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Sati [7]
3 years ago
9

Instruments had retained earnings of at December​ 31, . Net income for totaled ​, and dividends declared for were . How much ret

ained earnings should report at December​ 31, ​?
Business
1 answer:
Oxana [17]3 years ago
6 0

Answer:

B. $ 490,000

Explanation:

According to the given situation, the computation of retained earning in the year end is shown below:-

Ending retained earning = Beginning Retained Earnings + Net Income for the year - Dividend

= $360,000 + $180,000 - $50,000

= $490,000

Therefore for computing the ending retained earning we simply applied the above formula.

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NARA [144]

Answer:

a decrease in interest and increase in output

Explanation:

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4 0
3 years ago
You recently received a letter from Cut-to-the-Chase National Bank that offers you a new credit card that has no annual fee. It
Alex17521 [72]

Answer:

Effect Annual rate of return =17.22%

Explanation:

The Effective annual rate of return is the equivalent rate earned where compounding is done frequently at period or interval  less than a year.

EAR = (1+r/m)^n× m - 1

EAR - Equivalent annual rate of return, r- annul rate of return, n-number of years

r= 16/12 =1.333%, n= 1    m= 12 (note there are 12 months in a year)

EAR = (1+0.16/12)^(1×12) -   1

EAR = 1.0133^12 - 1 = 0.1722

EAR   0.1722  × 100 =  17.22%

Effect Annual rate of return =17.22%

7 0
3 years ago
For each item below, indicate to which category of elements of financial statements it belongs.
valina [46]

Answer: (a) Retained earnings = Equity.

(b) Sales = Revenues.

(c) Additional paid-in capital = Equity.

(d) Inventory = Assets.

(e) Depreciation = Expenses.

(f) Loss on sale of equipment = Losses.

(g) Interest payable = Liability.

(h) Dividends = Dividends payable are a liability. Dividends paid are a decrease in the accumulated results of the company as they are distributed to the owners.

(i) Gain on sale of investment = Gains.

(j) Issuance of common stock =  are investments by the owners that become part of the capital.

7 0
3 years ago
Which of the following people are structurally unemployed? Select all answer options that apply. Choose one or more: A. A newspa
aleksley [76]

Answer:

The correct answers are letters "A", "C", "D", "E", and "F".

Explanation:

Structural unemployment is an economic mismatch when workers fail to find jobs and employers with available openings cannot find workers. This problem can be created by technological advances and rapid relocation of available jobs along with other economic factors such as rapid technological changes, and government policy. In that sense:

<em>A.</em><em> A newspaper photographer loses his job due to the decreased circulation of the physical newspaper. His boss says more people are using the Internet to get their news. (</em><u><em>Technological change)</em></u>

<em>C.</em><em> A teacher at the local high school loses his job when declining enrollment causes the school district to consolidate schools. </em><u><em>(Government policy)</em></u>

<em>D.</em><em> A worker on an assembly line loses her job when the company outsources jobs to China. </em><u><em>(Job relocation)</em></u>

<em>E.</em><em> Your mechanic closes his shop because recent advances in technology mean that cars need much less servicing, and he doesn’t have enough work to keep the business open. (</em><u><em>Technological change)</em></u>

<em>F.</em><em> Two employees of a tax accounting firm are laid off because new tax software has made it easier for people to do their own taxes. (</em><u><em>Technological change)</em></u>

8 0
3 years ago
What is absolute advantage
Colt1911 [192]

In economics, the principle of absolute advantage refers to the ability of a party to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.

hope it helps

3 0
3 years ago
Read 2 more answers
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