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svetoff [14.1K]
3 years ago
14

The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following i

nformation is available:
Retained earnings balance at the beginning of the year $151,000
Cash dividends declared for the year 46,000
Net income for the year 92,000
What is the ending balance for retained earnings?
Business
1 answer:
PtichkaEL [24]3 years ago
4 0

Answer:

$197,000

Explanation:

Given that,

Retained earnings balance at the beginning of the year = $151,000

Cash dividends declared for the year = $46,000

Net income for the year = $92,000

Ending balance for retained earnings:

= Opening balance + Profit earned during the year - Cash dividends declared for the year

= $151,000 + $92,000 - $46,000

= $197,000

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Speculative investments are which of the following?
gtnhenbr [62]

Answer:

d- high risk

Explanation:

A speculative investment is characterized by a high risk of losing its value but offers the possibility of high return. An investor will buy the investment to profit from market value changes. A speculator is an investor who engages in speculative business.

A speculator's motive is to profit in the short run from an asset. He or she is not concerned by the fundamental value of the asset, only its price volatility. Dividends or interest other financial indicators of an asset are the least of his or her concerns. A speculator focuses on the expected future price of the asset.

Speculative investments happen in real estate markets, currencies, stocks, and commodity futures.

6 0
4 years ago
Boyd and Susan are married filing jointly in 2019. They have three children for whom they may claim the child tax credit. Their
sesenic [268]

Answer:

$5,250

Explanation:

The child tax credit provides a $2,000 tax credit for every qualifying child under 16, but the amount starts to phase out as the married couple's income is higher than $400,000.

The tax credit phases out $50 for every $1,000 of income over the $400,000 threshold: $415,000 - $400,000 = $15,000 x $50/$1000 = $750 phase out.

total child tax credit = ($2,000 x 3 children) - $750 = $6,000 - $750 = $5,250

7 0
4 years ago
Which of these statements is true?
erma4kov [3.2K]

Answer:

A. Location extensions appear when someone who’s physically near the business searches on relevant terms

Explanation:

According to my research on the answers provided, I can say that based on the information provided within the question the correct statement is "Location extensions appear when someone who's physically near the business searches on relevant terms". The rest of the statements are either completely incorrect or are missing certain key words in order to make them correct

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
LO 5.2What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials, $17,000; direct labor
HACTEHA [7]

Answer:

The correct answer is $ 103,000.

Explanation:

Conversion costs are the costs incurred for turning raw materials into finished products. If you add direct labor costs and manufacturing costs, the sum that you get will be the conversion cost. In other words, conversion costs equal the cost of production minus raw material cost.

So here Conversion cost can be calculated by adding labour and manufacturing cost. Raw material cost is not included in conversion cost.

Coversion cost = 33,000 + 70,000 = 103,000 dollars

3 0
3 years ago
Most real-world choices aren't about getting all of one thing or another, instead, most choices involve _________________, which
bearhunter [10]

Answer:

marginal analysis

Explanation:

Most real-world choices aren't about getting all of one thing or another, instead, most choices involve marginal analysis, which involves comparing the benefits and costs of choosing a little more or a little less of a good.

5 0
4 years ago
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