Jackson corp. has beginning retained earnings of $400. during the year jackson had $800 of revenues and $200 in expenses. jackson paid a dividend of $100. what is retained earnings at year-end?

The retained earnings for the end of the year is $900

Explanation:

Retained earning is calculated as

Beginning retained earnings + Net income - cash dividend

in the questions we were given the beginning retained earning(BRE) as $400 and Cash dividend as $100. However we were not given the actual Net income but we can derive  the net income by deducting the expenses from the total revenue.

solution

Net income = revenue - expenses = $800 - $200= $600

Now we can calculate our Retained earnings by adding

Beginning retained earning $400

Net income $ 600

and deducting the cash dividend $100

$400 + $600 - $100 = $900

(75years ,i believe is the correct answer.good luck

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi