Presented below is information related to Coronado Company at December 31, 2017, the end of its first year of operations. Sales revenue $322,990 Cost of goods sold 143,460 Selling and administrative expenses 49,300 Gain on sale of plant assets 27,900 Unrealized gain on available-for-sale investments 9,390 Interest expense 5,590 Loss on discontinued operations 12,730 Dividends declared and paid 4,750 Compute the following:

(a)Income from operations___$
(b)Net income ___ $
(c)Comprehensive income___$
(d)Retained earnings balance at December 31, 2017___$

The answer will be below

Explanation:

a. Income from operations=$322,990-$143,460-$49,300=$130,230

b. Net Income=$322,990-$143,460-$49,300+$27,900-$5,590-$12,730=$139,810

c. Comprehensive Income=$9,390

d. Retained Earnings=$139,810-$4,750=$135,060

a) Income from operations = $322,990 -$143,460 -$49,300 = $130,230

b) Net Income = $130,230 + 27,900 -$5,590 - $12,730 = $139,810

c) comprehensive income = $139,810 + $9,390 = $149,200

d) Retained earnings = $149,200 - $4,750 =$144,450

Explanation:

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.