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DochEvi [55]
3 years ago
13

Swifty Corporation started the year with $45600 in its Common Stock account and a credit balance in Retained Earnings of $33400.

During the year, the company earned net income of $36500 and declared and paid $15200 of dividends. In addition, the company sold additional common stock amounting to $21300. As a result, the amount of its retained earnings at the end of the year would be
Business
1 answer:
PIT_PIT [208]3 years ago
6 0

Answer:

Retained earnings balance =$54,700

Explanation:

Retained earnings is the proportion of profit made by a company which is not distributed as dividend but rather re-couped to be re-invested. A payment of dividend would reduce the balance of retained earnings while further profit retained increases it.

The balance of retained earnings at the end = opening balance + profit retained for the year - dividend paid for the year

= 33,400 + 36,500 - 15,200 = $54,700

Retained earnings balance =$54,700

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3 years ago
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Answer: halo error

                                     

Explanation: In simple words, halo error refers to the mistake or bias that occur in the performance evaluation when someone evaluates other on the basis of their personal perception and not on the basis of the performance done by that individual.

In the given case, Letitia is evaluated above than others although she sells lesser volume than others. This happens due to the perception of her supervisor that customer service is more important.

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describe your management experience , including a time you effectively resolved a difficult situation from a management capacity
Korolek [52]

Answer:

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6 0
3 years ago
Striker 44 Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the pro
Gnoma [55]

Answer:

correct option is A. ​$331,000

Explanation:

given data

Direct materials =  ​$86,000

Direct labor ​= 130,000

Variable factory overhead = ​57,000

Fixed factory overhead ​= 135,000

Total costs = ​$408,000

avoidable =  $58,000

to find out

highest price that McMurphy should be willing to pay for​ 12,000 units of the part is

solution

we get here highest price that McMurphy should be willing to pay for​ 12,000 units of the part that is express as

highest price  = Direct material + Direct Labor + variable factory overhead + avoidable fixed overhead   .....................1

put here value we get

highest price  = $86000 + $130000 + $57000 + $58000

highest price  = $331,000

so correct option is A. ​$331,000

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4 years ago
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