Answer:
$371,500
Explanation:
The retained earnings account represents the cumulative net income of an entity over the years after considering the dividend paid over the periods of existence.
The movement in the dividend account at the start and end of a given period is as
Opening balance + Net income - dividend declared and paid = closing balance. Hence , the Retained Earnings balance as of December 31, 2020
= $347,600 + $56,100 - $32,200
= $371,500
The total profit would be $2747 (The total revenue was $5590, and the total expense is $2843. Therefore the difference between the revenue and the expenses is the profit)
Answer:
Structure related to organizations need for efficiency versus its need for learning and innovation is described below in brief detail.
Explanation:
A flat or horizontal composition is the best alternative as it enables all levels of representatives to have a say in the conversations, discussions, and resolving business problems. A horizontal composition gives assurance as well as boosts worker confidence (as they feel wanted). An example will be Goo-gle which has a flat composition giving all workers the efficiency to come up with new inventive approaches and innovative solutions.
Answer:
Private ownership of business
Explanation:
A mixed economy combines elements of both a socialist and a free market economy. The government participates in a mixed economy as a regulator to ensure fairness in the market place, and as a provider of social goods. A mixed economy creates the freedom to establish a private business of an investor's preference. A Buyer has the freedom to purchase products of their choice.
An economy that is transitioning from socialist to mixed economy will likely experience the development of private businesses. In a socialist economy, only the government is allowed to own the factors of production. It produces all the goods and services in the country. As a mixed economy allows private ownership of businesses, the people of Amerensia will be free to establish and run their businesses.
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