The Retained earning for White Corporation is $5,200 for the year ended December 31, 2012.
What is retained earning?After deducting all of a company's overhead expenses, income taxes, and profits for shareholders, the amount of profit left over is known as retained earnings.
Following is the statement of retained earning for White Corporation-
Retained Earning $2,000
less(Dividend) -$800
Balance = $1,200
add(Net income) +$3000
add (Rent Expense) +$1,000
Retained earning = $5200
Therefore, the Retained earning for the year ended on December 31, 2012 of White Corporation will be $5200.
Learn more about Retained earning, here:
https://brainly.com/question/17027292
#SPJ1
Select the appropriate response
Question 2
According to State Farm guidelines, would betterment potentially apply when refinishing a complete
vehicle?
Yes
No
71. Before businesses can effectively use relevant data, they need to determine the type of
A. information that is needed.
B. computer system to purchase.
C. report that is required.
D. collection process to develop.
Answer:
A information that is needed
Explanation:
Discuss the following statement: "Joint ventures have unlimited life."
A joint venture is a business organised by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance.
What does the statement mean?The statement "Joint ventures have unlimited life" implies that a business that is joint ownership will always give an avenue for continuity if one dies. It also gives room for proper funding as both owners will both be financing it and hence promotes it longevity.
Therefore, the implication or meaning of the statement is that there is always available person(s) to manage the affair and bear the risk of the business. Consequently, such business die hard.
learn more about Joint venture: https://brainly.com/question/9389546
#SPJ1
Which of the following questions can a balance sheet help to answer? A. Does the business have too many employees? OB. Has too much credit been extended? O C. Does the business have too many customers? OD. Is the business making the right products?
The question that a balance sheet help to answer is has too much credit been extended.
What is a balance sheet?This refers to the financial statement of a company, which shows how assets and liabilities are recorded.
It helps to show the true position of a company's financial status, at a particular time.
Hence, the questions that a balance sheet help to answer is has too much credit been extended.
Learn more about balance sheet here : https://brainly.com/question/13846063
#SPJ1
Why do people donate to charitable organizations? Choose three answers.
to do what is right
to support a cause
to develop their skills
to earn college credit
to spend time with friends
To support a cause do people donate to charitable organizations. Hence, option B is correct.
What are charitable organizations?sum factor Productivity is a gauge of an economy's or business's level of efficiency. An equation that generates a number serves as the foundation for the measurement itself. The goal of TFP is to evaluate how new technology, improved processes, and improved education and training will affect overall productivity.
An economy may create and consume more goods and services for the same amount of effort when productivity is growing. Individuals, corporate executives, and analysts value productivity.
Physical productivity growth drives up the value of labor, which in turn drives up pay. Employers look for schooling and on-the-job training because of this.
Thus, option B is correct.
For more information about charitable organizations, click here:
https://brainly.com/question/14941039
#SPJ2
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $85,360 in assets in exchange for its common stock to launch the business. On December 31, the company’s records show the following items and amounts. Cash $ 7,010 Cash dividends $ 3,390 Accounts receivable 18,350 Consulting revenue 18,350 Office supplies 4,480 Rent expense 4,820 Office equipment 19,360 Salaries expense 8,370 Land 46,040 Telephone expense 910 Accounts payable 9,740 Miscellaneous expenses 720 Common stock 85,360 Exercise 1-20 (Algo) Preparing a balance sheet LO P2 Use the above information to prepare a December 31 balance sheet for Ernst Consulting.
The preparation of the December 31 balance sheet for Ernst Consulting is as follows:
Ernst Consulting
Balance SheetAs of December 31
Assets:Cash $ 7,010
Accounts receivable 18,350
Office supplies 4,480
Office equipment 19,360
Land 46,040
Total assets $95,240
Liabilities and Equity:Accounts payable 9,740
Common stock 85,360
Retained earnings 140
Total liabilities and
Equity $95,240
What is the balance sheet?The balance sheet is a financial statement that shows that an entity's assets are equal to its liabilities and equity.
The first step in preparing Ernst Consulting's balance sheet is to conclude the Income Statement, showing the net income and retained earnings, as below.
Data and Calculations:Cash $ 7,010
Accounts receivable 18,350
Office supplies 4,480
Office equipment 19,360
Land 46,040
Consulting revenue 18,350
Rent expense 4,820
Salaries expense 8,370
Telephone expense 910
Miscellaneous expenses 720
Cash dividends $ 3,390
Accounts payable 9,740
Common stock 85,360
Ernst Consulting
Income StatementFor the year ended December 31
Consulting revenue $18,350
Rent expense 4,820
Salaries expense 8,370
Telephone expense 910
Miscellaneous expenses 720
Net income $3,530
Cash dividends 3,390
Retained earnings $140
Thus, the December 31 balance sheet for Ernst Consulting has been prepared as shown above.
Learn more about preparing the balance sheet at https://brainly.com/question/13473878
#SPJ1
I'LL MARK BRAINLIEST PLEASE ANSWER FAST (14 POINTS)
To achieve your overall vision of your life, you’re going to have to piece together a lot of _____________ and effort.
A. different parts of your life
B. memories
C. different goals
D. different regrets
Answer:
The answer is B :)
Explanation:
ARTICLES OF ASSOCIATION
Answer:
Articles of association form a document that specifies the regulations for a company's operations and defines the company's purpose. The document lays out how tasks are to be accomplished within the organization, including the process for appointing directors and the handling of financial records.
1. What industry forces might cause a propitious niche to disappear?
If the market contracts, due to internal or external factors, then the demand for the goods and services that the firm sells will fall and thus, a propitious niche will disappear. and, if the market expands, and the company fails to meet the increased demand, then also the propitious niche will vanish.
what role should foreign expansion play in Starbucks' strategy?
Answer:
There are three roles that should come into play: Subsidiaries, joint ventures, and licensing. The main role that should be used is joint ventures.
Answer:
Foreign expansion will ensure that global expansions don't dilute their culture, meaning they can lead the company similar to how a small-business is lead.
Cecilia has studied economics and knows about the value and investment potential of diamonds. The price of
diamonds has recently decreased, and a new
necklace while the prices are lower.
diamond mine has opened nearby. Cecilia decides to buy a diamond
How did Cecilia's knowledge of economics help her make a savvy commodity purchase?
• She knew that diamonds are popular and in high demand.
O She knew that diamonds are
a nonrenewable resource, making them scarce.
O She knew that the cost of diamonds depends only on the demand.
She
knew that the purchase of diamonds will satisfy wants and needs.
Cecilia knew that diamonds are popular and in high demand, hence option A is the correct answer.
The economics of Value and Investment.The definition of value investing is the ability to identify a commodity of a good that has the potential to sell at a higher price value compared to the amount they are currently trading at.
In summary, it involves buying at a lower price and selling at a higher price.
Learn more about value investing here:
https://brainly.com/question/6786326
#SPJ1
Answer:
A
Explanation:
You are offered $1,000 today, $10,000 in 12 years, or $25,000 in 25 years. Assuming that you can earn 11 percent on your money, which offer should you choose?
Based on the amounts offered and their present values, the best offer is $10,000 for 12 years.
Why the second alternative can be chosen?The second alternative is chosen, because this is chosen as it gets the higher amount of present value, the following are the calculations:
The present value of Offer 1 is $1,000. The present value of Offer 2 is $2,858 (10,000 / (1 + 11%)²)The present value of Offer 3 is $1,840 (25,000 / (1 + 11%)³)Therefore, option 2 has the highest present value and so should be picked.
Learn more about the present value, refer to:
https://brainly.com/question/17322936
#SPJ1
COST OF COMMON EQUITY WITH FLOTATION Ballack Co.’s common stock currently sells for $46.75 per share. The growth rate is a constant 12%, and the company has an expected dividend yield of 5%. The expected long-run dividend payout ratio is 25%, and the expected return on equity (ROE) is 16%. New stock can be sold to the public at the current price, but a flotation cost of 5% would be incurred. What would be the cost of new equity?
Based on the stock price of Ballack Co., the dividend, and the growth rate, the cost of new equity is 17.26%.
What is Ballack Co's cost of new equity?This can be found as:
= (Next dividend / (Current price x (1 - floatation cost) ) + Growth rate
Solving gives:
= ( (46.75 x 5%) / (46.75 x ( 1 - 5%)) + 12%
= ( 2.33 / 44.41) + 12%
= 17.26%
Find out more on cost of new equity at https://brainly.com/question/22984873.
#SPJ1
McBurgers Inc. noticed brown pellets in some areas of
their kitchen. They assume that it is a sign of pest
infestation. What action should they take?
Check all that apply:
Store food away from walls and dispose of trash
regularly.
Change humidity, light, and temperature conditions
in the whole food service area.
Block all entry points to prevent pests from entering
the kitchen or other storage areas.
Sweep the pellets away and clean the floor with
water and a cleaner and apply floor sanitizer.
Submit Answer
The action that they should take are:
Store food away from walls and dispose of trash regularly.Change humidity, light, and temperature conditions in the whole food service area.Block all entry points to prevent pests from entering the kitchen or other storage areas.Sweep the pellets away and clean the floor with water and a cleaner and apply floor sanitizer.What is pest infestation?Pest Infestation is the state of being invaded or overrun by pests or parasites.
To avoid pest infestation, it is important to keep the house clean.
Learn more about pest on:
https://brainly.com/question/11050545
#SPJ1
You are considering the purchase of real estate that will provide perpetual income that should average $50,000 per year. How much will you pay for the property if you believe its market risk is the same as the market portfolio’s? The T-bill rate is 3%, and the expected market return is 8.0%.
1. Why didn’t a planet form here?
Answer:
Hi!
so if you mean earth and I just have to guess about your question,
I think Earth is a planet so it would have needed to form.
Explanation:
it needed to form.
Which taxpayer would benefit the most from a tax-free municipal bond compared to a taxable bond? a. A taxpayer who won a mega-million-dollar lottery b. The average low income worker c. They would all equally benefit from the tax-free municipal bond d. A taxpayer whose only income is from Social Security
The taxpayer would benefit the most from a tax-free municipal bond compared to a taxable bond is taxpayer who won a mega-million-dollar lottery
Who is taxpayer?A tax payer is an individual who pays tax, the tax is paid based on income generated and it is computed and paid to the government.
Therefore, The taxpayer would benefit the most from a tax-free municipal bond compared to a taxable bond is taxpayer who won a mega-million-dollar lottery
Learn more on tax below,
https://brainly.com/question/26316390
#SPJ1
17
sked out of
Botanic Choice signs an agreement on January 1, 2019, to lease equipment to Famous Furniture. The
following information relates to this agreement.
. The term of the non-cancelable lease is 4 years with no renewal option. The equipment has an estimated
economic life of 6 years.
• The fair value of the equipment on January 1, 2019, is € 40,000.
• The asset will revert to the lessor at the end of the lease the term, at which time the asset is expected to
have a residual value of £6,000, none of which is guaranteed.
• The agreement requires equal annual rental payments of € 9,538.39 to the lessor, beginning on
December 31, 2019.
• The lessee's implicit rate is 8 %. Present value of an ordinary annuity of $1 for number of periods = 4,
interest 8% equals 3.31213.
What is the balance of lease liability (noncurrent) on December 31, 2019?
Select one:
a. €31.592.39
b. €17,009.51
€24.581.39
d. 22053.99
The balance of lease liability on December 31, 2019, is equal to €31,592.39.
Option A is the correct answer.
What is a lease?A lease is a contract where the owner of the asset permits the other party to utilize the asset for a specified period of time. The owner receives some consideration for that use.
Given values:
Yearly rental payment: € 9,538.39
PV annuity factor of 8% at 4 years: 3.31213
Computation of lease liability balance:
[tex]\rm\ Balance \rm\ of \rm\ Lease \rm\ Liability= \rm\ Yearly \rm\ Rentals \times\ \rm\ PV \rm\ Annuity \rm\ factor\\\rm\ Balance \rm\ of \rm\ Lease \rm\ Liability=\ 9,538.39 \times\ 3.31213\\\rm\ Balance \rm\ of \rm\ Lease \rm\ Liability=31,592.39[/tex]
Therefore, on December 31, 2019, the amount of lease liability comes our to be € 31,592.39.
Learn more about the lease rentals in the related link:
https://brainly.com/question/23095692
#SPJ1
law of demand states that
Answer:
The higher the price the higher the quantity demand.
Explanation:
The law of demand states that the higher the price, the higher the quantity of goods and services demanded at a given period of time.
Which asset is the most liquid?
A. A certificate of deposit
B. An individual retirement account
C. Commercial real estate
D. Residential real estate
The asset that is the most liquid is a certificate of deposit. This is further explained below.
What is a certificate of deposit?Generally, a certificate of deposit is simply defined as depositors who put money in the bank for a certain period of time being given a certificate of deposit.
In conclusion, The asset that is the most liquid is a certificate of deposit
Read more about certificate of deposit
https://brainly.com/question/2273527
#SPJ1
Drag the tiles to the correct boxes to complete the pairs. For each scenario match it to the correct factor describing the purpose for holding money. When price levels rise, people hold onto cash. When interest rates are low, people forgo interest income. When aggregate income is high, people hold cash to buy goods that are plentiful and cheap. When interest rates are low, people speculate that they will soon increase. Andy decided to hold his money in cash, as he did not earn sufficient money as income from interest. arrowRight Ben is a consumer and decides not to purchase luxury items because they are too expensive. arrowRight Chad thinks it to be a good opportunity to buy the products from the market as the supply has increased. arrowRight Daphne is holding onto her money as she feels that the interest rate will go up soon. arrowRight
The purpose for holding money in economic in classified into:
transactional motiveprecautionary motivespeculative motiveThe Drop-downs includes:When price levels rise, people hold onto cash. - Speculative motiveWhen interest rates are low, people forgo interest income - Speculative motiveWhen aggregate income is high, people hold cash to buy goods that are plentiful and cheap - Transactional motive.When interest rates are low, people speculate that they will soon increase - Speculative motiveAndy decided to hold his money in cash, as he did not earn sufficient money as income from interest. - Speculative motiveBen is a consumer and decides not to purchase luxury items because they are too expensive - Speculative motiveChad thinks it to be a good opportunity to buy the products from the market as the supply has increased. - Transactional motiveDaphne is holding onto her money as she feels that the interest rate will go up soon - Speculative motiveRead more about holding motives
brainly.com/question/16287958
#SPJ1
(a) Define the terms: (1) Gross Domestic Product
Answer:
Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health.
Explanation:
what role would money play in equity theory
Answer:
I’m assuming that people might want to work more because they are basically being bribed to work.
Explanation:
they would end up wanting to work longer periods of time.
This course has covered various aspects of managerial accounting that are meant to give you the foundation needed to understand, analyze and evaluate a company’s performance as a company manager as well as an external user of financial information.
Given your personal and professional goals, which of these tools will be of greatest benefit to you (describe at least 3)? Why? Be specific.
Personal and professional goals help to grow in personal and career graphs. My personal goal can be having my own house within 2 years. The professional goal can be having a managerial post in a leading company.
What do you mean by Goals?A goal refers to an objective or outcome for the future that a person wants to achieve. These goals help to design the life structure of an individual. these goals can be personal and professional.
These help to improve the productivity of individuals by motivating them. It helps individuals to perform better, and to seek growth personally and professionally.
It helps in measuring and analyzing the performance of the individual and evaluating and understanding whether the performance is matching to the standards or not.
Learn more about Goals, here:
https://brainly.com/question/1512442
#SPJ1
what is excutive branch
Answer:
The executive branch carries out and enforces laws. It includes the president, vice president, the Cabinet, executive departments, independent agencies, and other boards, commissions, and committees. :)
When purchase cost regularly rise the inventory costing method that use the highest reported net income is
The inventory costing approach that produces the largest reported net profitability while purchase costs are consistently rising is the FIFO method.
What does accounting's inventory technique entail?
Accountants eliminate their company's inventory costs and report them as the cost of goods sold for accounting valuation using an inventory cost flow assumption. These presumptions include FIFO, LIFO, and WAC as examples.
Thus,
The inventory costing approach that produces the largest reported net profitability while purchase costs are consistently rising is the FIFO method.
Learn more about inventory method:
https://brainly.com/question/17097250
#SPJ1
Millbridge Ambulance Service (MAS) has been considering consolidating its three locations into just two locations. The location MAS is considering closing currently costs $155,000 to operate. If the location is closed, the ambulances from that location would be moved to the other two locations. The savings from the closure would be partially offset by increased expenses at the two remaining locations. MAS will lose $40,000 of state subsidy if it closes the location. MAS wants to close the location only if the closure results in an overall financial improvement. The current costs of the location are as follows: The general and administrative expenses of $20,000 are an allocation of costs from the central office. The costs of the central office are not affected by the existence of the specific locations. If the location is closed, the staff will be transferred to the other two locations, and the lease will be canceled, so there will be no rent or repairs and maintenance. While it will not purchase supplies for this location, the supply cost of the other two locations will rise by $20,000. What should MAS do?
Millbridge Ambulance Service (MAS) should not go ahead with consolidating its three locations into two because it will have a negative cost savings of $5,000.
What are cost savings?Cost savings refer to the benefits that Millbridge can realize from some actions that reduce its expenses or costs.
Cost savings are derived from cost minimization strategies.
Data and Calculations:Salaries of staff = $80,000
Rent = $20,000
Repairs/Maintenance = $10,000
General /Administration = $20,000
Supplies = $25,000
Total = $155,000
Savings in costs:Loss of state subsidy = -$40,000
Rent = $20,000
Repairs/Maintenance = $10,000
Supplies = $5,000 ($25,000 - $20,000)
Total savings = -$5,000
Thus, Millbridge Ambulance Service (MAS) should not go ahead with consolidating its three locations into two because it will have a negative cost savings of $5,000.
Learn more about cost-saving strategies at https://brainly.com/question/24437926
#SPJ1
what are the types of outsurance company
The main type of Insurance company includes:
General insurance companyLife insurance companyReinsurance companyWhat is the role of Insurance company?These are financial institution that provide insurance covers to intending policyholders.
Therefore, the main type of Insurance company includes general insurance company, Life insurance company and Reinsurance company.
Read more about Insurance company
brainly.com/question/13641753
#SPJ1
do business trust income tax on income according to the conduit principle
Answer:
Yes, the grantor pays the taxes on the income that comes from the trust. They have complete control of the trust. Money is then placed into the trust, the rate it accumulates at is taxable as income to mostly the trust.
Hope it helps.
1. Which of the following is NOT usually considered a member of the
executive committee of a hotel?
A. Director of Catering
B. Rooms Division Manager
C. Director of Food and Beverage
D. Director of Engineering
Answer: It should be B
Rooms Division Manager is not usually considered a member of the executive committee of a hotel. Hence, option B is correct.
What is Rooms Division Manager?The personnel in charge of the hotel's front desk, guest services, and cleaning are all supervised by the managers of the rooms division. They answer to the general manager and are in charge of making sure that the guests receive exceptional service.
The section responsible for handling reservations, the front desk, housekeeping, concierge, guest services, and security are just a few examples of the divisions that make up a hotel.
The manager of the rooms division in a hotel oversees coordination between housekeepers and front desk personnel. Their responsibilities also include maintaining quality standards, assigning tasks, preparing schedules, providing leave, and allocating resources, in addition to greeting VIP visits and reporting to general managers.
Thus, option B is correct.
For more details about Rooms Division Manage, click here:
https://brainly.com/question/15969769
#SPJ2