Answer: $30,600
Explanation:
First calculate the earnings for the year.
Revenue is given. Expenses are also given and come out of revenue. Dividends also come out of revenue as well.
Retained Earnings for the year is therefore,
Retained Earnings for the year = Revenue - Expenses - Dividends
= 62,000 - 44,900 - 2,300
Retained Earnings for the year = $14,800
This figure should be added to the retained earnings of the previous period to find the total balance.
= 14,800 + 15,800
= $30,600
$30,600 is the closing Balance on Retained Earnings after closing entries.
There are numerous types of part time jobs are available nowadays in order to earn money for the qualified workers. People can earn through part-time jobs without quieting their full-time opportunities.
<h3>
How much does Percy earn each hour? </h3>
Correct option is C.
For the answer to the two questions above,
3x + 2y = 36.50.... (1)
2x + 5y = 50..... (2)
Then, Eliminating x from the two equations by subtraction:
First we multiply equation 1 by 2 and equation 2 by 1.
6x + 4y = 73
6x + 15y = 150
After that, Subtracting the two,
-11y = -77
y=-77/-11
y = 7
He earns $7 at the coffee cart.
Then, Substituting y into equation 1,
3x + 14 = 36.5
3(7)+14=36.5
x = $7.50
Therefore, he earns a greater wage of $7.50 at the library.
Learn more about part-time jobs, refer to the link:
brainly.com/question/919744
(A) Debt ratio = 0.32
Debt/(debt + equity)= 0.32
Debt = 0.32 *Debt + 0.32 *Equity
0.68* Debt = 0.32* Equity
Debt = 0.32*Equity/0.68 = 0.32/0.68 * Equity
Debt /equity ratio = (0.32/068*Equity)/Equity
Debt/Equity ratio = 0.32/0.68 = 0.47
Debt-equity ratio = 0.47 (Rounded to 2 decimals)
(B) Equity multiplier = 1 + debt -equity = 1+0.47 = 1.47
Equity multiplier = 1.47 (Rounded to 2 decimals)
