1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bezimeni [28]
2 years ago
10

At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $195,000; Total Liabilities of $15,000; and

Total Paid-in capital of $60,000. During the year, the company reported total revenues of $226,000 and expenses of $175,000. Also, dividends during the year totaled $48,000. Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be:
Business
1 answer:
Paladinen [302]2 years ago
6 0

Answer: Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be: $123000.

Explanation: First we must calculate the accumulated earnings to date with the equity equation: Assets = Liabilities + Equity

We know that equity is made up of capital + retained earnings.

If the asset is 195,000, the Liability 15,000 and the capital 60000

195000 = 15000 + 60000

195000 = 75000

195000 - 75000 = Retained earnings

$ 120000 = Retained earnings.

The result of the year is Income - expenses

226000 - 175000 = $ 51000.

Then the company's total earnings are retained earnings + Profit for the year = 120000 + 51000 = 171000.

We subtract the distribution of dividends and obtain the balance of the retained earnings account: 171000 - 48000 = $123000.

You might be interested in
To get into a foreign service pathway what qualities/skills do you need??
ivann1987 [24]
The link is very good to explain what you need but something it forgot was needing to know about foreign pathways
3 0
3 years ago
Read 2 more answers
Describe at least 3 nonprice competition strategies a company could use to convince customers that its product is better than ot
makkiz [27]
<span>3 non-price strategies you could use to increase your customer base is having Better Quality, Better web presence, and Better Customer Service. Better quality means having good, durable products that deliver what they promise. Also better quality means having a product that is worth its money, not just something cheap which falls apart in one use. Better Web Presence means having a nice, interesting, user-friendly website which customers can access at any time to view your products. Also this means that your website is updated regularly with product information. Better customer service means that you should be able to provide good, cooperative customer support for customers who have queries or problems regarding your product. This involves courteous staff who have up-to-date knowledge and are willing to follow up the case. </span>
3 0
3 years ago
Read 2 more answers
Stellar Corporation engaged in the following cash transactions during 2017. Sale of land and building $194,800 Purchase of treas
Law Incorporation [45]

Answer:

The cash provided by investing activities is $91900

Explanation:

The net cash provided or (used) by investing activities is computed thus:

Sale of land and building                     $194800

Purchase of land                                    ($44700)

Purchase of equipment                          ($58200)

Net cash provided by investing activities $91900

The purchase of treasury refers to purchase of own shares from shareholders,hence it is a financing activity

Payment of dividends to shareholders is also a financing activity

Issuance of common stock and retirement of bonds are also financing activity-related,as a result they do not feature in the above computation of cash provided or used by investing activities

3 0
3 years ago
true or false: market-based forecasting of exchange rates has shown to be more consistent and reliable than the other primary fo
soldier1979 [14.2K]

True, Compared to the other main forecasting techniques, market-based forecasting of exchange rates has proven to be more reliable and consistent.

What is Market-based forecasting?
By utilising a wide range of data that describe the nature of demand within the organization's service area, market-based demand forecasting is a technique for estimating future demand for a healthcare organization's services. The primary and secondary service areas, population breakdowns by various demographic categories, discharge utilisation rates, market size, and market share by service line and overall are just a few examples of the information we're talking about. Strategic planners can develop scenarios describing potential future demand based on observable market dynamics and a variety of explicit assumptions about future trends. Then, financial planners can assess every scenario to see how it might affect particular financial and operational metrics, like operating margin, days with cash on hand, as well as debt-service coverage, and create a strategic financial plan that accounts for a variety of contingencies.

To learn more about Market-based forecasting
brainly.com/question/29222915
#SPJ4

3 0
10 months ago
To find all accounts whose current due amounts are greater than $2,500.00 and whose account manager is manager 31, enter each cr
iris [78.8K]

 

To find all accounts whose current due amounts are greater than $2,500.00 and whose account manager is manager 31, enter each criterion on the same row.

 

The best answer for this question, would be:

 

True

B<span>ecause entering each criterion helps track all of the accounts of the exact amount given.</span>

6 0
3 years ago
Other questions:
  • Part S00 is used in one of Morsey Corporation's products. The company makes 6,000 units of this part each year. The company's Ac
    5·1 answer
  • Adison Winery had beginning long-term debt of $41,436 and ending long-term debt of $46,883. The beginning and ending total debt
    12·1 answer
  • On July​ 7, University Bank lent​ $560,000 to Jazz Music Shop on a 60​ day, 7% note. What is the maturity value of the​ note? (U
    8·1 answer
  • Ursa Major Solar (UMS) is configuring the lead conversion process. Which two factors should UMS consider before setting up the p
    8·1 answer
  • Maddie's shoe store donated hundreds of pairs of shoes to needy children at an inner city school. A news crew reported on the do
    5·1 answer
  • A purchase order is created by the accounting department. <br> a. True <br> b. False
    7·1 answer
  • The parents of a young child decide to make annual deposits into a college savings account. The first deposit will be made on he
    15·1 answer
  • What problems has russia experienced in switching from a state-controlled to a free market economy?
    5·1 answer
  • Goal conflict can be avoided if budget goals are carefully designed for consistency across all areas of the organization. True F
    8·1 answer
  • 10. A person who selects, purchases, uses, or disposes of goods or services is
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!