1. Sell product for $25,000 with historical cost of $20,000 2. Sell product for $20,000 with historical cost of $16,000 3. Sell product for $40,000 with historical cost of $32,000 What is the final amount in Retained Earnings

Question

18-07-2022
Business

contestada

1. Sell product for $25,000 with historical cost of $20,000 2. Sell product for $20,000 with historical cost of $16,000 3. Sell product for $40,000 with historical cost of $32,000 What is the final amount in Retained Earnings

Respuesta :

Otras preguntas

Match each warning sign to an example of an abusive trait. A. Is controlling Liam hits Lea and then tells her to stop crying. B. Plays the victim Henry is nev

In 2015, nearly seven out of every ten autos sold in a country was a crossover utility vehicle (CUV). If an auto dealership sold 4000 vehicles in total that yea

What is the relationship between sister pauline quinn's program discussed in our text, in which prison inmates train service and therapy dogs, and sociological

DESCRIBE AND GIVE AN EXAMPLE OF A COMPOUND EVENT!!! :)))

Can you help me with a story?

Which form of government is a compromise solution to the question of whether the states or the central government should have ultimate sovereignty? A) democrati

Following the election of 1876, the electoral commission A. included one more Democrat than Republican. B. decided to award the presidency to Samuel J. Tilden.

Why medical coding is important?

the poet seems to suggest that a bad mood usually spoils your day and whenever we are cheerful the day is saved comment

suppose a great white shark is trying to reach a point that is 1200 m deep and 1850 m west of its starting point assuming the shark swims in a straight line wha

anthougo anthougo · Answer 1 · 2022-07-27T18:17:01+02:00

The final amount in Retained Earnings after selling the three different products with different prices and historical costs is $17,000.

What is the difference between the selling price and historical cost?

The difference between the selling price and its historical cost is profit.

Profit is the financial benefit realized when the revenue generated from a business activity exceeds the expenses, costs, and taxes.

Data and Calculations:

Product Selling Price Historical Cost Profit

A $25,000 $20,000 $5,000 ($25,000 - $20,000)

B $20,000 $16,000 $4,000 ($20,000 - $16,000)

C $40,000 $32,000 $8,000 ($40,000 - $32,000)

Total $85,000 $68,000 $17,000

Thus, the final amount in Retained Earnings after selling the three different products with different prices and historical costs is $17,000.

Learn more about profits at https://brainly.com/question/1078746

#SPJ1