Kincaid company's retained earnings balance on january 1 was $ 5,000. during the current year, kincaid earned $ 3 comma 300 in revenues and incurred $ 4,100 in expenses. kincaid declared and paid $ 2,200 in dividends, all in cash. after the closing entries are made, kincaid's retained earnings balance on december 31 will be:

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)