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Korvikt [17]
4 years ago
13

Golden Enterprises started the year with the following: Assets $107,000; Liabilities $37,000; Common Stock $67,000; Retained Ear

nings $3,000. During the year, the company earned revenue of $5,700, all of which was received in cash, and incurred expenses of $3,350, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $1,700 to owners. Assume no other activities occurred during the year. The amount of Golden's retained earnings at the end of the year is:
Business
1 answer:
Tema [17]4 years ago
6 0

Answer:

$3,650

Explanation:

Given that,

Assets = $107,000;

Liabilities = $37,000;

Common Stock = $67,000;

Retained Earnings = $3,000

Amount of net income:

= Revenue - Expenses

= $5,700 - $3,350

= $2,350

Closing retained earnings:

= Retained earnings at the start + Current year net income - Dividends paid

= $3,000 + $2,350 - $1,700

= $3,650

Therefore, the Golden's retained earnings at the end of the year is $3,650.

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The ACC Tutoring Service provides tutoring to accounting students.
anzhelika [568]

Answer:

$17,500

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per hour = (High tutoring cost - low tutoring cost) ÷ (High service hours - low service hours)

= ($125,000 - $55,000) ÷ (4,300 hours - 1,500hours)

= $70,000 ÷ 2,800 hours

= $25

Now the fixed cost equal to

= High tutoring cost - (High service hours × Variable cost per hour)

= $125,000 - (4,300 hours × $25)

= $125,000 - $107,500

= $17,500

5 0
4 years ago
Larger financial institutions now offer a wide range of services under one roof, from banking to stock trading. These institutio
Sholpan [36]

Answer:

The correct answer is E. Share of customer.

Explanation:

Customer participation reflects the way in which customers take part in the process and the degree to which they participate. It is especially important for many service processes, particularly if the contact with the customer is (or should be) high. A good starting point to increase customer participation is to make the process more visible to the customer. Allowing customers to see what normally remains hidden from their view is part of Harvey’s service design, a Canadian chain of fast food restaurants. There you can see the workers in a sanitary and orderly workplace roasting the meat, and one can choose the type of additional ingredients you want. An even bolder step is to allow customers to participate in selected backroom processes, in order to turn them into shown processes.

5 0
4 years ago
_____ should support the organization strategy, support the work flow and motivate behavior toward organization objectives.
stich3 [128]

<u>The pay structure </u>should support the organization strategy, support the workflow and motivate behavior toward organization objectives.

<h3>What do you mean by organization strategy?</h3>

An organization strategy is defined as the strategy that include long -term as well as the short-term plans based on how the organization use its resource to support activities and growth.

Furthermore, the pay-structure of every company can helpfully define the organization strategy, support the workflow in the company. Based upon pay structure, the promoters of organizations make a decision regarding the how to motivate the employees for better earnings.

Adding to it, organizational strategy establishing the priorities and setting the direction for our business. It clarifies the path of success and also set the prioritizes that are needed.

Learn more about Pay structure, refer to the link:

brainly.com/question/16006633

#SPJ4

6 0
2 years ago
List and describe the three variables that contribute to overall ad effectiveness.
liberstina [14]

Answer:

As indicated in your reading in week 6, the overall effectiveness of an ad is a combination of three variables. List and describe these three variables.

Explanation:

a

b

c

6 0
3 years ago
2.22 pts
RSB [31]

Answer:

A trade off or it may be D opportunity at the maegin

7 0
3 years ago
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