1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.
You might be interested in
Do you think a nation’s output should be distributed according to income or according to some other standard (such as basic huma
melomori [17]

Answer:

i think that income is built for order and human need

Explanation:

if we distributed according to human need that's technically a communist country

8 0
3 years ago
A car dealer advertises a rock-bottom price for a sports utility vehicle that usually goes for $1,000 or more. When you get to t
maria [59]

Answer:

b. bait pricing

Explanation:

Bait pricing strategy is one that is aimed at attracting customers by presenting a price that is lower than the actual value of a product. Usually the product is limited in quantity and when buyers come in they are convinced to buy something else.

This is considered an illegal means of marketing.

I'm the given instance when the customer got to the dealership the salesperson can't find that particular car on the lot, saying maybe it was sold this morning before he got in. The salesperson offers a higher-priced car.

This is bait pricing strategy.

3 0
3 years ago
Is an<br> emerging green career dedicated to the discovery of energy using the sun as its source
KatRina [158]
Yes it is a discovery
7 0
3 years ago
Which ratio measures how efficiently a firm uses its fixed assets?
dmitriy555 [2]

Answer:

Total Assets Turnover Ratio

3 0
3 years ago
One year ago, you purchased a stock at a price of $55.20 per share. Today, you sold your stock at a loss of 18.63 percent. Your
xeze [42]

Answer:

Dividend = $2.34

Explanation:

Purchase Price = $55.20

Loss on stock = 18.63% of $55.20 = $10.28

Capital Loss = $12.62

Dividend = Capital Loss - Total Loss

Dividend = $12.62 - $10.28

Dividend = $2.34

6 0
2 years ago
Other questions:
  • On a mobile device, the operating system resides in firmware, and is therefore, a/an _______________ os.
    9·1 answer
  • Customers who actively trade their listed stock portfolios should have a strong understanding of:________.
    11·1 answer
  • In an assembly operation at a furniture factory, six employees assembled an average of 900 standard dining chairs per 5-day week
    8·1 answer
  • Finance prepares students for jobs in banking, investments, insurance, corporations, and government. It is important for all bus
    6·1 answer
  • Peters, Chong, and Aaron are dissolving their partnership. Their partnership agreement allocates each partner an equal share of
    9·1 answer
  • Alex Smith rents storage space to college students who go home for the summer but do not want to haul all of their property home
    6·1 answer
  • Bob, a weak swimmer, ignored warning signs in a recreational swimming area and went into deep water. He soon grew tired and real
    13·1 answer
  • The question of when revenue should be recognized on the income statement according to GAAP is addressed by the:
    15·1 answer
  • *<br> What items make an Water based stain?
    6·1 answer
  • -True-False 18. All types of extinguisher can use in any kinds of fire. - True False ​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!