<u>Calculation of amount of net income (net loss):</u>
The amount of net income (net loss) can be calculated using the formula of retained earnings.
Retained earnings ending balance = Retained earnings beginning balance + net Income – Dividends
We are given that:
Retained earnings ending balance =$439,500
Retained earnings beginning balance= $432,800
Dividends = $20,200
Let’s say Net Income = X
Hence,
Retained earnings ending balance = Retained earnings beginning balance + net Income – Dividends
439500 = 432800+X-20200
439500 = 412600+X
X = 439500-412600 = 26,900
Hence, the Net Income reported by Jasper in the year 2017 is <u>$26,900</u>
Answer:
quantity demanded of Blu-Ray disc players has decreased.
Explanation:
The above is applicable to the law of supply which states that as other factors remain constant, the higher the price , the higher the quantity supply and vice versa. In other words, producer will be willing to supply more as prices of goods increases due to the sales revenue that will be available to them.
However, as in the above case, since there is an increase in supply, and a decrease in price, quantity demanded would also decrease because supply and demand are dependent on each other as a general rule.
Answer: See explanation
Explanation:
The quart is the same as one quarter of a gallon and it is used for measuring liquid. The gallon is also a unit of measurement for liquid as well.
In converting 5 quarts to gallons, we should note that:
1 quart = 1/4 gallon
5 quarts = 1/4 × 5 = 1.25 gallon
Answer: Bagley's ethical decision making tree
Explanation: In simple words, it refers to the method of decision making when the managers are facing an ethical dillema. Under this approach, the managers considers all alternatives and takes into account the impact of making them.
In the given case, Patty is trying to ascertain whether she should close the facility temporally or permanently and what impact does it make.
Hence from the above we can conclude that she and her managers are using Bagley's ethical decision making tree.