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KATRIN_1 [288]
1 year ago
12

Kahlan Opinion Surveys had beginning retained earnings of $24,600. During the year, the company reported sales of $105,700, cost

s of $78,300, depreciation of $9,000, dividends of $1,200, and interest paid of $635. The tax rate is 30 percent. What is the retained earnings balance at the end of the year?
Business
1 answer:
Westkost [7]1 year ago
3 0

Answer:

The retained earnings balance at the end of the year is $35,835.5

Explanation:

Income before tax (taxable income) = Sales - Costs - Depreciation expense - Interest expense = $105,700 - $78,300 - $9,000 - $635 = $17,765

The tax rate is 30 percent. The amount of tax the company had to pay:

$17,765 x 30% = $5,329.5

Net income = Income before tax - Tax = $17,765 - $5,329.5 = $12,435.5

The retained earnings balance at the end of the year = Beginning balance in retained earnings + Net income - Cash dividends - Stock dividends = $24,600 + $12,435.5 - $1,200 = $35,835.5

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Morgarella [4.7K]

Answer:

The below statement marks the company's vision.

In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.

Explanation:

Companies tend to summarize their goals and objectives in mission and vision statements. Both of these serve different purposes for a company but are often confused with each other.

<u>Vision of a company/organisation</u>

  • Vision statement outlines what a company wants to be in the future.
  • The Vision Statement focuses on the future
  • It is a statement that is a source of inspiration and motivation.  
  • It describes not just the future of the organization but the future of the industry or society in which the organization hopes to effect change.

Relevance to the given scenario is that in the identified statement, Micheal has clearly demonstrated, what he sees for the foundation and how it wants to impact the foundation's stakeholders.

The vision of the foundation is as follows:

<em>In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.</em>

<em></em>

Vision is different from the mission:

<u>Mission statement:</u>

The Mission Statement concentrates on the present; it defines the customer(s), critical processes and it informs you about the desired level of performance.

The mission of the foundation is as follows:

<em>The purpose of the foundation is to maximize the effect of public participation and welcome the recognition for volunteering.</em>

<em></em>

4 0
1 year ago
Forte Co., had 3,000 units of work in process on April 1 that were 60% complete. During April, 11,000 units were started and as
LUCKY_DIMON [66]

Answer:

a. 10,000 units

Explanation:

The computations of units completed are shown below:

= Beginning work in process units + units started - closing work in process units

= 3,000 units + 11,000 units - 4,000 units

= 10,000 units

For this question, we ignored the equivalent units as the question has asked about the completed units only

So, all other information is irrelevant

6 0
1 year ago
Consider this argument: "if richard graduated with honors, then richard maintained a gpa of 3.2 or higher. it is not the case th
Sav [38]

This is an Affirming the Consequent argument. It is the name of an invalid conditional argument form or an invalid form of the modus ponens.

This is easily identified by remembering that any argument that affirms the consequent is invalid.

8 0
1 year ago
Serenity accepted a position with Creative Concepts in Houston, Texas. Before her first day, she felt uneasy as she was new to t
ruslelena [56]

Answer:

A. Social needs

Explanation:

Social need is an individual need to have a relationship with others. It involves socialization with one's environment and society. According to Maslow hierarchy of needs, the social need comes after an individual psychological and safety need as been accomplished. Social needs involves making friends, finding love, having lots of intimacy and various series of connections with other individuals. By been able to make new friends and understand her city, the new job seemed to satisfy Serenity need for social relationships and interactions.

6 0
1 year ago
In Ritzer chapter 2, he points out that Weber viewed ______ as the most efficient structure for dealing with large numbers of fo
Mars2501 [29]

Answer:A. Bereaucracy

Explanation: Max Weber is a German Sociologists known for his work on the BEREAUCRACY THEORY, where he states that Bereaucracy is the most effective and efficient way of handling large tasks in Organisations to eliminate Favouritism and ensure that Government tasks are systematically conducted.

Ritzer is an American Sociologist who pointed that Max Weber view Bereaucracy as the most efficient structure for dealing with large numbers of formalized tasks and paperwork.

6 0
2 years ago
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