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
Anit [1.1K]
3 years ago
11

The Andrews company currently has the following balances in their equity accounts: Common Stock $12,079 Retained earnings $90,36

9 Suppose next year the Andrews company generates $46,300 in Net Profit, and declares and pays $16,000 in Dividends. What will Andrews ending balance in Retained Earnings be next year
Business
1 answer:
GarryVolchara [31]3 years ago
6 0

Answer:

$120,669

Explanation:

Ending Retained Earnings = Opening Retained Earning + Net Income - Dividends

therefore,

Ending Retained Earnings =  $90,369 +  $46,300 - $16,000 = $120,669

thus,

Ending balance in Retained Earnings be next year will be  $120,669

You might be interested in
In thinking about it, Jerzy realizes that he and Leon could create a shoe-manufacturing facility in Spain. Doing so would certai
SIZIF [17.4K]

Answer:

In thinking about it, Jerzy realizes that he and Leon could create a shoe-manufacturing facility in Spain. Doing so would certainly require a large outlay of money, but Jerzy thinks that with his expertise in shoe design and Leon’s expertise in navigating Spanish management and business practices, they could create a partnership that has true synergy Licensing

Explanation:

Jerzy and Leon thought they could be licensed to start the business since both of them are expertise in design and navigatingspanish management and business practices. These should give them the edge to be licensed and kickj start the business of shoe manufacturing

7 0
3 years ago
Lucy works in an office that has nonterritorial workspaces. this is new to her, and she would like to display good open office e
KonstantinChe [14]
Lucy should <span>Speak in a soft voice and wear headphones to cut down on noise.
In nonterritorial workspaces, the sound that an employee made will be heard by another employees around her.
This will most likely negatively affect your surrounding because your noise will distract your coworkers and affect their productivity</span>
3 0
3 years ago
The Acmeville Metropolitan Bus Service currently charges $0.88 for an all-day ticket, and has an average of 433 riders a day. Th
cupoosta [38]

Answer:

Absolute value of the price elasticity of demand = 6.8 (ELASTIC)

Explanation:

<em>(See attached)</em>

Download docx
3 0
3 years ago
Patti Company owns 80% of the common stock of Shannon, Inc. In the current year, Patti reports sales of $10,000,000 and cost of
Elden [556K]

Answer:

$10,140,000

Explanation:

To make consolidated statements company needs to consolidate the financial data of its own and its subsidiary.

Revenue can be consolidated of parent and subsidiary as follow:

First

Add revenue of both companies

Total Sales = Patti Company sales + Shannon Inc. sales

Total Sales = $10,000,000 + $200,000 = $10,200,000

Now deduct the sale made to each other because sales mad within the group is not recorded for consolidation purposes and it is not a sale for a group it is an internal group transfer.

Consolidated Sales = Total sales - Internal Sales

Consolidated Sales = $10,200,000 - $60,000 = $10,140,000

8 0
3 years ago
The Hill Company reported the following results:
krok68 [10]

Find the attachments for complete answer

8 0
3 years ago
Other questions:
  • Managers need to be aware of exit and neglect behaviors in response to dissatisfaction because they impose a negative influence
    14·1 answer
  • Which best explains how the invention of money affected the barter system?
    5·2 answers
  • In the country of Normian Republic, an individual's right to own land is restricted to a large extent on the basis that it runs
    10·1 answer
  • What is the name of the company, and what is its mission?
    11·1 answer
  • Marginal benefit is A. the additional benefit from consuming one more unit. B. a legally determined maximum price that sellers m
    7·1 answer
  • _____ macroeconomists focused on the _____ effects of _____ policy on the aggregate price level, ignoring any _____ effects on a
    8·1 answer
  • Market positioning
    11·1 answer
  • Good internal controls over the write-off of uncollectible accounts include appropriate review of ________ by management to ensu
    15·1 answer
  • In the business world, you need this trait so you can stay ahead of the competition. independence risk-taking self-assurance con
    7·1 answer
  • Please answer correct 100 points and brainiest I'm timed please answer a real answer
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!