Answer:
$139,000
Explanation:
The calculation for the retained earnings as of December 31, 2019 is outlined below:
= Beginning retained earnings + yearly depreciation + net income - cash dividends paid
= $60,000 + $12,000 + $100,000 - $33,000
= $139,000
The annual depreciation is calculated as
= $1,000 × 12 months
= $12,000
Essentially, we utilized the formula above to find the final balance
Answer:
The correct option is C: It's more probable that the entrepreneur will establish a more valuable business.
Explanation:
Firstly, the fact that companies are now trading equity for financial backing signals a crucial necessity for managerial resources to secure additional financial support, implying that firms without such backing typically experience better growth compared to those that are unsupported. Consequently, managers strive to obtain financial assistance to invest the incoming funds and improve their business performance. This indicates that when owners successfully secure supportit demonstrates to others that the business can expand, gain value, and ultimately achieve greater success.
Answer:
Coca Cola's dominant strategy is strategy 1.
Explanation:
A dominant strategy refers to the choice a company makes that yields the maximum benefit compared to other available options. In this scenario, Coca Cola's optimal move is to choose strategy 1, as it results in the highest possible profit for the company.
A financial disadvantage of $150,000 is noted.
Ceasing the bilge pump product line will erase its variable costs; however, some fixed costs will remain intact. To determine the financial outcome of discontinuation, we must also account for any fixed costs that can be saved. The Contribution Margin is calculated from Sales minus variable costs, which excludes variable cost savings. Discontinuing won't impact overall factory overhead or total Purchasing Department expenses, so fixed cost savings will stem from Advertising, Salary of the product line manager, and inventory insurance.
Savings from fixed costs accumulate to $310,000. The Contribution Margin loss from discontinuation amounts to ($460,000). Including fixed costs saved, we calculate:
(460,000) + 310,000 = ($150,000). Thus, $150,000 remains in losses even after considering the fixed costs saved.
