Answer:
The ending balance of retained earnings account is $43,400.
Explanation:
Simply put, retained earnings are an amount of net income left after payment of dividends to shareholders. This amount accumulates over time period as the company retains profit for its operations. Usually, it is arrived at using the formula below:
Retained earnings = Opening balance + Net income (or loss) - Cash dividends - Stock dividends
At the instance of the question, retained earnings = $34,000 + $27,400 ($105,200 - $77,800) - $18,000 = $43,400.
Answer:
Exploratory
Explanation:
Sheena, marketing manager for Yaard-Vark Lawn Tractors, is interested in the relationship between the prices of lawn tractors and the level of sales. To test whether increasing prices will lead to a change in sales and, if so, how much of a change, she should use exploratory research.
Exploratory research is the kind of research where an unknown phenomenon is worked upon. In this case, Sheena does not know the effects of prices on sales. Therefore she carries out exploratory research to fill in the blanks.
False because it doesnt invest the stocks
Let x be the number of children
Let y be the number of adults
Equation 1: x + y = 9
Equation 2: y = 9 - x
210x + 315y = 2205
210x + 315 (9-x) = 2205
210x + 2835 - 315x = 2205
2835 - 2205 = 315x - 210x
630 = 105x
630/105 = 105x/105
6 = x
There are 6 numbers of children.
To get the y, use the Equation 2: y = 9 - 6 ---> y = 3
Therefore there are 3 adults on the trip.
