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kondor19780726 [428]
2 years ago
15

If you get 20% off of an item that is now $320, what was the original price before the discount?

Business
1 answer:
nataly862011 [7]2 years ago
8 0
The original price would be 400$ :)
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Atlantic Corporation reported the following amounts at the end of the first year of operations: contributed capital $100,000; sa
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Answer:

A) retained earnings $40,000 and expenses $340,000.

Explanation:

Total Assets = Total Equity + Total Liabilities

$300,000 = Total Equity + $160,000

Total Equity = $300,000 - $160,000

Total Equity = $140,000

Now

Total Equity = Contributed Capital + Retained Earning

$140,000 = 100,000 + Retained Earning

Retained Earning = $140,000 - $100,000 = $40,000

Now

Retained Earning = Revenue - Expenses - Dividend paid

$40,0000 = $400,000 - Expenses - $20,000

$40,0000 = $380,000 - Expenses

Expenses = $380,000 - $40,000

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Answer:

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