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vovangra [49]
3 years ago
10

The following accounts and balances are taken from Anstett Company's adjusted trial balance:

Business
1 answer:
SVEN [57.7K]3 years ago
7 0

Answer:

D. $18,040

Explanation:

Given the above information,

Total revenue = Interest revenue + Service revenue

= $1,340 + $37,800

= $39,140

Total expenses = Depreciation expense + Insurance expense + Salary expense

= $1,800 + $2,300 + $25,100

= $29,200

Net income = Total revenue - Total expenses

= $39,140 - $29,200

= $9,940

Therefore,

Ending retained earning balance = Beginning retained earnings + Net income - Dividends

= $10,100 + $9,940 - $2,000

= $18,040

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Answer:

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Explanation:

Given that,

Perpetuity payment = $100,000

Annual interest rate = 12.5 percent

Total value of investment should be:

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