Answer:
Retained Earnings increased $28,650 in 2016.
Explanation:
The total increase in Retained Earnings account = Net income = $80,000;
The total decrease in Retained Earnings account = Dividend paid to common shares + Dividend paid to preferred shares = Dividend per common share x Number of common share outstanding + % dividend on preferred stock x par value of preferred stock x number of preferred stock outstanding = 0.75 x 65,000 + 2% x (130,000 / 13,000) x 13,000 = $51,350;
So, Net effect on Retained Earnings Account = $80,000 - $51,350 = $28,650 ( increase).
Answer:
D
Explanation:
Substancial performance is a terminology used in contract law. It actually means the degree of performance of a contract work which is not completely or fully finished,but is so nearly equivalent that it would be unfair to deny the contractor the payment agreed upon in the contract. The owner has a right to recover whatever damages he has incurred by reason of the contractor's failure to render full and complete performance.
Building Restoration must have at least substantially performed the it's side of a bargain before they can call on the CasualDining,Inc to perform the their side of the bargain e.g. by paying an agreed amount. What actually constitute substantial performance depends on the circumstances.
Answer:
PES = -0.5 or |0.5| in absolute terms, relatively inelastic supply
Explanation:
Price (Dollars) Demand (Millions) Supply (Millions)
$60 22 14
$80 20 16
$100 18 18
$120 16 20
Calculate the price elasticity of supply when the price is $80.
In order to calculate the PES at $80, we can use either the quantity when the price is $60 or $100.
P₀ = $80
P₁ = $60
Q₀ = 16
Q₁ = 14
or
P₀ = $80
P₁ = $100
Q₀ = 16
Q₁ = 18
the answer should be the same in this case:
PES = (-2/16) / ($20/$80) = -0.125 / 0.25 = -0.5 or |0.5| in absolute terms, relatively inelastic supply
Answer: True
Explanation:
i think its true and im in highs school and senior so its true.
Answer:
Wilma must include the $1,150 of interest in her income this year.
Explanation:
Data provided in the question
Certificate of deposit = $57,500
Interest on this certificate = $1,150
By considering the above information, we concluded that the interest income should be taxed as this amount is credited because it is an interest income plus it also included in her income for this year
Hence, the correct option is a.