midyear on july 31st, the chester corporation's balance sheet reported: total liabilities of $127.672 million cash of $10.050 million total assets of $206.975 million total common stock of $6.350 million. what were the chester corporation's retained earnings?

Answers

Answer 1

The Chester Corporation's retained earnings are $62.903 million.

The Chester Corporation's retained earnings can be calculated by subtracting the total liabilities, cash, total common stock, and total assets from the given information.

Retained earnings = Total assets - Total liabilities - Cash - Total common stock.

Retained earnings = $206.975 million - $127.672 million - $10.050 million - $6.350 million.


To find the retained earnings, we need to subtract the total liabilities, cash, total common stock, and total assets from the given information. Retained earnings represent the accumulated profits of a company that have not been distributed to the shareholders.

In this case, we subtract the total liabilities, cash, total common stock, and total assets from the given information: $206.975 million - $127.672 million - $10.050 million - $6.350 million.

By performing the calculation, we find that the Chester Corporation's retained earnings are $62.903 million. This means that the company has accumulated $62.903 million in profits over time that have not been distributed to the shareholders.

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Related Questions

by taking an airplane one can go from dallas to houston in one hour. the same trip takes 5 hours by bus. of the airfare is $90 and the bus far is $30 which would be the cheapest mode of transportation for someone who could earn $6 per hour during this time?

Answers

The cheapest mode of transport would be to travel by bus.

What determines the choice

The choice between airplane and the bus would depend on the total income the individual would earn. This is known as opportunity cost.

If the individual travels by plane, it would cost $90. The income the individual would lose would be ($6 x 1) = $6.

If the individual travels by bus, it would cost $30. The income the individual would lose would be ($6 x 5) = $30. Thus, the person would choose to travel by bus.

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What does good customer service include?

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Answer:

Before entering an interview for a customer service job, get a handle on what good customer service means to you. Good customer service typically means providing timely, attentive, upbeat service to a customer, and making sure their needs are met in a manner that reflects positively on the company or business. Explanation: it is

Answer:

Great customer service means following best practices like valuing customers' time, having a pleasant attitude, and providing knowledgeable and resourceful resources, but that you also take things a step further to exceed — rather than just meet — expectations.

Explanation:my mom works for customerservice

a need for a new benefit should be established before adding it to a benefits package.

Answers

Prior to including a new benefit in a benefits package, its need must be shown. This statement is true.

Adding a new benefit without a clear justification can result in unnecessary costs and may not effectively meet the needs and expectations of employees.

Establishing the need for a new benefit involves conducting a thorough analysis of various factors. This includes evaluating the current benefits package to identify any gaps or areas for improvement, considering feedback from employees through surveys or focus groups, and assessing the competitive landscape to understand what benefits other organizations are offering.

Additionally, organizations should consider the overall goals and objectives of the benefits package. For example, if the goal is to attract and retain top talent, then it is important to align the new benefit with the preferences and priorities of potential and current employees.

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Complete question:

A need for a new benefit should be established before adding it to a benefits package. True or false.

What is a stock symbol?

Answers

Answer:

A stock symbol is an arrangement of characters—usually letters—representing publicly-traded securities on an exchange. When a company issues securities to the public marketplace, it selects an available symbol for its shares, often related to the company name.

Explanation:

the demand for labor is the relationship between the quantity of labor demanded and the money wage rate.

Answers

The statement is true.

The demand for labor refers to the relationship between the quantity of labor that employers or firms are willing to hire and the prevailing wage rate. As the wage rate increases, the quantity of labor demanded by employers generally decreases, ceteris paribus. This inverse relationship between wage rate and labor demand is based on the principle of diminishing marginal returns. When wages rise, the cost of hiring additional workers increases, leading firms to demand less labor or explore alternative production methods, such as automation. Additionally, other factors, such as changes in technology, the overall state of the economy, and demand for goods and services, can also influence the demand for labor. Consequently, analyzing the demand for labor is crucial for understanding labor market dynamics and making informed policy decisions.

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Businesses are usually interested in promoting growth because it:
A. expands the frontier on their production possibilities curves.
B. weakens productivity for competing businesses.
C. reduces their need to pay a large staff of employees.
D. creates additional marketing value without extra investment.

Answers

Answer: A - expands the frontier on their production possibilities curves

Explanation:

It was correct when checked

Businesses are usually interested in promoting growth because it expands the frontier on their production possibilities curve. Hence, option A holds true regarding business growth.

What is business growth?

An expansion in the scope of business, which gives business an opportunity to improve the productivity and increase the sales exponentially, ultimately leading to increased profitability, is known as business growth.

Increased productivity at a constant rate enables a business to assume expanding its production capacities on the production possibilities curve, which can be determined through graphical representation.

Hence, option A holds true regarding the business growth.

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What amount do you need to invest to obtain $20,000 at 6 percent simple interest per year, after ten years?


You need to invest $___________

at 6 percent simple interest to obtain $20,000 after 10 years.
(This is a Plato question)

Answers

Answer:

12500

Explanation:

6% of 12500 is 750 and 750 times 10 is 7500 and 7500 plus 12500 is 20000

We need to invest $12500 at 6 percent simple interest to obtain $20,000 after 10 years. 6% of 12500 is 750 times 10 is 7500 and 7500+12500=20000.

What is simple interest?

Simple interest is an interest charge that borrowers pay lenders for a loan. It is calculated using the principal only and does not include compounding interest. Simple interest relates not just to certain loans. It's also the type of interest that banks pay customers on their savings accounts.

The formula to determine simple interest is an easy one. Just multiply the loan's principal amount by the interest rate by the term. This type of interest usually applies to automobile loans or short-term loans, although some mortgages use this calculation method. Simple interest is calculated by multiplying loan principal by the interest rate and then by the term of a loan.

Simple interest can provide borrowers with a basic idea of a borrowing cost.

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A licensed individual that charges a fee to serve as the mediator between the buyer and seller is known as a

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A licensed individual who charges a fee to mediate between the buyer and seller is known as a Real Estate Broker, who helps an individual make the best decisions regarding real estate transactions.

Duties of a Real Estate Broker:

This professional is licensed to perform the functions of mediation between buyer and seller in real estate transactions. Through its expertise, it assists in making financial decisions that benefit both parties, in a process of selling or buying a property.

Therefore, it is essential that this professional has communication and negotiation skills to win clients, in addition to the appropriate legal licenses and real estate certifications to perform this function ethically.

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Which of the following methods is a data scientist least likely to use to address

business problems?

Analyzing feedback from 50 out of 50,000 customers

Identifying trends in a dataset

Identifying patterns in a dataset

Analyzing feedback from 10,000 out of 50,000 customers

Answers

Analyzing feedback from 50 out of 50,000 customers is the method that a data scientist is least likely to use to address business problems.

While it is possible that insights could be gained from analyzing this small sample, the sample size is too small to be statistically significant or representative of the larger population of customers.

Identifying trends and patterns in datasets is a common method that data scientists use to address business problems. By analyzing large datasets, data scientists can identify correlations and patterns that can provide insights into customer behavior, market trends, and other factors that can impact business outcomes.

Analyzing feedback from 10,000 out of 50,000 customers is also a viable method that data scientists may use to address business problems. While not a complete sample, analyzing a significant portion of the customer base can provide valuable insights into customer satisfaction, preferences, and needs.

In summary, while all of the methods listed can be used to address business problems, analyzing feedback from a small sample size (50 out of 50,000 customers) is the least likely to provide meaningful insights.

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Why can a bank afford to pay an interest rate on a savings account? A. Because the bank is insured by the FDIC B. Because the Fed prints more currency when needed C. Because the bank puts the money into equity investments D. Because the bank lends that money out at a higher interest rate Please select the best answer from the choices provided A B C D

Answers

Answer:

D

Explanation:

because thats the answer

Answer:

D. Because the bank lends the money out at a higher interest rate

Explanation:

Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).

Cain Company reports net cash provided by operating activities of $35,000. It also reports the following

Answers

It can be seen from the solutions given that Cain's net income is $24,000.

Here is the solution:

Net income = Net cash provided by operating activities - Adjustments

= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000

= $24,000

Therefore, Cain's net income is $24,000.

Here is a breakdown of the adjustments:

To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.

A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.

The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.

A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.

A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.

A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.

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Matching Question Match the following activities to their effect on the general ledger accounts. Allocate indirect labor Allocate indirect labor drop zone empty. Pay factory property tax Pay factory property tax drop zone empty. Purchase materials Purchase materials drop zone empty. Use direct materials Use direct materials drop zone empty. Complete job Complete job drop zone empty. Sold job Sold job drop zone empty. Credit Finished Goods Inventory Debit Raw Materials Inventory Debit Factory Overhead Credit Factory Wages Payable Debit Finished Goods Inventory Credit Raw Materials Inventory

Answers

Answer:

Activities                         General Ledger accounts

Allocate indirect labor         Credit Factory wages payable

Pay factory property tax      Debit Factory Overheads

Purchase materials              Debit Raw material inventory

Use direct materials            Credit Raw material inventory

Complete job                       Debit Raw material inventory

Deliver job                            Credit Raw material inventory

Match the following activities to their effect on the general ledger accounts.

Activities                               General Ledger accountsAllocate indirect labour        Credit Factory wages payable.

A company's general ledger keeps track of all its accounts and any transactions that occur in them. Debit and credit columns make up the general ledger accounts. Asset, cost, and dividend accounts are increased by debits and decreased by credits. Debits decrease equity, liabilities, and revenue accounts while credits raise them.

The entire number of debits and credits must match for the general ledger to be in balance. Therefore, each transaction must be entered into the general ledger's debit and credit columns. Each of the listed activities affects the general ledger accounts in the same way.

Match:

Activities                               General Ledger accountsAllocate indirect labour        Credit Factory wages payablePay factory property tax       Debit Factory OverheadsPurchase materials               Debit Raw material inventoryUse direct materials             Credit Raw material inventoryComplete job                        Debit Raw material inventoryDeliver job                            Credit Raw material inventory

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WILL GIVE BRANEST PLZ ANSWER FAST
According to the video, what are some qualities needed by Computer Support Specialists? Check all that apply.

physical strength and fitness
graphic design skills
patience and understanding
knowledge of computers and software
verbal and written communication skills
marketing and sales skills

Answers

Answer:

patience and understanding

knowledge of computers and software

verbal and written communication skills

Explanation:

Just answered it on edge

Some qualities needed by Computer Support Specialists are as follows:

patience and understandingknowledge of computers and softwareverbal and written communication skills

So, the correct options are C, D and E.

Who are Computer Support Specialists?

A computer support specialist is also commonly known as an IT specialist, network technician, tech support specialist, or network specialist. Computer support specialists refer to those providing assistance and guidance to individuals or organizations that are using computer software or equipment are new-age professionals also known as computer network support specialists.

Their job is to support the information technology employees working in their organization. Computer support specialists are assigned a variety of responsibilities that differ depending on whether they provide network or direct user support.

Therefore, the correct options are C, D and E.

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Which is NOT a fee you need to worry about with a checking account?

Answers

Answer:

It depends on the bank provider. All bank providers have different fee policies.

Explanation:

There is no specifc answer to this.

A model that shows the trade-offs and opportunity costs of producing an additional unit of a good relative to what must be given up in the production of another good.

Answers

Answer:

production possibilities curve (PPC)

Explanation:

The PPC is used to explain the tradeoffs that producers face when having to choose between 2 different alternative products or services. The more they choose of one product, the less they will be able to produce of the other product. Opportunity costs are the associated costs or benefits lost resulting from choosing one activity or investment over another alternative.

Which of these is an example of innovation?

Answers

Answer:

The innovations include technological inventions such as wind turbines, photovoltaic cells, concentrated solar power, geothermal energy, ocean wave power and many other emerging innovations.

Explanation:

If a brand element can be used to introduce new products in the same or different categories, the brand element is said to be ________.
a. memorable
b. meaningful
c. likeable
d. transferable
e. adaptable

Answers

If a brand element may be used to introduce new merchandise within the identical or different categories, the logo element is stated to be transferable.

A transferable brand element can assist a corporation leverage its current brand fairness and reduce the charges related to building brand recognition and loyalty for new merchandise.

For example, the Nike "swoosh" brand is a transferable brand element because it has been efficaciously used to introduce new products in various classes, consisting of shoes, garb, and sports activities system. This reduces the need for Nike to spend as much on advertising and brand-constructing for new merchandise, as customers already accomplice the swoosh logo with satisfactory and performance.

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If a brand element may be used to introduce new merchandise within the identical or different categories, the logo element is stated to be transferable.

A transferable brand element can assist a corporation leverage its current brand fairness and reduce the charges related to building brand recognition and loyalty for new merchandise. For example, the Nike "swoosh" brand is a transferable brand element because it has been efficaciously used to introduce new products in various classes, consisting of shoes, garb, and sports activities system. This reduces the need for Nike to spend as much on advertising and brand-constructing for new merchandise, as customers already accomplice the swoosh logo with satisfactory and performance.

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Beca, a computer operator for Cloud Corporation, is arrested in her employer’s parking lot on suspicion of larceny. Beca must be informed of her right to

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Beca must be informed of her right to remain silent and her right to an attorney. These are commonly referred to as Miranda rights, which are based on the landmark Supreme Court case Miranda v. Arizona.

The Miranda warning serves to inform individuals of their constitutional rights before they are questioned in custody. This ensures that any statements made by the individual can be used as evidence in court.

The warning typically includes the right to remain silent, the right to an attorney, and the warning that anything said can and will be used against them in court. It is important for Beca to be informed of her rights, as failing to do so could result in any statements she makes being thrown out of court.

It is also important for law enforcement to follow proper procedure to protect the rights of individuals and ensure a fair trial.

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Research some examples of organizations that experienced bad publicity and how they dealt with it. Write a paper detailing your findings.

Answers

Answer:

did you finish it cuase i got the same one

Explanation:

Admit the error, apologize, and present a solution if you or your company is receiving negative press as a result of anything you did incorrectly. Negative publicity won't disappear if you ignore it.

What do you mean by Negative publicity?

When damaging material is revealed, negative PR or publicity can take many different forms in company and can impact everything from sales to your reputation.

Various forms of unfavorable PR for your company could include: negative coverage of your business in the media, online, in publications, or on television.

In particular, we contend that by raising product awareness, unfavorable publicity might boost sales and purchase likelihood.

Negative publicity should therefore affect products differently depending on whether they are recognized or unknown. This viewpoint is supported by three investigations.

Your brand's reputation can be severely damaged in a matter of minutes by false information, negative reviews, and nasty social media remarks. Even worse, rumors spread swiftly and negatively impact the reputation of your company.

Negative publicity can have a significant impact on how potential customers see your brand. When customers publicly disparage a company, product, or service, this is known as bad publicity.

Bad publicity includes posting or publishing negative evaluations on websites, review pages, and social media accounts.

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"Pension funds seeking safety of principal and maximum income would use which investment strategies?"

Answers

Answer:

Purchase government and agency securities and sell covered call contracts.

Explanation:

Purchase government and agency securities and sell covered call contracts because the pension amount or fund must be managed prudently. Therefore, the purchase of government securities suitable as the sale of its covers calls contract. While short sell covers more risk so it is not suitable. Additionally, sell short govt. securities include the sale of naked call contracts.

Name the FIVE documents that must be covered by the auditor's report?​

Answers

Answer:

The auditor's report typically covers the following five documents:

1)Financial Statements: The auditor's report provides an opinion on the fairness and accuracy of the financial statements prepared by the company. This includes the balance sheet, income statement, cash flow statement, and statement of changes in equity.

2)Management's Discussion and Analysis (MD&A): MD&A is a section of the annual report where management provides an analysis of the company's financial performance, results of operations, and future prospects. The auditor's report may reference or provide assurance on specific information contained in the MD&A.

3)Notes to the Financial Statements: The notes to the financial statements provide additional information and explanations regarding specific items in the financial statements. The auditor's report may refer to the notes and provide assurance on their presentation and disclosure.

4)Internal Control Report: In some cases, companies are required to provide an internal control report, which outlines management's assessment of the effectiveness of internal controls over financial reporting. The auditor's report may include a reference to the internal control report and provide assurance on its reliability.

5)Other Supplementary Information: The auditor's report may also reference or provide assurance on other supplementary information included in the annual report, such as schedules, disclosures, or additional financial data that accompany the financial statements.

It's important to note that the specific documents covered by the auditor's report may vary depending on the reporting requirements and regulations applicable to the company or organization being audited.

the emergence of ride sharing apps like lyft and uber have created gains from trade by

Answers

The emergence of ride sharing apps like Lyft and Uber have created gains from trade by introducing new sellers into the market for taxi services and decreasing the price of rides.

Gains from trade can be described as the increase in consumer surplus and producer surplus as a result of lower tariffs when consumers and producers are allowed to trade with less restrictions. Gains from trade occurs as a result of lower trade prices.

Ride sharing apps are apps that allow people to order for rides from their phones using an app. Examples are uber and lyft.

Ride sharing apps has increased the amount of ride options available to users. This has lead to lower prices as ride sharing apps have lowered prices to attract customers.

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the emergence of ride sharing apps like lyft and uber have created gains from trade by

Jack has become a franchise of sonic and his local community this as enable him to have access to blank in order to sell the product

Answers

Answer:

the knowledge, processes, and trademarks of Sonic

Explanation:

Analyse why the social benefit of education exceed the private benefit

Answers

Answer:

dddddddddddd

Explanation:

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxs

A company's assets that can be easily converted into cash are called________

Answers

A company's assets that can be easily converted into cash are called liquid assets.

Liquid assets play a crucial role in a company's financial health and operations. They represent the resources that can be readily accessed and converted into cash without significant loss in value. The most obvious example of a liquid asset is cash, which is readily usable for any purpose. Cash equivalents, such as short-term investments and marketable securities, are also considered liquid assets because they can be easily sold or redeemed for cash. These investments are typically low-risk and have a short maturity period, allowing companies to quickly access funds if needed.

Another form of liquid asset is accounts receivable, which represents money owed to the company by its customers. While accounts receivable may not be immediately available as cash, they can be converted into cash through the collection process. Companies often have credit terms with their customers, allowing them to extend payment deadlines. However, if necessary, companies can accelerate the collection of accounts receivable to generate cash quickly.

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approximately what portion of annual consumption is typically spent by american households on shelter?

Answers

American households typically spend about one-third of their annual income on housing.

How much of their income is spent on housing by the majority of Americans?

Are housing costs straining your finances?After taxes, the annual income of the typical American household is $74,949.In the meantime, the typical American spends $21,409 per year—or $1,784 per month—on housing, or roughly 35% of their income.

How much does the typical American household spend?

The same 2020 BLS study found that the average American spends $5,111 per month, or roughly 73% of their monthly income. Housing, health insurance, food, entertainment, personal care products, and books are all included on this list of costs.

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why do airline suppliers, such as boeing and airbus, have so much power?

Answers

There  are only two main suppliers present in an airline industry, Airbus and Boeing that has the power to control the fuel prices.

What is  a price?

In business and economics, price refers to the amount of money that a buyer pays to acquire a good or service. It is the exchange value of a product, and it represents the value that the buyer and seller place on the item being sold.

Price is determined by various factors, such as supply and demand, production costs, competition, and market trends. A high demand for a product, for example, can drive up its price, while increased competition can lead to lower prices.

Because the Airbus and Boeing are the two significant supplier in an airline industry and that gives them the power to control the fuel prices.

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Explain why it is not sensible to close a business firm if it earns zero economic profits with an example.

Answers

because the consequences far outweigh the modest economic gains.

What is typical gain?

The normal profit metric determines whether a company is utilizing all of its resources by taking into account both explicit and hidden costs. The payments a business makes to external parties, such as those for rent, salaries, and raw supplies, are referred to as explicit costs. Opportunities for income that a business or other entity chooses not to take result in implicit costs, also known as opportunity costs. Implicit or opportunity costs can occur when a decision is made not to sell property in order to use it for the firm itself, or when a pay raise is forgone in order to continue operating a business.

When a corporation's entire costs and total revenues are identical, the term "zero economic" is used by economists to denote that the company has no economic profit. A business can typically claim a zero economic profit when it is competitive and generates revenues that cover its expenses.

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In traditional economies, government controls all manufacturing.

Answers

Answer:

true

Explanation:

Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E

Answers

The reason why buying a car considered "bad debt"is that It decreases in value over time. option A

What is  bad debt?

The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books,  then things turn to uncollectible and is recorded as a charge-off.

It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases  interest charges increase how the amount that is been paid for the vehicle.  and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.

Hence, option A is correct.

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