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
siniylev [52]
2 years ago
7

Applying Closing Procedures Assume you are in the process of closing procedures for Echo Corporation. You have already closed al

l revenue and expense accounts to the Retained Earnings account. The total debits to Retained Earnings equal $308,800 and total credits to Retained Earnings equal $347,400. The Retained Earnings account had a credit balance of $99,000 at the start of this current year. What is the post-closing ending balance of Retained Earnings at the end of this current year
Business
1 answer:
pav-90 [236]2 years ago
7 0

Answer:

See below

Explanation:

Given the above details, post closing ending balance of retained earnings would be calculated by

= Debit balance in the retained earning + credit in the retained earnings - Credit balance in the retained earnings

= $308,800 + $99,000 - $347,400

= $60,400

You might be interested in
Downtown! is a rapidly growing web-based retailer with about 100 management and technical support employees at its headquarters
ivanzaharov [21]
Where did the answer go after I signed up?  I sign up and the answer disapperas?
5 0
3 years ago
Read 2 more answers
Assume that a U.S. firm considers investing in British one-year Treasury securities. The interest rate on these securities is 12
MArishka [77]

Answer:

equal to the british interest rate

Explanation:

Data provided in the question

The Interest rate on these securities = 12%

In the U.S, the interest rate = 10%

Also the spot rate for today would become suitable for the spot rate

Based on the above information, the effective yield on the british securities would be equivalent to the british interest rate and hence the same is to be considered

7 0
2 years ago
The Dulac Box plant works two 8-hour shifts each day. In the past, 500 cypress packing boxes were produced by the end of each da
Alex787 [66]

The level of productivity is now approximately 40.6 boxes/hr

<h3>What is Productivity</h3>

Productivity refers to a ratio between a output volume and volume of input.

<u>Given data</u>

Working hours = 2*8 hours = 16 hours

New productivity = 500 + 0.3*500

New productivity = 650 box/day

New productivity =650/16 box/hour

New productivity = 40.625 box/hour

Hence, the level of productivity is now approximately 40.6 boxes/hr

Therefore, the Option B is correct.

Read more about productivity

<em>brainly.com/question/2992817</em>

7 0
1 year ago
You save $5,000.00 and invest 60% of it in stocks while leaving the rest in a savings account earning a 4.9% APR. The stock incr
LiRa [457]
Amount invested in stocks 5,000 X 0.60 = 3,000

After one year gains 9%
3,000 X ( 1 + 0.09) = 3,270

After second year loses 4%
3,270 X ( 1 - 0.04) = 3,139.2 amount after second year

So Stocks gained 139.2 ( 3139.2 - 3000)

Amount of saving account
5,000 X 0.40 = 2,000

After 2 years
2,200 X ( 1 + 0.049)^(2) = 2,200.802

So gained 200.802 (2200.802 - 2000)

Total amount after 2 years
3,139.2 + 2,200.802 = 5,340.002

Gained 340.002 (5340.002 -5000)
7 0
3 years ago
In the post-Reconstruction era most African-Americans in the South had little opportunity for economic advancement, and worked m
grin007 [14]
<span>Overwhelmingly, blacks refused to work in gangs under the direction of an overseer and generally preferred renting land to working for wages. African American's took the opportunity of freedom to educate themselves, band together, and work towards a more equal and fair life for not only themselves, but also their families.</span>
6 0
3 years ago
Other questions:
  • President obama announced a $100,000,000 humanitarian aid package to haiti to support its earthquake relief. england's parliamen
    13·1 answer
  • Explain how wheeled coach implements ABC analysis
    12·1 answer
  • A report found that the real entry-level wage for college graduates declined by 6 percent between 2003 and 2010.
    14·1 answer
  • A wholly owned subsidiary is appropriate when the firm wants Multiple Choice 100 percent of the profits generated in a foreign m
    8·1 answer
  • This principle suggests that a certain amount of money today has different buying power than the same amount of money in the fut
    9·1 answer
  • The management of Fannin Corporation is considering dropping product H58S. Data from the company's accounting system appear belo
    8·1 answer
  • What is an example of a long term liability?
    6·2 answers
  • Makeria bought an investment for $300. Two years later she sold it for $360, what was her total ROI as a percentage?
    10·1 answer
  • Perit Industries has $165,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternat
    6·1 answer
  • 2
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!