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lesantik [10]
1 year ago
13

As of December 31, 2018, Moss Company had total cash of $160,000, notes payable of $86,000, and common stock of $52,800. During

2019, Moss earned $40,000 of cash revenue, paid $22,000 for cash expenses, and paid a $3,400 cash dividend to the stockholders. Required a. Determine the amount of retained earnings as of December 31, 2018. b
Business
1 answer:
tatyana61 [14]1 year ago
6 0

Given:

Total cash = $160,000

Notes payable = $86,000

Common stock = $52,800

Find:

Retained earnings as on December 31, 2018

Computation for retained earning:

According to Accounting Equation:

Assets = Liabilities + Stock holder equity

Total Cash = Notes payable + Common stock + Retained earning

$160,000 = $86,000 + $52,800 + Retained earning

$160,000 = $138,800 + Retained earning

Retained earning = $160,000 - $138,800

Retained earning = $21,200

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Clay, "a production manager, believes that some of his workers are unhappy with their job, so they are not working as hard as th
ratelena [41]

Answer:

The answer is: Develop a positive work culture

Explanation:

Ever since the Hawthorne experiments by Elton Mayo way back in the 1920´s it has been proved over and over again that happy and positive employees are more efficient, have lower staff turnover, are more creative, etc.. Simply they are better workers.

It is not always easy to achieve the goal of a happy working environment and there is no formula for doing so. Management knows the benefits (better recruitment, worker loyalty, higher job satisfaction, more job collaboration, better morale, less stress, better work performance, etc) but not everyone can make it happen.

Some ideas about how to make a positive work culture include:

  • Let every employee know the vision of the company and the values the company stands for.
  • Hire the right people.
  • Make employees feel part of the unique story of the organization.
  • The company must practice its values.
  • Create a work environment were employees can connect with each other not only for working reasons but also on informal levels.
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3 0
2 years ago
The text identifies three methods for estimating the cost of common stock from retained earnings: the CAPM method, the DCF metho
wlad13 [49]

Answer:

A. True

Explanation:

This is true, the estimate we get of the cost of common stock from retained earnings is not fully accurate. So we often use all three methods and then average out to use a reasonable estimate.

6 0
2 years ago
Margaret incurred one personal casualty loss caused by a federally declared major disaster in 2019. The amount of the loss, afte
iogann1982 [59]

Answer:

$0

Explanation:

There are two Step for the computation of casualty loss deduction if the casualty loss is personal

Step 1  Reduce $100 per casualty event from the casualty loss

Step 2 Reduce 10% of the AGI from the amount you get from step 1

Data

Loss = $2,500

AGI = $35,000

Deduction =?

Solution

Step 1 =  $2,500 - $100 = $2,400

Step 2: $2,400 - ($35,000 x 10%) = $0

If the amount in step 2 is $0 then the person is not eligible for casualty loss deduction  

8 0
2 years ago
Transformational leaders use four key kinds of behaviors that affect followers. paul vallas exhibits _________ as he explains hi
Ghella [55]
 Paul Vallas exhibits inspirational motivation  as he explains his "vision of the future" in this opening segment.To make his strategic vision a reality, Paul Vallas is seeking teachers who are committed to the vision. This follows from the fact that f<span>or transformational change to occur, followers must be committed to the leader's strategic vision of the future.</span>
3 0
2 years ago
If the price of Product E decreasing by 2% causes its quantity demanded to increase by 14% and the quantity demanded for Product
Reika [66]

Answer:

B) complements

Explanation:

The cross elasticity shows a relationship between the percentage change in quantity demanded with the percentage change in the price.

In case of the substitute goods, the relation between the price and the quantity demanded is positive that means if the price of goods increased than the quantity demanded is also increased

And, In case of the complementary goods, the relation between the price and the quantity demanded is  negative that means if the price of goods increased than the quantity demanded is decreased

According to the given situation, the most appropriate option is B.

5 0
2 years ago
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