$7,000 will Jorge need to pay each year from his own savings and from loans. It is often a good idea to aim to pay off your debts before you begin saving. The correct option is B.
Given,
Tuition & Fees: $26,000
Room & Board: $12,500
Grants & Scholarship: $18,500
Work-Study: $8,500
Required to calculate the amount Jorge needs to pay from his own savings and loans =?
Total costs = $26,000 + $12,500 = $38,500
Total financial aid = $18,500 + $8,500 + $4,500= $31,500
Total amount to be paid = $38,500 - $27,000 - $4,500
Total amount to be paid = $7,000
Therefore, Jorge will be required to pay $7,000 per year from his personal savings and debts.
Thus, the ideal selection is option B.
Learn more about Saving here:
https://brainly.com/question/7965246
#SPJ12
The graph shows the marginal cost of producing soccer cleats for Sabrina’s Soccer. At which level of production does the company make the most profit? the first pair of cleats the second pair of cleats the third pair of cleats the fourth pair of cleats
Answer:
first pair of cleats.
Explanation:
How much interest would a person pay to borrow $700 for 9 months at 10 percent?
The principal is Rs 10,000, the interest rate is 10%, and the loan term is six years. The simple interest can be calculated as follows: A = 10,000 (1+0.1*6) = Rs. 16,000. Interest is 16000 divided by 10,000, or Rs. 6,000.
What is interest rate?The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate.
The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.
The interest rate over a year is known as the annual interest rate. Other interest rates are applicable over shorter time frames, such a day or a month, but they are typically annualized.
An index of the preference for a dollar of present over a dollar of future has been used to describe the interest rate.
Learn more about interest rate, here
https://brainly.com/question/13324776
#SPJ1
What action did 47. 4 million americans take in 2021, setting a record that was recently reported by the u. S. Labor department?
According to predictions from the U.S. Bureau of Labor Statistics, over 47 million Americans quit their employment voluntarily in 2021. The unusually large-scale exodus from the labour force that Covid-19 triggered is referred to as "The Great Resignation."
Is calculus simpler or statistics?
Although statistics are more simpler than calculus in the beginning, calculus is regarded to be more challenging than statistics at an intermediate level. It actually depends on the learner because some have trouble understanding statistics while others have trouble learning calculus. To predict the future, determine the likelihood that a specific event will occur, or learn more about a survey, statistics can be employed. Statistics are used in many fields, including business, health, biology, psychology, and the social sciences.
Know more about triggered Visit:
https://brainly.com/question/8215842
#SPJ4
revise the data in your spreadsheet based on the following assumptions, and then answer the questions that follow: expenses: advertising expense $ 13,600 assets: cash $ 25,600 insurance expense 19,600 accounts receivable 23,600 salaries expense 48,600 supplies 14,600 rent expense 9,600 land 54,000 liabilities: salaries payable 11,600 revenues: service revenue 93,600 notes payable 34,400 interest revenue 8,600 dividends: dividends 8,600 equity: common stock 43,600 retained earnings 26,000 required: 1. what is the net income/(loss)? multiple choice 1 $26,000 $10,800 $13,600 $20,900 assume the company has an increase in its salaries expense of 20% and a decrease in service revenue of 15%. both of which will be settled after the year end. adjust and recalculate the balances in the income statement and balance sheet. all sales are on account. 2. what is the revised balance of the service revenue account? multiple choice 2 $6,040 $79,560 $14,040 $32,040 3. what is the revised net income/(loss)? multiple choice 3 $11,560 $(12,960) $17,560 $4,560 4. what is the revised balance in the retained earnings account? multiple choice 4 $5,100 $10,100 $4,440 $18,100
Net income/(loss) is $26,000
Revised balance of the service revenue account is $79,560
Revised net income/(loss) is $(12,960)
Revised balance in the retained earnings account is $4,440
What is the revised net income/(loss)? To arrive at these answers, we first need to adjust the expenses and revenues based on the changes provided:Salaries expense increases by 20%, so the new expense is $58,320 (48,600 x 1.2)Service revenue decreases by 15%, so the new revenue is $79,560 (93,600 x 0.85)Next, we need to recalculate the income statement and balance sheet:Income Statement:Revenue: $79,560Expenses: $131,320 (13,600 + 19,600 + 48,320 + 14,600 + 9,600)Net income/(loss) = Revenue - Expenses = $79,560 - $131,320 = $(51,760)Balance Sheet:Assets: $123,600 (25,600 + 23,600 + 54,000)Liabilities: $46,000 (11,600 + 34,400)Equity: $77,600 (43,600 + 26,000 - 51,760)
To learn more about net income refer:
brainly.com/question/28390284
#SPJ4
why was the world bank set up? group of answer choices to maintain order in the international monetary system to formulate a coordinated policy response to financial crises to police the world trading system to preserve peace through international cooperation to promote economic development
To promote economic development the world bank was set up. Individual nations all across the world can receive financial and technical support from the World Bank.
To aid in the growth of national economies, the World Bank offers grants, low-interest loans, and zero-interest credits to eligible governments. Global healthcare, governmental administration, infrastructure, and private-sector development are all aided by debt borrowings and cash infusions.
Through technical help, research and analysis, and policy advice, the World Bank also exchanges information with various organizations. For the public and private sectors, it provides guidance and instruction.
To learn more about World Bank, visit the link below:
brainly.com/question/3520105
#SPJ4
which of the following is an example of anchoring bias? group of answer choices the human resource manager carefully weighs the information about a new hire before making a decision. the human resource manager is looking for a replacement for an excellent former employee, so she compares all potential hires to that employee. the human resource manager hires someone because she is a recent graduate from a university that other successful hires have come from. the human resource manager's gut instinct tells him a potential hire is not right, so he looks for evidence to confirm his suspicion.
D) Anchoring bias arises when a human resources manager's gut instinct tells them that even a potential employee is now not right, so he searches for facts to support his thoughts.
How does anchoring bias work?Anchoring bias, also known as the anchoring effect, refers to people's tendency to utilise the first item of data they receive on an issue as an anchor. When making decisions, we have a cognitive bias that drives us to rely primarily on early information. The anchor serves as the foundation for any future choices, expectations, or judgements. The first item of data has the most significance due to the anchoring effect. People typically focus on this initial knowledge rather than learning more about this topic.
To learn more about Anchoring bias here:
brainly.com/question/24988748
#SPJ4
Reporting income when it is earned and expenses when they are incurred
Reporting earnings as they occur and costs as they are expended a financial statement that details the earnings and outlays for a certain fiscal year.
What does it mean to disclose earnings and expenses as they are incurred?
According to the accrual accounting system, payments and expenses are credited and debited as soon as they are received or incurred. Unlike cash basis accounting, which documents costs as they are paid for and income as it is received, accrual accounting documents transactions as they take place.
What are the two ways that revenue and expenses are reported?
Cash-based accounting: When income is received, it is recorded, and when expenses are paid, they are also documented. Accrual method: Costs are recorded as they are incurred and income as it is earned.
To know more about income reporting visit:
https://brainly.com/question/17162125
#SPJ4
if a company chooses a focused-differentiation competitive strategy in the porter's model, what is the main basis of their competitive strategy?
Better products or services within a certain industry segment serve as the primary foundation of a company's competitive strategy if it opts for a focused-differentiation competitive strategy in the Porter's model.
"What is business strategy?"
In order to get a competitive edge in the market, a company employs a set of guidelines and procedures known as a competitive strategy. It entails identifying and putting into practice ideas that increase a company's level of competition. By using a range of competitive strategies, businesses can raise the value of their products and services for consumers, investors, and employees. They also employ these strategies to create stable cash streams.
Competitive strategy is important since it affects a company's overall strategies. Without a competitive strategy, a business may find it difficult to gain a clear advantage over competitors.
know more about industry here
https://brainly.com/question/7721379#
#SPJ4
Better products or services within a particular industry segment serve as the primary foundation of a company's competitive strategy if it opts for a focused differentiation competitive strategy in Porter's model.
"What is business strategy?"
In order to gain a competitive edge in the market, a company employs a set of guidelines and procedures known as a competitive strategy. It entails identifying and putting into practice strategies that increase a company's level of competition. By using a variety of competitive strategies, businesses can raise the value of their products and services for consumers, investors, and employees. They also employ these strategies to create stable revenue streams.
Competitive strategy is important because it affects a company's overall strategies. Without a competitive strategy, a business may find it difficult to gain a clear advantage over competitors.
To learn more about the industry here
brainly.com/question/7721379#
#SPJ4
how long after your taxes are accepted to get refund 2022?
When you digitally file and elect direct deposit, the IRS says that it will often issue your refund within 21 days of receipt.
What is direct deposit?Direct deposit, as it related to work, is the computerized transfer of net salary from a banking institution owned by an employer to an user's individual bank account. This transaction happens across a network is known as the Automated Clearing House (ACH).
Is it better to be get direct deposit but rather check?Getting a physical check or cash is usually slower and less secure than making a direct deposit. Direct deposits are processed by certain enterprises or payroll processing firms so that the money are available.
To know more about direct deposit visit :
https://brainly.com/question/5527310
#SPJ4
equired: prepare a contribution format income statement. prepare a traditional format income statement. calculate the selling price per unit. calculate the variable cost per unit. calculate the contribution margin per unit. which income statement format (traditional format or contribution format) would be more useful to managers in estimating how net operating income will change in response to changes in unit sales?
Since costs are arranged according to their behavior, the contribution format is more beneficial. The contribution format makes it simple for managers to determine how variable expenses will alter as a result of changes in unit sales.
What is traditional format?There is no Forbidden List in the Traditional Format; instead, there are just Limited and Semi-Limited Lists, with all of the Advanced Format Forbidden cards being placed in Limited. All other things being equal, the two formats.The most recent Yu-Gig-Oh format is called Quin, and it was created to be easy to play, include older fans' favorite original Yu-Gig-Oh cards, and expand as the game progressed without requiring continual internet monitoring.Cost of goods sold: $213,000 ($20,000 + $200,000 - $7,000).
The following formula is used to calculate the variable administrative expense ($12,000):
300,000 dollars in sales
60k in contribution margin (b)
Total variable expenses (a) (b): $240,000
(a) $240,000 in total variable costs
$213,00 in selling prices
varying selling cost of 15,000
Variable selling expense (b) plus cost of goods sold equals $228,000
(a) (b) $12,000 Variable administrative expense
The following formula is used to calculate the fixed selling expense ($30,000):
A $60,000 contribution margin
b) $18,000 in net operating income
The total fixed costs are $42,000 (a) and (b).
$42,000 is the total fixed costs.
(12,000 dollars) in fixed administrative costs
(a) (b) $ 30,000 Fixed Selling Expense
2. ($20,000 plus $200,000 minus $7,000) Equals $213,000 as cost of goods sold
Selling costs ($15,000 plus $30,000) equal $45,000.
($12,000 + $12,000) Equals $24,000 in administrative costs
3. There have been 1,000 units sold at a selling price per unit of $300,000.
4. The variable cost per unit is divided by 1,000 units sold to arrive at $240.
5. $300 - $240 = $60 is the contribution margin per unit.
To learn more about traditional format refer to:
https://brainly.com/question/14497703
#SPJ4
if an owner of an exotic pet is no longer able to care for the animal, the veterinary team should assist the owner by:
If an owner of an exotic pet is no longer able to care for the animal, the veterinary team should assist the owner by helping them find another home, a zoo, or a sanctuary for the pet.
Animals ought to be moved in a quiet and certain way, staying away from overstated or unexpected developments, like waving of the hands and arms. Utilizing delicate tones and a peaceful voice while conversing with creatures might assist with making them aware of a harmless methodology.
A strategy can be fittingly used to guarantee to pass in oblivious creatures. Creatures become a lot more straightforward to deal with on the off chance that they are prepared and acquainted with taking care.
Learn more about veterinary team:
https://brainly.com/question/3258736
#SPJ4
because achieving dynamic consistency requires anticipation and vigilance, firms should mitigate external threats by:
Because achieving dynamic consistency requires anticipation and vigilance, firms should mitigate external threats by understanding the threat of substitution.
The external threats is the organization will come from the employee and employers or any other worker in the organization from the bad individual or organization from external whose motive is to exploit the vulnerabilities in your organization.
The dynamic consistency is the ideas which has the decisions are continue or consistent over the given internal of time period in which the decisions are aligned and build on initial decision in the company or any other organization.
The dynamic consistency is performed in the marketing, decision-making, and in the sales or operations processes.
To know more about external threats here,
https://brainly.com/question/28988651
#SPJ4
a grant from the federal government with strings attached that specify where and how the money can be spent is a characteristic of
Grants-in-aid are financial contributions made by the federal government to the states for a specific objective.
How can I double my income?The strategy that applies to the majority of investors is probably the traditional one of doubling you money by building a diverse portfolio of securities and bonds. It is possible to invest safely over a number of years in order to double your money, but for people who lack patience, there is a greater chance of losing the majority or all their money.
What are different sorts of money?Any thing that is frequently used and approved in business dealings involving the exchange of goods or services by one one to another is referred to as money. Market mechanism, fiat money, and cash reserve are the three types of money that economists distinguish between.
To know more about money visit:
https://brainly.com/question/22984856
#SPJ4
which of the following is the correct order to make a workflow? a- cleanse and standardize data b- create a forecast for near-term demand demand c-blend data from multiple sources
To ;learn more about workflow, refer to:
https://brainly.com/question/24922293
#SPJ4
joseph is writing a paper on job satisfaction and the rate of unemployment in the u.s. he needs to include original research as well as current, national stories related to this topic. which types of sources would be the best fit for his assignment?
A trade article as well as a newspaper article would be the best fit sources for the assignment Joseph is intended to complete.
In the secnerio where Joseph is working on a paper regarding job satisfactionand and the unemployment rate in the United States. He require to include both original research and current, national stories on this topic. For the specifies purpose he needs trade article as well as a newspaper article. It is because newspaper articles will provide him with the current information about job satisfaction and unemployment rate; while trade articles will give him research based authentic data. They are used to provide readers with information they need/want to know about the world around them.
You can learn more about articles at
https://brainly.com/question/26441547
#SPJ4
Specialization can help a countrys evonomy by?
Answer:
cumc7 k cgujmcyvuumvcuimbcghikmvcchimnvcikmvvhhjknnccyu I mcumcukgggbhhgfff
The production possibilities frontiers in the figure to the right show how many bananas and coconuts you (Y) and your neighbor (N) can consume without trade. Suppose you are initially consuming 15 bananas and 2 coconuts and your neighbor is initially consuming 10 bananas and 4 coconuts.
Now, suppose you and your neighbor specialize by each only producing the good for which you have a comparative advantage.
You give your neighbor half of your production for half of what he produces. (Enter all responses as integers. )
If you trade with your neighbor, then you will have ? additional coconut(s) after the trade
24 coconuts will be left after trade with the neighbor, in the production possibility frontier 15 bananas are there.
What is the Production possibility frontier?A curve on a graph called the production possibility frontier (PPF) depicts the potential quantities of two products that can be produced from the same finite resource. Additionally known as the production possibility curve.In economics, PPF also plays a crucial role. It can, for instance, demonstrate that a nation's economy has achieved maximum efficiency.When resources are diverted from one product to produce another, an opportunity cost is incurred. A curve on a graph depicts the maximum amount that can be produced.Given the resources at hand, the production possibility frontier (PPF) is elevated above the curve, illuminating impossible scenarios.The PPF demonstrates that one commodity's production can only increase if the other commodity's production decreases.Managers can use the Product Mix Formula (PPF) to determine the best product mix for the business.A transformation curve/boundary/frontier, production possibility curve, production possibility boundary, or production possibility frontier is a curve that shows different amounts in different combinations.learn more about Production possibility frontier
https://brainly.com/question/25071524
#SPJ4
how the economy recovers from a recession and returns to its long run equilibrium without any policy intervention
A long-term process known as fiscal policy helps an economy bounce back from a downturn and realize its GDP potential without the direct help of the government.
An expansive fiscal approach has reduced taxes and increased government spending as its two key outcomes. Both of those measures aim to raise deficits or decrease budget surpluses while boosting the demand for mixtures.
The economy is in a recession, according to the sticky pricing hypothesis (a), because not all prices adjust as quickly. Forms are able to increase their price adjustments over time, and the economy eventually shifts back to the long-term AS curve. (b) The effectiveness of each hypothesis is strongly influenced by how quickly wages, prices, and price expectations change.
To learn more about Fiscal policy in recession
https://brainly.com/question/29658169
#SPJ4
rease cholesterol levels and decrease cholesterol precursors. the investigator proposes to obtain cholesterol, mix it with soy oil, and administer it to subjects. the study then involves follow-up evaluations and assessments. which option would be the best choice regarding an ind?
To find out if an IND is required, get in touch with the FDA directly.
The Food and Drug Administration is in charge of defending the public's health by guaranteeing the security, efficacy, and safety of pharmaceuticals for humans and animals, biological products, and medical equipment, as well as the security of our country's food supply, cosmetics, and radiation-emitting goods. When CDER reviews data on a medicine's effects and finds that the benefits outweigh the known and potential hazards for the intended population, the drug is given FDA approval. If the FDA gives its approval, it implies the organization has decided the product's advantages exceed its drawbacks for the intended usage.
Learn more about FDA here
https://brainly.com/question/4956385
#SPJ4
Consider the following situation. Patients with Smith-Lemli-Opitz have an inborn error of cholesterol biosynthesis, which results in severe to mild cholesterol deficiency, and accumulation of cholesterol precursors. An investigator proposes to determine if pure crystalline cholesterol in an oil suspension will increase cholesterol levels and decrease cholesterol precursors. The investigator proposes to obtain cholesterol, mix it with soy oil, and administer it to subjects. The study then involves follow-up evaluations and assessments. Which option would be the best choice regarding an IND?
Based on this information china leans toward a ______ economic system.
a. socialist
b. market
c. capitalist
d. communist
China and other formerly communist nations have embraced capitalism.
What's a brief explanation of capitalism?Many people think of capitalism as a market structure in which private individuals own and hold property according to their own interests, and where supply and demand freely determine market prices in a way which can best serve the needs of society.
Is capitalism beneficial or not?Without a doubt, capitalism is one of the major powers of innovation, riches, and prosperity. Businesses are driven to be as efficient as possible by competition and capital accumulation, allowing investors to profit from that expansion and enable clients to pay less.
To know more about capitalism visit:
https://brainly.com/question/13072007
#SPJ4
select all that apply why is it important to analyze the local technological and physical forces in the business environment before doing global business in a given market? (check all that apply)
Weather can have an impact on transportation systems and communication systems.
How does weather affect transportation?Pavement friction can be caused by even the smallest amount of rain, and visibility can be affected by heavier rain. Rain can also make it harder to brake and make wheel spinning or hydroplaning more likely. Detours, hazardous driving conditions, and flooding of roadways are all possible outcomes of heavy rain.
How is transportation affected by the environment?Weather extremes that occur more frequently may cause ripple effects throughout transportation networks and disrupt infrastructure. In addition, in order for transportation systems to reduce their emissions of greenhouse gases, new climate policies may necessitate significant modifications.
To learn more about transportation systems here:
https://brainly.com/question/30116655
#SPJ4
when we record a journal entry in the general journal?
Journal entries are entered in the general ledger as business events happen during the accounting period to show how the event impacted the accounting equation.
What does it mean to write in a journal?Debits and credits are used in journal entries to track changes to the accounting formula in the overall journal. Debited accounts must be listed before reimbursed accounts according to standard journal entry format.
A generic journal is what?The system for keeping accounting records includes the general diary. A transaction is an event that needs to be recorded and can be recorded in either the general journal or a specialist journal. There are four speciality journals, so named because they are used to record particular kinds of routine transactions.
To know more about Journal visit:
https://brainly.com/question/18684550
#SPJ4
Identify the five foundations and describe each of them then evaluate how they will help you manage your money right now.
Make a $500 emergency fund this will allow you to have money in the event of an emergency.
Get and stay out of debt this will allow you to not be bound in debt. You will not have interest or credit card payments. It will also allow you to avoid interest now and in the future.
Pay cash for your car
this will allow you to avoid interest and or payments over a long period of time.
Pay cash for college
This will allow you to avoid student that you will not have to make payments.
Build wealth and give.
Having a large amount of money in savings and having everything paid for will allow you to help others that are in need.
The five elements that make up a solid financial foundation:
Budgeting.Emergency fundsSavings.Investments.a plan for 401(k)sWhat is meant by Solid Financial Foundation:You can stop living paycheck to paycheck, get out of debt, and start building wealth if you have a solid financial foundation. It gives you the ability to leave a bad relationship, roommate, or job.
Possessing a positive cash flow and a positive net worth are two indicators of a solid financial foundation. A positive net worth indicates that you own more assets than you owe. You can work toward a positive outcome by taking even small steps toward better money management. This indicates that you have the "pillars" in place to support your long-term financial well-being. 1: a business connection. Many financial strategies can benefit from having a bank relationship. When choosing a bank, there are many options available to you.
To know more about Financial Strategies, visit:
https://brainly.com/question/12513949
#SPJ4
Information in digital form
a. is decreasing
b. is in an electronic format
c. cannot be read by a computer
d. none of the above
Answer: B is in electronic format
Explanation: Electronic format means that it can be read on a digital device.
Kurt decides to spend 2 hours working rather than hanging out with his friends. he earns $10 per hour for work. his opportunity cost of working is?
a. nothing as he has given nothing up to work the extra hours.
b. the utility or enjoyment he would have gotten from hanging out with his friends.
c. $20 minus the value of the time spent with friends.
d. the $20 he earned working the extra two hours.
The utility or happiness he would have had from hanging outside with his buddies is his opportunity cost for working.
What is the short definition of opportunity cost?The gain lost while choosing one alternative over others is referred to in economics as the "opportunity cost." It is, in other words, the value of such path not taken. Opportunity costs are easy to miss, yet knowing lost options is crucial for making future decisions with insight.
Is opportunity cost favorable or unfavorable?A positive or negative opportunity cost is possible. If it's negative, you can lose more money than you make. When it's affirmative, you're trading off a potential loss for a potential gain, making the decision beneficial.
To know more about opportunity cost visit:
https://brainly.com/question/13036997
#SPJ4
obtaining resources and defining tasks and deadlines are part of which phase in the strategic marketing process? multiple choice question.
Option C is correct answer. Obtaining resources and developing planning schedules are part of implementation phase in the strategic marketing process.
The implementation phase entails carrying out the project plan. The construction manager will oversee and direct required resources here in order to meet the project plan's objectives. It is the project manager's responsibility to direct and handle each activity as the project progresses. That's what happens during the project's implementation phase: you stick to your plan and deal with any issues that arise. The implementation phase is when you and your construction team actually work on the project to create the deliverables. The term "deliverable" refers to anything your project produces.
To learn more about strategic marketing process refer here
brainly.com/question/28257402#
#SPJ4
Complete question:
Obtaining resources and developing planning schedules are part of which phase in the strategic marketing process
a) evaluation
b) differentiation
c) implementation
d) planning
Which of these is NOT a flow that moves up and down the supply chain?A. ProceduralB. MonetaryC. InformationD. Physical
Monetary is not a flow that moves up and down the supply chain.
Some example of monetary items are cash, marketable securities, invoices to be paid, accounts receivable, accounts payable, invoices for sales taxes, and notes due
What is Monetary ?Monetary is a term used to refer to money or currency. It is the medium of exchange used in transactions and is an essential part of the economy. Monetary policy is the process by which a government, central bank, or monetary authority manages the supply of money and credit to achieve certain economic goals.
The primary objectives of monetary policy are price stability, full employment, and economic growth. Monetary policy can be implemented through a variety of tools such as open market operations, reserve requirements, discount rates, and interest rates. It can also be used to influence exchange rates and control inflation.
Monetary flows refer to the movement of money, such as payments for goods or services, which does not move up and down the supply chain.
To learn more about Monetary
brainly.com/question/14510657
#SPJ4
how do you share jelly bean tokens in bee swarm simulator
In Bee Swarm Simulator, jelly bean tokens can be shared with other players by using the "Gift" feature. To do this, you must first select the player you wish to gift the tokens to from the Friends list.
What is tokens ?Tokens are digital assets that can be used to represent a variety of things, such as loyalty points, in-game currency, or even real-world currency. Tokens are created and stored on a blockchain and can be used to purchase goods and services, transfer value, or even pay for access to certain services.
Once you have selected the player, you can then choose how many tokens you would like to give them. After selecting the amount of tokens, click on the "Gift" button and confirm your selection. The jelly bean tokens will then be sent to the other player's account.
To learn more about tokens
https://brainly.com/question/28478779
#SPJ4
aikman company paid dividends of $2,520, $0, $1,530 and $1,100 over the first four years of the company's existence, respectively. if retained earnings has an ending balance of $9,900 at the end of year four, what was the average annual amount of net income (loss) over the first four years for aikman? (round your answer to the nearest dollar amount.)
To find the average annual net income (loss) for Aikman over the first four years of its existence, we need to calculate the total net income (or loss) over those four years and divide that by four.
Net income is calculated by taking total revenue and subtracting all expenses, including dividends paid. Since Aikman paid dividends of $2,520, $0, $1,530 and $1,100 over the first four years, we can add those amounts to find the total dividends paid over that period: $2,520 + $0 + $1,530 + $1,100 = $5,150.
We know that retained earnings has an ending balance of $9,900 at the end of year four. Retained earnings is the portion of net income that is not paid out as dividends and is instead kept by the company for future use. So, we can use this information to calculate the total net income over the first four years by adding the retained earnings at the end of year four to the total dividends paid over the first four years: $9,900 + $5,150 = $15,050
To find the average annual net income, we divide the total net income by the number of years: $15,050/4 = $3,712.5 (approximately $3713)
In conclusion, the average annual net income (loss) over the first four years for Aikman is $3713.
Learn more about retained earnings here:
https://brainly.com/question/28580073
#SPJ4
Technological improvements are more likely to occur if
a. the economy is centrally planned.
b. entrepreneurs are compensated for taking risks with higher profits.
c. economic decisions are made by politicians rather than entrepreneurs.
d. companies face little competition in their markets.
B. Technological advancements reward risk-taking by entrepreneurs with bigger earnings.
What Exactly Does Being an Entrepreneur Mean?An entrepreneur is a person who decides to start their own company based on a concept they have or a product they have developed, taking on the majority of the risks and enjoying the majority of the advantages.
What makes anything an entrepreneur?The French verb entreprendre, which means "to do something" or "to undertake," was first used in the fourteenth century. A person who launches a commercial enterprise was referred to as an entrepreneur by the sixteenth century.
To know more about entrepreneurs visit:
https://brainly.com/question/13897585
#SPJ4