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3 years ago

The following information is reported for Kinney Corporation at the end of 2013.

Business

1 answer:

nexus9112 [7]3 years ago

4 0

Answer:

a. Compute the amount of retained earnings at the end of 2013.

With 621K in equip. With 495K in equip.

709.500 583.500

b what was its net income for 2013?

With 621K in equip. With 495K in equip.

Net Income 628.500 502.500

Explanation:

With 621K in equip. With 495K in equip.

- Accounts Receivable $103,500 103.500 103.500

- Supplies Inventory 40,500 40.500 40.500

- Equipment 621,000 495,000 621.000 495.000

765.000 639.000

- Accounts Payable 49,500 49.500 49.500

- Cash Common Stock 6,000 6.000 6.000

- Retained Earnings ? 709.500 583.500

765.000 639.000

Retainend earnings

Begining 135000 135000

Cas Dividens -54000 -54000

Retained earnings 709.500 583.500

Net Income 628.500 502.500

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Answer:

0.60

Explanation:

The midpoint formula is used to calculate elasticity by using average percentage in both price and quantity.

The formula is given below:

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Internal Environmental Analysis

Wittaler [7]

The analysis that you have been asked to examine is called SWOT Analysis. See the categorization below.

<h3>What is SWOT Analysis?</h3>

This is simply a situational analysis that considers the strengths, weaknesses, opportunities, and threats that a company might face in the execution of its business strategy.

Strength

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Threats

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brainly.com/question/20350382
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