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just olya [345]
3 years ago
11

Klein Interiors has the following account balances at the end of the year. Use only the appropriate accounts to prepare a balanc

e sheet.
Accounts Balances
Equipment $ 81,500
Accounts payable 13,600
Common stock 24,600
Service revenue 50,400
Cash 6,200
Retained earnings ?
Salaries expense 31,600
Notes payable 22,300
Business
1 answer:
Gemiola [76]3 years ago
5 0

Answer:

RE = 27,200

Explanation:

We will calculate the Retained Earnings using the accounting equation.

Assets = Liab + Equity

Assests:

cash               6,200

equipment  <u>  81,500  </u>

total assets;   87,700

Liabilities:

Account Payable 13,600

Notes Payable  <u>  22,300  </u>

Total Laibilities    35,900

Equity:

Common stock 24,600

RE: X

We will plug these values int o the accounting equatio nand solve for retained earnings.

Assets = Liab + Equity

87,700 = 35,900 + 24,600 + Retained Earnings

87,700 - 35,900 - 24,600 = RE

RE = 27,200

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______ is held to respond to the uncertainties in demand and supply levels.
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Answer:

Safety Stock.

Explanation:

Safety Stock is held to respond to the uncertainties in demand and supply levels because it is an additional amount of a product or material which is generally held in an inventory to mitigate or lessen the risk that a product or material will become out of

stock.

In Business management, the safety stock can be calculated using the following formula;

<em>Safety stock = (Md * Ml) - (Ad * Al) </em>

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3 years ago
A graph titled Change in U S Unemployment and Inflation from 1971 to 2001 has the year on the x-axis and percentage change on th
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Answer:

falling unemployment and rising inflation.

Explanation:

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5 0
3 years ago
Read 2 more answers
Francis Inc.'s stock has a required rate of return of 10.25%, and it sells for $57.50 per share. The dividend is expected to gro
aleksandrvk [35]

Answer:            ke = D1/Po + g

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            0.0425     = D1/57.50

                      D1    = 0.0425 x 57.50

                      D1    = $2.444

           

Explanation: Cost of equity is equal to dividend in 1 year's time divided by the current market price plus the growth rate. Other variables were provided in the question except the dividend at the end of the year (D1).

Thus, D1 becomes the subject of the formula. The appropriate cost of equity is $2.44. The correct answer is B.

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3 years ago
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Answer:

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To continue,<em> the second-degree price discrimination</em> establishes that companies price products differently based on the preferences of various groups of consumers and furthermore it is very common to <u>apply this type of discrimination through quantity discounts</u> and to add an example, is very common to use this strategy in <u>warehouse retailers such as Costco.</u>

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3 years ago
A kind of annuity that consists of cash flows of equal amounts occurring at regular intervals and that continues indefinitely is
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Payment is a type of annuity that comprises of equal financial flows that happen at regular periods and last forever.

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The goal of nationwide annuities is to increase your retirement income. They are long-term agreements with an insurance provider where you put money. You receive income in the form of recurring payments as compensation for your investment.

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to know more about annuity

brainly.com/question/25792915

#SPJ4

4 0
1 year ago
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