Answer:
$60,000
Explanation:
We know that
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
$50,000 = net income - $10,000
So, the net income would be
= $50,000 + $10,000
= $60,000
The ending balance of retained earning - Beginning balance of retained earnings reflects the increase balance of retained earnings
Answer:
(a) revenues recognized and deferred,
a decrease in deferred revenues and a recognition of accrued revenues results in higher working capital (current assets increase while current liabilities decrease)
(b) cost of goods sold,
An increase in cost of goods sold results in a decrease of inventories, therefore, working capital decreases (less current assets)
(c) employee salary and wages
employee wages decrease cash (if they are paid) or increase wages payable (current liability) if they are not paid yet. It decreases working capital
(d) income tax expense.
income taxes decrease cash (if they are paid) or increase income taxes payable (current liability) if they are not paid yet. It decreases working capital
Answer:
Break-even point (dollars)= $150,000
Explanation:
Giving the following information:
Selling price= $130
Unitary variable cost= 130*0.6= $78
Fixed costs= $40,000
Desired profit= $20,000
<u>To calculate the sales in dollars to reach the desired profit, we need to use the following formula:</u>
<u></u>
Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio
Break-even point (dollars)= (20,000 + 40,000) / [(130 - 78) / 130]
Break-even point (dollars)= 60,000 / 0.4
Break-even point (dollars)= $150,000
Answer:
Paid in capital treasury stock = $1,600
Explanation:
Paid in capital treasury stock = (Market value - purchase value) × Number of share reissued.
Given,
Reacquired treasury stock = 2000 shares
As the shares were reacquired for $20,
Reacquired total treasury stock = 2,000 shares × $20 = $40,000
Reissued number of shares = 800
Market price of those treasury stock is $22 per share.
Therefore, paid in capital - treasury stock = $(22 - 20) × 800 shares
Paid in capital - treasury stock = $1,600
Given that the prospect is nervous about switching, what the inbound sales rep has to do would be to Offer to compare her current bill to an estimated bill for his company's service to show potential savings.
<h3>Who is an inbound sales rep?</h3>
The inbound sales rep is the title of the job that has to do with a person that is in charge of making the inbound calls that would help to drive sales for a business. This is a person that would be involved in the communication and the collaboration with departments such as the customer and technical support teams.
Hence we would say that Given that the prospect is nervous about switching, what the inbound sales rep has to do would be to Offer to compare her current bill to an estimated bill for his company's service to show potential savings.
Read more on inbound sales here
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