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irina1246 [14]
3 years ago
13

The following information is available for the Noir Detective Agency. After closing entries are posted, what will be the balance

in the Retained earnings account
Business
1 answer:
omeli [17]3 years ago
8 0

Answer: $230,400

Explanation:

The Retained earnings account is mainly used to record how much the company retains from its past and present net incomes after paying out dividends to shareholders.

Ending Balance = Beginning balance + Net income - dividends

= 294,000 + (-27,600) - 36,000

= $230,400

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The economy is in long-run equilibrium. Technological change shifts the long-run aggregate supply curve $120 billion to the righ
dolphi86 [110]

Answer:

C. Real GDP would be higher but the price level would be the same

Explanation:

Real gdp would get to be higher as long run aggregate supply goes up. Prices would go down because as long run aggregate supply goes up, aggregate demand does not experience the same proportional increase. As long run aggregate supply goes up, short run aggregate supply falls backwards.

8 0
3 years ago
N a just-in-time logistics system, __________. producers supply products to resellers before customers place their orders produc
Reika [66]
Retailers carry small inventories of merchandise to last for only a few days, in a just-in-time logistic system. In a just in time logistic system, the retailers carry small inventories of the merchandise to last for only a couple of days. So the answer in this question is the retailers carry small inventories of merchandise to last for only a few days.
8 0
3 years ago
At the end of the year, a company reports a balance in its Allowance for Uncollectible Accounts of $1,700 (debit) before any yea
iren2701 [21]

Answer:

Bad debt expense $11,320   ($283,000 × 4%)

      To Allowance for doubtful debts $11,320

(being the bad debt expense is recorded)

Explanation:

The journal entry is shown below:

Bad debt expense $11,320   ($283,000 × 4%)

      To Allowance for doubtful debts $11,320

(being the bad debt expense is recorded)

For recording this given transaction, we debited the bad debt expense as it increases the expenses account and at the same time it decreases the account receivable so the allowance would be credited so that the proper posting could be done

7 0
3 years ago
Recommendations for a successful pitch include all of these except:​
Inga [223]
The answer is letter a, it is because when doing a successful pitch or in order to achieve one, a person is not even required to stand behind a podium as it does not necessarily need or refer to a specific place to stand on when delivering a pitch but it is more important to show the product or service to attract the consumers.
8 0
3 years ago
(Ignore income taxes in this problem.) If you wanted to withdraw $12,000 from a bank account at the end of each of the next 20 y
prisoha [69]

Answer:

The money should be invested in bank = $137,639.05

Explanation:

Given  annually withdrawal money (annuity ) = $12000

Number of years (n ) = 20 years

Interest rate  = 6 percent.

Since a person withdraw money annually for next 20 years with 6 percent interest rate. Now we have to calculate the amount that have been invested in the account today. So below is the calculation for invested money.  

\text{Present value of annuity} = \frac{Annuity [1-(1 + r)^{-n}]}{rate} \\= \frac{12000 [1-(1 + 0.06)^{-20}]}{0.06} \\=12000 \times 11.46992122 \\=137,639.05

4 0
3 years ago
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