Business, 06.09.2019 03:20 davechucktaylor

Given that jacob's chocolates company had beginning retained earnings of $4,000; net income during the period of $10,000; and dividends of $300. calculate the ending balance in the retained earnings account.

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Answer from: samanthablain192

$13.700

Explanation:

The net income that it's not paid in dividens it's keep as retained earnings, so in this situation the $4.000 initial retained earnings plus $10.000 of the net income generated during the year and minus the $300 paid in dividends gives a total amount of $13.700.

Answer from: jrocklove2213

Ending Balance (retained income) = $13700

Explanation:

Retained income is the net income/profit that is re-invested back into the company after paying dividends to the shareholders

of the company. Net income is re-invested back into to business in order for the business to be able to grow. Retained income account will therefore reflect the accumulated balance of profits that have been re-invested back to the company.

The closing balance of the retained income is calculated by taking the opening balance add net income/net profit for the year and subtract dividends paid.

calculation of Retained Income closing Balance

Opening Balance = $4000

Net Income for the year = $10000

Dividends paid = 300

Closing Balance = 4000 + 10000 - 300 = 13700

The Retained income closing Balance = $13700

Answer from: Quest

Some disadvantages to leasing a car is that you are counting on someone to give you money every week or month depending on what you decided and if they don't have all of it well what if you needed that money now you as well have to pay not in full. a disadvantages to purchasing a new vehicle is if it is used then not all the time will absolutely everything work. its almost like a trail and era. although if it is a new car they will try to though all these specials and deals at you in your lease and it can be very overwhelming if you are not use to it.

Answer from: Quest

The law of supply and demand

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Given that jacob's chocolates company had beginning retained earnings of $4,000; net income during...