Desired ending inventory = 30 pounds
Now,
The plastic to be budgeted for purchasing
= Plastic required to meet the production needs - Current plastic inventory + Desired ending inventory
= 100 pounds - 10 pounds + 30 pounds
= 120 pounds
Answer: $1,495.92
Explanation:
The amount you plan to borrow from the bank is:
= Cost of house - down payment
= 127,242 - 30,313
= $96,929
The amount to be paid is constant and so is an annuity. The loan amount is the present value of this annuity.
Term = 20 * 12 = 240 months
Interest = 18% / 12 = 1.5% monthly
Present value of annuity = Annuity * ( 1 - (1 + rate) ^-number of periods) / rate
96,929 = Annuity * (1 - (1 + 1.5%) ⁻²⁴⁰) / 1.5%
96,929 = Annuity * 64.79573209
Annuity = 96,929 / 64.79573209
= $1,495.92