Answer:
Explanation:
Before preparing the retained earning statement, First, we have to compute the ending balance of the retained earning account.
The formula to compute the retained earnings ending balance is shown below:
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
= $17,200 + $10,400 - $6,000
= $21,600
The ending balance of retained earnings is shown in the attached spreadsheet.
In economic terms, marginal is another word for: C. additional
Let's say that you need to consume 2 hamburgers to be fully satisfied. The marginal cost refer to the additional cost that you need to pay to acquire the second hamburgers
hope this helps
The answer is trading security.
A corporation that trades securities buys them with the intention of making a quick profit.
Companies will only invest if they think there is a good chance they will be compensated for the risk they are taking because they do not intend to hold such securities for an extended period of time.
If a corporation finds an undervalued security and wishes to take advantage of the chance, it may decide to speculate on various debt or equity assets.
Debt securities and equity securities are both included in the category of securities known as trading securities.
Hence, in the given case where Strickland Corporation has invested in debt securities. Strickland intends to actively buy and sell this investment for profit. This investment is classified as trading security.
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A company's strategic planning may have to be done with the changes in mind. The strategy should be dynamic and should always be updated on the current behavior of the market, competition and present technology. This can prevent unnecessary improvements which may cause the company loss.
Answer:
$37,200
Explanation:
The amount of retained earnings is calculated by using the formula below;
Amount of retained earnings = Net income - Dividends paid
In year 1, the amount of retained earnings
= $20,200 - $12,100
= $8,100
In year 2, the amount of retained earnings
= $34,200 - $5,100
= $29,100
Therefore, the amount of retained earnings at the end of year 2
= Amount of retained earnings for year 1 + Amount of retained earnings for year 2
= $8,100 + $29,100
= $37,200