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Anarel [89]
3 years ago
8

DW has an ending Retained Earnings balance of $51,600. If during the year DW paid dividends of $4,100 and had net income of $21,

100, then what was the beginning Retained Earnings balance
Business
1 answer:
VikaD [51]3 years ago
4 0

Answer:

$34,600

Explanation:

The computation of beginning retained earnings balance is seen below:

But we know that;

Ending balance of retained earnings = Beginning balance of retained earnings + Net income - Dividend paid

$51,600 = Beginning retained earnings + $21,100 - $4,100

Beginning retained earnings = $51,600 - $21,100 + $4,100

Beginning retained earnings = $34,600

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Innovative entrepreneurs and their business firms that destroy existing business models are referred to as ________.A) crowdfund
Salsk061 [2.6K]

Answer: C) disruptors

Explanation:

Disruptors as the term implies, tend to disrupt the normal way of doing things by creating new and more efficient methods of production that will usurp the dominance of those are the top such that they eventually take over the industry.

In coming up with new ways of doing things, these disruptors are innovators and they are usually entrepreneurs who are not weighed down by the belief that the industry should work in a certain way and so they are more open to coming up with these new ideas that are so disruptive.

3 0
3 years ago
Smythe Co. makes furniture. The following data are taken from its production plans for the year. Direct labor costs $ 5,870,000
Elenna [48]

Answer:

$2.80 per chair

$2.25 per table

Explanation:

If cost is assigned at a rate based on direct labor hours, the total disposal cost for chairs and tables is, respectively:

D_c=\frac{254,000}{16,400+254,000}*\$630,000=\$591,789.94\\D_t=\frac{16,400}{16,400+254,000}*\$630,000=\$38,210.06\\

The respective disposal cost per unit is:

C = \frac{\$591,789.94}{211,000}=\$2.80/chair\\ T=\frac{\$38,210.06}{17,000}=\$2.25/ table

5 0
3 years ago
Read 2 more answers
A commercial cleaning company spends an average of $500 per year, per customer, in supplies, wages, and account maintenance. An
VLD [36.1K]

Answer:

$1,250

Explanation:

The computation is shown below:

Customer life time value = Gross contribution margin × (yearly retention rate ÷ 1 + yearly discount rate - yearly retention rate)

= $500 × (0.8 ÷ 1 + 0.12 - 0.80)

= $400 ÷ 0.32

= $1,250

The gross contribution margin would be

= $1,000 - $500

= $500

hence, the estimate for the lifetime value os $1,250

5 0
3 years ago
People often make decisions on the basis of a mental accounting. One facet of this accounting is making a decision based on the
pshichka [43]

Answer: framing

Explanation:

From the question, we are informed that people often make decisions on the basis of a mental accounting and that one facet of this accounting is making a decision based on the way a problem was posed.

The above situation is referred to as framing. The way a problem is actually leads to the way the problem will be solved.

4 0
3 years ago
Demand each period is normally distributed and an order-up-to model is used to decide order quantities. Which of the following i
zmey [24]

Answer:

Correct answer is G.

I, II and III

Explanation:

Order-up-to-level (T) = d(P+L) + safety stock

d = mean demand

When Lead time is fixed,

Safety stock = function of (std deviation of demand, L, P, in-stock probability)

When Lead time also has variability,

Safety stock = function of (std deviation of demand, std. deviation of lead time, d, L, P, in-stock probability)

So, in any case, T will depend on d, std deviation of demand, and in-stock probability.

6 0
3 years ago
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