What was hensons retained earnings

Assignment Help Accounting Basics
Reference no: EM13122985

Henson Company began the year with retained earnings of $175,000. During the year, the company recorded revenues of $250,000, expenses of $190,000, and paid dividends of $20,000. What was Henson's retained earnings at the end of the year?

Reference no: EM13122985

Questions Cloud

What sample size should be taken for probability of error : If the service manager wants to 95% confident that the overall time is correctly estimated, with a 3 percent probability of error, what sample size should be taken.
The highway : Image driving down the highway utilizing the newly purchased Garmin GPS device to navigate the trip and one begins to ponder whether big brother (any government entity) is watching. The answer is that any well-informed company or agency can track one..
Use scientific process for better understand personality : How have you used the scientific process (unsystematic observation, building theories, and evaluating propositions) in your life to better understand your personality?
Graphing-slopes and intercepts : Give an example of a linear function and show at least one method of graphing it. By looking at the graph of a line, how can you tell if its slope is negative? What kind of line has a slope of zero and why?
What was hensons retained earnings : Henson Company began the year with retained earnings of $175,000. During the year, the company recorded revenues of $250,000, expenses of $190,000, and paid dividends of $20,000. What was Henson's retained earnings at the end of the year?
Cost and revenue functions and breaking point : A company that manufactures bicycles has a fixed cost of $ 100,000. It costs $ 100 to produce each bicycle. The selling price per bike is $ 300.
Particle moving along graph of function : A particle moves along the graph of the function y=8/3x^3/2 (the 3/2 is the exponent on the x) at the constant rate of 2 units per seconds.
Find probability-shuttle component functions successfully : This shuttle component functions successfully provided that at least one of the n systems functions properly. Find the probability that this shuttle component functions successfully if n - 2.
Upstream or downstream sale : Many times the sale of inventory is referred to as upstream and downstream. However, how is it treated if it is from one sub to another? Is the sale of inventory from one sub to another treated in the same manner as an upstream or downstream sale?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Fasb conceptual framework

What bodies provide authoritative support for GAAP? What elements comprise the FASB's conceptual framework?

  Raymond financial services

In May of 2011, Raymond Financial Services became involved in a penalty dispute with the EPA. At December 31, 2011, the environmental attorney for Raymond indicated that an unfavorable outcome to the dispute was probable.

  Compute elasticity portion of curve

The quantity demanded falls to 300 units per week. Use the formula for arc elasticity to compute elasticity along this portion of the curve.

  Is curve-lm curve-equilibrium

Consider the following economy: Write numerical formula for IS curve. Write numerical formula for LM curve. What is equilibrium level of r?

  How would you respond on behalf of your client

Your client Crimson Corp. (CC) is being audited by the Department of Revenue for the State of New York for the calendar year 2010. CC had been audited by the Internal Revenue Service (IRS) for 2010 and agreed with CC's tax position that the sale o..

  Journal entries-common-preferred-treasury stock

Consider the recording of journal entries related to common, preferred, and treasury stock. How does the record-keeping of these entries relate to business?

  Estimating sales and profit after tax

What is your estimate for 2008 sales($)? What is your estimate of 2008 profits after tax? What is the percentage increase in 2008 profits after tax vs 2007 profit after tax of $110 Million?

  Determine the equivalent units and costs per equivalent

Determine the equivalent units and costs per equivalent unit for materials and conversion costs.  Are the ending balances in the WIP and Finished Goods inventory as shown correct? If they are not correct, what should the ending balances be?

  Explain companies are required to report earnings

Publicly traded companies are required to report earnings per share data on the face of the income statement. compare and contrast basic earnings per share with diluted earnings per share for each of the following:

  Weighted-average inventory pricing

During 2010 Williamson Company changed from FIFO to weighted-average inventory pricing.

  Examine key factors that impact a company''s decision

Examine key factors that impact a company's decision of whether to pay a dividend and evaluate what you believe is the most significant driver of the decision.

  Transaction-translation and economic exposures

What are the differences among transaction, translation, and economic exposures? Should all of them be ideally reduced to zero?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd