subject
Business, 27.05.2020 15:58 kokokakahi

Golden Enterprises started the year with the following: Assets $101,000; Liabilities $31,000; Common Stock $61,000; Retained Earnings $9,000. During the year, the company earned revenue of $5,100, all of which was received in cash, and incurred expenses of $3,050, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $1,100 to owners. Assume no other activities occurred during the year. The amount of Golden's retained earnings at the end of the year is:

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 04:10
Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.
Answers: 1
question
Business, 22.06.2019 15:00
Because gloria's immediate concern was the perceived gender discrimination, she would be more concerned about than intent, resultsresults, intentstatistics, trendsrace,gendergender,race
Answers: 2
question
Business, 22.06.2019 20:00
If a hotel has 100 rooms, and each room takes 25 minutes to clean, how many housekeepers working 8-hour shifts does the hotel need at 50 percent occupancy?
Answers: 1
question
Business, 22.06.2019 20:10
Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%
Answers: 2
You know the right answer?
Golden Enterprises started the year with the following: Assets $101,000; Liabilities $31,000; Common...
Questions
question
Physics, 27.09.2021 21:20
question
Mathematics, 27.09.2021 21:20
question
English, 27.09.2021 21:20
question
Mathematics, 27.09.2021 21:20
question
Mathematics, 27.09.2021 21:20
question
Mathematics, 27.09.2021 21:20
Questions on the website: 13722359