Debit Advertising expense $400, credit accounts payable 400.
Answer:
$6,000
Explanation:
Data provided
Beginning credit balance = $26,000
Net loss = $12,000
Paid dividends = $8,000
The calculation of Retained Earnings account is given below:-
Retained Earnings = Beginning balance - Net loss - Dividend
= $26,000 - $12,000 - $8,000
= $26,000 - $20,000
= $6,000
So, for computing the retained earning we simply applied the above formula.
Answer:
The correct answer is d. All of these are correctly matched.
Explanation:
In economics, an economic equilibrium is a state of the world in which economic forces are balanced and in the absence of external influences the values of economic variables do not change. It is the point at which the quantity demanded and the quantity offered are equal. A market equilibrium, for example, refers to the condition in which the market price is established through competition so that the amount of goods and services desired by buyers is equal to the amount of goods and services produced. by the sellers. This price is usually called the equilibrium price and tends to remain stable as long as demand and supply do not vary.
Answer:
D) S corporation.
Explanation:
S corporations do not pay any income taxes. Instead, shareholders pay individual taxes over their dividends.
In this case, the three shareholders are not thinking about getting any dividends for the first few years, they want to reinvest all profits, therefore, their company would not pay any taxes, and neither would they individually.
Answer:
customers refuse to buy products produced by a racially diverse workforce
Explanation:
Customer discrimination is an occurrence when customers don't want anything to do with a group of people or a particular race. Any product or service from such people are not appreciated, they don't have interest as a result of feeling superior.
