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sineoko [7]
3 years ago
13

Stone Culture Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following:

Business
1 answer:
HACTEHA [7]3 years ago
7 0

Answer:

             Statement of retained earnings

                   For the year ended 2017

Retained earnings, January 1, 2017              $0

Add: Net Income                                         $54,000  

Less: Dividends                                           $<u>22,000</u>

Retained earnings, December 31, 2017   <u>$32,000</u>

            Statement of retained earnings

                  For the year ended 2018

Retained earnings, January 1, 2018             $0

Add: Net Income                                          $59,000

Less: Dividends                                            <u>$34,000</u>

Retained earnings, December 31, 2018   <u>$25,000</u>

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Answer:

The appropriate alternative is option B (ERP system).

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The two other possibilities are not connected to the condition in question. Therefore the choice above is the perfect one.

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4 years ago
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Answer: The answer is given below

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Organic baked beans= 8 × $33.50

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Total = $226.80 + $268

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b. What is the total amount of the trade discount on this order?

We are told that the wholesaler offered Whole Foods a 39% trade discount. This will be:

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ivann1987 [24]

Answer:

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Variable cost = (4% + 1% + 3/4%) x $500,000 = $28,750

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