Answer:
kendall company retained earning = $20100.
Retained earning (end) = $600.
Explanation:
Kendall company
Retained earning after post closing= retained earning before closing + Net income - Less dividend.
- Net income= Revenues - operating expense=22700-15100= $ 7600.
-Retained earning after post closing = 17100+7600-4600= $20100.
Packard company
year 1
1. Dr Cash 1450
Cr common stock 1450
2.Dr Cash 920
Loan payable 920.
3. Dr Unearned revenue 1100
Cr Revenue earned 1100.
4. Dr Expense 350
Cr Cash 350
5. Dr Dividend payable 150
Cr Cash 150.
As we know that:
Retained earning(end) = retained earning (open)+net income - dividend
= 0+ [1100-350]-150
= 750-150
= $600.
Answer:
C. To define and solve problems and make decisions about a particular situation
Explanation:
Broad or transferable skills are those that are innate to you or you have developed and that are not specifically linked to a knowledge area but that can be applied to different careers, industries or fields. They are essential for you to be able to be flexible facing the changes in the job market. They are associated to Human relations (ex. listening, cooperating, motivating), communications (ex. expressing ideas properly, persuading, negotiating), leadership (ex. teaching, guiding, managing conflict), planning (ex. identifying and solving problems, developing strategies) and every day situations (managing time, prioritize, making decisions).
Answer:
Total asset will increase
Explanation:
Equity and Liability Amount Effect
Service Revenue $45,500
Expenses <u>$37,000</u>
Profit $8,500 Increase in equity
Account Payable <u>$4,000</u> Increase in liability
($37,000 - $32,400)
Total <u>$13,100</u> Increase in Total assets
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Asset
Cash $5,600
($38,000 - $32,400)
Account Receivables <u>$7,500</u>
($45,500 - $38,000)
Total <u>$13,100</u> Increase in Total assets
Answer:
Control monopoly power preserve and promote competition.
Explanation:
Antitrust laws are rules that are put in place to ensure equal economic rights in business. This law enforces different types of businesses to follow an orderly and structured form of competition in the market.
Antitrust laws promotes the production of different standard goods at the lowest possible price. This law is put in place to enable consumers choose from different alternatives present in the market.
Antitrust law encourages businesses to cut down their cost and produce more quality products.
