1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mumz [18]
3 years ago
6

At the end of Year 2, retained earnings for the Baker Company was $3,500. Revenue earned by the company in Year 2 was $1,500, ex

penses paid during the period were $800, and dividends paid during the period were $500. Based on this information alone, retained earnings at the beginning of Year 2 was: Multiple Choice A.$2,800 B. $3.800 C.$3,700 D.$3.300
Business
1 answer:
Vitek1552 [10]3 years ago
3 0

Answer:

<em>D. $3.300</em>

Explanation:

Beginning Retained Earnings + Revenue − Expenses − Dividends = Ending Retained Earnings

Beginning Retained Earnings + $1,500 − $800 − $500 = $3,500 Beginning Retained Earnings = $3,300

Therefore the answer is<em> </em><u><em>D $3 300</em></u>

You might be interested in
Fargo Company's outstanding stock consists of 400 shares of noncumulative 5% preferred stock with a $10 par value and 3,000 shar
DIA [1.3K]

Answer:

The correct option is a. $200 preferred; $19,800 common.

Explanation:

These can be calculated as follows:

Dividends paid to preferred shareholders in 2015 = Number of outstanding shares of noncumulative preferred stock * Preferred stock par value * Dividend percentage of preferred stock = 400 * $10 * 5% = $200

Dividends paid to common shareholders in 2015 = Dividend declared and paid in 2015 - Dividends paid to preferred shareholders in 2015 = $20,000 - $200 = $19,800

Therefore, the correct option is a. $200 preferred; $19,800 common.

5 0
3 years ago
Reuse of large amounts of copyrighted film in a documentary would not constitute a copyright infringement.
Kobotan [32]

Answer:

B. False

Explanation:

I majored in Business

6 0
3 years ago
If manufacturing overhead has been underallocated during the period, then which of the following is true?(a) the jobs produced d
Alecsey [184]

Answer:

The correct answer is B: the jobs produced during the period have been under-costed

Explanation:

Giving the following information:

If manufacturing overhead has been under-allocated during the period, then which of the following is true?

(a) the jobs produced during the period have been over-costed

(b) the jobs produced during the period have been under-costed

(c) the jobs produced during the period have been costed correctly

(d) none of the above

When manufacturing overhead has been under-allocated means that the actual costs incurred where superior that the estimated cost for the period.

7 0
3 years ago
n​ 2007, an unseasonably dry spring led to a sharp decline in the quantity harvested of black​ morels, a wild mushroom found thr
Alexeev081 [22]

Answer:

Increase; fall

Explanation:

Due to the slightly above normal rainfall levels which led to a large black morel harvest, <em>the supply of the commodity will increase</em>.

However, since demand for the commodity is expected to remain the same as it was in 2007 despite the increase in supply, <em>the equilibrium price is expected to fall</em> as supply exceeds demand.

4 0
3 years ago
In early November, department stores like Robinsons-May begin to prepare for upcoming holiday sales. Retail stores often make 25
Burka [1]

Answer:

Motivation

Explanation:

Motivation in an organization is a process of e<u>ncouraging employees to perform at higher levels and thereby increase productivity, to increase the chances of the organization achieving its goals and making more profit</u>.

Nancy Cardigan, the General Manager of Robinsons-May, intends to incite her sales associates and get them excited about the upcoming holiday season that comes with an opportunity for increased sales. Therefore she calls a meeting with a purpose of motivating them.

5 0
4 years ago
Other questions:
  • The marginal product of labor is 110 cups for the first worker, 90 cups for the second worker, and 70 cups for the third worker.
    9·1 answer
  • A woman cut her own fabric and sewed her own dress in the
    6·1 answer
  • Ulie is a single mother who recently lost her job. she would like to obtain training in the medical field in order to increase h
    14·1 answer
  • If a display rack was purchased for the store, which account would be increased
    15·1 answer
  • A married couple filing a joint tax return with combined income under $40,000 both contribute to their self-directed IRAs. Which
    10·1 answer
  • Is a college education worth the price today? college tuition has almost doubled in the last twenty years. more than half of all
    10·1 answer
  • Selected data of Islander Company follow: As of December 31, Balance Sheet Data 20X1 20X0 Accounts receivable $ 500,000 $ 470,00
    8·1 answer
  • The required retention period for Emerald Card log sheets or scanned images is current tax season plus:
    5·1 answer
  • Shanken Corp. issued a bond with a maturity of 30 years and a semiannual coupon rate of 6 percent 4 years ago. The bond currentl
    5·1 answer
  • For each of the following scenarios involving the U.S. government, determine the primary function of government that is being se
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!