Answer:
$45.027 million
Explanation:
The accounting equation shows the relationship between the various elements of the balance sheet. These are the assets, liabilities and equity. It is given as
Assets = Liabilities + Equity
The owner's equity is made up of the common stock and retained earnings (which is the net income less dividend paid over the period).
Equity = $125.989 million - $77.152 million
= $48.837 million
Retained earnings = Equity - Common stock
= $48.837 million - $3.810 million
= $45.027 million
Digby Corporation's retained earnings is $45.027 million
I would say that Rose's idea is based on an analysis of the seniority of the employees and the time between their promotions and apparently is to help the longer term employees to obtain promotions and thus encourage them to strive to become even better employees perhaps in new positions.
Answer:
bond's selling price is $6154
Explanation:
given data
face value = $5,000
interest = 8 % of face value
rate = 6.5 %
to find out
bond's selling price
solution
we find interest that is
interest = 8 % of face value
interest = 8 % × 5000
interest = 400
so we consider bond selling price is x
so
bond selling equation will be
interest = rate × bond selling price
400 = 0.065 × x
x = 6154
so bond's selling price is $6154
Answer: Correct me if I'm wrong but when it says " In what areas did the Spencer's overspend? What changes would you make to their spending?" first that comes into your mind is what did they overspend? First we need to create a budget, to do that lets take a look at the balance on the credit card we see the balance is 1200$ now we need to create a budget first we add up the spending's of may
700+350=1,050
140+100=240
100+230=330
260+130=390
we got the sums add the sums
1,050+240+330+390=2,010
the spencer's overspent about 810$
now we got to remove the unnecessary expenses which would be
- miscellaneous expenses $130
- entertainment/recreation/eating out $260
- tv/cable $100
- cell phones $100
that'll save about 490$ just about half of 810$ now with the money saved that money will go to the short term saving putting in their 490$
i really hope this help
Answer:
Since Travis is a minor, he is able to disaffirm a contract. Minors are not allowed to sign contracts except those that include basic necessities like food or shelter. This is not the case here since painting a car is not considered a basic necessity. As long as Travis disaffirms the contract while being a minor, the other party cannot do anything about it. This applies even if Travis cannot make any type of restitution since he cannot return the paint job.
