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jonny [76]
3 years ago
6

Retained earnings, December 31, 2012 $ 306,800 Cost of equipment purchased during 2013 29,000 Net loss for the year ended Decemb

er 31, 2013 4,000 Dividends declared and paid in 2013 14,300 Decrease in cash balance from January 1, 2013, to December 31, 2013 11,100 Decrease in long-term debt in 2013 14,000 Required: From the above data, calculate the retained earnings balance as of December 31, 2013. (Negative amounts should be indicated by a minus sign.)
Business
1 answer:
aksik [14]3 years ago
3 0

Answer:

$288,500

Explanation:

Particulars                                                          Amount

Retained Earnings Dec 31, 2012                      $306,800

Less: Net Loss for the Year                              $4,000

Less: Dividend declared and paid in 2013      <u>$14,300</u>

Retained Earnings Dec 31, 2013                     <u>$288,500</u>

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A sample of 51 elements is selected to estimate a 95% confidence interval for the variance of the population. The chi-square val
lorasvet [3.4K]

Answer:

Correct option: (b) 32.357 and 71.420

Explanation:

The confidence interval for population variance <em>σ</em>² is:

\frac{(n-1)s^{2}}{\chi^{2}_{\alpha/2, (n-1) }}\leq  \sigma^{2}\leq \frac{(n-1)s^{2}}{\chi^{2}_{(1-\alpha/2), (n-1) }}

Given:

n=51\\\alpha =1-0.95=0.05

Compute the critical values of chi-square as follows:

\chi^{2}_{\alpha/2, (n-1)}=\chi^{2}_{0.025,50}=71.42

\chi^{2}_{(1-\alpha/2), (n-1)}=\chi^{2}_{0.975,50}=32.36

Use the chi-square table for the critical value.

Thus, the critical values are 32.36 and 71.42.

5 0
3 years ago
A current trend in management is to include ______ in the strategic planning process. Group of answer choices customers and supp
ziro4ka [17]

Answer:

A current trend in management is to include customers and suppliers  in the strategic planning process.

Explanation:

The process of involving the customers is called co-creation and is a popular business practice nowadays. E.G. The use of social media for naming the most recent album of a band.

4 0
4 years ago
On January 1 of the current year, Barton Corporation issued 10% bonds with a face value of $200,000. The bonds are sold for $191
Verdich [7]

Answer:

a. $21,800

Explanation:

The discoun of issuance of the bond is amortized over the period until maturity. Total Interest expesne on a discounted bond is the sum of the coupon payment and the amortization of the discount amount.

Coupon payment = $200,000 x 10% = $20,000 per year

Discount on the bond = $200,000 - $191,000 = $9,000

Discount amotized per year = $9,000 / 5 = $1,800

Total Interest Expense = Coupon Payment + Amortization of Discount

Total Interest Expense = 20,000 + 1800 = $21,800

5 0
3 years ago
MSI is considering outsourcing the production of the handheld control module used with some of its products. The company has rec
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Answer:

1)

cost of making (14000*22) = 308000

cost of buying (14000*(18+6)) = 336000

Difference cost = 28000

2)

No, Since, there is not other use of fixed cost, therefore, fixed cost will be a part of cost of buying.

3-a)

cost of making (14000*22) = 308000

cost of buying (14000*18) = 252000

3-b)

Yes, Since, there is other use of fixed cost, therefore, fixed cost will not be a part of cost of buying.

8 0
3 years ago
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Fred ran short on cash and borrowed​ $300 through a payday loan company. the company charged him a fee of​ $60 to borrow the​ $3
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<span>The answer is 1.43 % per day. Calculations: Formula for simple interest: I=PRT, where I=interest; P= borrowed amount; R=rate of interest in percentage; T=time for repayment hence; P=$300, I=$60, T=14 days, then R=? R={(I/PT) *100)}% per day={(60/300*14)*100}=1.43 % per day interest rate (R) that Fred was charged for the aforementioned loan was 1.43 % per day</span>
3 0
3 years ago
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