Given:
Total cash = $160,000
Notes payable = $86,000
Common stock = $52,800
Find:
Retained earnings as on December 31, 2018
Computation for retained earning:
According to Accounting Equation:
Assets = Liabilities + Stock holder equity
Total Cash = Notes payable + Common stock + Retained earning
$160,000 = $86,000 + $52,800 + Retained earning
$160,000 = $138,800 + Retained earning
Retained earning = $160,000 - $138,800
Retained earning = $21,200
Answer: Items 2, 3, 4, 6, 7, and 8
Explanation:
The M2 definition of money includes M1 money and then some other types of instruments that are quite highly liquid and so can be converted to liquid cash quickly if needed.
M2 includes:
2. Noncheckable savings deposits
3. Currency (coins and paper money) in circulation
4. Small-denominated (less than $100,000) time deposits
6. Checkable deposits
7. Money market deposit accounts
8. Money market mutual fund balances held by individuals
A and C
Life insurance and auto insurance increases with age.
Answer:
no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no
Answer:
B. controlling
Explanation:
Controlling can be defined as that function of management which helps to seek planned results from the subordinates, managers and at all levels of an organization.
The controlling function helps in measuring the progress towards the organizational goals & brings any deviations, & indicates corrective action.
The function of control consists of those activities that are undertaken to ensure that the events do not deviate from the pre-arranged plans.
The controlling function that Synthesis Inc does is as follows:
periodically reviews the goals of the company: Measurement of actual performance.
During the process, the managers of the company analyze their current strategies as compared to their competitors strategies: Measuring actual performance with the pre-determined standard and finding out the deviations.
determine goals that they will pursue, and decide upon specific actions for each area of the company to take in pursuit of these goals:d. Taking corrective action.
