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Mkey [24]
3 years ago
12

The balance sheet of the Algonquin Company reported assets of $50,000, liabilities of $22,000 and common stock of $15,000. Based

on this information only, the amount or balance for retained earnings must be:
Business
1 answer:
OleMash [197]3 years ago
4 0

Answer:

$ 13.000

Explanation:

The accounting equation states that :

Total Assets = Total Liabilities + Equity

To accomplish this equation is needed a total value of retained earnings of $13.000 , in this manner you have the equation complete:

$50.000 = Liab. ($22.000) + Equity ($15.000 +$13.000)  

Retained earnings is a component of the Equity next to common stock.

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Bezakan tiga ciri antara Tarif dengan kuota
jek_recluse [69]

Itulah perbezaan antara tarif dan kuota.

Maaf lah bila tak saya tulis kat sini, sebab tak boleh hantar jawaban.

<em>Semoga </em><em>membantu </em><em>dan </em><em>bermanfaat </em><em>:</em><em>)</em>

3 0
3 years ago
Brooks Corporation has a Food Services department that provides food for employees in all other departments of the company. For
blsea [12.9K]

Answer:

the amount that should be charged for the other department is $60,000

Explanation:

The computation of the amount that should be charged for the other department is shown below:

= Variable cost per meal × number of meals

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= $60,000

hence, the amount that should be charged for the other department is $60,000

So the same would be relevant

6 0
3 years ago
As an elected official, you have been informed that real GDP is below its potential and that action should be taken to encourage
telo118 [61]

Answer:

The answer is 2.5

Explanation:

Mpc = marginal propensity to consume

Mps = marginal propensity to save

Multiplier = 1/ 1-mpc= 1/ mps

Multiplier = 1/ 1-0.6 = 1/ 0.4 = 2.5

8 0
3 years ago
Randy Jones, regional director for CVS Minute Clinic, recently brought together a team made up of individuals with varying speci
Natasha2012 [34]

Answer:

Problem solving team.

Explanation:

You're welcome

3 0
3 years ago
The returns on the Bledsoe Small-Cap Fund are the most volatile of all the mutual funds offered in the 401(k) plan. Why would yo
aalyn [17]

Answer:

The yields are perhaps the most unpredictable for the small cap fund since the securities in this account are the most risky. It does not mean that the fund is awful, only that the danger is greater, and thus the overall return is greater.If you are prepared to accept the extra risk in expectancy of a greater return, you should like to put money in this fund. The increased costs for this Fund will be anticipated.Small cap funds typically have higher spending due largely to greater operating costs, along with lower resource analysis.

7 0
3 years ago
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