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Oxana [17]
3 years ago
11

The beginning and ending balances of retained earnings for the year were $55,000 and $82,000, respectively. If dividend payments

during the year were $8,000, determine the net income or net loss for the year.
Business
1 answer:
bonufazy [111]3 years ago
4 0

Answer:

$35,000

Explanation:

We can use the following simple formula:

Beginning retained earnings balance = Ending retained earnings balance − Net Income + Dividends

Therefore,

Net Income = Ending retained earnings balance -  Beginning retained earnings balance + Dividends

Net Income = $82,000 - $55,000 + $8,000

Net Income = $35,000.

Therefore, net income is equal to $35,000.

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Susan williams runs a small flagstaff job shop where garments are made. the job shop employs eight workers. each worker is paid
slavikrds [6]

Labour Productivity is basically the worth of goods produced by each labour or collectively in an hour, This can be expressed in the formula below:

Labour Productivity per hour of work=\frac{Worth of Goods Produced}{Total Number of Labour Hours}

In order to find worth of goods we shall use below Formula:

Worth of Goods= Sale Price per Unit*Number of Units Sold

In given case there are 2 types of goods sold as below

1. Proper Garments

Worth of Goods Sold= $210*78 Garments

Worth of Goods Sold=$16380

2. Seconds

Worth of Goods Sold= $100*54

Worth of Goods Sold= $5400

Total Goods Sold= $5400+$16380

Total Worth of Goods=$21780

Total Hours Worked= No of Workers*Hours Worked each Worker

Total Hours Worked= 8*45

Total Hours Worked=360 Hours

Labour Productivity=\\ \frac{21780}{360}

Labour Productivity=$60.5 per Hour


3 0
3 years ago
A rational person does not act unless a. the action makes money for the person. b. the action is ethical. c. the action produces
Natali [406]

Answer:

d. the action produces marginal benefits that exceed marginal costs.

Explanation:

The rational person is the person who takes the decision with keeping in mind about its future events and in practicable in nature instead of the emotional nature

When a company earns a net income, its revenue is more than its cost

So a rational person does not act unless when the action generates the marginal benefits that are exceeded from the marginal cost.

3 0
3 years ago
Jena is a full-time undergraduate student at State University and qualifies as a dependent of her parents. Her only source of in
liq [111]
A. 3,000 that’s your answer
7 0
3 years ago
Most licensed architects are members of which association? A. ACSA B. AIA C. NAAB D. NCARB E. NVOB
Rasek [7]

Answer: It is B. AlA

Explanation:ALA is open to all architects and professions related to architecture. Our members hold individual memberships and specialize in all types of architecture.

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3 years ago
What is Target's Packaging Pricing Policy at Target provides a lot of deals for
Umnica [9.8K]

Target's Packaging Pricing Policy at Target provides a lot of deals such as A. Buy one get one free.

<h3>What is the Packaging Pricing Policy at Target?</h3>

The Packaging Pricing Policy at Target is one of the pricing strategies that Target uses to reward its customers and get them to buy more goods and products.

It involves buying a product and getting another free. Sometimes it also involves buying two products to get one free. This encourages a customer to buy a product so that they can get the other for free.

Find out more on pricing strategies at brainly.com/question/20927491

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