Answer and Explanation:
The computation of the net income or loss for the year is shown below:
As we know that
Ending retained earnings balance = beginning retained earning balance + net income or net loss - dividend paid
$35,000 = $30,000 + net income or net loss - $13,000
$35,000 = $17,000 + net income or net loss
So, the net income or net loss is $18,000
This is an answer but the same is not provided in the given options
Answer:
correct answer is b) $2.00
Explanation:
we know here
started and completed unit for physical = 18000
so EUP material for 100 % = 18000
and
Ending work in process for physical = 3000
so EUP material for 100 % = 3000
so total EUP material = 18000 + 3000 = 21000
and
Unit cost is here = 
Unit cost = 2 per unit
so correct answer is b) $2.00
2. Significant fluctuations in the market would actually be corrected
Answer:
Are not affected by the defaulting owner’s actions
Explanation:
In this particular question, we are trying to see what becomes of the remaining owners of a condominium if the owner defaults on his mortgage.
To answer this question properly, we need to understand and know what is meant by a Condominium. A condominium generally refers to a a particular building or a building complex with a number of individually owned apartments.
After this definition, we can clearly see that a condominium exists independently of the other owners. This means if you own a Condominium, it practically means you’re responsible for whatever contract that defines your ownership and in no particular way have any business with the other independent owners of other units. This is so because, they have their own guiding laws to deal with. Hence, whatever happens, everyone would be made to give account on whatever part of the properties he own with absolutely no reference to the properties of the other members
