Answer:
A bank account
Explanation:
because your money is kept safe
Answer: See explanation
Explanation:
Triton Consulting Income Statement For the Year Ended April 30, 20Y3:
Fees earned 279000
Less: Expenses:
Salary expenses = 242000
Supplies expenses 1650
Depreciation expense. 900
Miscellaneous expenses 2000
Total expense = 246550
Net income 32450
Triton Consulting Balance Sheet April 30, 20Y3
Assets
Current assets
Cash 21500
Account receivable 51150
Supplies 750
Total current asset = 73400
Property, plant and equipments
Office equipment 32000
Accumulated Depreciation 5400
Total property,plant and equipment = 26600
Total asset = 100,000
Liabilities
Current liabilities:
Account payable: 3350
Salary payable: 2000
Total liabilities = 5350
Stockholders equity
Common stock 20000
Retained earnings 74650
Total stockholders equity = 94650
Total liability and stockholders equity = 100,000
To identify patterns.
An economic model is a graph or other visual tool that shows how different elements of an economy (supply, demand, etc) come together to help better understand the data.
Answer:
The answer is B. $210,000
Explanation:
Retained Earnings is the part of profit that is not spent. It is put back into the business after the dividend must have been paid from profit for the year.
Ending retained earnings = beginning Retained Earnings plus net income minus dividend
Beginning Retained Earnings is $150,000
Net income is $95,000
Dividend is $35,000
Therefore amount of Retained Earnings at December 31, 2019 is
$150,000+$95,000-$35,000
=$210,000
