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?

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

Eileen's elegant earrings produces pairs of earrings for its mail order catalogue business. each pair is shipped in a separate box. she rents a small room for $150 a week in the downtown business district that serves as her factory. she can hire workers for $275 a week. there are no implicit costs. what is the marginal product of the second worker?

What is the correct percentage of texas teachers charged with ethics violations each year?