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professor190 [17]
3 years ago
8

Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Liabilities of $25.521 million Cash of $2.010 millio

n Total Assets of $41.309 million Total Common Stock of $1.270 million. What were the Digby Corporation's retained earnings
Business
1 answer:
Reptile [31]3 years ago
7 0

Answer: $14.518 million

Explanation:

Based on he information given, we have to calculate the owner's equity first which will be:

= Assets - Liabilities

= $41.309 million - $25.521 million

= $15.788 million

Since Owners equity is the addition of the total common stock and the retained earnings. Therefore, retained earnings will be:

= Owners equity - Total common stock

= $15.788 million - $1.270 million

= $14.518 million

The retained earning is $14.518 million

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Answer:

division of labor

Explanation:

According to my research on different manufacturing techniques, I can say that based on the information provided within the question the concept being employed in this situation is called division of labor. This is a process in which a larger task is subdivided into smaller easier tasks, in which an individual or group is assigned to each small task and specializes in that section. This method is used to avoid errors in manufacturing.

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7 0
3 years ago
Zahra is an employee at colorz inc. she loves gossiping about her colleagues during office hours, which causes her to receive a
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3 years ago
Andre's Dog House had current assets of $67,200 and current liabilities of $71,100 last year. This year, the current assets are
e-lub [12.9K]

Answer:

$1400

Explanation:

Net working capital is obtained by subtracting total current liabilities from total current assets.  Current assets and liabilities are expected to be used or paid within one year.

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3 years ago
Blank is a checking that is dishonored because of insufficient funds
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3 years ago
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Which of these would Congress look to do during a recession, as it pertains to fiscal policy?
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Answer:

Raise taxes

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This will help reduce the amount of money in circulation because during recession money loses its value due to large amount of money in circulation

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