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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 company would like to evaluate two incentive schemes that take effect once the worker exceeds standard performance. In the fir
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Answer:

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   plan 2 : worker earning y  = 0.5x + 0.5, unit labor = (0.5x + 0.5) / x

C) At 128%

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Explanation:

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Plan 1 :

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y = x - 0.14  therefore unit labor = \frac{x-(0.14)}{x}

plan 2 :

y  ( percentage earning of worker ) = 1,   y  = 0.5x + 0.5

unit labor cost :  Y / 1  =  (0.5x + 0.5) / x

C )  The point at which the two plans break even

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0.5 + 0.14 = x - 0.5x

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Fluno Corporation has 1 million shares outstanding at the end of fiscal 2005. Its stock is trading at $15 per share. It issued $
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Answer:

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If the Fed wants to reduce the money supply in the economy, it issues out bonds and security at attractive interest rates. The banks will opt to invest with the government, which is risk-free rather than loan out to households and firms. By selling bonds and securities, the Fed mops out all the excess money in the economy.

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3 years ago
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