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
mojhsa [17]
3 years ago
11

QP Corp. has a beginning retained earnings balance of $16,000. An adjusted trial balance shows total expenses of $24,000 and ser

vice revenue of $28,000. If dividends for the year were $1,800, determine the year-end retained earnings to be reported on the Statement of Retained Earnings.
Business
1 answer:
valentina_108 [34]3 years ago
3 0

Answer:

$18,200

Explanation:

The computation of the year end retained earning balance is shown below:

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

where,

Net income equals to

= Service revenue - total expenses

= $28,000 - $24,000

= $4,000

So, the retained earning ending balance would be

= $16,000 + $4,000 - $1,800

= $18,200

You might be interested in
A businessperson is setting up a new automatic car wash and is choosing between two fully automated machines. The first machine
Grace [21]

Answer:

i wil do it asap asap

Explanation:

asap asap

5 0
3 years ago
In this question, assume that all variables other than price and quantity are held constant. At Betty's Burgers, the hamburgers
Akimi4 [234]

Answer:

Answer for the question:

In this question, assume that all variables other than price and quantity are held constant. At Betty's Burgers, the hamburgers have a price elasticity of demand-: 305 and Betty has increased sales by 85.00%.

Betty must have changed her price by

Due to the price change, Betty's total revenue will

Patty's Putts increased the price of a round of miniature golf by 76,0%, Patty has calculated her price elasticity of demand at 0.57. She can expect the number of golfers to

Patty can expect the number of golfers to change by

Patty can expect her total revenue to

is given in the attachment.

Explanation:

3 0
4 years ago
Read 2 more answers
All new employees must first complete a six-week training program.
fgiga [73]
Yes they should because it takes time to learn new things at a new job
7 0
3 years ago
Based on the following data, what is the amount of current assets? Accounts payable……………………………………………………….. $62,000 Accounts rece
Vlad1618 [11]

Answer:

The amount of current assets are $252,000

Explanation:

Current assets: The current assets are those assets who are converted into cash within one year. Like - accounts receivable, cash, inventory, prepaid insurance, etc.

The total amount of the current assets are shown below:

= Accounts receivable + Cash + Inventory +  Short-term investments + Prepaid insurance

= $100,000 + $70,000 + $80,000 + $2,000

= $252,000

The other items represent current liabilities, long term liabilities, intangible assets, and the fixed assets so, we do not consider them in the computation part.

4 0
3 years ago
In a 1927-32 Western Electric Company study on the effect of lighting on worker productivity, productivity increased with each i
Kisachek [45]

Answer:

The answer is: B) the placebo effect

Explanation:

The placebo effect occurs when people experience a benefit after an inactive substance or treatment is administered to them. The Hawthorne Experiment led to a variation of the placebo effect which is called the Hawthorne Effect.

The Hawthorne Effect occurs when the study subjects respond to the mere attention paid to them by the study personnel. The study subjects react positively just because they are being part of an experiment.

5 0
3 years ago
Other questions:
  • Of the value creation activities in a company, which of the following is concerned with the design of products and production pr
    5·2 answers
  • Ou are new. your manager is giving you lots of instructions for tasks she wants done. she is speaking so quickly and telling you
    11·1 answer
  • A factor of production that is produced in order to produce something else is called
    13·1 answer
  • The __________ is a regional trade agreement that liberalizes trade between countries more than any other such agreement.?
    6·1 answer
  • The statement "Bond prices vary inversely with changes in the market rate of interest" means
    15·1 answer
  • Moe has a big exam tomorrow. He considered studying this evening, but decided to go out with Curly instead. Since Moe always cho
    13·1 answer
  • Excerpts from Dowling Company's December 31, 2018 and 2017, financial statements and key ratios are presented below (all numbers
    7·1 answer
  • What is the best indicator that a training and development program was worth the investment?
    6·1 answer
  • Honi is not a resident of Iowa although her website can be accessed by residents of that state. Jean files a suit against Honi i
    8·1 answer
  • The method ____ of the interface list returns the element in the list at the position specified by index.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!