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notka56 [123]
3 years ago
9

At September 1, 2022, Coronado Industries reported Retained Earnings of $397620. During the month, Coronado generated revenues o

f $56400, incurred expenses of $33840, purchased equipment for $14100 and paid dividends of $5640. What is the balance in Retained Earnings at September 30, 2022
Business
1 answer:
Angelina_Jolie [31]3 years ago
8 0

Answer:

Closing retained earning is $414,540

Explanation:

The Retained Earnings figure can be calculated using the following equation:

Closing Retained Earnings = Opening Retained Earnings + (Sales - Expenses - Dividends)

Here

Opening balance of Retained Earning is $397,620

Revenues is $56,400

Expenses are $33,840

Dividends paid are $5,640

The purchased equipment is not considered here because it is increase in asset not an increase or decrease in revenue or expenses. So it is not considered here.

So by putting values, we have:

Closing Retained Earnings = $397,620 + ($56,400 - $33,840 - $5,640)

Closing Retained Earnings = $414,540

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The owner of Grandma's Applesauce is planning to retire after the coming year. She has to repay a loan of $50,000 plus 8 percent
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Answer:

Option (B) $5,000

Explanation:

Data provided in the question:

Repayment of Loan = $50,000

Interest = 8%

Cash flow             Probability

$65,000                    70%

$45,000                    30%

Tax rate = 0%

Now,

Interest on loan = 8% of $50,000

= $4,000

Expected value of cash flow = ∑[cash flow × Probability ]

= ( 0.7 × $65,000 ) + ( 0.3 × $45,000 )

= $45,500 + $13,500

= $59,000

The owner's expected cash flow after debt service

= Expected value of cash flow - Interest on loan - Repayment of Loan

= $59,000 - $4,000 - $50,000

= $5,000

Hence,

Option (B) $5,000

3 0
3 years ago
If you're parked curbside, a potential hazard that you must be especially watchful for as you approach your car is
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You must be careful of any bikers who decide to take the sidewalks and of any cars that come close when you walk on the road
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Explain the hipp of the primary sources below source: letter written by john rolfe
jekas [21]

The correct answer to this open question is the following.

Explain the HIPP of the primary sources below source: "letter written by John Rolfe."

"H" stands for Historical context. John Rolf was an important component in the foundation and success of the Jamestown, Virginia colony, in the North American territory. In the letter, he explains the Governor of the colony, Thomas Dale, his reasons to marry Pocahontas, a Native American Indian woman.

"I" stands for the Intended audience. The Governor of Jamestown, Virginia colony, Thomas Dale. The intention of John Rolfe was to clearly explain his motives, trying to maintain his intact reputation before the people of Jamestown.

"P" stands for Purpose. Rolfe wanted the approval of the Governor, knowing that in those years, Native American Indians were considered savages that first needed to be converted to the Christian religion to be accepted in the colonial society.

"P" stands for Point of view. In this part, we have to understand the point the author is trying to convey. In this case, John Rolfe, an English man, and an important figure that brought the toc¿bacco seed from the Caribbean Islands to grow tobacco crops in Jamestown and made tobacco the king of crops in Virginia wanted to justify his actions but not wanted to compromise his position before the Jamestown society.

6 0
3 years ago
The Yum and Yee food truck near the business school serves customers during lunch hour by taking orders and making fresh batches
Marina86 [1]

Answer:

Setup time = 2.5 min. per order

Process capacity = 1.09 units/minute

Utilization = 7.5 minutes

Explanation:

The time to cook just one order = 3 minutes

Cooking two orders in a batch = 3.5 minutes

cooking three orders = 4 minutes

bagging and accepting payments = 0.80 minutes

a) Setup time:

Setup time = 3 - 0.5

= 2.5 min. per order

b) Process capacity:

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= 2.5 + (0.5 * 6)

= 5.5 minutes

Process capacity = Batch size / Production

= 6 / 5.5

= 1.09 units/minute

c) Utilization:

Batch size = 10

Production = Setup time + (Processing time * Batch size)

= 2.5 + (0.5 * 10)

= 7.5 minutes

5 0
3 years ago
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