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Ghella [55]
4 years ago
10

A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and paid out cash dividends of

$56,250 in the current period. The ending balance in retained earnings equals: Multiple Choice $546,250. $426,250. $116,250. $433,750. $490,000. g
Business
1 answer:
snow_lady [41]4 years ago
6 0

Answer:

Ending retained earning will be $433750

Explanation:

We have given beginning balance = $430000

Net income = $60000

Dividend paid = $56250

We have to find the ending balance

We know that ending retained earning is given by

Ending retained earning = beginning retained earning + net income - dividend paid

So Ending retained earning = $430000+$60000-$56250 = $433750

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nikdorinn [45]
So you are giving credit to the sources and information that you used in the work and so you are not penalized for plagiarism
4 0
3 years ago
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You have decided both to open a savings account and to purchase a vehicle. You would like a savings account with the highest int
zloy xaker [14]

Hello there!

Your answer would be C). Bank B for the car loan and Bank A for the savings account.

The reason why this would be your answer is because when you are opening a savings account, you want to make sure that the interest is high. However, when you get a new car, you want to make sure that the interest is low. Bank B provides a low interest rate, while Bank A provides a high interest rate.

Why are the two the opposite? Here's the answer:

Why you should get a high interest rate for a savings account:

You should get a high interest rate for the savings account because the interest you have for the savings account is the money that the bank will give you, so it's pretty much free money that the bank is giving you for having your money saved in their bank. If you want to get more money from the bank because of your savings account, then you should find one with a high interest rate.

Why you should get a low interest rate for a car (loan):

You should get a low interest rate for a car (loan) because the bank or people that you're loaning the money from is using interest to get your money. To make it easier, the people are using interests rates to make money, or profit, off of you. This is very important, interest rates DO NOT count towards the payment of the principal (amount to pay) for the car. In order for you to not help others make profit from you, you should get a car (loan) with a low interest rate, so you would be saving money and not help anyone use you as profit, and probably use that money for the car payments or other payments.

8 0
3 years ago
Tharaldson Corporation makes a product with the following standard costs:
Nat2105 [25]

Answer:

Material Quantity Variance= $ 3240 Unfavorable

Explanation:

Given

Standard Quantity   Direct materials 5.8 ounces

Standard Price$ 3.00 per ounce * 5.8= $ 17.40

Actual output 3,400 units

Raw materials used in production 20,800 ounces

Purchases of raw materials 21,900

Working

Standard Material required for  3,400 units *5.8= 19720 ounces.

Standard Price for 19720 ounces* 3= $ 59160

Material Quantity Variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)

Material Quantity Variance= 3*20,800 - (3* 19720)

Material Quantity Variance= $62400- $ 59160= $ 3240 Unfavorable

It is unfavorable because the actual quantity used is more than the standard usage.

6 0
3 years ago
Thailand wants to increase its trade and economic integration with Cambodia. Which trading alliance will be the most useful in a
Zigmanuir [339]

ASEAN is the trading alliance that will be the most useful in achieving this goal.

<h3>What is ASEAN ?</h3>

The Association of Southeast Asian Nations (ASEAN) is an international organization whose primary goal is to promote economic growth and regional stability among its members.

Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Laos, Myanmar, Cambodia, and Vietnam are the current members.

<h3>What is ASEAN doing right now?</h3>

ASEAN's mission is to foster collaboration and cooperation among member countries while also advancing the region's overall interests, including economic and trade growth. It has negotiated a free trade deal among member nations as well as with other countries like China, and it has made it easier for residents of member countries to travel around the area.

It formed the ASEAN Economic Community (AEC) in 2015, marking a significant step forward in the organization's regional economic unification objective. The AEC sees the area as a single market with a free flow of commodities, services, investments, and skilled labor, as well as an independent movement of money.

Therefore, ASEAN is the trading alliance that will be able to help in achieving Thailand this goal.

For more information on ASEAN, refer to the given link:

brainly.com/question/25170760

#SPJ4

8 0
2 years ago
When both producers and consumers experience a surplus, the market is demonstrating efficiency?
Tcecarenko [31]

If both consumers and producers are experiencing a surplus the market is efficient

4 0
4 years ago
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