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
mash [69]
3 years ago
11

Q 4.41: Pierson Industries has a beginning retained earnings balance of $42,500. An adjusted trial balance shows total expenses

of $97,300 and revenue of $104,800. If dividends for the year were $3,500, determine the ending retained earnings balance for the year.
Business
1 answer:
stealth61 [152]3 years ago
4 0

Answer:

=$46,500

Explanation:

Retained earning = beginning retained earning+ earnings - dividends.

For  Pierson Industries

Beginning retained earnings is $42,000

revenues are $104,800

expenses $97,300

Dividends paid out $3,500

Earning for the period will be revenue minus expenses

=$104,800 - $97,300=$7,500

retained earnings are the end of the year will be

= $42,500+$7,500 -$3,500

=$50,000 -$3,500

=$46,500

You might be interested in
How did you feel while you were discussing your inventories with your family members
Law Incorporation [45]
Felt pretty alright yo 
5 0
3 years ago
Which of the following is an authorization from the local government to carry on an enterprise?
jeka57 [31]
The correct answer is business license.

Business license is an authorization from the local government to carry on an enterprise.  Business license is needed by all operating businesses in all geographical location. Without a business license, an operating business can be closed down by government authorities with corresponding penalties.
3 0
3 years ago
Jane is 20 years old and is a sophomore at Lake University. She is a full-time student and does not have any gross income. Jane
OLga [1]

Answer:

c. Jane grandparents cannot claim her as a dependent because Jane provided more than half of her own support.

Explanation:

Based on the information given the statements regarding the dependency rules for Jane that is true is Jane grandparents cannot in any way claim Jane as a dependent reason been that Jane provided more than half of her own support due to the fact that she her s total support for is the amount of $30,000 which as well include a scholarship of the amount of $5,000 to help cover tuition in which Jane used the amount of $12,000 of her savings while her grandparents on the other hand only provided the amount of $13,000 out of the Total support of $30,000.

3 0
3 years ago
Your parents tell you that they must create a personal balance sheet. Explain what a personal balance sheet is and explain the t
Zinaida [17]
A balance sheet is an essential way to evaluate for a business. 2. Calculate Assets

Assets, money, investments and products the business owns that can be converted into cash: These are what put companies in the financial positive. A thriving company should have assets that are greater than the sum of its liabilities; this creates value in the company’s equity or stock, and opens up opportunities for financing.

It’s important to list your assets by their liquidity—the facility by which they can be turned into cash—starting with cash itself and moving into long-term investments at the end of the list. For the purpose of an annual balance sheet, you can separate your list between “Current Assets,” anything that can be converted into cash within a year or less, and “Fixed Assets,” long-term possessions that can be sold or that retain value down the line, minus depths and other things. 

3 0
3 years ago
Which statements describe a Treble Clef correctly? Pick Two
mariarad [96]

Answer: c and a

Explanation:

4 0
3 years ago
Other questions:
  • Intro to Investing Math Quiz
    5·1 answer
  • Andrew agrees to paint Rosalene's house for $500. Two days after he starts the job, he decides that $500 isn't enough money. He
    13·1 answer
  • Mervon Company has two operating departments: Mixing and Bottling. Mixing occupies 26,220 square feet. Bottling occupies 17,480
    12·1 answer
  • Use the cost information below for Ruiz Inc. to determine the total manufacturing costs incurred during the year:
    10·1 answer
  • Suppose that Rihanna sells​ 1,000 tickets to a concerts at​ $480 each. If the equilibrium price is​ $600 per ticket for a fixed
    8·1 answer
  • All of Armand's employees make the same amount of money but he thinks they lie to each other about how much they make. To stop t
    14·1 answer
  • According to the situational leadership theory developed by Hersey and Blanchard, followers’ readiness to be responsible for the
    12·1 answer
  • Contribution Margin Variance, Contribution Margin Volume Variance, Market Share Variance, Market Size Variance Sulert, Inc., pro
    10·1 answer
  • 3 td
    13·1 answer
  • An estate left the decedent's farm to eight grandchildren. Because no form of ownership was specified in the decedent's will, ea
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!