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Leya [2.2K]
3 years ago
12

Atlantic Corporation reported the following amounts at the end of the first year of operations Common stock $ 200,000 Sales reve

nue $ 800,000 Total assets $ 600,000 Dividends declared $ 40,000 Total liabilities $ 320,000 What are the retained earnings of Atlantic at the end of the year, and what amount of expenses were incurred during the year
Business
1 answer:
Serhud [2]3 years ago
3 0

Answer:

4567

Explanation:

4567

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uses a periodic inventory system. The company has a beginning inventory of 350 units at $6 each on January 1. Hentertainment pur
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4 0
3 years ago
Motonous Corporation has completed its fiscal year and reported the following information. The company had current assets of $15
Alisiya [41]

Answer:

The retained earning is $167918.

Explanation:

The current assets of the company = $153413

The net fixed assets = $412331

Other assets of the company = $7822

Current liabilities of the company = $65314

Long term debt = $178334

Common stock = $162000

Retained earnings  = total assets - (total liabilities + common stock)

Retained earnings  = 153413 + 412331 + 7822 - ( 65314+ 178334+162000)

Retained earnings   = $167 ,918

4 0
3 years ago
Faisal and Torie each want to make an investment, but they have different needs. Based on the information, which investment opti
umka21 [38]

The types of investments used by Faisal and Torie are D. Money markets and savings accounts.

Both have the same savings goal, although nominally different.

<h2>Further explanation </h2>

Investment is a term that has several meanings related to finance and economics. This term also relates to the accumulation of assets/property in the form of future income expectations. Sometimes, investment is also commonly referred to as capital investment.

Investment Benefits:

  • Add Assets
  • Meeting Future Needs
  • Saving Lifestyle
  • Avoiding Account Debit Involved

Investment type :

  • Deposit
  • stock
  • Bond
  • Mutual fund
  • Property investment
  • Gold

Learn More

investment, savings, assets brainly.com/question/7162202

benefits and types of investments brainly.com/question/7162202

Details

Class: Middle School

Subject: business

keywords: investment, stocks, savings

5 0
2 years ago
Contemporary best-selling management books often argue that customers are the most important element in the external environment
My name is Ann [436]

Answer:

NO, I DO NOT AGREE

Explanation:

External environment in management are those factors that can affect business operation either directly or indirectly. these factors are classified under macro and micro factors.

the micro environment factors are PESTLE

customer, suppliers, competitor, public perception,

the macro environment factors are PESTLE

P -political

E - Economic

S -Socio cultural

T - Technological forces

L - Legal

E - Environmental factors

All these factors are important elements to be considered in the day to day activities of an Organization. PESTLE is even a analysis tools use to control and monitor the operation of the bussiness.

6 0
2 years ago
When the grocery store orders a large shipment of chocolate candy just before Valentine's Day, this type of inventory is typical
Gre4nikov [31]

When the grocery store orders a large shipment of chocolate candy just before Valentine's Day, this type of inventory is typically called Anticipatory inventory.

<h3>What is Anticipatory inventory?</h3>
  • Anticipatory inventory is the stock that is continued to accord to the normal buyer interest. It is very like wellbeing stock however it contrasts as in this stock is generally kept occasionally when the interest for items can shift enormously.
  • This inventory enables a company to adapt to changes in customer demand.
  • It enables the company to constantly provide customer service.
  • When demand fluctuates, it enables the company to grow its operations.
  • This inventory type may resemble safety stock quite a bit. It varies from safety stock, though, in that it is kept on hand by the business to handle demand swings. This change reflects the anticipation of rising demand in the near future.
  • If a scarcity or price increase is anticipated soon, businesses might store more inventory.

Hence, this kind of inventory is frequently referred to as anticipatory inventory, such as when the grocery store orders a huge supply of chocolate candies right before Valentine's Day.

To learn more about inventory refer to:

brainly.com/question/15118949

#SPJ4

3 0
1 year ago
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