1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vesna [10]
4 years ago
13

The following amounts represent totals from the first three years of operations. Calculate the balance of Retained Earnings at t

he end of 2021.
Years Net Income (loss) ($) Net Cash Flow ($) Devidens ($) Insurance of Stock ($)
2019 1,200 500 200 2,000
2020 500 300 0 0
2021 2,300 2,800 200 0

(A) $2,600
(B) $4,600
(C) $3,100
(D) $3,500.
Business
1 answer:
N76 [4]4 years ago
4 0

Answer:

D. $3,500

Explanation:

we must focus on the result of the year and the dividends paid, since these decrease the  <u>Retained Earnings</u>

Cash flow has no impact and the insurance of stock  is within the result of the year

2019, income was 1200 less dividends allocated

200

<u>Retained Earnings</u>= 1000

2020 result of 500 without dividend distribution

<u>Retained Earnings</u>= 500

2021 result of 2300 and distribution of dividends by 300

<u>Retained Earnings</u>= 2000

<u>Total Retained Earnings</u>= 3500

You might be interested in
"For the next three questions, assume there is $20 per unit tax levied on the consumers of guitars. What price will buyers pay a
zloy xaker [14]

Answer:

The consumer will pay $200 after the tax is imposed.

Explanation:

if the tax of $20 per unit is levied on the consumers of guitars, thenthe demand: P = 300 - 0.5*Q

180 + 20 = 300 - 0.5*Q

Therefore, The consumer will pay $200 after the tax is imposed.

5 0
4 years ago
Ryan attends a seminar on environmental conservation, and afterward decides to contribute to the conservation of the environment
zheka24 [161]
The answer to the given question above would be the third option. Based on the given scenario above about Ryan who attended a seminar on environmental conservation, what he can do to achieve his objective is to <span> use a compost pile to dispose of food wastes. Hope this helps.</span>
7 0
4 years ago
Read 2 more answers
It would be acceptable to have the selling price of a product just above the variable costs and expenses of making and selling i
Gnoma [55]

Answer:

B.both the short run and long run.

8 0
3 years ago
Read 2 more answers
Liddy Corp. began constructing a new warehouse for its operations during the current year. In the year Liddy incurred interest o
hjlf

Answer: $20,000

Explanation:

From the question, we are told that Liddy Corp. began constructing a new warehouse for its operations in the current year and that Liddy incurred interest of $10,000 on a working capital loan, and an interest on a construction loan for a warehouse of $70,000. The interest that was computed on the average accumulated expenditures for the warehouse construction was $60,000.

To calculate the amount of interest that Liddy should expense for the year, we add the $10,000 Liddy interest that Liddy incurred on a working capital loan plus the interest on the construction loan for the warehouse of $70,000. We then subtract the expenditure of $60,000 from the value gotten. This will be:

= $10,000 + $70,000 - $60,000

= $20,000

The amount of interest should Liddy expense for the year is $20,000.

7 0
4 years ago
Read 2 more answers
Inexperienced employees may include ________ as ________, resulting in an overstatement of assets.
Leokris [45]

Inexperienced employees may include consigned goods as inventory resulting in an overstatement of assets.

<h3>What is inventory ?</h3>

Inventory, also known as stock, refers to the goods and materials that a company keeps for the purpose of resale, production, or use. Inventory management is primarily concerned with specifying the shape and placement of stocked goods.

There are four types of inventory: raw materials/components, work in progress (WIP), finished goods, and maintenance and repair (MRO).

Inventory valuation methods include FIFO (First In, First Out), LIFO (Last In, First Out), and WAC (Weighted Average Cost).

In accounting, inventory is classified as a 'current asset' that a company or business keeps for less than a year. Expenses, accounts receivable, and insurance plans are also examples of current assets.

To know more about inventory follow the link:

brainly.com/question/24868116

#SPJ4

8 0
2 years ago
Other questions:
  • Investing in, controlling, and managing value-added activities in another country is called:
    9·1 answer
  • 6. Accessing funds in time deposit accounts is
    7·1 answer
  • Which kind of union involves workers of a particular trade or occupation?
    13·2 answers
  • Outsourcing:
    10·1 answer
  • The Coca-Cola Company owns 28 percent of the voting stock of Coca-Cola FEMSA, acquired at book value. Assume that Coca-Cola FEMS
    13·1 answer
  • Clarion Corp. invested cash in a 6-month certificate of deposit (CD) on November 1, 2015. If Clarion Corp. has an accounting per
    7·1 answer
  • Think of a firm that has attained a differentiation focus or cost focus strategy. Are its advantages sustainable? Why? Why not?
    12·1 answer
  • Haven Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $600,000 and cre
    10·1 answer
  • Select the answer that best describes why the return on investment (ROI) for higher education is high even thought the cost of c
    9·1 answer
  • What are the differences between the transportation of goods through waterways and roadways​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!