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earnstyle [38]
3 years ago
13

During 2017, its first year of operations, Jane's Bakery had revenues of $130,000 and expenses of $66,000. Retained earnings at

the beginning of 2017 were $0 and during 2017, the business paid cash dividends of $36,000 . What is the balance in Retained Earnings at December 31, 2017? $0 $36,000 $28,000 $64,000
Business
1 answer:
Phantasy [73]3 years ago
5 0

Answer:

$28,000

Explanation:

Ending retained earnings = beginning retained earning + current earnings - dividends paid out.

for Jane's Bakery,

Beginning retained earning 0,

Dividends : $36,000

earnings = revenues - expenses

earnings = $130,000 - $ 66,000

=64,000

ending retained earnings = 0+$64,000- $36,000

=$28,000

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olga_2 [115]

Answer:

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Explanation:

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This fraud can be discovered when the operations manager found a check on Phillips desk which was payable to himself and it was other than the payroll check. Thus, Option D is the statement as an answer.

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8 0
3 years ago
Which of the following statements is true if total fixed costs decrease while the sales price per unit and variable cost per uni
Trava [24]

Answer:

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Explanation:

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Since sales price and variable cost is constant, let's say

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So when we cross-multiply in the formula

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It shows that Breakeven point is directly proportional to Total fixed cost.

So a reduction in Total fixed cost will result in a reduction in Breakeven point.

3 0
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Gnesinka [82]

Answer:

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