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Anastaziya [24]
2 years ago
13

The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following i

nformation is available:
Retained earnings balance at the beginning of the year $166,000
Cash dividends declared for the year 52,000
Net income for the year 99,500.

What is the ending balance for retained earnings?
Business
1 answer:
dem82 [27]2 years ago
6 0

Answer:

$213,500.

Explanation:

Retained earnings balance at the beginning of the year $ 166,000

- Cash dividends declared for the year   52,000

+ Net income for the year   99,500

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Desrevisseau Inc., a manufacturing company, has provided the following data for the month of August. The balance in the Work in
Delicious77 [7]

Answer:

B. $130,000

Explanation:

We know,

Cost of goods manufactured = Direct materials + Direct labor + Manufacturing overhead + Beginning work-in-process - Ending work-in-process

Given,

Direct materials = $60,000

Direct labor = $39,000

Manufacturing overhead = $43,000 (As the manufacturing overhead cost applied to work-in-process, so we will take $43,000 instead of $40,000).

Beginning work-in-process = $10,000

Ending work-in-process = $22,000

Putting the information into the above formula, we can get,

Cost of goods manufactured = $60,000 + $39,000 + $43,000 + $10,000 - $22,000

Cost of goods manufactured = $130,000

5 0
3 years ago
Aguilera corp. has a current accounts receivable balance of $336,500. credit sales for the year just ended were $4,515,830. what
Alika [10]

The receivables turnover ratio is an activity ratio computing how proficiently a firm uses its assets.

Receivables turnover ratio can be calculated by: net value of credit sales during a given period divided by the average accounts receivables.

Receivables turnover = sales / receivable

= 4,515,830 / 336,500

= 13.42

 

Days’ sales in receivables = 365 days/ receivable turnover

= 365 / 13.42

= 27.20

The average collection period is 27.20 days.

6 0
3 years ago
Which of the following statements about roles within groups is true?A. Roles are shared beliefs of how various individuals shoul
In-s [12.5K]

Answer:

(D) Task specialists keep the group moving toward its objective

Explanation:

  • The highest group performance occurs when a highly cohesive group has high-performance norms.
  • Group or Teams can be powerfully effective as a building block for organization structure
  • A team's purpose should be translated into  specific, measurable performance goals.
  • The key element of effective teamwork is the commitment to a common purpose.
  • Teams are now used by almost all companies to produce goods and services, to manage projects, and to make decisions about running the company.

Hence, the statement in option (D) is correctly fitted.

6 0
3 years ago
For fair housing purposes, what is the definition of the term disability?
alexgriva [62]
A handicap that limits a persons movement, senses, or activity. It puts them at a disadvantage compared to others and is recognized by the law.<span />
3 0
3 years ago
Diana's editorial business was not growing and she sought ways to expand her client list. She recognized that technology provide
DerKrebs [107]

Answer:

C) knowledge

Explanation:

According to my research on different production factors, I can say that based on the information provided within the question Diana's is using the factor of production known as Knowledge. This can be said because she is learning new ways of growing her business by learning about different territories (technology) in which to expand her business.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
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