<u>Calculation of ending retained earnings balance after closing:</u>
The balance in ending retained earnings after closing can be calculated as follows:
Balance in retained earnings account before closing $297,000
Add: Revenues $185,000
Less: Expenses $103,700
Less: Dividends $18,000
Ending retained earnings balance after closing = $360,300
Hence, The balance in ending retained earnings after closing is <u>$360,300</u>
Answer:
e. reinforcement
Explanation:
Reinforcement advertising is a type of product advertising that aims to reassure the customer he/she is doing the right thing by purchasing or consuming the product.
In this example, Campbell's soup is promised to be the right choice, given that your family has already used it, meaning it is tested and tried by people closest to you. This brings <u>extreme relevance to the advertising message and reinforces your choice</u> to buy this particular brand,
Answer: Option (d) is correct.
Explanation:
Given that,
Operating income = $80,000
Interest expense = $15,000
Average number of shares of outstanding stock during the year = 30,000 shares
Times interest earned ratio = 
=
= 5.33
So, the nearest value in the options is 5.0.
Therefore, option (d) is correct.
Answer:
a.The rate of inflation
Explanation:
Inflation means rise in the consumer price index i.e. the weighted average of prices belong to the different kinds of goods. It could be measured by taking the difference of CPI and dividing it by the previous year CPI
The rate of inflation would be most impacted to the purchasing power of people income
Therefore the option a is correct
Answer:
total interest = $1125
Explanation:
given data
principal = $27,000
rate = 5 %
time = 10 months
to find out
total interest
solution
we get here total interest that is express as
total interest = principal × rate × time ....................1
put here value and we get
total interest = $27,000 × 5 % × 
total interest = $1125
