How do I find the Revenue amount for the following problem? Please be clear and concise and avoid using tables or images etc if you can Revenue $? Dividends Declared $3000 Expenses $6000 RE 1/1 $8000 RE 12/31 $9000 My answer was $8000-but it was wrong.

How do I find the Revenue amount for the following problem? Please be clear and concise and avoid using tables or images etc if you can Revenue $? Dividends Declared $3000 Expenses $6000 RE 1/1 $8000 RE 12/31 $9000 My answer was $8000-but it was wrong.

Name: How do I find the Revenue amount for the following problem? Please be
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: How do I find the Revenue amount for the following problem? Please be clear and concise and avoid using tables or images etc if you canRevenue $?Dividends Declared $3000Expenses $6000RE 1/1 $8000RE 12/31 $9000My answer was $8000-but it was wrong.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

I asked this question earlier and still unclear about the equation. The amount of expenses has to be found. Revenue 2028 $6000 Dividends declared $0 Expenses for 2028 $ Amount Unknown 1/1 RE $12000 12/31 RE $8000 Step 1 This is the equation I was given. Closing RE=Opening RE+ Net income loss-Dividends paid (How do you know it is a loss if you haven't even found the expenses amount yet??) Also why below is loss in parentheses below? I need to know why Net Income LOSS is used $8000=$12000+Net income loss-$0 Net Income Loss=$8000-$12000+$0 Net Income (loss)=-($4000) Step 2 Calculate expenses for 2028 Net Income LOSS=Revenues-Expenses -$4000=$6000+$4000 Expenses=$6000+$4000 Expenses=$10000
Please do not give solution in image format thanku
I need some help double checking my math.... the question is attached here is what I got: Solution: Solution: Year CF Balance Year CF Balance 0 -$100,000.00 -$100,000.00 0 -$500,000.00 -$500,000.00 1 $25,000.00 -$75,000.00 1 $125,000.00 -$375,000.00 2 $25,000.00 -$50,000.00 2 $250,000.00 -$125,000.00 3 $25,000.00 -$25,000.00 3 $300,000.00 $175,000.00 4 $25,000.00 $0.00 4 $225,000.00 $400,000.00 5 $25,000.00 $25,000.00 5 $100,000.00 $500,000.00 6 $10,000.00 $35,000.00 6 $25,000.00 $525,000.00 7 $5,000.00 $40,000.00 7 $0.00 $525,000.00 Payback 4.00 Payback 2.42 Solution: Year Investment A Year Investment B 0 -$100,000.00 0 -$500,000.00 1 $25,000.00 1 $125,000.00 2 $25,000.00 2 $250,000.00 3 $25,000.00 3 $300,000.00 4 $25,000.00 4 $225,000.00 5 $25,000.00 5 $100,000.00 6 $10,000.00 6 $25,000.00 7 $5,000.00 7 $0.00…
FIND REVENUE Find the revenue for this problem and please provide the equation and method you came to find the correct answer. Please explain clearly. Revenues UNKNOWN Dividends declared $80000 Expenses $70000January 1 retained earnings $28000December 31 retained earnings $32000
Computing in the Business World Compare the numbers in Column 1 to those in Column 2. Find any transposition, slide, or omission errors. Identify the type of error for each line. Column 2 Column 1 $18.00 $15,000 $222.52 $187,235,499.05 $47,988 $578,334.99 $180.00 $1,500 $222.25 $187,235,499.50 $47,988 $5,778,334.99
How do I calculate the ones that i got wrong? Please show the steps! please avoid image thanks
Help to clarify the trial balance for 1,2,3,4,5 For num 2 knowing that will be 0 as paid up the account payable of $500. But I'm still confuse with rest..
i dont get this question, HELP!