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Goshia [24]
3 years ago
9

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

he end of 2018.
2016 2017 2018
Net Income: $1,200 -$500 $2,300
Net Cash Flows: $500 $300 $2,800
Dividends: $200 $0 $200
Issuance of Stock: $2,000 $0 $0
A) $4,600
B) $2,600
C) $3,100
D) $3,500
Business
1 answer:
LiRa [457]3 years ago
6 0

Answer:

B) $2,600

Explanation:

Retained earnings in each is computed as net income minus dividends

In year 2016 retained earnings=$1200-$200=$1000

In year 2017 retained earnings=2016 retained earnings+net income-dividends

2017 retained earnings=$1000-$500+$0=$500

2018 retained earnings=2017 retained earnings+net income-dividends

2018 retained earnings=$500+$2,300-$200

2018 retained earnings=$2,600

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3 years ago
The following data are for a series of increasingly extensive flood-control projects.
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Answer:

$28,000 and $12,000, respectively

Explanation:

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Marginal benefit = incremental benefit from Plan C to Plan D

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3 years ago
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Sammy's is the hot new lunch spot among the hipsters, who flock there at noon for their artisanal peanut butter and jelly sandwi
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Answer:

Optimal batch size to produce= 5.56 slices

Explanation:

Selling rate of sandwich = 50 / hour

No of slices used per hour = 50* 2 =100 ( each sandwich use 2 slices)

No of loafs which gets baked in an hour = 7

No of sandwich slices which get produuced in an hour = 7*20 =140

No of sandwich which can be produce = 10/2 =70

So every hour no of slices to be hold = 40

No fo loaf to be hold = 40/20 =2

Cost of holding = 0.8* 1 =0.8

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Optimal batch size = saving * ( Holding cost) = 6.95 *0.8 = 5.56 slices

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$10 million should be added to net income.

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