Red Fox Companys beginning Retained Earnings was $23,000. During the year, Red Fox declared dividends of $800 and incurred a net loss of $4,500. What is Red Fox ending Retained Earnings?

Group of answer choices

$17,770

$19,300

$23,000

$26,700

A student needs to have $80,000 in four years. What amount must she invest today if her investment earns 12% annual interest, compounded quarterly?

Period	Present Value of $1 at 3%	Present Value of $1 at 12%	Present Value of an Ordinary Annuity at 3%	Present Value of an Ordinary Annuity at 12%	Present Value of an Annuity Due at 3%	Present Value of an Annuity Due at 12%
4	0.88849	0.63552	3.71710	3.03735	3.82861	3.40183
8	0.78941	0.40388	7.01969	4.96764	7.23028	5.56376
16	0.62317	0.16312	12.56110	6.97399	12.93794	7.81086
20	0.55368	0.10367	14.87747	7.46944	15.32380	8.36578

Group of answer choices

$1,035,035

$49,854

$13,050

$50,842

Which of the following statements is true?

Group of answer choices

If interest is 4% compounded annually, $10,400 due one year from today is equivalent to 10,000 today.

The process of accumulating interest on interest is referred to as discounting.

If interest is 11% compounded annually, $1,100 due one year from today is equivalent to $1,000 today.

The higher the discount rate, the higher the present value.

Fox Co. successfully completed the sale of its Owl division in April 2020 that it decided to discontinue operations in July 2019.

From January 2020 through the date of the sale, the Owl Division generated a $200,000 operating profit. The Owl division was sold at a pre-tax loss of $500,000. Fox Co. has pre-tax profit from all operations in 2020 of $1,500,000.

What is Fox Cos Income from Discontinued Operations reported on its income statement in 2021?Fox's Cos income tax rate is 20%.

Group of answer choices

$300,000 loss

$700,000 income

$160,000 income

$240,000 loss