You may need to refer to the COMP-XM INQUIRER to find information relating to th

Question

You may need to refer to the COMP-XM INQUIRER to find information relating to the following questions: http://ww2.capsim.com/cgi-bin/CpCGIReports2011.exe?studentKey=1282536&simid=C59559&round=7&Report=CapCourier|AnnReport

1. The Andrews company currently has the following balances in their equity accounts:

    Common Stock          $15,509
    Retained earnings      $66,491

Suppose next year the Andrews company generates $46,300 in Net Profit, and declares and pays $16,000 in Dividends.   What will Andrews ending balance in Retained Earnings be next year?

2.

a. dot

b.dart

c. dixie

d. dune

b. $14,008,592

c. $14,665,611

Explanation / Answer

1)

=Ending retained earnings = $66,491+$46,300-$16,00

=$96,791

only one questiion per QA please

Related Questions

Navigate

• Browse (All)
• Browse Y
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.