Tuscan Inc. had a retained earnings balance of $60,000 at December 31, 2018. During the year, Tuscan had the following selected transactions. a. Reported net income of $100,000.
b. Revised an estimate of a machine’s salvage value.
c. Depreciation increased by $1,000 per year. An error was discovered.
d. Three years ago, a purchase of a building was incorrectly expensed.
e. The effect is understated retained earnings of $12,000 (net of tax benefit).
f. Paid cash dividends of $33,000.

Required:
Calculate the retained earnings balance at December 31, 2019.

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate

Companies under market structures are independent