Answers
The element of a SMART goal that establishes when the objective or goal should be completed is timely. (Option D)
Goals are components of every aspect of business/life which offer a sense of direction, motivation, a clear focus, and clarify importance. SMART goals refer to a best practice framework for devising goals. SMART is an acronym which stands for Specific, Measurable, Achievable, Realistic, and Timely. The element of SMART goal that defines when the goal or objective should be completed is timely. Goals must be time-bound such that they must have a start and finish date. Goal’s time-constraints create a sense of urgency and, therefore, leads to higher motivation to achieve the goal.
Note: The question is incomplete as it is missing options which A) Specific B) Attainable C) Measurable D) Timely
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Related Questions
Disadvantage of not having Poka-Yoke
Answers
This incentive contract is based on a target price of $260,000 withexpected costs of $240,000 and target incentive of $5,000.Thecontract specifies a share ratio of 80/20. If the actual cost is $249,000, what is the seller's final fee?A.$5,000,B.$13,800,C.$11,000,D.$7,200
Answers
The seller's final fee is $7,200. which is option D. based on the incentive contract.
The seller's final fee can be calculated by subtracting the target cost from the actual cost and multiplying it by the share ratio.
First, let's calculate the difference between the actual cost and the target cost:
Actual cost - Target cost = $249,000 - $240,000 = $9,000
Next, we multiply the difference by the share ratio:
$9,000 * (80/100) = $7,200
Therefore, the seller's final fee is $7,200.
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The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 10,319 Accounts receivable 79,922 Merchandise inventories 69,862 Prepaid expenses 6,000 Accounts payable $ 16,850 Notes payable 96,138 Other current liabilities 11,400 If net credit sales for the current year were $602,000, the firm's days' sales uncollected for the year is: (Use 365 days a year.)
Answers
Answer:
49 days
Explanation:
Account receivable turnover ratio = Net credit sales / Accounts receivable
Account receivable turnover ratio = $602,000 / $79,922
Account receivable turnover ratio = 7.53
Average collection period = 365/7.53
Average collection period = 48.47277556440903
Average collection period = 49
Thus, firm’s sales uncollected for year is 49 days.
net loss means expenses is _____ gross profit?
a. greater than b. less than c. equals to d. none of the above
Answers
Answer:
net loss means expenses is ____ gross profit?
a. greater than
→b. less than
c. equals
d. none of the above
Explanation:
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Choi Eunbyul <3
Wiley Company purchased new equipment for $60,000. Wiley paid cash for the equipment. Other costs associated with the equipment were: transportation costs, $1,000; sales tax paid $3,000; and installation cost, $2,500. The cost recorded for the equipment was: $61,000. $66,500. $64,000. $60,000.
Answers
Answer:
b. $66,500
Explanation:
Particulars Amount
Purchase cost $60,000
Transportation cost $1,000
Sales tax paid $3,000
Installation cost $2,500
Total cost $66,500
So, the cost recorded for the equipment will be $66,500
Revenue and Cash Receipts Journals Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month of March 20Y8 are as follows: Mar. 2. Issued Invoice No. 512 to Santorini Co., $905. Mar. 4. Received cash from CMI Inc., on account, for $205. Mar. 8. Issued Invoice No. 513 to Gabriel Co., $220. Mar. 12. Issued Invoice No. 514 to Yarnell Inc., $845. Mar. 19. Received cash from Yarnell Inc., on account, $555. Mar. 20. Issued Invoice No. 515 to Electronic Central Inc., $195. Mar. 28. Received cash from Marshall Inc. for services provided, $160. Mar. 29. Received cash from Santorini Co. for Invoice No. 512 of March 2. Mar. 31. Received cash from McCleary Co. for services provided, $85. Prepare a single-column revenue journal and a cash receipts journal to record these transactions. Enter the transactions in chronological order.
Answers
Answer and Explanation:
The Preparation of revenue Journal and cash receipts Journal is shown below:-
Revenue Journal
Date Invoice Debited accounts Accounts received Dr,
number Fees earned Cr,
March 2 512 Santorini Co. $905
March 8 513 Gabriel Co. $220
March 12 514 Yarnell Inc. $845
March 20 515 Electronic Central Inc. $195
March 31 Total $2,165
Cash Receipts Journal
Date Accounts Post ref. Fees Accounts Cash Dr,
credited earned Cr, receivable Cr,
March 4 CMI Inc. $205 $205
March 19 Yarnell Inc $555 $555
March 28 Marshall Inc.
(Fees earned) $160 $160
March 29 Santorini Co. $905 $905
March 31 McCleary Co.
(Fees earned) $85 $85
Total $245 $1,655 $1,910
Percentage of sales budgeting can also be called _____.
arbitrary budgeting
objective and task budgeting
rule of thumb budgeting
competitive budgeting
Answers
Answer:
promotional budget is set as a percentage of current or anticipated sales
Typical percent of sales is 2%-5%
Explanation:
so I would have to say arbitrary budgetingWHich of the following is not a type of skill needed by effective leaders?
Answers
Answer:
WHich of the following is not a type of skill needed by effective leaders?
Answer. power hankering skil
You believe you can recruit an experienced assembler for $32/hour who can assemble 8 bicycles per hour. You can also
recruit a less experienced assembler for $24/hour who can assemble 4 bicycles per hour. At least in the short term, which assembler is
more cost effective?
a) Experienced assembler
b) Less experienced assembler
c) Can't tell
Answers
Brainliest is appreciated!
Neap, spring, high, and low are all types of ____________________.
Answers
Jamie Kerr is an hourly employee of Noonan Company located in Los Angeles. This week, Kerr had to travel to the company's regional office in Santa Fe. He left Sunday at noon and arrived in Santa Fe at 3:30 P.M. During the week, he worked his normal 40 hours in the Santa Fe office (Monday through Friday-9 A.M. to 5 P.M.). In addition, he attended the company's 3½-hour work training session on Wednesday evening. Kerr's hourly rate of pay is $26.90 per hour.
Round the interim computations to two decimal places and use the rounded answers in subsequent computations. Round the final answers to the nearest cent.
a. Kerr's overtime earnings for the week are
b. Kerr's total earnings for the week are
Answers
a) Kerr received $164.78 in weekly overtime pay. Individuals who work for a company and receive compensation are called employees. Under the heading "Income from salaries," earned salaries are taxable.
How does income relate to salary?For the purposes of income tax, the amount that an employee receives from his employer in any of the following forms during a fiscal year will be considered "Salary": Wages: Wages are a set amount of money that an employer pays its employees in exchange for their work.
In the Netherlands, what is the "30 rule"?Employees recruited from outside the Netherlands to temporarily work here can take advantage of the 30% facility. They are exempt from paying tax on up to 30% of their salary provided they meet the conditions for the 30% facility.
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If an analyst would like to develop a trailing MA forecast that incorporates more variability of historical data, she/he can apply:
a.
trailing MA with a small window width.
b.
trailing MA with a large window width.
c.
trailing MA with any window width.
d.
all of the above.
e.
none of the above.
Answers
If an analyst would like to develop a trailing MA forecast that incorporates more variability of historical data, she/he can apply: b. trailing MA with a large window width.
A larger window width means that more historical data will be used to calculate the moving average, which will result in a forecast that takes into account a wider range of variability in the data. A smaller window width, on the other hand, will result in a forecast that is less variable and more responsive to recent changes in the data. Therefore, option b is the correct answer.
What is forecast ?
A forecast is a prediction or estimate of future events, conditions, or trends based on historical data, statistical analysis, mathematical models, expert judgment, or a combination of these methods. Forecasts are used in many fields, including economics, finance, business, weather, sports, and engineering, to anticipate future developments and make informed decisions based on expected outcomes. A forecast can be short-term or long-term, and can involve a range of different techniques and methods. The accuracy and reliability of a forecast depend on the quality of the data, the appropriateness of the methods used, and the assumptions made about future conditions.
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Complete question is: If an analyst would like to develop a trailing MA forecast that incorporates more variability of historical data, she/he can apply, trailing MA with a large window width.
What are some of the legal restrictions on how organizations can recruit employees?
Answers
The legal restrictions on how organizations can recruit employees are no illegal to discriminate against a job candidate , there should be not favoritism when collection applicants.
What are the legal restrictions on recruitment of employees?The legal restrictions on recruitment of employees are those restriction that is been set up so that the employers can not be able to do as they like when recruiting the new employees.
One of this restriction is that there should not be any kind of discriminate against a job candidate which could base on the color as well as gender differences when making the recruit.
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Early in the year, Marlon was in an automobile accident during the course of his employment. As a result of the physical injuries he sustained, he received the following payments during the year: Reimbursement of medical expenses Marlon paid by a medical insurance policy he purchased $10,000 Damage settlement to replace his lost salary 15,000 What is the amount that Marlon must include in gross income for the current year
Answers
Answer:
$0
Explanation:
It is good to state that the Settlements that are associated with physical injuries are non-taxable. With an exclusion of bodily or physical injury
So Reimbursement & medical expenses for medical coverage or insurance that was bought for S10000 - and the settlement for the replacement of his salary of $15000 will not be a part of the gross income.
Therefore the gross income for the year is zero dollars.
Answer = $0
1. ______ are costs that do not require a monetary payment
A) Accounting costs
B) Explicit costs
C) All opportunity costs
D) Implicit costs
2. Joe runs a restaurant. He pays his employees $200,000 per year. His ingredients cost him $50,000 per year. Prior to running his restaurant, Joe was a lawyer earning $150,000 per year. What would economists say is Joe’s cost of running the restaurant?
A) $150,000
B) $200,000
C) $250,000
D) $400,000
Answers
1. The cost that does not need a monetary payment is the implicit cost.
2. The cost of running the restaurant is $400,000.
1.
Implicit cost is normally:
The opportunity cost that occurred at the time when the company used the resources i.e. owned for the production without considering any payment regarding the resources.Here monetary payment should not be involved.Therefore rest of the given costs should involve monetary payments.
2. The cost of running the restaurant is as follows:
= Employee payment + ingredients cost + lawyer earnings
= $200,000 + $50,000 + $150,000
= $400,000
Therefore we can conclude that
1. The cost that does not need a monetary payment is the implicit cost.
2. The cost of running the restaurant is $400,000.
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Unbanked Partner #1
1. I've had terrible customer service at the banks I've been into, so I don't like them and I
don't trust them. I'm certainly not leaving my money with them,
Answers
Being unbanked has become an increasingly common situation for many individuals in recent years. An unbanked person is someone who has no financial account with any institution. Individuals may choose to be unbanked for a variety of reasons, including a lack of trust in banks due to poor customer service or a negative experience.
A person may have experienced a bad encounter with a bank employee and choose to leave the bank and seek other banking options. They may also be unable to maintain a minimum balance in their bank account, and banks may impose fees for accounts that fall below a certain amount. It can be inconvenient to have to travel to a bank to withdraw money, especially if the nearest bank is far away. Additionally, the time spent waiting in line at a bank can be tedious, and it can be difficult to fit into a busy schedule.
There are alternatives to traditional banks that may be more convenient and better suit the needs of unbanked individuals. Credit unions, for example, offer similar services as banks but are often smaller and more focused on serving the community. Mobile banking apps have also become increasingly popular, offering services such as depositing checks and transferring money.
The use of prepaid debit cards is another option that allows for the convenience of a card without the need for a traditional bank account. The unbanked may also benefit from budgeting tools and financial literacy resources, which can help them make informed financial decisions and take control of their finances. Overall, being unbanked does not mean that an individual cannot access financial services or manage their money effectively.
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Among us how can u play on a school iPad
Answers
Answer:
pretty sure you canttttttttttttttttttttttttt
Which situations result in an increase in the national dept?
An increase in intergovernmental debt
A surplus in the federal budget
Answers
The increase in intergovernmental debt is a situation that always result to an increase in the national debt.
What is a national debt?A national debt refers to the total sum of debts owed by the government of a nation.
Other situation that contribute to the high national debt include:
federal budget deficitsborrowing from the Social Security Trust Fundlow interest rates promoting increased investmentraised debt ceilings etc.Therefore, the Option A is correct
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3) The following are the trial balance and other information related to Soft Tech, a consulting engineer. Soft Tech, Consulting Engineer Trial Balance December 31, 2022 Debit Credit Cash Br. 59,000 Accounts Receivable 99,200 Allowance for Doubtful Accounts Br. 1,500 Supplies 3,920 Prepaid Insurance 2,200 Equipment 50,000 Accumulated Depreciation—Equipment 12,500 Notes Payable 14,400 Share, Capital 104,020 Dividend 34,000 Service Revenue 200,000 Rent Expense 19,500 Salaries and Wages Expense 61,000 Utilities Expense 2,160 Office Expense 1,440 Br. 332,420 Br. 332,420 Other data: 1. Fees received in advance from clients Br.12,000. 2. Services performed for clients that were not recorded by December 31, Br.9,800. 3. Bad debt expense for the year is Br.2,860. 4. Insurance expired during the year Br.960. 5. Equipment is being depreciated at 10% per year. 6. Fine Tech gave the bank a 90-day, 10% note for Br.14,400 on December 1, 2022. 7. Rent of the building is Br.1,500 per month. The rent for 2022 has been paid, as has that for January 2023. 8. Salaries and wages earned but unpaid December 31, 2022, Br.5,020. Instructions a. From the trial balance and other information given, prepare annual adjusting entries as of December 31, 2022. b. Prepare the worksheet c. Prepare an income statement for 2022, a statement of owner’s equity, and a classified statement of financial position. d. Maintain the necessary closing entry.
Answers
Any modifications are reflected in annual adjusting entries as of December 31, 2022 which displays the general ledger account balances below
The ledger account closing balances are shown in a trial balance at a certain moment. Contrarily, an adjusted balance is a list of general accounts and their current balances following the posting of the adjusting entries.
The accuracy of the financial accounts is checked using the adjusted trial balance. The cash flow statement, income statement, and balance sheet are all produced using the adjusted trial balance.
Trial Balance (Adjusted)
Debit Credit
Cash Br. 59,000
Accounts Receivable 99,200
Allowance for Doubtful Accounts Br. 4,360
Supplies 3920
Prepaid Insurance 1,240
Equipment 50,000
Accumulated Depreciation—Equipment 17,500
Notes Payable 14,400
Share, Capital 104,020
Dividend 34,000
Service Revenue 209,800
Rent Expense 19,500
Salaries and Wages Expense 66,020
Utilities Expense 2,160
Office Expense 1,440
Unearned Service Revenue 9,800
Salaries Payable 5020
Total Br. 377,680 Br. 377,680
Financial Statements
Income Statement for 2022
Service Revenue = 209,800
Rent Expense = 19,500
Salaries and Wages Expense = 66,020
Utilities Expense = 2,160
Office Expense = 1,440
Depreciation Expense = 5,000
Bad Debt Expense = 2,860
Insurance Expense = 960
Total Expenses = 97,880
Net Income = 112,920
Statement of Owner’s Equity
Capital, January 1, 2022 104,020
Net Income 112,920
Dividend 34,000
Capital, December 31, 2022 150,940
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QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Answers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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how might planning in a not for profit organization such as American Cancer Society differ from planning in a for profit organization such as Coca-Cola
Answers
Answer:
The strategic planning for a non profit such as the American Cancer Society is not that different from the planning for a profit organization such as Coca Cola. In both cases, the main tools of strategic planning are used, especially SWOT analysis to identify strengths, weaknesses, opportunities and threats.
The difference lies in the ultimate goal of the strategy. For the for profit organization, increasing economic profit is the main concern, while for the non profit, it is not, although the non profit should also aim at obtaining good economic results in order to reinvest in the organization and benefit even more people.
Which is a commodity someone might invest in?
a) a mutual fund
b) natural resources
c) government bonds
d) a certificate of deposit
Answers
Answer:
b) natural resources
Explanation:
Natural resources refer to valuable materials found beneath, above, and on the earth's surface. They are naturally occurring, meaning no human effort is required in producing them. Natural resources make a good source of wealth. Examples of natural resources are land, mineral, oils and gas, forests, water, sunlight, wind, and many others.
Anyone with access to natural resources can invest to make them marketable products. Extraction of oil and refining is an example of investing in natural resources. Processing of trees to wood, use of solar to generate power are other examples.
Answer B) natural resources.
Explanation:
Hope this helps! :)
Hugh has the choice between investing in a City of Heflin bond at 4.80 percent or investing in a Surething Inc. bond at 7.25 percent. Assuming that both bonds have the same nontax characteristics and that Hugh has a 40 percent marginal tax rate, what interest rate does Surething Inc. need to offer to make Hugh indifferent between investing in the two bonds
Answers
Answer:
8%
Explanation:
Calculation for what interest rate does Surething Inc. need to offer to make Hugh indifferent between investing in the two bonds
Using this formula
Interest rate=City of Heflin bond Percentage rate/(1 − Marginal tax rate)
Let plug in the formula
Interest rate=4.80% / (1 − 40%)
Interest rate=4.80%/60%
Interest rate= 8%
Therefore the interest rate that Surething Inc. need to offer to make Hugh indifferent between investing in the two bonds will be 8%
how do i give brainlyest
Answers
Answer:
when you ask a question and you get one answer you cant give someone brainliest until another person answers and after two people answer you chose which one is the best by clicking the little crown in the upper right corner of their answers
Explanation:
Process Costing Tempe Manufacturing Company makes a single product that is produced on a continuous basis in one department. All materials are added at the beginning of production. The total cost per equivalent unit in process in March 2009 was $4.60, consisting of $3.00 for materials and $1.60 for conversion. During the month, 9,300 units of product were transferred to finished goods inventory; on March 31, 2,500 units were in process, 10 percent converted. The company uses weighted average costing.
(a) Determine the cost of goods transferred to finished goods inventory.
(b) Determine the cost of the ending work-in-process inventory.
(c) What was the total cost of the beginning work-in-process inventory plus the current manufacturing costs?
Answers
Answer:
a. $42,780
b. $7,900
c. $50,680
Explanation:
Cost of goods transferred to finished goods inventory.
Total Cost = Total unit Cost x Units Transferred
= $4.60 x 9,300 units
= $42,780
Cost of the ending work-in-process inventory
Total Cost = Material Cost + Conversion Cost
= ($3.00 x 2,500) + ($1.60 x 2,500 x 0.10)
= $7,500 + $400
= $7,900
Total cost of the beginning work-in-process inventory plus the current manufacturing costs
This amount equals the sum of Cost of goods transferred to finished goods inventory and Cost of the ending work-in-process inventory.
Thus,
Total Cost = $42,780 + $7,900
= $50,680
Why do people typically purchase insurance policies?
A. They anticipate that they will never have to pay their deductibles.
B. They believe insurance policies will increase in value over time.
C. They calculate that their insurance premiums will be greater than
their benefits.
D. They would not be able to pay for major expenses without
insurance.
Answers
Answer:
D
Explanation:
Insurance is used too help pay for major expenses, so D should be the correct answer.
People purchase insurance policies because they can't be able to reimburse for major charges without insurance.
Option D is the correct answer.
What is an insurance policy?An insurance policy is a contract between the policyholder and the insurance company to provide indemnification from the risk as specified in the policy.
After purchasing insurance policies, an individual can easily pay for huge expenses which are not in their budget. In this, the money is paid by the insurance company and the individual pays premiums for that.
Therefore, the acquisition of insurance policies by the people for making payments for huge expenses.
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Suppose you are human resources professinal at a company setting up work teams for production and sale. Explain at least four legal requirements which need to be embedded in your pay structure to support this new work arrangement?
please urgent....
Answers
The 4 legal requirements to be embedded includes:
minimum wage salary of the country.minimum wage salary of the state.minimum salary for the workers.flat salary level of the job role.The human resources personnel of a company is responsible for calculating the reward and benefit of an employee according to law requirement, qualification and job role of such employee.
The pay structure which is used by HR personnel entails the collection of wage grades or levels within an hierarchy and provides the framework to implement reward strategies.
The requirements needed to be embedded in the pay structure to support the new work arrangement includes:
The minimum wage salary of the country.The minimum wage salary of the state.The minimum salary for the workers.The flat salary level of the job role.Learn more about this here
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16660 kronas how much is this in us dollars
Answers
Answer: 1,900.05 United States Dollar
Explanation:
What budgeting tip(s) would help you to stay on track
financially?
a.Find a friend with similar goals and hold each other
accountable
b.Put aside fun money in your budget so you're not
missing out
c.Only use your closest gas station to fill up gas
d.All of the above
Answers
Answer:
d. All of the above
Explanation:
The following balances were extracted from the books of VE Enterprise on 31 December 2021.
Particular RM RM
Capital 50,000
Motor vehicles 90,000
Fixtures & fittings 48,500
Inventory as at 1 January 2021 32,200
Allowance for doubtful debts 500
Accumulated depreciations as at 1 January 2021:
Motor vehicles 16,000
Fixtures & fittings 10,400
3% fixed deposit 30,000
4% bank loan 50,000
Sales 199,070
Purchases 73,500
Sales returns 2,050
Purchases returns 2,120
Discount allowed 2,550
Discount received 2,830
Account receivables 37,700
Account payables 48,650
Carriage inwards 3,570
Interest received 450
Commission received 2,600
Salaries 16,100
Electricity bills 5,400
Custom duty on purchases 3,000
Insurances 450
Maintenance expenses 3,300
Drawing 2,300
Cash in hand 6,800
Cash at bank 25,200
Additional information:
1. Inventory as at 31 December 2021 18,180
2. Depreciation for the year ended 31 December 2021 has yet to be provided as follows:
a. Fixtures & fittings: 10% using straight line method
b. Motor vehicles:15% using reducing balance method.
3. Electricity bills was paid in advanced by RM500. Meanwhile RM400 commission are not
received yet.
4. One of the customers Amri Sport Enterprise was declare bankrupt and unable to pay the
debt amount RM700
5. The provision for doubtful debts is to be adjusted to 5% based on remaining account
receivables
6. Salaries are accrued by RM140.
3
7. ‘Purchases’ include goods valued at RM1,040 that were withdrawn by Azwin for her own
personal use.
Required:
a) Prepare Income Statement for the year ended 31 December 2021
(15 marks)
b) Prepare Statement of Financial Position as at 31 December 2021
Answers
a. The Income Statement for the year ended 31 December 2021 is RM80,360.
b. The Statement of Financial Position as at 31 December 2021 is RM206,645.
a) Income Statement for the year ended 31 December 2021:
Sales: RM199,070
Less: Sales returns: RM2,050
Net Sales: RM197,020
Cost of Goods Sold:
Opening Inventory: RM32,200
Purchases: RM73,500
Less: Purchases returns: RM2,120
Add: Carriage inwards: RM3,570
Goods Available for Sale: RM107,150
Less: Closing Inventory: RM18,180
Cost of Goods Sold: RM88,970
Gross Profit: RM197,020 - RM88,970 = RM108,050
Operating Expenses:
Discount allowed: RM2,550
Salaries: RM16,100 + RM140 = RM16,240
Electricity bills: RM5,400 - RM500 = RM4,900
Custom duty on purchases: RM3,000
Insurances: RM450
Maintenance expenses: RM3,300
Total Operating Expenses: RM30,340
Net Profit before Non-operating Items:
Gross Profit - Operating Expenses: RM108,050 - RM30,340 = RM77,710
Non-operating Items:
Interest received: RM450
Commission received: RM2,600 - RM400 = RM2,200
Total Non-operating Items: RM2,650
Net Profit before Tax:
Net Profit before Non-operating Items + Total Non-operating Items: RM77,710 + RM2,650 = RM80,360
b) Statement of Financial Position as at 31 December 2021:
Assets:
Non-current Assets:
Motor vehicles: RM90,000 - (RM90,000 * 15%) = RM76,500
Fixtures & fittings: RM48,500 - (RM48,500 * 10%) = RM43,650
Total Non-current Assets: RM120,150
Current Assets:
Inventory: RM18,180
Account receivables: RM37,700 - (RM37,700 * 5%) - RM700 = RM35,815
Prepaid electricity bills: RM500
Cash in hand: RM6,800
Cash at bank: RM25,200
Total Current Assets: RM86,495
Total Assets: RM206,645
Liabilities and Equity:
Equity:
Capital: RM50,000
Retained Earnings: RM80,360
Total Equity: RM130,360
Current Liabilities:
Account payables: RM48,650
Bank loan: RM50,000
Total Current Liabilities: RM98,650
Total Liabilities and Equity: RM206,645
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