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BaLLatris [955]
3 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]3 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

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Portsmouth Company makes upholstered furniture. Its only variable cost is direct materials. The demand for the company's product
mariarad [96]

Answer:

1.- For sofa it can pay at most 60 dollars per hours

2.- 17.5 per hours

3.- It should. It will create additional gains.

Explanation:

-                                   Recliner         Sofa Love Seat

Sales                                1,400         1,800 1,500

variable                                  800         1,200 1,000

Contribution                          600            600   500

Labor Hours                               8               10       8

Contribution \: per \: hour    75              60   62.5

1.- Contribution per hour 60 dollars for SOFA

it can pay up to this amount.

2.-

contribution per hour - labor cost per hour = net

62.5 - 45 = 17.5 Contribution Margin per hour

3.-

It should hire it. t is generating additional profit.

6 0
3 years ago
Privacy act of 1974, the US government is prohibited from storing many types of data about US citizens. The act does NOT prohibi
jok3333 [9.3K]

Answer:

The correct answer is A

Explanation:

The action, looking through the paradigm of Utilitarianism would be considered ethical.

Any action especially by the ruling powers, government or political class which regardless of the rule of law is aimed at engineering the social, economic and or political levers of any state to the end that it betters society as a whole would be considered Utilitarian.

Utilitarianism is simply a theory or philosophy which preaches and teaches the need for happiness or pleasure whilst condemning any action, policy, thought or law that stimulates harm and unhappiness.

According to the question, the Privacy Act of 1974 had debarred the acquisition of Intelligence especially for the purpose of transacting business. Sooner or later it purchased, through an entity, information about its citizens on the basis of the need for National Security.

The act of seeking the welfare of the state thus becomes permissible reason under an utilitarian government for it to break a protocol or an existing edict.

Cheers!

Cheers!

7 0
3 years ago
On January 1, your company issues a 5-year bond with a face value of $10,000 and a stated interest rate of 6%. The market intere
Lapatulllka [165]

Answer:

Debit Interest Expense $440.64, Debit Premium on Bonds Payable $159.36 and Credit Cash $600

Explanation:

Amount paid in cash = $10,000 * 6% = $600

Interest expense = $11,016 * 4% = $440.64

Amortization of premium on bonds payable = Amount paid in cash - Interest expense

Amortization of premium on bonds payable = $600  - $440.64

Amortization of premium on bonds payable = $159.36.

Debit Interest Expense $440.64

Debit Premium on Bonds Payable $159.36

Credit Cash $600

5 0
3 years ago
Suppose you have the following information on Sam's budget. Sam has a yearly budget of $2000 to spend on consuming concert ticke
AleksAgata [21]

Answer:

Bundles                           A           B           C           D

Concert Tickets              80         60         20          0

Books                              0          50        150        200

Explanation:

Since each concert ticket costs $25,

  • if Sam spends $2,000 on concert tickets, he will purchase 80 tickets
  • if he spends $1,500 on concert tickets, he will purchase 60 tickets
  • if he spends $500 on concert tickets, he will purchase 20 tickets

Since each concert ticket costs $10,

  • if Sam spends $2,000 on books, he will purchase 200 books
  • if he spends $1,500 on books, he will purchase 150 books
  • if he spends $500 on books, he will purchase 50 books

6 0
3 years ago
Use the following information and the tables in the Business Math Handbook that accompanies the course textbook to answer the qu
trasher [3.6K]
<span>Answer is C. 16.75%–17.00% </span>
5 0
3 years ago
Read 2 more answers
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