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Gennadij [26K]
3 years ago
5

The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The fo

llowing information is available:
Retained earnings balance at the beginning of the year $151,000
Cash dividends declared for the year $46,000
Net income for the year $92,000
What is the ending balance for retained earnings?
Business
1 answer:
Basile [38]3 years ago
8 0

Answer:

$197,000

Explanation:

We know that

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

= $151,000 + $92,000 - $46,000

= $197,000

We simply added the net income and subtract the dividend sum to the starting balance of the retained earnings account so that the precise value will arrive.

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In a tcs project that involves tcp ip customer ip and or partner/vendor ip, it is important for the tcs project team to comply w
const2013 [10]

The majority of nations, including India, do not have special laws safeguarding trade secrets, in contrast to other intellectual property rights like patents, trademarks, and copyrights. To safeguard trade secrets, the parties usually depend on contract law or the theory of misappropriation.

<h3><u>The points explaining TCS Scenario:</u></h3>
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  • The fundamental elements of IP governance must be understood and used by TCS workers. Your access must be immediately terminated.
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4 0
2 years ago
Reasons why in business,staff are restricted to communicate with press?​
Evgen [1.6K]

Answer:

Limited communication media can force employees to deliver messages using ineffective methods. Inappropriate upward communication tools can create confusion

Explanation:

4 0
3 years ago
McCarthy Industries has two sales territories-East and West. Financial information for the two territories is presented below: E
kirill [66]

Answer:

Decrease in income by $227,000

Explanation:

The computation of the amount of the change in the income in the case when the east territory is eliminated is shown below;

= -Sales + Direct cost + fixed cost - salary per year

= -$980,000 + $343,000 + ($450,000 - $40,000)

= -$980,000 + $343,000 + $410,000

= -$227,000

Hence, the amount of the change in the income in the case when the east territory is eliminated is -$227,000

Decrease in income by $227,000

3 0
3 years ago
The Alpha Beta Corporation disposes a capital asset with an original cost of​ $170,000 and accumulated depreciation of​ $109,000
Bingel [31]

Answer:

Option D) $54.400

Explanation:

When  a company disposes a capital asset, the cost of the asset it's the remanent value, that is the difference between the original cost less the accumulated depreciation, in this case $170.000 minus $109.000, remanent value is $61.000.

This value it's the cost of sale and the price it's $50.000 , the result of this transaction it's a loss of ($11.000) so the after-tax cash inflow it's ($4.400).

The total Cash Inflow it's the sum of $50.000 (gained from the sale) and the save on taxes for $4.400, because of the loss I get a payback on taxes, the total is $54.400.

8 0
3 years ago
A company purchased $11,600 of merchandise on June 15 with terms of 3/10, n/45, and FOB shipping point. The freight charge, $1,3
dlinn [17]

Answer:

$10,534

Explanation:

Net purchases before discount = $11,600 - $2,080 = $9,520

Since the company paid before 10 days, it takes 3% discount as follows:

Discount = $9,520 * 3% =  9,234.40 = $285.60

Net purchases after discount = $9,520 - $285.60 = $9,234.40

The company pays for the freight charge of $1,300 and net purchases after discount. Therefore, we have:

Cash paid = $9,234.40 + $1,300 = $10,534.40, or $10,534 approximately.  

7 0
3 years ago
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