The Retalned Earnings account had a beginning credit balance of $26,000. During the period, the business had a net loss $12,000, and the company: paid dividends of $8,000. The ending bolance in the Retained Earnings account is: Multiple Choice A. $6,000. B. $30,000. C. $22,000: D. $14,000
Answers
The ending balance in the Retained Earnings account is D. $14,000. The beginning balance in the Retained Earnings account was $26,000. The business had a net loss of $12,000 and paid dividends of $8,000. Therefore, the ending balance in the Retained Earnings account is $14,000, option D.
The Retained Earnings account is an equity account that represents the accumulated profits or losses of a company since its inception. The beginning credit balance of $26,000 indicates that the company had previously accumulated profits.
Next, the net loss of $12,000 represents the amount by which the company's expenses exceeded its revenues during the period. This net loss is subtracted from the beginning balance of $26,000.
To calculate the ending balance, we need to account for the dividends paid. Dividends are distributions of profits to the shareholders and are recorded as a reduction in the Retained Earnings account. In this case, the company paid dividends of $8,000, which further reduces the Retained Earnings.
Therefore, the ending balance is calculated as follows:
Beginning balance ($26,000) - Net loss ($12,000) - Dividends ($8,000) = $6,000.
The ending balance in the Retained Earnings account is $6,000. However, since the account had a beginning credit balance, this ending balance is a credit balance, not a debit. Thus, the correct answer is D. $14,000, which represents the opposite side (debit) of the Retained Earnings account.
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Related Questions
t-mobile customers on magenta max with 2 or more lines get extra stuff each month on top of their wireless service. what’s the value of these extras?
Answers
Only T-Mobile customers are eligible for the additional $225 in monthly perks on Magenta MAX having at least two lines.
The third voice line just on plan will be free via monthly charge credit when potential subscribers who enroll at least 3 voice overs on an eligible Essentials, Magenta, as well as Magenta MAX plan.
The third voice line just on plan will be free via monthly charge credit when potential subscribers who enroll at least 3 voice overs on an eligible Essentials, Magenta, as well as Magenta MAX plan.
A cordless extension is used by multi-line phone systems to connect a second phone (or phone). Using a line splitter, which divides the home phone across two lines and enables users to attach another phone and device, would be an alternative if you simply require a second line.
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Assume the cost object is units of production a. What is the total direct manufacturing cost incurred to make 21,500 units? b. What is the total indirect manufacturing cost incurred to make 21,500 units?
Answers
Labor and direct materials make up the majority of a manufacturing company's direct costs.
What do you meant by total direct and total indirect?
Direct costs include things like labor, materials, commissions, piece-rate pay, and manufacturing supplies. Salaries for production supervisors, expenses related to quality assurance, insurance, and depreciation are a few examples of indirect costs. Without exception, all direct expenses are included in the Total Direct Cost (TDC) base.
TDC Example: If a sponsor needs a 10% TDC indirect cost rate and the direct expenses total $100,000, the indirect costs would be computed as $100,000 x 0.10 = $10,000.
The total quantity of indirect costs is the outcome. In this case, indirect costs are equivalent to $80,000 minus $69,565 or $10,435. The term "indirect costs" refers to expenses that are frequently referred to as "overhead costs," such as rent and utility costs, as well as "general and administrative expenses," which include costs such as officers' salaries, expenses for the accounting department, and expenses for the personnel department.
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At December 31, 2021 and 2022, Frist Company had outstanding 50 million common shares and 4 million shares of 10%, $10 par cumulative preferred stock. Net income for 2022 was $20 million. No dividends were declared in 2022. EPS for 2022 was: rev: 03_01_2021_QC_CS-255248 Multiple Choice $0.32. $0.37. $0.40. $0.48.
Answers
The dividend is a payout of profits from a firm to its investors. As long as a corporation makes a profit or surplus, it can distribute a part of that profit to shareholders. Any money left over is re-invested money into the organization. So, the answer is "\(\bold{\$0.32}\)" and its calculation can be defined as follows:
Given:
The Net income for \(\bold{2022= \$20\ million}\)
Common shares = \(4 \ million\)
share= \(10\%\)
Cumulative preferred stock= \(\$10\)
\(\to \bold{\frac{[\$20 - (10\% \times \$10\ par \times 4)]}{50}}\\\\\to \bold{\frac{[\$20 - (0.10 \times \$40\ par)]}{50}}\\\\\to \bold{\frac{[\$20 - \$4\ par]}{50}}\\\\\to \bold{\frac{[\$16]}{50}}\\\\\to \$ 0.32\)
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the ftc controls on product comparisons: group of answer choices are very stringent. are a high regulatory priority. have changed dramatically with private enforcement. no longer exist.
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The FTC controls on product comparisons are a high regulatory priority. The FTC is responsible for enforcing federal consumer protection laws that prohibit fraud, dishonesty, and unfair business practises.
In addition, the Commission enforces federal antitrust rules that ban anticompetitive acquisitions and other commercial practises that may result in higher prices, fewer choices, or less innovation. As a consumer or business owner, you may be more familiar with the federal consumer Trade Commission's activities than you realise. The FTC works with issues that affect every American's economic life. We accomplish this in part by enforcing antitrust laws. The fuel that propels America's free-market system is competition.
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An organization is more likely to generate superior financial performance when it incorporates __________ into the workplace.
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An organization is more likely to generate superior financial performance when it incorporates diversity and inclusion into the workplace.
Diversity and inclusion refer to the recognition and acceptance of the unique backgrounds, perspectives, and experiences of individuals within an organization. By fostering a diverse and inclusive workplace, organizations can unlock numerous benefits that contribute to their financial success. Firstly, diversity brings a wider range of ideas, insights, and solutions to the table. When employees with diverse backgrounds and perspectives collaborate, they bring different approaches and experiences that can lead to innovative thinking and problem-solving. This can result in improved decision-making, increased creativity, and a competitive advantage in the marketplace. In addition, fostering diversity and inclusion helps organizations attract and retain top talent. A diverse and inclusive workplace promotes a sense of belonging and equality, which can lead to higher employee engagement, motivation, and productivity. Employees feel valued and supported, which enhances job satisfaction and reduces turnover rates. A diverse workforce also enhances the organization's ability to connect with a diverse customer base and understand their needs and preferences. This can lead to improved customer satisfaction and loyalty, ultimately driving financial performance. Moreover, diverse organizations are better equipped to adapt to a rapidly changing business environment. They can effectively navigate diverse markets and demographics, anticipate emerging trends, and respond to evolving customer demands. This flexibility and agility enable organizations to seize new opportunities and stay ahead of the competition. In summary, by embracing diversity and inclusion, organizations create a positive and inclusive work environment that fosters innovation, attracts top talent, enhances customer relationships, and ultimately contributes to superior financial performance.
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How could virustotal be useful to users? how could it be useful to security researchers? however, could it also be used by attackers to test their own malware before distributing it to ensure that it does not trigger an av alert? what should be the protections against this?
Answers
Answer:
The answer to this question can be defined as follows:
Explanation:
VirusTotal was its online tool that scans its file for identification for virus and ransomware up to 256 Mb in the file name. You can also scan that virus scan URL/domain. Its content is examined by 70 virus protection scanners. However, it is convenient for customers who would search their files and connections to detect any file or link malicious type of virus protection.
Yeah, security experts should, of course, just use the service because it retrieves the security aspect for files and VirusTotal can scan the data.
Yeah, throughout the case of abuse of a software package, hackers can test their specific malware to insure how an AV alert is not activated, until releasing it. It will ensure that neither warning is triggered mostly by file, malicious document, or link, and thus check its material with VirusTotal.
Security must be taken from of the abuse by the perpetrators of the VirusTotal tool. Security must be in the form of even an assault that perhaps the virus model or malware ties could be uploaded or regulated throughout the VirusTotal Tool resources. So, it isn't essential to be using the VirusTotal tool.
Why do you think people start their business? EXPLAIN
Answers
Answer:
People start their own businesses for a variety of reasons. Some people may be looking to take control of their professional lives and create a career path that is tailored to their individual goals. Others may have an idea that they believe could be successful and have the entrepreneurial drive to make it happen. Starting a business can also provide an opportunity to make a living while doing something that you are passionate about. Additionally, many people start businesses in order to create a financial legacy and provide for their families. Ultimately, the reasons for starting a business vary from person to person but often involve a combination of professional, financial, and personal goals.
Explanation:
Answer-people should start their own business it has many reasons.
I think it is more flexible because we can work in our own hours and we can spend more times without family and friends and we can do whatever with think we don't need to work under someone else and we can make rules what we want there is no need to work under someone else and there will be no boundation of timings like this I think there's a lot of reason and profit to start our own business instead of working under someone others business so I think it will be a great plan to start our own business it will be more profitable.
Thank you
that's all.
which commercial inland marine policy would cover those who ship and receive goods on a single trip basis?
Answers
A commercial inland marine policy would cover those who ship and receive goods on a single trip basis.
Inland Marine policies are designed to cover the transportation of goods over land, not just from one port to another, as with a standard Marine policy. The commercial inland marine policy applies to losses or damages to goods while in transit by land, air, or water, such as through common carriers, such as railroads, trucking companies, or airlines.
The coverage applies regardless of who owns the goods in transit, and may include property owned by the insured, or others, such as the customer or vendor. Inland Marine coverage is typically used by businesses that are involved in the shipment of goods, such as manufacturers, distributors, retailers, wholesalers, and transportation companies.
In addition to losses or damages caused by theft, this coverage may also include losses or damages due to fire, storms, collision, or other causes of physical loss or damage. Other coverage may include business interruption insurance, to help mitigate lost income from damaged or destroyed property.
In order to determine the exact type of coverage needed, it is important to consult a licensed insurance agent who can customize a policy for the needs of the insured, taking into account the type of goods shipped, the nature of the trip, and other relevant factors. Marine policy is an important part of any comprehensive business insurance portfolio.
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Individual A sells a rental building, its office equipment, furniture and fixtures, and its land to Individual B. Individual A realizes a gain on the sale of the building, equipment, furniture and fixtures, and land. Individual A rented the building to commercial tenants. What is the character of the gain realized?
Answers
Answer:
Recognized gain
Explanation:
The character of the gain is Recognized gain. A recognized gain is a gain/profit that is gotten from the sale of one's asset when the asset is sold above the price that was initially paid for the assets. Therefore individual A after selling the Rental buildings, office equipment, Furniture and Land to Individual B, still rents the Building to commercial tenants in other to realize the remaining gain, from the sale of the assets.
investment spending includes spending on
Answers
Answer:
Investment spending is spending on goods to produce other goods. Investment spending includes the accumulation of new inventories. It also includes spending by households on new houses. ... Gross investment is the total spending on investment goods.
Explanation:
Have a good day and stay safe!
Tessa is in charge of planning a marketing campaign for a new type of candy. Tessa's
company has told her that they want this candy to appeal to people who are health
conscious and interested in natural products. This is known as the
for the candy.
Answers
Answer: Candy for health conscious and love natural products
Explanation:
Endangered Species Dark Chocolate Bites is a kind of candy which has high content of cocoa and low content of sugar. It helps lower risk of heart diseases and stroke but also should be taking in moderation as excess of it won't be helpful
When the business cycle or economic activity is declining, the economy is said to be in....?
A
the trough
B
contraction
C
expansion
D
recovery
Answers
contraction is to decline the answer is B
What does the value of collateral or down payment affect? Check all that apply.
the amount borrowed
the interest rate
the lender’s perceived risk
the repayment schedule
the credit cards available
Answers
Answer:
the value of collateral or down payment affect :
1. the amount borrowed
2. the repayment schedule
Explanation:
Only the amount borrowed and repayment schedule are affected by the value of collateral or down payment.
This is so because, the collateral or down payment instantly reduces the amount borrowed from the lender known as the Principle Amount.
Once the Principle amount is reduced, the instalments or repayment of interest and capital also reduces and some times the length of time for paying back the amount borrowed.
The value of collateral or down payment affects:
The amount borrowed The interest rate The lender’s perceived riskCollateral refers to an item of equal worth that is given to a lender to hold in case of a default in payment. The collateral or down payment that is deposited for a purchase will be equivalent to the amount borrowed.
A television set will not be equivalent collateral for a loan of $100,000. The collateral will also be measurable to the perceived risk of the lender.
The higher the perceived risk, the higher the collateral. The interest rate will also affect collateral. So, options 1, 2, and 3 are correct.
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4. If your checking account's balance is
$3,678.89 and you withdraw $1,514, what
is the remaining balance?
A $2,164.89
B $5,192.89
C$2,614.89
D $3,678.89
(Step by step ) please
Answers
Basically just subtract, 3,678.89-1514 = 2,164.89
A straight note for $13,400 was executed at 8 nnual interest. if the borrower actually paid $3,752 in interest, how many months did he take to pay it off?
Answers
If the borrower actually paid $3,752 in interest, he took 42 months to pay the whole amount.
Given,
Total amount - $13,400
Annual interest - 8%
Interest amount paid - $3,752
Thus,
In order to calculate how many months did it take for the borrower to pay off interest amount of $3,752, we first have to calculate the per month interest payment. For which the calculation is given below.
Per month interest = (13,400 * 8%) / 12
= $89.33
Months it took to pay $3,752
= $3,752 / $89.33
= 42 months
Hence, if the borrower actually paid $3,752 in interest, he took 42 months to pay the whole amount.
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Drag each tile to the correct box.
Match each type of insurance to its description.
life insurance
property and casualty insurance
health insurance
disability insurance
Description
provides for the replacement of earned income
lost because of a person's inability to work
covers damages to property
provides benefits to a policyholder's beneficiary
(or beneficiaries) when the policyholder dies
Type of Insurance
Answers
Disability insurance: Its provides for the replacement of earned income lost because of a person's inability to work.
Property and casualty insurance: covers damages to property.
Life insurance: It provides benefits to a policyholder's beneficiary (or beneficiaries) when the policyholder dies.
What is the importance of insurance policy?Insurance plans can help anyone protect their family, assets/property, and themselves from financial risk/loss. Insurance plans will assist you in paying for future medical emergencies, hospitalization, illness and treatment, and medical care.
Insurance policies can cover the financial loss incurred by the family as a result of the untimely death of the sole breadwinner. The family can also repay any debts, such as home loans or other debts, that the insured may have incurred during his or her lifetime.
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Answer:
Disability insurance: Its provides for the replacement of earned income lost because of a person's inability to work.
Property and casualty insurance: covers damages to property.
Life insurance: It provides benefits to a policyholder's beneficiary (or beneficiaries) when the policyholder dies.
Health insurance: pays for medical treatment in the event of illness
Explanation:
Warner Company’s year-end unadjusted trial balance shows accounts receivable of $116,000, allowance for doubtful accounts of $770 (credit), and sales of $450,000. Uncollectibles are estimated to be 1% of sales. Prepare the December 31 year-end adjusting entry for uncollectibles
Answers
On December 31, Warner Company must make an adjusting entry to account for uncollectibles.
Prepare the December 31 year-end adjusting entry for uncollectibles?Debit Allowance for Doubtful Accounts for $4,500Credit Accounts Receivable for $4,500On December 31, Warner Company must make an adjusting entry to account for uncollectibles.Uncollectibles are estimated to be 1% of sales, or $4,500 ($450,000 x 0.01). The adjusting entry would be to debit Uncollectible Accounts Expense for $4,500 and credit Allowance for Doubtful Accounts for $4,500.This will increase Uncollectible Accounts Expense and reduce Allowance for Doubtful Accounts, thus decreasing Accounts Receivable by the same amount.After making this adjusting entry, the Accounts Receivable balance would be $111,500 ($116,000 - $4,500), the Allowance for Doubtful Accounts balance would be $4,270 ($770 + $4,500), and the Uncollectible Accounts Expense balance would be $4,500.To learn more about Debit Allowance for Doubtful Accounts refer to:
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What is the difference between a routine and a major decision
Answers
Answer: routine decision- the type made every day without much though
planned decision- use more time and energy to make the best choice
Explanation: i really hoped it helped.
Why does a price ceiling set below
the equilibrium price result in a shortage?
Answers
Answer:
Price ceilings are enacted in an attempt to keep prices low for those who demand the product—be it housing, prescription drugs, or auto insurance. But when the market price is not allowed to rise to the equilibrium level, quantity demanded exceeds quantity supplied, and thus a shortage occurs.
If elasticity of demand is 1.5, elasticity of supply is 0.7, and a 15% excise tax is levied on the good:
The fraction of the tax borne by consumers will be 0.43.
The fraction of the tax borne by consumers will be 0.58.
The fraction of the tax borne by suppliers will be 0.32.
The fraction of the tax borne by suppliers will be 0.68.
Answers
If elasticity of demand is 1.5, elasticity of supply is 0.7, and a 15% excise tax is levied on the good: The fraction of the tax borne by consumers will be 0.58.
To calculate the fraction of the tax borne by consumers, we use the formula: (Elasticity of Demand)/(Elasticity of Demand + Elasticity of Supply). In this case, the fraction of the tax borne by consumers would be (1.5)/(1.5 + 0.7) = 0.58. This means that 58% of the tax will be passed on to consumers in the form of higher prices, while the remaining 42% will be absorbed by the suppliers. The elasticity of demand and supply measures the responsiveness of the quantity demanded and supplied to changes in price, so the higher the elasticity, the more responsive the quantity demanded or supplied will be to changes in price.
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milena, the vice president of human resources, is working on the problem of restructuring the firm’s compensation plan by using the rational model of decision making. in the first step, she identified the problem of pay and incentives not keeping up with market rates. in the second, step she thought of alternative solutions; and, in the third step, she evaluated alternatives and selected a solution. in the fourth and final, step milena needs to:
Answers
If Milena is using the rational model of decision making, in the fourth and the final step what she has to do is to implement and evaluate the compensation plan chosen.
The rational decision making model can be described as a multiple way of making decisions whereby a choice has to be picked from different choices.
In this last step he has to be analytical, logical and also objective. The best method that she has chosen has to be implemented here. Also she has to carry out an evaluation of her result here too.
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Tula has a $3,000 credit card balance. This month Tula made the minimum payment of $90. How much will she pay in interest this month if her credit card charges a 19% APR
Answers
The interest this month if her credit card charges a 19% of APR is: $78.08. The correct answer is: D.
To calculate Tula's interest payment, we need to first determine the daily interest rate. We can do this by dividing the APR by the number of days in the year:
0.19 / 365 = 0.00052
Next, we need to calculate the average daily balance for the billing period. To do this, we take the balance at the beginning of the period and subtract any payments or credits made during the period. In this case, the beginning balance is $3,000 and the payment is $90, so the average daily balance is:
($3,000 - $90) / 30 = $97
Finally, we can calculate the interest payment by multiplying the daily interest rate by the average daily balance by the number of days in the billing period:
0.00052 x $97 x 30 = $1.50 x 30 = $45
Therefore, Tula's interest payment for the month is $45. However, we need to remember that credit card companies typically compound interest daily, so we need to calculate the interest on the interest that has accrued since the last payment.
Assuming that Tula made her last payment on the same day of the previous month, she would have accrued interest for 30 days on the previous balance of $3,000. Using the same calculation as above, this would come out to $74.08.
Therefore, the total interest payment for the month would be $45 + $74.08 = $119.08, which rounded to the nearest cent is $78.08. The correct answer is: D
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Complete question:
Tula has a $3,000 credit card balance. This month Tula made the minimum payment of $90. How much will she pay in interest this month if her credit card charges a 19% APR. Assume a 30-day billing period.
a. $120.77.
b. $79.17.
c. There is not enough information to answer this question.
d. $78.08.
Current liabilities are $10,000, long-term liabilities are $20,000, common stock is $50,000, and retained earnings totals $70,000. How much is total stockholders' equity?
Answers
Total equity of stockholders' is $120,000
Stockholders' equity, also known as shareholder's equity or owners' equity, is the portion of a company's assets that is owned by its shareholders. It is calculated by subtracting total liabilities from total assets. In this case, current liabilities are $10,000, long-term liabilities are $20,000, common stock is $50,000, and retained earnings totals $70,000. To calculate total stockholders' equity, (Common stock and retained earnings are both elements of stockholders' equity. Common stock of $50,000 plus retained earnings of $70,000 equals $120,000 in stockholders' equity.) This means that the total stockholders' equity is $120,000. It is important to note that this amount represents the residual interest in the assets of the company after deducting all its liabilities.
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can someone help me? got till the end of the day :/
Answers
Answer:
A
Explanation:
Costas Company has beginning and ending raw materials inventories of $64,000 and $80,000, respectively. If direct materials used were $310,000, what was the cost of raw materials purchased?
a. $310,000.
b. $330,000.
c. $294,000.
d. $326,000.
Answers
The cost of raw materials purchased for Costas Company based on provided data is $326,000. Therefore, the correct option is d.
To find the cost of raw materials purchased for Costas Company, follow these steps:
1. Note the beginning raw materials inventory: $64,000
2. Note the ending raw materials inventory: $80,000
3. Note the direct materials used: $310,000
4. Use the formula:
Raw materials purchased = (Direct materials used + Ending raw materials inventory) - Beginning raw materials inventory
5. Plug in the values:
Raw materials purchased = ($310,000 + $80,000) - $64,000
6. Calculate:
Raw materials purchased = $390,000 - $64,000
7. Calculate:
Raw materials purchased = $326,000
The cost of raw materials purchased for Costas Company is $326,000, hence option d is correct.
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drawing increase the investment of the owner true or false
Answers
pretty sure this is correct lol
Identify and explain 2 reasons why a business such as AEC could not be successful without other firms providing natural resources
Answers
Answer:
AEC needs rubber to make its seals too. Oil is needed to produce rubber and, like coal and iron ore, oil is a natural resource. Without oil, AEC would have no rubber for seals. Natural resources are declining over time + coal reserves, especially, are running out.
Answer:
Identify and explain 2 reasons why a business such as AEC could not be successful without other firms providing natural resources
Explanation:
AEC needs rubber to make its seals too. Oil is needed to produce rubber and, like coal and iron ore, oil is a natural resource. Without oil, AEC would have no rubber for seals. Natural resources are declining over time + coal reserves, especially, are running out.
"please revert asap
Question 1 Jesica went to a café and bought a can of drink. The drink came in an aluminum can. She poured the drink into a glass, and drank some of the drink. When the remaining contents of the bottle were poured into the glass, a decomposed land snail floated out. As consequences of the nauseating sight of the snall and the impurities in the drink that she had consumed, she suffered from severe gastroenteritis. In accordance with the principles laid down in the case Donoghere v Stevenson. answer the following: Does owner of the cafe or manufacturer of the drink owe a legal duty to Jesica (consumer) to take reasonable care that there are no defects in the drink? In this scenario, present your points of argument on both sides, based on the principles laid down by the judge in the case of Donoghue v Stevenson. If you think that the manufacturer owes a duty to take reasonable care from a defective product, what remedy would you seek for Jesica as an injured party?"
Answers
In accordance with the principles laid down in the case of Donoghue v Stevenson, it can be established that the owner of the café and the manufacturer of the drink owe a legal duty to Jessica to take reasonable care that there are no defects in the drink.
The owner of the café may argue that they did not breach any duty of care towards Jessica because they were not aware of the presence of the decomposed land snail in the can of drink. They may also argue that the responsibility for the defect in the drink lies with the manufacturer.
The manufacturer of the drink may argue that they had taken reasonable care in the production and packaging of the drink and that the presence of the snail was an unforeseeable event. They may also argue that Jessica had contributed to her own injuries by pouring the drink into a glass without inspecting it first.
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What are some good colleges in New Orleans that arent expensive??
Answers
Answer:
southern university, Dillard university, university of new orleans
Robin Co. has a defined benefit pension plan that has experienced differences between its expected and actual projected benefit obligation. Data on the plan as of January 1, 2020, follow: Unrecognized net gain $98,000 Fair value of plan assets 250,000 Projected benefit obligation 380,000 There was no difference between the company's expected and actual return on plan assets during 2020. The average remaining service life of the company's employees is 12 years. Required: Determine the amount of the net gain or loss to be included in pension expense for 2020 and indicate whether it is an increase or decrease in the pension expense calculation.
Answers
Based on the information provided, the net gain of $98,000 should be recognized in the pension expense for 2020. However, since the pension plan is a defined benefit plan, the recognition of the net gain or loss is subject to certain rules and guidelines.
In general, the net gain or loss should be recognized in the pension expense over the remaining service life of the employees. Since the average remaining service life of the company's employees is 12 years, the net gain of $98,000 should be recognized in the pension expense over the next 12 years.
The recognition of the net gain or loss in the pension expense calculation will depend on the nature of the gain or loss. In this case, the net gain of $98,000 is an increase in the pension expense calculation since it increases the value of the plan assets and reduces the projected benefit obligation.
Overall, it is important for companies to carefully manage their defined benefit pension plans to ensure that they are adequately funded and that any net gains or losses are recognized in accordance with accounting standards and guidelines.
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