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lyudmila [28]
3 years ago
15

Keepers, Inc.'s balance sheet reported retained earnings as $10,000 at December 31, 2017 and $12,000 at the December 31, 2018. T

he income statement reported net income of $3,000 for the year ended December 31, 2018. Dividends declared for the year ended December 31, 2018 must equal $ .
Business
1 answer:
Aleks04 [339]3 years ago
3 0

Answer:

Dividends declared for the year ended December 31, 2018

must equal $ 12.000

Explanation:

Please see details below:

Retained Earnings Report  

Opening retained earnings $ 10.000

Add: Net Income $ 3.000

Subtotal $ 13.000

Less: Dividens -$ 1.000

Ending retained earnings $ 12.000

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Sunland Company had the following two transactions related to its delivery truck. 1. Paid $38 for an oil change. 2. Paid $564 to
Jobisdone [24]

Answer:

  • 1. Paid $38 for an oil change.

$38 Maintenance Expenses  - DEBIT

$38 Cash - CREDIT

  • 2. Paid $564 to install special shelving units, which increase the operating efficiency of the truck.

$564 Delivery Trucks - DEBIT

$564 Cash - CREDIT

Explanation:

1. Paid $38 for an oil change  

$38 Maintenance Expenses  - DEBIT

$38 Cash - CREDIT

An oil change it's just an expenses of maintenance, which goes as General Expenses directly to the Income Statement.  

 

2. Paid $564 to install special shelving units, which increase the operating efficiency of the truck.  

$564 Delivery Trucks - DEBIT

$564 Cash - CREDIT

The installations of shelving units it's an improvements in the company's fixed assets, therefore, assets improvements are activated as fixed assets in the non-current assets section of the balance sheets.  

6 0
3 years ago
Which fact supports the idea that renting is a good
kipiarov [429]

The fact that support the idea that renting is a good is Landlords take care of most maintenance.

<h3>What is renting?</h3>

Renting refers to an agreement where a payment is made for the temporary use of a good, service or property owned by another.

It is obtaining a owner's property, in return for regular payments.

Hence, the fact that support the idea that renting is a good is Landlords take care of most maintenance.

Learn more about renting here : brainly.com/question/13393299

#SPJ1

3 0
2 years ago
Andy deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Barb also deposited $3,000
fiasKO [112]

Answer:

Barb will earn interest on interest yes because she don't retire the interest

Explanation:

a. Barb will earn compound interest both will aearn compound interest.

b. Barb will earn more interest the first year than Andy both are compound annualy. The first year both will earn the same amount of interest.

c. Barb will earn interest on interest yes because she don't retire the interest and reinvest it.

Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan

d. After five years, Andy will have more money in his account than Barb. No because he spend his interest.

e. Andy will earn more interest the first year than Barb both are compound annualy. The first year both will earn the same amount of interest.

3 0
4 years ago
How do I make ice cream
dedylja [7]
Stir sugar, cream and milk into a sauce pan over low heat until sugar has dissolved  Heat just until mix is hot and a small ring of foam appears around the edge. 2. Transfer cream mixture into a pour able container such as a large measuring cup. Stir in vanilla extract and chill mix thoroughly, at least two hours. 3. pour cold ice cream mix into an ice cream container, turn on the machine, and churn according to the manufacturers directions.  20 to 25 min. 4. When ice cream is softly frozen, swerve immediately or place a plastic wrap  directly on the ice cream and place in freezer to ripen, 2 to 3 hrs <span />
8 0
3 years ago
Read 2 more answers
Which of the following has the biggest impact on consumer goods during war times?
amm1812
<h3><u>Full question:</u></h3>

Which of the following has the biggest impact on consumer goods during war times?

a. Consumers deferring purchases in hopes of a better deal

b. High interest rates

c. Low inflation

d. High inflation

<u>Answer:</u>

The biggest impact on consumer goods during war times was High inflation

<u>Explanation:</u>

Inflation raised during or as an immediate outcome of these struggles of stock markets endured dull subsequent termination of the war. The government demanded to execute price and wage restrictions in acknowledgment of inflation which had risen due to the extra inducement that was generated by government spending.

Distinctly, both using and financing continued building subsequent the war; nevertheless, the growth was beneath the course rate before the war.  Prices, influenced by the rate of inflation, commonly affect consumer spending on goods significantly.

6 0
3 years ago
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