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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

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4 0
3 years ago
If the consumption of a good generates positive externalities, then which of the following is correct? The government can subsid
vekshin1

Answer:

Both of these answers are correct.

Explanation:

Positive externality is when the benefits of economic activities to third parties exceeds its cost.

Activities that generate positive externality are

1. Education

2. Research and development

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I hope my answer helps you.

4 0
3 years ago
According to ______________, stock prices react instantaneously, completely and accurately to all publicly available information
Lelu [443]

Answer:

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4 0
3 years ago
Austin and kayla have $35,000 in debt (student loan, credit cards, car loan) but have cut up all of their credit cards and start
Klio2033 [76]

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Im this case, Austin should take the amount of his raise and use that to start paying down his debt FASTER.

6 0
3 years ago
(I don't need this answered, I just wanted to put the correct answers out there for other users)
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Answer:

1 with c

2 with b

3 with a

Explanation:

brain list pls

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