Stockton CompanyAdjusted Trial BalanceDecember 31Cash 7,530 Accounts Receivable 2,100 Prepaid Expenses 700 Equipment 13,700 Accumulated Depreciation 1,100Accounts Payable 1,900Notes Payable 4,300Common Stock 1,000Retained Earning 12,940Dividends 790 Fees Earned 9,250Wages Expense 2,500 Rent Expense 1,960 Utilities Expense 775 Depreciation Expenses 250 Miscellaneous Expenses 185 Totals 30,490 30,490Determine the retained earnings ending balance.a) $12,150b) $21,400c) $6,480
d) $15,730
Answers
Answer:
The correct option is D,$15730
Explanation:
Net income in the year needs to be computed first.
net income=fees earned-wages expense-rent expense-utilities expense-depreciation expense-miscellaneous expense
net income=$9250-$2500-$1960-$775-$250-$185=$3580
Ending retained earnings=beginning retained earnings+net income-dividends
ending retained earnings=$ 12,940+$3580 -$790=$15730
Related Questions
Which of the following are examples of variable cost?
(select 3 answers)
a. a radio ad
b. hourly employees
c. the yarn used to make a scarf
d. rent of an office space
e. the shampoo used to groom pets
f. internet services
Answers
Answer:
Which of the following are examples of variable cost?
hourly employees
Variable costs vary directly and proportionally to variations in the level or volume of business activity. Examples of variable costs include options (c), (d), and (e).
What is a variable cost?A variable cost is a corporate and business expense that varies in relation to the amount of product or service produced or sold.
Variable costs rise or fall in relation to a company's production or sales volume, rising as production increases and falling as production drops.
As a result, variable expenses include the yarn required to manufacture a scarf, the rent for office space, and the shampoo used to groom dogs.
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If publisher profits can be preserved at lower prices in an all e-world, why are publishers still worried about increased digital penetration of their businesses?
Answers
Answer:
Here are some of the challenges faced by the book publishing industry.
Piracy as a problem. Online piracy has changed the way content is shared and consumed by the reader. ...
The rise of Audiobooks. ...
Changing Reading habits. ...
Compromising on Quality due to cost. ...
Selecting the Right target audience. ...
Extreme competition
Sue purchased a stock for $45 a share, held it for one year, received a $234 dividend, and sold the stock for S46.45, What nominal rate of return did she earn
Answers
Answer: 8.42%
Explanation:
A dividend of $234 is impossible given the price so I will assume you meant to type $2.34.
Nominal rate of return in that case is;
= (Selling price - Purchase price+ Dividends) / Purchase price
= (46.45 - 45 + 2.34) / 45
= 8.42%
What is the easiest virtual learning program? (I’m tryna change programs)
Answers
Answer:
Udacity.com
Explanation:
I love using this its so easy and assemble come try it out!
Answer:
Khan Academy.
Khan Academy provides many courses you can study in, ranging from math to technology.I hope this helped at all.
6.
Question 6
Please state which of the below concepts describe how well a market offering fulfills customer needs.
1 point
Brand feelings
Brand imagery
Brand salience
Brand performance
Answers
Answer:
Brand performance
Explanation:
Brand performance is the concept that compares and contrasts the goals a brand sets and how it meets those targets.
Therefore, brand performance is the concept that describe how well a market fulfills customers needs.
The answer is D
Production is an example of a marketing activity.
Question 1 options:
True
False
Answers
Nicky Ackerley (2014) of Veterinary Nursing Journal says this about posting on social media An employee should be aware that he or she loses the right to privacy once their comments are placed in a public forum and they should be mindful of their action. Do you agree or disagree with this and why?
Answers
Yes, I do agree with Nicky Ackerley on the fact that An employee should be aware that he or she loses the right to privacy once their comments are placed in a public forum and they should be mindful of their action.
The reason i agree with her is that every individual has a digital footprint and what ever you write or post on social media whether good or bad can be used against you and as such one need to be mindful of what they post online.
What is the issue of employee privacy about?Employee privacy is a problem that can occur in a variety of circumstances. For instance, in order to assess employee performance and customer service, businesses may want to listen in on telephone calls between staff members and consumers.
Note that Employers may decide to monitor email for what they deem to be legitimate business needs. Employers may decide to administer drug testing to their staff members or search their lockers for contraband narcotics.
Hence, Data left behind by users after they utilize the internet is known as a digital footprint. Digital footprints come in two flavors: passive and active. When data is taken from a user without that person's knowledge, a passive footprint is created.
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similarity between plant industry and firms
Answers
Answer:
A Plant – Plant refers to an institution that, in general. ... Firms generally operate one or more than one plant. An Industry – Industry refers to a group of firms that are involved in production of same or similar kind of goods and services.
A product enters the maturity phase of the life cycle, during which sales are strong but growth is slowing. What product management activity is most appropriate?
A. Trying to improve the product's performance.
B. Spinning off the product line.
C. Discontinuing sales of the product.
D. Focusing on the other products in the mix.
Answers
Answer: Trying to improve the product’s performance
Explanation:
Answer:
Trying to improve the product's performance.
Explanation:
100%
Quiz Instructions
Question 1
5 pts
(02.01 LC)
Which of these factors is likely to have the greatest influence on purchases by consumers to choose a different
option than originally intended?
The price of a good or service
The price of alternatives or substitutes
Their own income
Their personal preferences
Answers
Answer:
The price of alternatives or substitutes
Reason: When there are alternatives or substitutes, this means that the consumer can then get better options.
(Y²R²C²i²x²k²j²e²s²b²)where "land and water are intimately intertwinned, constantly shifting, and with the pressures of population, increasingly valuable in its rarity."find all things
Answers
Land and water are intimately intertwined, constantly shifting, and with the pressures of population, increasingly valuable in its rarity to the significance and interconnectedness of land and water resources.
Here's an explanation of the terms used:
Land refers to the Earth's solid surface, which includes continents, islands, and various forms of topography. Water is the liquid component of the Earth's surface, and it includes oceans, rivers, lakes, and groundwater. Intimately Intertwined: The statement emphasises how land and water are inextricably linked and interdependent. They interact and impact one another in a variety of ways. Constant Change: Both land and water are constantly changing and moving. Population Pressures: As the world's population grows, so does the demand for land and water. Rarity and Increasing Value: The rarity of land and water resources relates to their limited availability as well as the growing appreciation for their value.For such more question on population:
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FRY-9C, FRY-14M, FRY-14Q, FRY-2052a, FP&A, CRR
What are these terms exactly mean? How do they work in business? What each term do?
Answers
The terms mentioned above are used in economics and have to do with finance.
What are FRY-9C, FRY-14M, and FRY-14Q?In order to keep an eye on financial institutions in between on-site inspections, the FR Y-9C is the main analytical tool employed. The form, which is the most frequently requested and scrutinized report at the holding company level, contains more schedules than any other report in the FR Y-9 series.
The FR Y-14M report gathers monthly in-depth information on the loan portfolios of bank holding companies (BHCs), savings and loan holding companies (SLHCs), and intermediate holding companies (IHCs). Three loan- and portfolio-level collections, as well as one in-depth address matching collection, make up the report.
On a quarterly basis, the FR Y-14Q compiles comprehensive information on the various asset classes, capital components, and pre-provision net revenue (PPNR) categories of the bank holding companies (BHC), savings and loan holding companies (SLHCs), and intermediate holding companies (IHC).
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What's the difference between a Monopoly and Oligopoly market?
Answers
Explanation:
The main difference between monopoly and oligopoly is in the number of firms under consideration.
In Monopoly, the market witness a situation in which one company alone dominates; in other words, this company produces goods or services without having any close competitors.
While in Oligopoly, not just one but a small group of companies act as the dominant players in the market even though they may produce slightly different products; they thus influence the market a lot reducing the chances of new competitors.
The NYSE is an example of a(n) _______________ exchange while NASDAQ is an example of a(an) __________________ market. Organized; over-the-counter Broker; dealer Electronic; private Private; public
Answers
Considering the functions and operations of the organizations, The NYSE is an example of a(n) Organized exchange while NASDAQ is an example of a(an) Over the Counter market.
NYSE is an acronym for the New York Stock Exchange. It is generally considered the most significant capital market in the world, with over $30 trillion. Its stock market is deemed to be stable. It is also known as a designated market.
On the other hand, NASDAQ is an acronym for National Association of Securities Dealers Automated Quotations. However, its stock market is considered to be volatile. It is also a dealer market
Hence, in this case, it is concluded that the correct answer is option A. "Organized; over-the-counter."
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thomas, cpa, has audited the consolidated financial statements of kass corporation. jones, cpa, has audited the financial statements of its sole subsidiary, which is significant in relation to the total audited by thomas. it would be appropriate for thomas to serve as the group auditor, but it is impracticable for thomas to review the work of jones. assuming an unmodified opinion is expressed by jones, thomas should
Answers
D. Analyze the consolidated financial accounts without modification and mention Jones' work. The activities and financial success of a firm are detailed in financial statements.
Financial accounts are routinely audited by government agencies, accounting firms, etc. to ensure correctness and for tax, financing, or investment reasons. The four fundamental financial statements for for-profit businesses are the balance sheet, income statement, statement of cash flow, and statement of changes in equity.
Nonprofit organizations employ a similar but different set of financial statements. Investors and financial analysts utilize financial information to evaluate a company's performance and project where the stock price will go in the future. One of the most important sources is the annual report, which provides the company's financial statements.
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(Just need some ideas and inspiration) What do you consider the most important challenge that will face people in the United States in the years ahead?
Answers
Food security, hunger, poverty, population growth, pollution, heatwaves, droughts, and climate change are all interconnected.
What is Food security?Food security refers to the availability of food in a nation and the capacity of its citizens to obtain, afford, and procure enough food.
The United Nations Committee on World Food Security defines food security as everyone having constant physical, social, and economic access to enough, safe, and nourishing food that satisfies their dietary needs and food preferences for an active and healthy life.
Another aspect of food security is the accessibility of food regardless of class, gender, or area.
Food security was a problem many thousands of years ago, as shown by the fact that central governments in ancient China and ancient Egypt were known to release food from storage during famines.
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. An economist estimated that the cost function of a single-product firm is C(Q) = 90 + 35Q + 25Q2 + 10Q3 ® 172 Based on this information, determine: (LO4, LO5) a. The fixed cost of producing 10 units of output. b. The variable cost of producing 10 units of output. c. The total cost of producing 10 units of output. d. The average fixed cost of producing 10 units of output. e. The average variable cost of producing 10 units of output. f. The average total cost of producing 10 units of output. g. The marginal cost when Q = 10.
Answers
Answer:
Explanation:
problem has been solved!See the answerAn economist estimated that the cost function of a single-product firm is:C(Q) = 90 + 30Q + 25Q2 + 10Q3.Based on this information, determine the following:a. The fixed cost of producing 10 units of output.$b. The variable cost of producing 10 units of output.$ 90 I know this one,,,c. The total cost of producing 10 units of output.$d. The average fixed cost of producing 10 units of output.$e. The average variable cost of producing 10 units of output.$f. The average total cost of producing 10 units of output.$g. The marginal cost when Q = 10.$
Question 3 of 10
What is an advertising campaign?
A. A method of finding customers according to particular
characteristics
B. A set of games customers receive for free when they buy certain
products
C. An electronic device that enables customers to interact with an
advertisement
D. A series of product-related activities designed to get the attention
of customers
Answers
An advertising campaign is a series of product-related activities designed to get the attention of customers. Option D
What is an advertising campaign?An advertising campaign is a series of product-related activities designed to get the attention of customers. It involves the creation and dissemination of advertising messages through various channels such as TV, radio, print, online and social media, with the goal of promoting a product, service or brand to a specific target audience.
The campaign typically has a specific objective and a set budget and may run for a defined period of time.
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BALANCE SHEETS
1. Complete the balance below for your company you developed earlier in this course (salon)
2. List 3 or more fictional assists and liabilities, and the total equity for your business.
3. List a value for each and make sure that your values balance.
20 pts
Answers
Fictional Assets and Liabilities
Assets
Value of all salon-owned furniture and equipment.Inventory: The total cost of the salon's goods.Intellectual property: The worth of any trademarks or patents that the salon may have.Liabilities
The sum owing to lenders is known as the loans payable.Taxes Payable: The sum that must be paid in taxes to the government.The total of expenses that have been incurred but not yet been paid.Balancing Values
Due to the $50,000 total assets for year one and the $50,000 total liabilities and equity, the equity is the negative of the equity balance.As a result, the significance of the fictional assists and liabilities are the aforementioned.
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Hannah had to pay an additional $2.80 on her $40.00 order of supplies for her business. The additional $2.80 that Hannah paid on her purchase is MOST likely a _____ tax.
A. point of purchase
B. sales
C. excise
D. distribution
Answers
Answer: B. sales
Explanation: The additional $2.80 that Hannah paid on her purchase is MOST
SALES
What variables (bases of segmentation)will you use for the market for: casual clothing,Holidays, bear
Answers
The segments can be made according to the product and its consumers, or geographical location (If multiple locations exist).
What is market segmentation?Market segmentation is performed to divide the business in lower segments that can be managed efficiently.
For Casual Clothing, Gender segmentation can be done, Men, Women and Kids wear can be separated.
For Holidays, Local and International trips can be separated and would allow to manage the business and orders accordingly.
For Bear, this can be segmented according to the customer where the consumers are kids and Women.
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pls help me
include the following:
The name of the career
Some information you learned from your own research
Education a person needs to get this type of job
Skills a person needs to get this type of job
How people in this job use technology
The URL (web address) of the US Bureau of Labor Statistics website where readers can find more information
Answers
The name of the career - Computer engineering
The information I have learned on Computer engineering is that it is all about research, as well as design, making, and testing ofcomputer systems as well as its components.
The Education a person needs to get this type of job is: Bachelor's Degree
The Skills a person needs to get this type of job are:
Know a lot about programming languages, Know about secure coding.Know about software and hardware tech.CreativityInnovationThe people in this job use a lot of technology as they are actively involve in its production.
The URL (web address) of the US Bureau of Labor Statistics website where readers can find more information is: https://www.bls.gov/ooh/architecture-and-engineering/computer-hardware-engineers.htm
What should an IT engineer possess?A bachelor's degree in the subject is required to work as a computer engineer. Math, physics, and computer science are the most common subjects that students study.
To create solutions for various issues, these professionals require critical thinking abilities. To function effectively in a team, they also need strong communication skills.
Therefore, Being an information technology engineer requires you to be able to recognize complex issues and find the appropriate solutions. You need the capacity for critical thought, option analysis, and perfect solution generation to be able to solve problems.
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What should you not do in an adjustment letter?
a. Begin your letter with a positive sentence
b. Use negative words
c. Make unrealistic promises
d. Explain how you are complying
e. Blame customers
Answers
Answer:
c. Make unrealistic promises
b. Use negative words
e. Blame customers
Answer:
a
Explanation:
positivity always wins
A negative cash flow to owners indicates that a firm has ________. Question 3 options: borrowed more money. sold additional shares of stock. incurred net losses and is facing financial distress. issued dividends while maintaining a constant number of outstanding shares of stock
Answers
Answer: Issued dividends while maintaining a constant number of outstanding shares of stock
Explanation:
A negative cashflow is meant to indicate that cash has left the company. If this is in relation to the owners then it either means that the company has repurchased shares or paid out dividends.
From the options, the correct answer would be that the company issued dividends while maintaining a constant number of outstanding shares of stock. This would be reflected in the Financing section of the Cashflow statement.
Farmers company purchased equipment on January 1 year one for $96,000 The equipment is estimated to have a five-year life and a salvage value of 13,000 the company use straight line depreciation method at the beginning of year for farmer revise the expected life to eight years the annual amount of depreciation expense for each of the remaining years would be
Answers
Answer:
$6,240
Explanation:
annual amount of depreciation expense for each of the remaining years would be $6,240.
Please let me know if you found this answer helpful or it can be improved in any way!
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explain sales and purchase documents
Answers
Answer:
A sales and purchase agreement (SPA) is a binding legal contract that obligates a buyer to buy and a seller to sell a product or service.
Explanation:
Explain why domestic trade is important to the economy
Answers
Answer: The importance of domestic trade in a country is that it facilitates exchange of goods within the country. ... By allowing all different types of goods and services to reach to all parts of the country it improves the standard of living of the residents of the country as well as the employment rate of the country.
Explanation: Please mark me brainliest! Have a great day!!!
The United States government sometimes has to interfere with the economy. Why would the government initiate an antitrust suit against a company?
A.
to ensure companies are paying all employees at least the minimum wage
B.
to ensure companies do not monopolize any particular realm of business
C.
to ensure businesses comply with safety and health regulations to protect workers
D.
to ensure businesses are being kind to the environment and not wasting natural resources
Answers
Answer:
c
Explanation:
The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 61 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:
Fixed Cost per Month Cost per Course Cost per Student
Instructor wages $2,950
Classroom supplies $280
Utilities $1,220 $65
Campus rent $4,800
Insurance $2,300
Administrative expenses $4,000 $44 $4
For example, administrative expenses should be $4,000 per month plus $44 per course plus $4 per student. The company’s sales should average $870 per student. The company planned to run four courses with a total of 61 students; however, it actually ran four courses with a total of only 51 students. The actual operating results for September appear below:
Actual
Revenue $51,660
Instructor wages $11,120
Classroom supplies $17,830
Utilities $1,840
Campus rent $5,000
Insurance $2,240
Administrative expenses $3,734
Required:
Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September.
Answers
Answer:
From the attached excel file, we havee:
Revenue and spending income from operations variance = $4,566 Favorable
Activity income from operations variance = -$5,860 Unfavorable
Explanation:
Note: See part a of the attached excel file for the flexible budget performance report that shows both revenue and spending variances and activity variances for September.
Also Note: See parts b and c of the attached excel file for the calculations of revenue and spending variances and activity variances respectively for September.
Interest rates on a loan provide what key information?
A. Information about the additional money you will have to pay back to the lender.
B. Information about the credit history of the lender.
C. Information about the length of the loan.
D. Information about the total payment due each month.
Answers
Answer:
d
Explanation:
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