Eddie Corporation began operations on January 1, 2017. During its first 3 years of operations, it reported net income and declared dividends as follows. Net incomeDeclared dividends2014$40,000$02015125,00050 ,0002016160,00050,000The following information relates to 2017.Income before income tax$240,000Prior period adjustment: understatement of 2015 depreciation expense (before taxes) $ 25,000Cumulative decrease in income from change in inventory methods (before taxes)
35,000Dividends declared (of this amount, $25,000 will be paid on Jan. 15, 2018)
$100,000Effective tax rate 40%Prepare a 2017 retained earnings statement for Eddie Zambrano Corporation.

Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 .     c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.

If you miss two payments on a credit card what is generally the penalty

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?