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wel
3 years ago
7

Retained earnings, December 31, 2019 $315,450

Business
1 answer:
Alisiya [41]3 years ago
3 0

Answer:

See below

Explanation:

Ending retained earnings = Beginning retained earnings + net profit - dividend

$315,450 = Beginning retained earnings + $33,900 - $6,750

Beginning retained earnings = $288,300

Therefore, retained earning balance is $288,300

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On october 10, the stockholders’ equity of sherman systems appears as follows:
Anuta_ua [19.1K]

On October 10, the stockholders’ equity of Sherman systems appears as follows:

Common Stock ,$10 par value, 72,000 shares authorized, issued and outstanding = 720,000

Paid-in capital in excess of par value, common stock = 216,000

Retained earnings = 864,000

Total stockholders' equity = 1,800,000

7 0
3 years ago
Mark and julie are going to sell brownies and cookies for their third annual fundraiser bake sale. In one day, mark can make 40
professor190 [17]

Answer: 40 brownies and 15 cookies

Explanation:

Mark can make 40 brownies or 20 cookies

Opportunity cost of brownie for Mark = \frac{20}{40} = 0.5

Julie can make 15 brownies or 15 cookies.

Opportunity cost of brownie for Julie = \frac{15}{15} = 1

So, Mark has a comparative advantage in making brownies. So, mark will produce a total of 40 brownies and Julie will make a total of 15 cookies.

6 0
3 years ago
Jeep launched the new Jeep Liberty several years ago. The Liberty is intended to compete with other moderately-sized SUVs. The m
eduard

Answer:

1.57

cash cow

Explanation:

When using the BCG matrix, the relative market share helps to compare how your product is doing vs the industry's leader. In this case, to measure he relative market share of the Jeep Liberty we divide it by the industry's leader, or in this case, the runner up = 44% / 28% = 1.57

Since the Jeep Liberty's relative market share is 1.57 times larger than the second most popular mid-size SUV, then we could classify it as a cash cow. A cash cow is a product offered in a mature slow growth market that has a high market share and generates large revenues and profits to a company.

7 0
3 years ago
Advise someone on the implications of CPA on businesses​
andrew11 [14]

Answer:

Impact of the CPA on businesses

The main function of the Consumer Protection Act now is to protect consumers against product liability. Protection against product liability means that consumers are protected if the product they purchase from you is defective and causes further damage.

Explanation:

Hope it helps! Correct me if I am wrong :>

6 0
3 years ago
Which of the following statements is correct?A.The payment of a cash dividend reduces net income.B.Cash received from issuing co
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Answer:

B.Cash received from issuing common stock to stockholders is reported as a financing activity cash flow within the statement of cash flows.

Explanation:

As when common stock is issued, it provides cash to the company, for any kind of investments, or expense to be made, for running the business.

Financing activities are those which arrange monetary assets generally cash for the company, issue of securities, issue of bonds, borrowings as loans or note payable.

Thus, the statement B is correct.

Further dividends are provided after tax, and are distribution from net income, but not shown under that.

Providing services on account will provide revenue and net income will increase.

Purchasing of any equipment is investing as it will create an asset for the company.

7 0
3 years ago
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