D) Salaries
Revenue is the income for your business so you make a profit from fund raisers, donations and fees charged per child. You are losing revenue when you have to pay your workers salaries
The output level is total profit highest in the short run is 40 .
<h3>What is meant by short run ?</h3>
The idea of the short run states that some inputs will be constant while others will change over a specific period of time. It expresses the notion that an economy responds to particular stimuli differently depending on the amount of time it has to do so.
In the short run, certain production parameters are stable and some are flexible. Only by increasing the application of the variable factor can output be enhanced. The scale of manufacturing stays steady in the short term. The lengthy run is a time when all production factors are erratic.
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Answer:
The retained earnings balance at the end of the year is $35,835.5
Explanation:
Income before tax (taxable income) = Sales - Costs - Depreciation expense - Interest expense = $105,700 - $78,300 - $9,000 - $635 = $17,765
The tax rate is 30 percent. The amount of tax the company had to pay:
$17,765 x 30% = $5,329.5
Net income = Income before tax - Tax = $17,765 - $5,329.5 = $12,435.5
The retained earnings balance at the end of the year = Beginning balance in retained earnings + Net income - Cash dividends - Stock dividends = $24,600 + $12,435.5 - $1,200 = $35,835.5
