Messer Company had retained earnings at the beginning of the current year of $590.000. During the year, the following activities occurred :
1. Net income of $88,000 was earned.
2. A cash dividend of $1.20 per share was declared and distributed on the 50,000 shares of common stock outstanding.
Prepare a Statement of Retained Earnings for the year

After the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy?

Mystic bottling company bottles popular beverages in the bottling department. the beverages are produced by blending concentrate with water and sugar. the concentrate is purchased from a concentrate producer. the concentrate producer sets higher prices for the more popular concentrate flavors. a simplified bottling department cost of production report separating the cost of bottling the four flavors follows:

Considered to be a "super tool" or tool that has high use and high potential for improving project success?