Option a) $5075.88 is the addition to the retained earnings
Current profits less any dividends or other payouts to shareholders are a company's retained earnings. Every time an accounting entry is made that has an effect on a revenue or expense account, this sum is modified. A sizable retained profits balance suggests that the corporation is in a secure financial position.
Computing after-tax profit:
(Revenues - Interest cost - Depreciation - Cost of goods sold - Administrative costs) x ( 1 - tax)
= ($42629 - $1,230 - $2,609 - $23,704 - $7,040) x ( 1 - 22%)
= $6,275.88
Retained earnings addition:
= After-tax net profit - Dividends paid
= 6,275.88 - 1,200
= $5,075.88
Hence, option a) is the correct answer
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Answer
The answer and procedures of the exercise are attached in the image below.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer: The correct answers are "A. The study included a large number of children who had been immunized against MMR and showed signs of autism", "D. The MMR vaccine contains themerosal, a preservative known to increase the risk of autism" and "C. The survey was conducted on a large group whose members were randomly selected
".
Explanation: Clearly, statements A, C and D are statements that if true would help to conclude that there is a cause and effect relationship between vaccines and autism since it indicates that a random (objective) sample was taken within which It includes children who have received the vaccine and had signs of autism and states that the vaccine contains a preservative that increases the risk of autism.
Amortizing a loan P over n periods at i% interest / period, the payment per period is given by:
In given situation,
P=20000
period=month
i=10%/12
n=5*12=60 months
A. monthly payment amount
to the nearest cent
B. EAR (effective annual rate)
the APR is 10%, but compounded monthly.
So
EAR=(1+i/12)^12-1
=(1+0.1/12)^12-1
=0.104713
=10.4713% (effective annual rate)
A fall in the interest rates in the UK, would cause the exchange rate of the UK to decline.
<h3>What is the impact of a fall in interest rate on exchange rate?</h3>
Exchange rate is the rate at which one currency is exchanged for another currency. Interest rate is the return earned by investors for allowing business owners use their funds.
When interest rate declines, the return earned by investors would fall. This would discourage investors from investing. This would lead to a decline in the demand for the UK currency. This would depress the exchange rate.
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