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
serious [3.7K]
3 years ago
15

Sheridan Company began the year with retained earnings of $659000. During the year, the company recorded revenues of $600000, ex

penses of $380000, and paid dividends of $141500. What was Sheridan retained earnings at the end of the year?A. $1131500B. $600000C. $737500D. $1017500
Business
1 answer:
Margarita [4]3 years ago
3 0

Answer:

C. $737,500

Explanation:

The formula to compute the ending balance of retained earning is shown below:

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

= $659,000 + $220,000 - $141,500

= $737,500

The net income is calculated below:

= Sales revenues - expenses

$600,000 - $380,000

= $220,000

You might be interested in
Three years ago, Charles purchased a health policy from the QRS Company; he has purchased two additional contracts from the same
ikadub [295]

Answer: a. Only one policy will pay, the premiums for the other contracts will be returned.

Explanation:

When there are multiple insurance contracts from the same insurer and these contracts have a ''Other Insurance With This Insurer'' provision, it means that in cases where the insured wants to claim, they can choose whichever of the policies they want and that one will pay out but they cannot pick them all.

The premiums paid on the other contracts/s will be returned to the insured because it represents excess coverage.

5 0
3 years ago
T Company expects to incur the following per unit costs for 1,000 units of production: Direct materials of 4 pounds per unit at
Vladimir [108]

Answer:

Total overhead =  = $7,500

so here correct option is E. $7,500

Explanation:

given data

production = 1,000 units

direct labor = ¼ hour @ $24 per hour

variable overhead = 75 % of direct labor

fixed overhead = $3,000

to find out

total amount of overhead

solution

we first find Direct labor that is

Direct labor = ¼ × 24

Direct labor = $6

so

Total overhead will be here

Total overhead = Variable overhead + Fixed overhead     .................1

now put here value we get

Total overhead = ($6 ×  75% ) × 1,000 + $3,000

so

Total overhead =  = $7,500

so here correct option is E. $7,500

8 0
3 years ago
A rule that all employees in the organization (including the ceo) must fly coach when they travel on commercial airlines represe
Eva8 [605]
The word that completes the sentence is bureaucratic. bureaucratic control is one of the control systems that are defined as systems of rules that are devised and implemented that are applicable to global business and maybe unique to a specific business. it is an important tool for risk management as well. 
5 0
3 years ago
What is codetermination?
valina [46]

Answer:

The answer is b.The inclusion of a corporation's employees on its board

Explanation:

Co determination involves  employees being legally allocated control rights over corporate assets through seats on the supervisory board (the board of non executive directors). The supervisory board oversees the management board (board of executive directors)  approving or rejecting its decisions, and appointing its members and setting their salaries.

7 0
3 years ago
Suppose the monopolist is thinking about charging men a 10% higher price. if the monopolist does so, the quantity demanded by me
vovikov84 [41]
It would not fall at all. Monopolists own the entire industry meaning the consumers have no alternatives. If they have no alternative they have no choice but to buy even if the price increases
5 0
3 years ago
Other questions:
  • He type of company that sells securities specializing in real estate ventures, and requires a minimum of 100 investors, is known
    9·1 answer
  • What are your special skills characteristics that are related with your business?
    11·1 answer
  • LO 4.2Which document lists the inventory that will be removed from the raw materials inventory?
    5·1 answer
  • How to calculate APS?
    11·1 answer
  • A spending variance is the difference between the amount of the cost in the static planning budget and the amount of the cost in
    5·1 answer
  • Bingerton Industries uses a perpetual inventory system. The company began the year with inventory of $77,000. Purchases of inven
    13·1 answer
  • Of the 6.25 billion people in the world, 310 million live in North America. What percent of the world's population lives in Nort
    13·1 answer
  • The effect of higher wages on the individual supply of labor is ________ and the effect of higher wages on the market supply of
    8·1 answer
  • Downtown Stores can issue equity at a flotation cost of 8.76 percent and debt at 5.93 percent. The firm currently has a debt-equ
    9·1 answer
  • What two accounting equalities must be maintained in transaction analysis?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!