All categories

3 years ago

A Company had beginning retained earnings of $190,000, net income of $52,000, and

Business

1 answer:

olga_2 [115]3 years ago

3 0

Answer:

$190,000

Explanation:

Retained earnings are the profits not distributed to shareholders as dividends. In a given period, retained earnings will be the difference between profits and dividends.

I.e., retained earning = profits - dividends.

Therefore, Ending retained earning can be calculated as

Beginning retained earning + profits - dividends.

In this case

retained earnings = $190,000 + $52,000 - $52,000

=$242,000 - $52,000

=$190,000

You might be interested in

Why is it important that ""links live forever"" when designing an internet-based electronic commerce system?

Elenna [48]

"Links live forever" is very important when designing commercial internet based electronic sites. Link live forever has the following 4 important reasons:

Customer bookmarks
Links from other sites
Search engine referrals
Old content adds value

When designing an electronic internet-based site, it is important that all the links live forever. The reasons are:

Customer bookmarks: When the website is live, customers who are interested in your specific product may bookmark that page for later use. For example, customers bookmark a link that navigates them later to that page. If the link is live, then customers visit that link/page again without any hassles.
Links for other sites: Sometimes other sites link your link (website/page/product page) to some pages where they want to navigate the customer/visitor to their site. If the link is live, then customers/visitors easily visit your website/page/product page.
Search Engine Referrals: Search engines rank the site on the content you are providing on the given link. When a search engine refers the visitor to your website, if it is life then the visitor will be served otherwise a dead link will disappoint both visitor and search engine.
Old content adds value: Keeping the link of old content live adds value to your website and adds value for your user. Keeping links of old content live serves the visitors best because their interest may be renewed, searching about historical events, and searching for older information.

So, it is very important to keep the links live forever of the commercial internet-based websites.

You can learn more about commercial website at brainly.com/question/18119179

#SPJ4

5 0

2 years ago

The profit earned from the sale of stock that has increased in value is known as

schepotkina [342]

Answer:

a capital gain . that is c

3 0

3 years ago

Read 2 more answers

John Jansen, an employee of Redwood Company, had gross earnings for the month of May of $4,000. FICA taxes are 7.65% of gross ea

Anastasy [175]

Answer:

The net pay for John Jansen is $2894

Explanation:

For calculating the net pay for John Jansen we have to subtract all the FICA taxes and federal income taxes and also state income taxes, with authorized voluntary deductions also being subtracted from the gross earnings .

Given information - Gross earning = $4000

FICA taxes = 7.65%

Federal income taxes = $675

State income taxes = 3%

Authorized voluntary deductions = $5

One important to remember here is that FICA taxes and State taxes would be calculated on the gross earnings of John

FICA taxes = 7.65% of $4000

= .0765 x $4000

= $306

State taxes = 3% of $4000

= .03 x $4000

= $120

NET PAY = gross earnings - FICA tax - state tax - federal income tax -

authorized voluntary deduction

= $4000 - $306 - $120 - $675 - $5

= $2894

7 0

3 years ago

Which crimes are complete when the criminal act and criminal intent occur and there is no requirement for resulting harm?

natta225 [31]

Conduct crimes

Hope this helped!

4 0

3 years ago

A partial list of Waterways' accounts and their balances for the month of November 2016 follows:

lesya [120]

Answer:

Total current assets = $697,750

Explanation:

The partial balance sheet is as follows:

Waterways Corporation

Balance Sheet (Partial)

For the month of November 2016

Details $ $ 

Current Assets

Cash 260,000

Accounts Receivable 275,000

Finished Goods Inventory, November 68,800

Raw Materials Inventory, November 52,700

Prepaid Expenses 41,250

Total current assets 697,750

Note:

Cash is the most liquid of assets.

Accounts receivable which should be collected within 30 to 60 days are less liquid than cash, but more liquid than inventory.

Finished Goods Inventory which is expected to be sold and converted to cash within one year, and Raw Materials Inventory which is expected to be converted to finished good within one year are more liquid than Prepaid expense.

Therefore, the least liquid among current assets’ item above is the Prepaid Expense as it is cash paid for services not yet received..

4 0

3 years ago