The Retained earning for White Corporation is $5,200 for the year ended December 31, 2012.
<h3>What is retained earning?</h3>
After deducting all of a company's overhead expenses, income taxes, and profits for shareholders, the amount of profit left over is known as retained earnings.
Following is the statement of retained earning for White Corporation-
Retained Earning $2,000
<u> less(Dividend) -$800</u>
Balance = $1,200
add(Net income) +$3000
<u>add (Rent Expense) +</u><u>$1,000</u>
Retained earning = $5200
Therefore, the Retained earning for the year ended on December 31, 2012 of White Corporation will be $5200.
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Prises fo thimgs arnt very high because the stores arnt as desprite for money
Between 30 and 90 days after the disability occurs
Answer:
A) $121,192
B) 4.5 years
Explanation:
A) The parents had $170,000, but gave $26,000 to Courtney, and spent $48,000 in vacations during for years.
For all purposes, the initial invested amount is now:
170,000 - 26,000 - 48,000 = 96,000
They invest that amount for four years under an interest rate of 6%. Using the future value of an investment formula, we can find the future value of this amount:
X = $96,000 (1 + 0.06)^4
X = $121,192
So, the answer for a) is $121,192
B) If each graduate school year costs $26,660, dividing the two numbers we obtain:
121,192 / 26,660 = 4.5
So you will be able to stay in graduate school for 4.5 years.
