All categories

3 years ago

Consider the following income statement for the Heir Jordan Corporation:

Business

1 answer:

vivado [14]3 years ago

5 0

Answer:

HEIR JORDAN CORPORATION

The projected addition to retained earnings is $5,743.

Explanation:

a) Data and Calculations:

HEIR JORDAN CORPORATION

Income Statement Current Year Projected

Sales $ 49,000 $58,800 ($49,000 * 1.2)

Costs 40,300 48,360 (40,300 * 1.2)

Taxable income $ 8,700 10,440 (8,700 * 1.2)

Taxes (22%) 1,914 2,297 (1,914 * 1.2)

Net income $ 6,786 8,143 (6,786 * 1.2)

Dividends $ 2,400 2,400

Addition to retained earnings 4,386 5,743

You might be interested in

By the time a child is two years old, they have _____synaptic connections in their brain than an adult.

Mrac [35]

the answer is A: more

7 0

3 years ago

Jean says to Joan, "If you'll promise to feed my dog each day while I am out of town next week, I'll pay you $100." Joan replies

blsea [12.9K]

Answer:

When Joan said that she would feed Jean's dog

Explanation:

A verbal contract comes into existence when there is a proposal and the person who receives the offer accepts the conditions. When the offeror and the offeree comes into a verbal agreement (terms and conditions) the speaking acceptance becomes the contract into reality.

3 0

3 years ago

Firms that hire outside consultants can reduce the impact of moral hazard by: A. hiring work on a fixed-fee basis B. monitoring

marishachu [46]

Answer: Option C

Explanation: Moral hazard refers to a situation when an individual starts taking unnecessary avoidable risks, knowing that the potential loss will be bore by someone else.

In the given case right option is C, as the most effective way to avoid moral hazard is to hire those consultants who have a good image in market of not shirking and performing their duties well.

4 0

3 years ago

Someone plz help me tell me what kind of dogs are they and how much are they gonna grow up!

const2013 [10]

•.¸¸♪✺ Hello. ✺•.¸¸♪

☆━━━━━━━━━━━━━━━━━━━━━━━━━━☆

$TanakaBro$ $is$ $here$ $to$ $hel$ $^{p}$ :

♡━━━━━━━━━━━━━━━━━━━━━━━━━━♡

I think you are holding both of these puppies, is a Toy fox terrier.

Plus, if you want to know how much they will grow up?

<h2>★ <u>EXPLANATION:</u></h2><h2 />

The toy fox terrier, will grow up of they height is: like 8.5, or 11.5 inches. And they weight will be 3.7 or to 7 pounds. And they life expectancy is: 13 to 15 years.

Sorry, I couldn't do a long Explanation...

Hope It Helped!

#LearnWithBrainly

$Answer$ :

- TanakaBro

4 0

3 years ago

You manage a company that competes in an industry that is comprised of four equal-sized firms that produce similar products. A r

Alja [10]

Explanation:

It is given that in the market there are four equal-sized firms that produce similar products. The market is saturated such that 10% industry-wide price rise would lead to 18% decline in units sold by all firms in the industry. Going further, there is a proposed legislation that imposes a tariff on a key input used by the industry, which on realization would result in the increase in marginal cost by $2.

This means that the market elasticity of demand is:

[ FIND THE ATTACHMENT FOR SOLUTION]

5 0

3 years ago