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ELEN [110]
3 years ago
13

Partial adjusted trial balance for Sheffield Corp. at December 31, 2017, includes the following accounts: Retained Earnings $17,

000, Dividends $6,700, Service Revenue $36,300, Salaries and Wages Expense $14,000, Insurance Expense $1,880, Rent Expense $4,080, Supplies Expense $1,440, and Depreciation Expense $900. The balance in Retained Earnings is the balance as of January 1. Prepare a retained earnings statement for the year assuming net income is $10,400.
Business
1 answer:
Roman55 [17]3 years ago
5 0

Answer:

Sheffield Corp

Retained Earnings Statement for the year ended December 31, 2017:

Net Income                                       $10,400

Retained Earnings, January 1            17,000

Dividends                                           (6,700)

Retained Earnings, December 31 $20,700

Explanation:

Sheffield's statement of retained earnings shows the net income after tax, which is added to the Retained Earnings at the beginning of the period.  Then the dividends paid are deducted to arrive at the Retained Earnings at the end of the period.  The statement shows the distribution of net income to stockholders.

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A small private college situated in a rural geographic setting, a research lab at a bio-tech company and an attorney could all b
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The correct answer to the following question is C) Appropriate audience for an advertising campaign.

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When a company wants to sell its product in the market , it is very important for them to understand who their target market or target audience are, because these are the people who are in interested in buying company's product not everyone in the market. So it becomes very important for the company to identify who their target audience are and to make a connection with them, so that they can be influence in to buying the company's product.

And in the given above question all of them are example of target audiences.

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2 years ago
These financial conglomerates provide a range of services, such as investment banking, commercial banking, and financial advisin
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The institution described is a Financial Services Corporation as they offer many services to customers including all the above services. The firm type depends on the services it offers.

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2 years ago
1. Analysis How many burritos will the producer supply at the price of $1? In your opinion, what is the reason for that quantity
amm1812

The number of burritos that will be supplied depends on the costs the supplier incurs.

You did not include any charts that can be used to answer this specific question so I will give a general answer.

When a supplier is deciding the price at which to supply a good, they look at:

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The most important factor is their costs. If in this case, it costs more than $1 to produce a burrito, they will not supply burritos. If their costs are less than a dollar, the number of burritos supplied will then depend on other factors but they will supply some.

In conclusion, if the cost to make the burrito is less than $1, the supplier will supply no burritos but if the cost is less, they will supply based on other factors.

<em>Find out more at brainly.com/question/1908405.</em>

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