Answer:
(b) After-closing balance in the Retained Earnings account on December 31, Year 1,
Total Stockholder's equity = Total assets - Total liabilities
= $220,000 - $66,000
= $154,000
After-closing balance of Retained Earnings = Total Stockholder's equity - Common stock
= $154,000 - $110,000
= $44,000
(a) Before-closing balance in the Retained Earnings account on December 31, Year 1.
Net Income = Revenue - Expenses
= $40,000 - $23,000
= $17,000
Before-closing balance of Retained Earnings:
= After-closing balance of Retained Earnings + Dividend paid - Net Income
= $44,000 + $3,200 - $17,000
= $30,200
(c) Before-closing balances in the following accounts:
Revenue = $40,000
Expenses = $23,000
Dividend = $3,200
(d) After-closing balances in the following accounts:
Revenue = $0
Expenses = $0
Dividend = $0
Because revenue and expenses are transferred to income statement and dividend are transferred to retained earnings.
Answer:
Increase duration of the bank assets
Explanation:
Because When the duration of assets is longer than the duration of liabilities, this allows for a the duration gap is positive. And so even if interest rates rise, assets will lose more value than liabilities, hence reducing the value of the firm's equity.
Answer:
in terms of which is worse, "monopoly" is bad for both the consumers and the industry, while a competitive market is good for consumers and the industry alike, however, it is not "perfect". there has to be regulations and a sort of a control.
anyhow, a monopoly is bad then a single corporation has the total power from the supply side and this can lead to unnecessary price increases, lower quality products, industrial malpractices, national level frauds, etc, etc...
because of this, we always say a monopoly is bad, even if it is a government sector monopoly. many nations have laws and rules to ensure no monopolies will arise.
in USA, we call such rules, Anti-trust laws.
Explanation:
Answer:
Option (d) is correct.
Explanation:
Given that,
Sales = $ 3,900.00
Costs = 1,400.00
Depreciation = 250.00
EBIT = $ 2,250.00
Interest expense = 70.00
EBT = $ 2,180.00
Taxes (25%) = 872.00
Net income = $ 1,308.00
Hence,
Net operating profit after taxes:
= EBIT × (1 - tax rate)
= $2,250.00 × (1 - 25%)
= $2,250.00 × 0.75
= $1,687.5
Therefore, the net operating profit after taxes (NOPAT) is $1,687.5.
Answer:
operational information system
Explanation:
Based on the information provided within the question it can be said that the term being described is called an operational information system. This is basically a system used in a company that process' all the daily transactions of the organization in an efficient manner. The data is gathered, organized and summarized fast, autonomously, and efficiently, in order to be as comprehensive as possible for the use of the managers.
