Answer: Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be: $123000.
Explanation: First we must calculate the accumulated earnings to date with the equity equation: Assets = Liabilities + Equity
We know that equity is made up of capital + retained earnings.
If the asset is 195,000, the Liability 15,000 and the capital 60000
195000 = 15000 + 60000
195000 = 75000
195000 - 75000 = Retained earnings
$ 120000 = Retained earnings.
The result of the year is Income - expenses
226000 - 175000 = $ 51000.
Then the company's total earnings are retained earnings + Profit for the year = 120000 + 51000 = 171000.
We subtract the distribution of dividends and obtain the balance of the retained earnings account: 171000 - 48000 = $123000.
Answer:
Scott's investment is in his own property and not in a common enterprise
Explanation:
From the question, we are informed about Scott who invests money in fixing up his house, an endeavor that he expects will generate profits because he will be able to rent it out as a bed and breakfast run by his sister. In this case , it is not a security subject to federal regulation because Scott's investment is in his own property and not in a common enterprise. Securities regulation is a law in court like U S that protect transaction as well as other dealing involving security, when a company fully comply with the security regulation, litigation can be avoided by the business with private party as well as security commissioners
Answer:
1. Decrease, increase
2. Supply curve shifts to the right
3. NCO will rise
4. Real exchange rate falls and net exports rises
Explanation:
Fiscal deficit occurs when government spending's exceed government revenue. When the government lowers its export subsidies while keeping other spending's and taxes unchanged, it leads to a fall in the fiscal deficit.
1. However, the reduction in expenditure on export subsidies <em>decreases</em> the fiscal deficit, thereby <em>increases </em>public savings.
2. As public savings increase it leads to an increase in funds available to be loaned out. So the <em>supply curve</em> for loanable funds will <em>shift to the right</em> from S1 to S2. This will lead to a <em>fall</em> in the interest rate.
3. As we know that net capital outflow is inversely related to the interest rate. A fall in the interest rate above will lead to a <em>rise</em> in net capital outflow.
4. When net capital outflow increases, people move funds out of the country. Thus, supply of dollars will increase. While demand for dollars has remained unchanged, it leads to a<em> fall</em> in the real exchange rate. As exchange rate falls, the equilibrium level of net exports will <em>rise</em>.
Answer:
The correct answer is letter "C": safety needs.
Explanation:
American psychologist Abraham Maslow (1908-1970) proposed the Hierarchy of Needs often portrayed as a pyramid with five layers each one representing a need. According to Maslow, individuals cannot look for the satisfaction of other needs as long as the most basic needs are fulfilled first. Those needs are <em>physiological needs, safety needs, love </em>and <em>belonging, esteem, self-actualization.
</em>
<em>On the second layer, we find the </em>safety needs<em> related to the satisfaction of personal security, employment, resources, health, and property needs. Thus, people's paychecks represent safety needs in Maslow's Hierarchy of needs.</em>
Answer:
Gain= $6,350
Explanation:
Giving the following information:
Purchase price= $46,200
Salvage value= $6,300
Useful life= 4 years
<u>First, we need to determine the annual depreciation and the accumulated depreciation at the moment of the sale:</u>
<u />
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (46,200 - 6,300) / 4
Annual depreciation= $9,975
Accumulated depreciation= 9,975*2= $19,950
<u>If the selling price is higher than the book value, the company made a gain from the sale:</u>
Book value= 46,200 - 19,950= $26,250
Gain/loss= 32,600 - 26,250
Gain= $6,350
