The formula to solve the net income earned during the year is;
Increase in retained earning + Dividends = Net income
$4.3 million + $2.3 million = $6.6 million.
I just revised the formula of increase of retained earning which is Increase of retained earning = net income - dividends.
Answer:
The option E is correct
Explanation:
Solution
Given that:
The output manufactured to Q = 5Lk
Where L= Labor quantity
k=Capital quantity
The price of K= $12
The price of L =$6
Now,
We find the combination of both K and L that will produce 4,000 units of output.
MPL/MPK is defined as the cost minimizing combination = w/r
Thus,
MPL/MPK = D(Q)/dl = 5k
same will be done for L,
MPL/MPK = D(Q)/dk = 5L
We divide 5K and 5L
So,
5k/5L =$6/$12
k/L = 1/2
Thus,
k =L/2
Now, when we substitute the value L = 2k in Q we have the following below:
Q = 5k * (2k)
Given that Q = 4000
So,
4000=10k2
4000=k2
we divide
k =20
L = 2k = 2820
= 40
Therefore, L =40, k = 20
Answer:
C) allows people to postpone purchases without fear that their money will decline in value.
Explanation:
Stability of money means the ability of money to retain its value overtime.
The stability of money enhances the ability of money to store value and serve as an effective medium of exchange.
I hope my answer helps you
A fixed cost is an ammount that is set for something a variable cost is a price that can change hope this helps
Answer:
The journal entry to write off an uncollectible account receivable decreases operating income.
Explanation:
Accounts receivable is the amount that debtors owe a business and is collectible at a particular time in the future. If however the debtor is unable to make payment, the amount owed is written of.
The journal entry to record the write-off involves a debit to accounts recievable and reduces allowance for uncollectible account balances.
This does not affect the operating income of the business.