Answer:
Based on the opening retained earnings value, none of the options is correct.
The correct Syracuse`s retained earnings after closing would be $7,480.
Explanation:
Retained earnings is the residual proportion of the total profit of the firm that is left after deducting dividend received by the shareholders.
For each accounting period, closing residual retaining is calculated by adding the opening retained earnings with the net amount of the total profit remaining after deducting dividend.
To calculate closing retained earnings, it is important to get the total profit of the firm and then deduct dividend:
$
Service Revenue 8,050
Interest Revenue <u>1000</u>
9,050
Salaries Expense (4,900)
Operating Expense (1,550)
Interest Expense (700)
Net Profit 1900
Dividend (1300)
Retained Earning 600
Retained Earning B/f <u> 6,880</u>
Retained Earning B/d <u> </u><u>7,480</u>
In an organization with compensation that has <u>hybrid outcome interdependence</u>, a <u>given </u>portion of the employee's pay depends on the team's output and performance.
Hybrid outcome interdependence refers to the terms of employment in which a team’s output and performance determines a specified portion of the members’ salary. So, if their performance fails to meet given targets or standards, members will end up getting lower pay.
On the other hand, there are incentive structures linked to such arrangements, so that overachieving the targets would lead to members receiving a bonus.
Hybrid outcome interdependence is a key corporate strategy to ensure employees put in their best effort, as incentive and disincentive structures are built into the pay structure.
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The equipment is normal good.
A normal good, often known as a required good, refers to the degree of demand for the product in relation to wage growth or contraction rather than the quality of the good itself.
The link between income and demand for a typical good is elastic. To put it another way, changes in income and demand are connected positively or move in the same direction. The amount by which the quantity desired for a good changes in response to a change in the income is measured as income elasticity of demand.
Therefore, the answer is normal goods.
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Answer:
$4,546.35
Explanation:
We use the PMT formula that is to be presented in the attachment. kindly find out below:
Provided that,
Present value = $36,875
Future value or Face value = $0
Rate = 4%
NPER = 10 years
The formula is shown below:
= -PMT(Rate;NPER;PV;FV;type)
So, after solving this, the annual payment required is $4,546.35