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Protect Me, Ltd. makes one product. Budgeted unit sales for 1st Quarter, 2nd Quarter, 3rd Quarter, and 4th Quarter are 420,000; 412,000; 422,000; and 416,000
Protect Me, Ltd. makes one product. Budgeted unit sales for 1st Quarter, 2nd Quarter, 3rd Quarter, and 4th Quarter are 420,000; 412,000; 422,000; and 416,000 units, respectively. The ending finished goods inventory should equal 10% of the following month's sales. The budgeted required production for 3rd Quarter is: a. 422,600 units b. 421,400 units C. 422,000 units d. 413,000 units 411,000 units At the beginning of 2014, Many Faces, Co. had a Retained Earnings balance of $47,090. For the next three years, the firm reported the following net income (loss) and cash dividends declared and paid: Year: Net Income (loss): Cash Dividends: 2014 2015 | $19,560 (516,850) $12,915 $1,560 50 5995 2016 What would be the balance of Retained Earnings reported on the year-end balance sheet as of 12/31/2016? 8. 549,545 6.562,715 C. $55,270 d. 560,160 e.547,090
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