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Vesnalui [34]
3 years ago
14

The balance sheet items of Kiner company as of December 31, current year, follow in random order

Business
1 answer:
liberstina [14]3 years ago
6 0
Retained Earnings = $86,000

Accounting Equation…Assets= Liabilities + Owners Equity

Assets (Cash, acct rec, equipment, building, land) = $421,000

Liabilities (Notes payable, accounts payable)= $260,000

Equity (capital stock) = $75,000

Liabilities + Equity= $335,000

Retained Earnings flows into equity

$421,000-$335,000= $86,000

$335,000+86,000= $421,000

So the equation balances.
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damaskus [11]

Explanation:

Strategic management is an evolution and a destination due to the fact that the organizational strategy is developed in pursuit of objectives and goals. This means that action plans for achieving goals can be changed according to internal or external interference.

A company's strategy is not inert, so strategic management will be carried out according to the market situation, the internal environment and other variables, so that there is monitoring, organization and strategic coordination of the company according to its environment.

4 0
3 years ago
CONSIDER a JOB THAT PAYS 100,000 PER YEAR. FEDERAL INCOME TAX IS 19% AND STATE INCOME TAX IS 7% WHAT IS THE ANNUAL TOTAL OF THE
FrozenT [24]

100000 X 19% = 19000  

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<em>Total deduction: $26,000</em>

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6 0
3 years ago
Each of the following situations is independent. Work out your own solution to each situation, and then check it against the sol
saw5 [17]

Morgan will get $1600 with the process of simple interest.

<h3>what is simple interest?</h3>

Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.

Rate of interest = 12%

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Time = 5 years

Simple interest

=\frac{1000 \times 5 \times 12}{100}\\=600

Now amount = 1000+600 = 1600.

Therefore, Morgan will get $1600.

To learn more about simple interest from the given link

brainly.com/question/25793394

#SPJ4

8 0
2 years ago
What is true of a perfectly competitive market?
Alexeev081 [22]

The correct answer is B.) The problem of scarcity does not exist.

Because since it is a 'perfectly competitive' market then scarcity shouldnt exist.

-Autumn Leaves

7 0
3 years ago
Which of these is a common tax form in the United States? 40B 1001Z 1040Z All of the above
shusha [124]

Answer:

1040 Z is the correct answer

Explanation:

7 0
3 years ago
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