Solution-What was retained earnings at the end of each of

What was retained earnings at the end of each of the years

Assignment Help Accounting Basics

Reference no: EM131782736

A firm began operations on January 1, 2013, with contributed capital of $50,000.

2013 2014

Revenue $253,000 $572,000

Expense $125,400 $258,500

Dividends $ 35,200 $ 83,600

What was Retained Earnings at the end of each of the years? (Show the solution )

2013 2014

A. $ 92,400 $322,300

B. $127,600 $229,900

C. $ 92,400 $313,500

D. $127,600 $322,300

E. $ 92,400 $229,900

Reference no: EM131782736

Questions Cloud

Determine the inventory that approximates average cost : ABC values their inventory under the lower of cost or market by individual product. Determine the inventory that approximates average cost

Discuss process costing be more appropriate for the company : Would Job Costing or Process Costing be more appropriate for this company

Write the equations of motion expressed in matrix form : Assuming that T remains unchanged when the masses are displaced normal to the string, write the equations of motion expressed in matrix form.

What is the probability that exactly 1 of the houses : The probability that a house in a wooded area will catch fire is 9%. If 46 houses are randomly selected, what is the probability that exactly 1 of the houses

What was retained earnings at the end of each of the years : What was Retained Earnings at the end of each of the years, A firm began operations on January 1, 2013, with contributed capital

Annual interest compounded two times per year : How long will it take to double $300 if it is invested at 7% annual interest compounded two times per year?

What is the present value of the tax savings : Strauss Corporation is making a $67,500 investment in equipment with a 5-year life. What is the present value of the tax savings

Discuss the department take to overcome its difficulties : What steps could the department take to overcome its difficulties

Set up the equation of motion : 1. Set up the equation of motion and find its general solution.

Reviews

Write a Review

Required(*) Message

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?

Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

Accounting problems

Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.

Theory of interest - term structure of interest rates

Term Structure of Interest Rates

Write a report on internal controls

Write a report on Internal Controls

Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

Liquidity and profitability

Distinguish between liquidity and profitability.

What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

User Account

All Pages

What was retained earnings at the end of each of the years

Reference no: EM131782736

Reference no: EM131782736

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT