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
ehidna [41]
3 years ago
11

Partial adjusted trial balance for Pina Colada Corp. at December 31, 2017, includes the following accounts: Retained Earnings $1

6,700, Dividends $4,700, Service Revenue $36,300, Salaries and Wages Expense $15,000, Insurance Expense S1,980, Rent Expense $4,000, Supplies Expense $1,590, and Depreciation Expense丰900. The balance in Retained Earnings is the balance as of January 1.
Prepare a retained earnings statement for the year assuming net income is $10,400. (List items that increase retained earnings first.)
Business
1 answer:
lara [203]3 years ago
4 0

Answer:

See below

Explanation:

Pina Colada Corp.

Retained earnings statement for the year

Retained earnings January 1 [$16,700 + $4,700 - $10,400] $11,000

Add: Net income $10,400

Less: Dividends $4,700

Retained earnings, December 31 $16,700

Therefore, ending retained earnings is $16,700

You might be interested in
Wiggins Company has 1,000 shares of $10 par preferred stock, which were issued at par. It also has 25,000 shares of common stock
Ugo [173]

Answer:

Book value par common share will be $19.6

Explanation:

We have given number of preferred stock = 1000

Value of preferred stock = $10 par preferred stock

So preferred Stock = 1000 x $10 = $10000

Total Stockholder's equity = $500000

Thus Common stock value = $500000 - $10000 = $490000

Total number of common stock = 25000 shares

So the book value per common share is = \frac{490000}{25000}=19.6

5 0
3 years ago
Mary Parker Follett felt that managers should act as ______ rather than dictators.
mr Goodwill [35]

Facilitators

Best of luck in your studies! ☺️

4 0
3 years ago
A firm has an issue of preferred stock outstanding that has a stated annual dividend of $4. The required return on the preferred
snow_lady [41]

Answer:

$64

Explanation:

A firm has an annual dividend of $4

The required return is 16%

Therefore the value of the preferred stock can be calculated as follows

= 16/100 × 4

= 0.16 × 4

= 0.64 ×100

= $64

Hence the value of the preferred stock is $64

4 0
2 years ago
Under herbert hoover, the food administration raised the price of grain so that
Fofino [41]

Hoover raised the prices of wheat and grains during World War 1 in order to incentivize farmers to produce more for the market.  

8 0
3 years ago
Kira loves Mexican food. She saw a new Mexican restaurant that had affordable prices. She went in to eat but had a bad experienc
Sergeu [11.5K]

Answer:

level of quality

Explanation:

For Kira the restaurant has a low level of quality

5 0
3 years ago
Other questions:
  • Alpha Company makes all its sales on account. Accounts receivable payment experience is as follows: Percent paid in the month of
    8·1 answer
  • Personal finance chapter 5. A Cerificate of desposit will often result in a penalty for withdrawing funds beofre the maturityy d
    14·1 answer
  • Floating rate bonds are most likely to be popular with investors when it is anticipated that:_________.
    14·1 answer
  • "You'll notice the trimming machine requires workers to pull two levers at the same time. Although this may appear inconvenient,
    10·1 answer
  • The account, Stock Investments, is:________.
    5·1 answer
  • Labor demand schedule not sure what that consists of
    11·1 answer
  • How many slides would be in a PowerPoint presentation based on the formatting of the Word outline?
    9·1 answer
  • What is a Benefit of using good human relations
    8·1 answer
  • Which f the following would likely accompany economic growth
    7·1 answer
  • At a university faculty meeting, a proposal was made to increase the housing benefits for new faculty to keep pace with the high
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!