On January 1, 2022, Sunland Corporation had retained earnings of $548,000. During the year, Sunland had the following selected transactions. 1. Declared cash dividends $128,000. 2. Corrected overstatement of 2021 net income because of inventory error $44,000. 3. Earned net income $349,000. 4. Declared stock dividends $64,000.

Answers

Answer 1

The retained earnings balance at the end of the year is $661,000.

Retained earnings balance

Using this formula

Ending retained earning = Beginning  retained earning balance - Cash dividend declared - Overstatement of inventory error + Net income - Stock dividend declared

Let plug in the formula

Ending retained earning= $548,000 - $128,000 - $44,000 + $349,000 - $64,000

Ending retained earning= $661,000

Therefore the retained earnings balance at the end of the year is $661,000.

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Related Questions

What's price in economics

Answers

Answer:

the amount of money that has to be paid to acquire a given product.

I hope this helps! ^^

Answer:

Price is the value that a manufacturer will receive in exchange of service and goods.

Milner is saving for her retirement. She will make a deposit into her IRA account at the end of each quarter for the next 36 years. The expected return on the account is 8%. How much will she have to deposit each quarter to have $650,000 in the account when she retires 36 years from today

Answers

Milner will have to deposit $796.81 each quarter to have $650,000 in her retirement account when she retires 36 years from today at 8% interest rate.

How is periodic payment or deposit calculated?

To calculate the quarterly deposit that Milner must make to have $650,000 in her retirement account after 36 years, we can use an online finance calculator.

The online finance calculator will use the future value of $650,000 at 8% for 144 quarters (36 years by 4 quarters) to determine the quarterly deposit.

Data and Calculations:

N (# of periods) = 144 (36 years x 4)

I/Y (Interest per year) = 8%

PV (Present Value) = $0

FV (Future Value) = $650,000

Results:

Quarterly deposit = $796.81

Sum of all periodic payments = $114,740.64 ($796.81 x 144)

Total Interest = $535,259.36

Thus, Milner will have to deposit $796.81 each quarter to have $650,000 in her retirement account when she retires 36 years from today at 8% interest rate.

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Dobson Manufacturing is setting up production and distribution facilities in Mexico to meet the growing demand there. The company's executives want the human resource department to identify one of its U.S. managers to lead the operations, so he or she can ensure that the company culture is maintained. They ask the HR vice president to recommend a person with strong financial skills. The HR vice president agrees but adds that they also should use psychological testing to identify candidates who are highly flexible and conscientious. Which statement best supports the HR vice president's advice

Answers

The statement that best supports the HR vice president's advice is that the traits will help the manager persevere through culture shock.

What is culture?

Culture simply illustrates the way of life of people. People face culture shock when they move into a new environment.

In this case, the statement that best supports the HR vice president's advice is that the traits will help the manager persevere through culture shock.

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Question :

Dobson Manufacturing is setting up production and distribution facilities in Mexico to meet the growing demand there. The company's executives want the human resource department to identify one of its U.S. managers to lead the operations, so he or she can ensure that the company culture is maintained. They ask the HR vice president to recommend a person with strong financial skills. The HR vice president agrees but adds that they also should use psychological testing to identify candidates who are highly flexible and conscientious. Which statement best supports the HR vice president's advice .

Answer :

Culture Shock .

state any two functions of government office​

Answers

Answer:

The government office has the following functions:

To overlook all government activities at a given area.To maintain peace,order and involvement of citizens to government decision.

Currently, the leadership trend is to empower employees. When a leader empowers employees, that leader is giving them: Multiple choice question. direction and steps to accomplish organizational goals exact orders about what to do as much freedom as possible to become self-directed and self-motivated less authority to make decisions

Answers

As much freedom as possible to become self-directed and self-motivated is When a leader empowers employees, that leader is giving them.

What is the advantage of the self-motivated employees?

Self-motivate employees are the best performer in the organization as they are highly charged and devoted towards the company, so they tried to give their best in every aspect. They are more loyal towards their leaders as they both have trust relationship between each other.

Thus, option C is correct.

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What percentage of your taxes went to funding public safety? a. 10.49% b. 12.06% c. 11.72% d. 8.94%

Answers

The 10.49% portion of our taxes is allocated to fund public safety.

What is public safety?

This refers to the general protection of the general public's well-being by the police officers, firefighters etc.

Hence, the 10.49% portion of the population's taxes is allocated to fund the public safety.

Therefore, the Option A is correct.

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According to the feedback critique, multiple select question. market structure established market power. conduct of firms can affect market structure. market performance can affect conduct. market performance can affect market structure. market structure causes conduct.

Answers

All alternatives are correct in relation to the market structure.

What is the market structure?

It corresponds to the capacity of a market and its form of operation, being integrated with all the market factors referring to the categorization of companies according to their niche of activity and that influence their operations.

Therefore, the market structure refers to the differentiation of a company in the competitive market.

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You receive a text from a number claiming to be your credit card company that requires you to verify some suspicious charges using a provided link. What type of attack is this?.

Answers

A phishing assault occurs when someone sends credit card-related emails, texts, or information and then clicks on a link to verify account information.

What is a suspicious charge?

The term "suspicious charge" refers to the feeling that somebody has done something wrong, fraudulent or illegal. Somebody misuses personal information and details.

Phishing is the process of obtaining vital or sensitive information for malevolent objectives, such as a username, password, code, current bank balance, and credit card information.

As a result, phishing scams are the most common type of attack.

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In the dell case study, engineers working closely with marketing, used lean software development strategies and numerous technologies to create a highly scalable, singular ________.

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In the dell case study, engineers working closely with marketing used lean software development strategies and numerous technologies to create a highly scalable, singular data mart.

What is Marketing?

This refers to the act of promoting a business or a good or service to the general public.

Hence, we can see that based on the Dell case study, there was the use of software development strategies to make and develop a highly scalable, singular data mart.

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An investment in labor helps a business increase productivity by:

Answers

An investment in labor helps a business increase productivity by bringing in more people to make a product.

What is an investment?

It should be noted that an investment simply means a process or action that's used to generate revenue.

In this case, an investment in labor helps a business increase productivity by bringing in more people to make a product.

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In a market system, scarce goods are allocated by multiple choice 1 market prices that are determined by consumers and producers acting in the public interest. fixed prices that are determined by consumers and producers acting in the public interest. market prices that are determined by consumers and producers acting in their own self-interest. estimated prices that are determined by consumers and producers acting in their own self-interest.

Answers

In the market system, scarce resources are allocated by the market prices which are determined by consumers and producers acting in their own self-interest. Therefore, Option C is the correct choice.

What is allocation of scarce resources?

Resource allocation is the assignment of available sources to diverse uses. In the context of a whole economy, sources may be allotted with the aid of using diverse means, inclusive of markets, or planning.

Therefore, In the market system, scarce resources are allocated by the market prices which are determined by consumers and producers acting in their own self-interest. Option C is the correct choice.

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Enterprises that provide goods or services to, or receive them from my training institution or organization​

Answers

Answer:

Enterprise is another word for a for-profit business or company, but it is most often associated with entrepreneurial ventures. People who have entrepreneurial success are often referred to as “enterprising.” There are many forms of legal enterprises, with the most common in the U.S.

The production possibilities frontier illustrates Group of answer choices the combinations of output that an economy should produce. the combinations of output that an economy should consume. the combinations of output that an economy can produce. the combinations of output that an economy wants to produce.

Answers

The combinations shown by the Production Possibilities Frontier are the combinations of output that an economy can produce.

What does the Production Possibilities Frontier?

This refers to an economic metric that allows a nation to see the quantities of goods that it is able to produce given its available resources.

Producing outside the PPF is not possible because it shows a quantity that the nation is unable to produce because it will not have the required resources.

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describe the importance of section officer​

Answers

Answer:

Section officer are important to give and take the services , cater the services effectively , distribute work among the staff as evenly as possible , drafts laws , put up notes , prepare summaries , manage the relevant record and data of concerned department, reply to letters , communicate with other departments , maintain order and discipline in the section maintenance, etc

How many days after missing a student loan payment do your loans go into default?.

Answers

Answer:270 day past due

Explanation:

A product owner can measure success by an increase in the team's velocity

Answers

The given statement is true, that A product owner can measure success by an increase in the team's velocity.

How can a product owner make his firm more successful?

A Product owner's success can be measured by an increment in the team's velocity, that also increases the quality and quantity as well, and this will lead to increase the sales, and as a result of that, the profit also increases.

The estimation of the number of Product Backlog items is estimated by the management team and this can also can complete and set a Sprint Goal.

Therefore, the given statement is true.

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The Johnsons are purchasing their first family vehicle, a used 2012 Honda Odyssey, for $15,000. If they plan to save for the next 2 years (24 months), how much will they need to save each month?

Answers

Answer:

15000÷24 = 625 this is the answer

The Johnsons are purchasing their first family vehicle, a used 2012 Honda Odyssey, for $15,000. If they plan to save for the next 2 years (24 months),they need to save Rs.625 per month.

15000/24= 625

What is family?

"family is a group of persons united by the ties of marriage, blood, or adoption, constituting a single household and interacting with each other in their respective social positions, usually those of spouses, parents, children, and siblings. The family group should be distinguished from a household, which may include boarders and roomers sharing a common residence. It should also be differentiated from a kindred (which also concerns blood lines), because a kindred may be divided into several households. Frequently the family is not differentiated from the marriage pair, but the essence of the family group is the parent-child relationship, which may be absent from many marriage pairs."

A family consists of an adult and his or her offspring. Most commonly, it consists of two married adults, usually a man and a woman (almost always from different lineages and not related by blood) along with their offspring, usually living in a private and separate dwelling. This type of unit, more specifically known as a nuclear family, is believed to be the oldest of the various types of families in existence. Sometimes the family includes not only the parents and their unmarried children living at home but also children that have married, their spouses, and their offspring, and possibly elderly dependents as well; such an arrangement is called an extended family.

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QUESTION 15 One of the benefits of downsizing is: higher customer satisfaction. improved efficiency. a more loyal and productive workforce. that it is a recruiting edge.

Answers

Improved efficiency.

A study shows that downsizing lowered customer satisfaction -
Another study shows that downsizing increased efficiency, but nothing of employee productivity.

In the circular flow model, households sell resources to and buy products from _______. Multiple choice question. consumers the government firms other household

Answers

In the circular flow model, households sell resources to and buy products from firms.

What is the circular flow model?

The circular flow model demonstrates how money moves from the producers to households and back again in an endless loop.

An economy is an endless circular flow of money. In the circular flow model, households sell resources to and buy products from the firms.

Therefore, C is the correct option.

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what is the relationship between the amount of federal tax deducted from your paycheck and the number of dependents you claim on your W-4?

Answers

The relationship between the amount of federal tax deducted and the number of dependents is that the more dependents you have, the less federal tax you pay.

How do dependents affect income tax?

Claiming dependents on your W-4 means that you are claiming allowances, and the higher the number of allowances claimed, the lower the tax withheld from you.

The logic behind this is that if you have more dependents, you will need more of your income to take care of them.

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Ivan is the head of human resources for a large company. He is served with legal papers that outline a lawsuit brought against the company by a former employee. She is alleging that she was terminated because of discrimination. Discuss how Ivan can use the former employee’s written performance appraisals to refute this charge.

Answers

Answer:

the attestation lists contain information about the compliance of the employee with the position held. if an employee according to this certificate does not correspond to the position, he can be fired accordingly.

Explanation:

How do those who study workplace ergonomics help decrease workplace injury?.

Answers

Workplace injuries are used to prevent musculoskeletal problems at work. Ergonomics aids in the prevention of workplace injuries such as occupational diseases, accidents, mental stress, and major strains.

What is Ergonomics?

"Law of Work" is the most basic definition of ergonomics. Ergonomics is defined as the link between individuals and their workplace environment, with a focus on the workers' physical capabilities and comfort.

Workplace environment is healthy; employees should not be physically forced to perform duties; 8 hours of work per day is sufficient; otherwise, employees may experience mental stress as well as major workplace strains or injuries.

As a result, if workers are exposed to these known risk factors for MSDs, they are more likely to be injured at work.

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____ is knowingly making false statements or representation of material facts to obtain a benefit or payment for which a lesser amount or no amount at all was actually earned.

Answers

Fraud is knowingly making false statements or representation of material facts to obtain a benefit or payment for which no entitlement would otherwise exist.

What exactly fraud is?

Fraud is a deceptive activity being made by the offender in order to gain an unlawful gain by harming the rights of the victim.

Fraud is an intentionally done unethical activity or making false statements for deceiving the interests of an individual.

It may include the tax fraud, card fraud, investment fraud etc.

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To effectively run her company, Machi applies the ________, a management style the views her firm as an interdependent collection of departments, and as a single institution that interacts with suppliers, distributors, competitors, and customers.Multiple Choicecontingency viewpointsystems viewpointquantitative management approachhuman relations movementbehavioral science approach

Answers

To effectively run her company, Machi applies the Systems viewpoint a management style the views her firm as an interdependent collection of departments.

What is Systems viewpoint management style?

Systems viewpoint serves as style of management that help the workers to view the organization as a system that is interconnected which gives them the view that they should work with the management to achieve the goal of the organization.

Therefore ,Systems viewpoint serves as style of management that help the workers to view the organization as a system that is interconnected .

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I WILL GIVE BRAINLIEST!!!

What needs to happen to prevent scarcity from re-occurring in the future?

Answers

Answer:

Government shouldn't increase the rate of tax

plants should be planted

Natural resources should be utilize properly

water resources should be kept clean

Explanation:

........

If the dollar price of the english pound goes from $1. 75 to $1. 50, the dollar has.

Answers

Answer: Decreased

Explanation:

I'm sorry but I think your question is incomplete.

A company manufacturing shirts for a discount department store decides to create a new style of cotton shirt. The company would most likely produce shirts that will.

Answers

A company manufacturing shirts for a discount department store decides to create a new style of cotton shirt. The company would likely produce shirts that will be less costly to create.

What is the company?

A company refers to a legal entity that represents an association of people whether natural, legal or a mixture of both with a specific objective.

The missing options in the question are as follows:

sell at a high pricebe less costly to createuse a nonrenewable resourcesatisfy the wants and needs of consumers

As per the given excerpt, a company manufacturing shirts for a discount department store decides to create a new style of cotton shirt. The company would most likely produce shirts that will be less costly to create.

Therefore, B is the correct option.

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Answer:

Be less costly to create

Explanation:

Which of these is an example of qualitative data?

A. A report on the annual sales for a popular children's toy

B. The results of a survey asking whether someone prefers sweet or
sour candy

C. A graph showing how many times people purchase candles

D. A report on how many items were returned to a major clothing
store​

Answers

The results of a survey asking whether someone prefers sweet or sour candy

In its income statement for the year ended December 31, 2022, Whispering Winds Corp. reported the following condensed data. Operating expenses $ 719,000 Interest revenue $ 32,000 Cost of goods sold 1,255,000 Loss on disposal of plant assets 16,000 Interest expense 70,000 Net sales 2,199,000 Income tax expense 44,000 Other comprehensive income (net of $1,200 tax) 8,200 1. Prepare a comprehensive income statement.2. Prepare a multiple-step income statement.

Answers

The Multiple Income Statement is $127,000.

Multiple Income Statement

Multiple Income Statement For the Year Ending Dec. 31, 2022

Particulars Amount ($)

Net sales 2,199,000

Less: Cost of goods sold 1,255,000

Gross profit 944,000

(2,199,000-1,255,000)

Less: Operating expenses 719,000

Operating income 225,000

(944,000-719,000)

Other revenue:

Interest revenue 32,000

Other expenses and losses:

Interest expense 70,000

Add: Loss on disposal of plant assets 16,000

Total other expenses and losses 86,000

(70,000+18,000)

Income before tax  171,000

(225,000+32,000-86,000)

Less: Income tax expense 44,000

Net income 127,000

(171,000-44,000)

Therefore the Multiple Income Statement is $127,000.

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Berry company is an architectural firm located in detroit, michigan. the company works with small and medium-size construction businesses to prepare building plans according to the client's contract. the following data are provided for the previous year: number of designs completed and sold 700 designs beginning inventory of direct materials $20,000 beginning inventory of designs in process 60,000 ending inventory of direct materials 10,000 ending inventory of designs in process 100,000 purchases, direct materials 40,000 direct labor 800,000 manufacturing overhead 100,000 administrative expense 150,000 selling expense 60,000 beginning inventory of finished designs 300,000 ending inventory of finished designs 280,000 required: 1. calculate the cost of goods manufactured. 2. calculate the cost of goods sold. 3. assume that the average fee for a design is $2,100. prepare an income statement for berry. 4. conceptual connection: refer to the cost of goods sold (calculated in requirement 2). what is the dominant cost

Answers

The cost of goods manufactured and the cost of goods sold will be $910000 and $930000 respectively.

How to calculate the cost?

Begining direct material inventory = 20000

Direct material purchase = 40000

Direct materials available = 60000

Ending inventory = -10000

Direct materials used = 50000

Direct labor = 800000.

Total factory overhead = 100000

Total manufacturing cost= 95000

Begining design = 60000

Ending design in process = -100000

Cost of goods manufactured = 910000

Beginning finished goods inventory = 300000

Ending finished goods inventory = -280000

Cost of goods sold = 930000

The dominant cost in the cost of goods sold is the direct labor cost of $800,000.

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