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
BaLLatris [955]
2 years ago
9

Waterway Industries started the year with $66000 in its Common Stock account and a credit balance in Retained Earnings of $48400

. During the year, the company earned net income of $52800, and declared and paid $22000 of dividends. In addition, the company sold additional common stock amounting to $30800. As a result, the balance in retained earnings at the end of the year would be
Business
1 answer:
Degger [83]2 years ago
8 0

Answer:

$79,200

Explanation:

The computation of retained earning at year end is seen below;

= Opening retained earning balance + Net income - dividend paid

= $48,400 + $52,800 - $22,000

= $79,200

Therefore, the retained earnings balance is $79,200

You might be interested in
According to Platinum Rule Behavioral styles, a Thinking (T) individual prefers to make decisions based on:
prisoha [69]

Answer:

B) Thoughts anf Facts

Explanation:

U 2 can help me by marking as brainliest.........

7 0
2 years ago
Without specifics, a goal isn't very_____.<br><br> motivating<br> accurate<br> needed<br> useful
Vlad1618 [11]
Accurate. PLEASE GIVE ME BRAINIEST
6 0
3 years ago
What is the difference between sole proprietor and partnership?
sveticcg [70]

Answer:

A sole proprietorship is a person who owns the business and is personally responsible for its debts. It is not a legal entity.

A partnership partnership shares the responsibilities, resources, and losses

Explanation:

3 0
3 years ago
A monopoly is considering selling several units of a homogeneous product as a single package. a typical consumer's demand for th
just olya [345]

Answer:

A. 15 units

B. $130

Explanation:

In order to solve this, we need to use the profit maximization condition for monopoly.

MR = MC will give us the optimal quantity and price for the monopolist.

The consumer's demand for the product is:

Qd = 80 - 0.5P

Therefore, we have:

P = (80 / 0.5) - (Qd / 0.5)

P = 160 - 2Qd

Recall that, Total Revenue:

TR = P * Q

So, in this case TR = 160Q - 2Q^2

MR = d(TR) / dQ = 160 - 4Q

Now, MR = MC

160 - 4Q = 100

4Q = 160 - 100

4Q = 60

Q = 60 / 4

Q = 15 units.

Now, P =160 - 2Q

P = 160 - 2(15)

P = 160 - 30 = 130

The optimal number of units to be placed in a package will therefore be 15 units while the firm should charge $130 for this package.

7 0
3 years ago
What are aspects of a free enterprise system?
Ierofanga [76]

Answer:

A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition.

Hope this helps!

7 0
3 years ago
Other questions:
  • A project costs $12,800 and is expected to provide a real cash inflow of $10,000 at the end of each of years 1 through 5. Calcul
    11·1 answer
  • A coworker tells you that she put the wrong meeting date in a recent e-mail to an investor; subsequently, the investor missed th
    14·1 answer
  • Hemming saw an advertisement for a Cadillac convertible once owned by the famous early rock ’n’ roll singer Elvis Presley. He co
    11·1 answer
  • The rental real estate exception favors: A. lower-income taxpayers (AGI less than $80,000). B. middle-income taxpayers (AGI grea
    11·1 answer
  • Restate the following income statement for a retailer in contribution format. Sales revenue ($100 per unit) $ 98,000 Less cost o
    8·1 answer
  • Which statement describes a convention used by Italian Baroque artist Caravaggio in The Conversion of Saint Paul?
    8·1 answer
  • Company X had net income of $200,000 in the year 2016. At the beginning of 2016, there were 500,000 shares of outstanding common
    7·1 answer
  • Suppose that a group of 10 people join a weight loss program for 3 months. Each person’sweight is recorded at the beginning and
    11·1 answer
  • Which of the following should you NOT do to protect yourself from exposure to bloodborne pathogens?
    11·1 answer
  • XBRL assurance is generally expected to include all of the following except: Multiple Choice Assurance that the most current, st
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!