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
stiks02 [169]
3 years ago
9

The trial balance of Barger Company at the end of the accounting period, immediately prior to recording closing entries, showed

the following:________.
Debit Credit
Cash 29,000
Land 56,000
Notes payable 32,400
Common stock 22,000
Retained earnings 15,800
Service revenue 62,000
Expenses 44,900
Dividends 2,300
Total $ 132,200 $ 132,200
What will the balance of the retained earnings account be after the closing entries are recorded?
Business
1 answer:
lesya692 [45]3 years ago
8 0

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.

You might be interested in
Training is a way for employers to provide To enable employees to protect themselves and other injuries
oksano4ka [1.4K]

The question is incomplete. Here is the complete question

Training is a way for employers to provide _______ to enable employees protect themselves and others from injuries

(a) Idea

(b) Tools

(c) Interaction

(d) Money

Answer:

Interaction

Explanation:

It is necessary for employers to organise training programs with employees that are exposed to various hazards in the workplace. Training helps to provide a form of interaction between both employers and employees, it enables them to discuss on ways to counters different accidents that might happen when working.

Training enables the employees to express their view on areas that they are not completely sure of, it is now left for the employers to hire a professional to train each employees on the rules and guidelines to follow inorder to prevent any form of accident.

8 0
3 years ago
A company uses 85 circuit boards a day in a manufacturing process. The person who orders the boards follows this rule: Order whe
Natalija [7]

Answer:

0.1093 or 10.93%

Explanation:

The number of days before the company runs out of stock after placing an order (X) is:

X = \frac{Stock}{demand}= \frac{625}{85}\\X= 7.353\ days

Assuming a normal distribution with:

Mean (μ) = 6

Standard deviation (σ)=1.10

The z-score for X=7.353 is:

z=\frac{X- \mu}{\sigma}\\z=\frac{7.353- 6}{1.10}\\z=1.23

According to the z-score table, a score of 1.23 falls in the 0.8907-th percentile. Therefore, the probability of the delivery takes longer than 7.353 days is:

P(X>7.353) = 1 - 0.8907\\P(X>7.353) =  0.1093

8 0
4 years ago
In order to show disparate-treatment discrimination, a person must show that she or he is a member of a ___ class, applied for a
PSYCHO15rus [73]

In order to show disparate-treatment discrimination, a person must show that she or he is a member of a protected class, applied for and was qualified for the job in question, was then rejected by the employer, and the employer continued to seek applicants for the position, or filled the position with a person not in a protected class.

<h3><u>Explanation:</u></h3>

The discrimination that occurs in the employment of certain people at certain jobs can be proved with the help of Disparate treatment. An employee has the rights to prove that the employee is involving in Disparate treatment when he or she is treated in different way than the other employees where he or she has the similar qualifications and it was the protected characteristics that made this difference in treatment.

For instance consider an employee testing a particular thing or skill in only particular minority of applicants is an example of disparate treatment.In order to show disparate-treatment discrimination, a person must show that she or he is a member of a protected class, applied for and was qualified for the job in question, was then rejected by the employer, and the employer continued to seek applicants for the position, or filled the position with a person not in a protected class.

4 0
4 years ago
True or False: Japan generally runs a significant trade surplus because of low Japanese demand for foreign goods.
mihalych1998 [28]

Answer:

False

Explanation:

Among the various reasons, Japan is a high country saving rate relative to investment that cause a significant trade surplus. A higher saving rate generally corresponds to trade surplus. Japan socio-political and economical conditions reveals that people have a high propensity to save. Many reason like high life expectancy rate, underdeveloped social security and tax incentives for income from capital and frequent environmental hazards attributed to the high rate of saving in Japan.

With the high rate of savings relative to domestic investment, Japan invest more funds in other countries(net capital outflow increases). This is matched with high net exports leading to a trade surplus.

4 0
3 years ago
Tamara is 52 years old and her divorce became final on September 20, 2014 and has not been modified. The divorce decree stipulat
never [62]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
3 years ago
Other questions:
  • Select the correct answer from each drop-down menu. _____ means ___ your portfolio and returning it to the target asset allocati
    10·1 answer
  • As a judge in France, Maurice is not allowed to interpret the law but relies on a strict set of codes to determine the outcome o
    7·1 answer
  • In 2019, Elaine paid $2,960 of tuition and $1,040 for books for her dependent son to attend State University this past fall as a
    7·1 answer
  • Big Kahuna Burger has the following assembly line: How many burgers can they make per hour with one person at each station? If y
    10·1 answer
  • If a firm has a sales price per unit of $6.00, a variable cost per unit of $4.00, and a break-even point of 40,000 units, fixed
    11·1 answer
  • Lafayette, Inc. was incorporated on January 1, 2014. Lafayette issued 15,000 shares of common stock and 800 shares of preferred
    8·1 answer
  • Improving stock prices and increasing factory production _____ why economists _____ continuing economic improvement in the next
    6·1 answer
  • The marketing plan has three main components: the executive summary, the keys to success, and the implementation plan.
    14·1 answer
  • Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. She might want to open a
    15·1 answer
  • Flask company reports net sales of $1,350 million; cost of goods sold of $1,150 million; net income of $230 million; and average
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!