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Likurg_2 [28]
3 years ago
10

Xavier Heffner owns and operates Heffner Advertising Services. On January 1, 2018, Retained Earnings had a balance of $180,650.

During the year, Xavier invested an additional $39,700 in exchange for common stock and $23,500 in dividends were paid. For the year ended December 31, 2018, Heffner Advertising Services reported a net income of $19,500.
Prepare a retained earnings statement for the year ended December 31, 2018.


Heffner Advertising Services

Retained Earnings Statement

For the Year Ended December 31, 2018
Business
1 answer:
insens350 [35]3 years ago
6 0

Answer:

$ 184,650

Explanation:

Heffner Advertising Services Retained Earnings Statement For the Year Ended December 31, 2018

Retained earnings, January 1st, 2018 $180,650

Net Income$ 19,500

Dividends($23,500)

Change in retained earnings

($19,500- $23,500) $ 4,000

Retained earnings, December 31st, 2018

($180,650+$4,000) $ 184,650

Therefore Heffner Advertising Services Retained Earnings Statement For the Year Ended December 31, 2018 will be $184,650

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A manufacturing process produces integrated circuit chips. Over the long run, the fraction of bad chips produced by the process
zysi [14]

Answer:

(a) Given that a chip passes the test, what is the probability that it is a good chip?

LetB = {the chip is good}

A={the chip passes the cheap test}.

Bc={the chip is bad}

Ac={the chip fails the cheap test}

P(A | B) = 1

P(A | B c ) = 0.075

= \frac{P(A | B)P(B)}{P(A | B)P(B) + P(A | Bc)P(Bc)} = \frac{1.0.8}{1.0.8+ 0.075 · 0.2}  ≈ 0.9751

(b) If the company sells all chips that pass the cheaper test, what percentage of sold chips will be bad?

P(B c  |A) =  1 − P(B | A) = 1 -  0.9751 = 0.0249

7 0
3 years ago
All groups are teams. b. Groups are teams with a high level of task interdependence. c. Unlike teams, groups are associated with
Yuri [45]

Answer:

The correct answer is d. Some groups are just people assembled together in the same physical area.

Explanation:

There may be times when there is a very large group of people who concentrate because they coincide in a place and time, which does not mean that they necessarily share the same ideals. It is enough with a confirmation question to realize what it is that they are gathered.

In the workplace, people may be concentrated because they need to hear a message transmitted by an organization official, who may or may not be their immediate boss.

4 0
3 years ago
Inventory records for Marvin Company revealed the following:
Yuki888 [10]

Answer:

COGS= $16,732.5

Explanation:

Giving the following information:

Mar. 1 Beginning Inventory 1,000 $7.20

Mar. 10 Purchase 600 7.25

Mar. 16 Purchase 800 7.30

Mar. 23 Purchase 600 7.35

Marvin sold 2,300 units of inventory during the month.

<u>First, we need to calculate the weighted average price per unit:</u>

Weighted-average cost per unit= (7.2 + 7.25 + 7.3 + 7.35) / 4

Weighted-average cost per unit= $7.275

<u>Now, the cost of goods sold:</u>

COGS= 7.275*2,300

COGS= $16,732.5

3 0
3 years ago
K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $45,000 of personal cash to the partnership.
Elis [28]

Answer:

to record Decker's investment:

Dr Cash 45000  

    Cr Decker, Capital 45000

to record Rosen's investment:

Dr Land 10,000  

Dr Building 75,000  

    Cr Rosen, Capital 85,000

to record Toso's investment:

Dr Cash 10,000  

Dr Accounts Receivable 27,000  

Dr Equipment 14,000  

    Cr Allowance for Doubtful Accounts 2,700

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6 0
3 years ago
One objective of affirmative action plans is to _____.
jonny [76]

Explanation:

avoid diversity in the makeup of the workforce

7 0
2 years ago
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