Answer:
The ending balance of retained earnings for the company $ 140.000
Explanation:
Retained Earnings increase the balance with the Net Income of each year that it's not withdrawalled by the owner or because are not paid dividends, to this case the owner only withdraw $10.000 of $50.000 generated during the year.
Answer:
$70
Explanation:
Total revenue from three employees:
= No. of gallons of paint produced × Selling price per gallon
= 40 × $15
= $600
Total revenue from four employees:
= No. of gallons of paint produced × Selling price per gallon
= 48 × $15
= $720
Total revenue created by 4th worker:
= Total revenue from four employees - Total revenue from three employees
= $720 - $600
= $120
Cost of hiring 4th worker = $50 per day
Therefore,
Marginal profit for the fourth employee:
= Total revenue created by 4th worker - Cost of hiring 4th worker
= $120 - $50
= $70
Answer:
Adding up basic monthly expenses and subtracting this total from take-home pay, plus trying to find out ways or figuring out what to give up to make the monthly loan payment.
Explanation:
A loan is simply a borrowed money that must be repaid at a certain point in time.
Before taking out a loan, it is better you ask yourself some questions like the reason for the loan collection, how much am i earning and willing to set aside for the loan repayment and will it be monthly and other questions.
Answer:
Realized gain is $297,144
Recognized gain is $47,144
Adjusted basis for new residence is $175,000
Explanation:
•Ted's Realized gain:
Sales price $368,000 - basis $48,776 - expenses $22,080 = $297,144.
• Ted's Recognized gain:
Realized gain $297,144 - exclusion upto $250,000 = $47,144.
• Ted's basis of the new residence is its cost of $175,000.
Answer: Option(a) is correct.
Explanation:
Total Revenue = Units sold × price per unit sold
= 11,000 × $75
= $825,000
Explicit cost = Units sold × cost per unit
= 11,000 × $55
= $605,000
Implicit cost = Earning at state university + Entrepreneurial talent + cash bonds at 10% interest
= $45000 + $5,000 + ($100,000 × 10%)
= $60,000
Economic profits = Total Revenue - (Explicit cost + Implicit cost)
= $825,000 - ($605,000 + $60,000)
= $825,000 - $665,000
= $160,000
