ABC Company ended Year 1 with the following account balances: Cash 600, Common Stock 400, and Retained Earnings 200.

The following transactions occurred during Year 2:

Issued common stock for $19,000 cash.
ABC borrowed an additional $11,000 from Chris Bank.
ABC earned $9,000 of revenue on account.
ABC incurred $4,000 of operating expenses on account.
Cash collections of accounts receivables were $6.000.
ABC provided additional services to customers for $1,000 cash.
ABC purchased land for $14,000.
ABC used $3,000 in cash to make a partial payment on its accounts payable.
ABC declared and paid a $200 dividend to the stockholders
On December 31 ABC had accrued salaries of $4,000 .

Required:
What is the amount of retained earnings that will be shown on the balance sheet prepared at the end of Year 2?

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.

Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.

The company is experiencing an increase in competition, and at the same time they are building more production facilities in southeast asia. in this scenario, the top management team is most likely to multiple choice increase the cost of their products. restructure to reflect a more bureaucratic, stable organization. pull decision-making responsibility from low-level management, taking it on themselves. give lower-level managers the authority to make decisions to benefit the firm. rid themselves of all buffering product.