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ryzh [129]
2 years ago
9

Prepare a statement of retained earnings in proper form for White Corporation

Business
1 answer:
Illusion [34]2 years ago
7 0

The Retained earning for White Corporation is $5,200 for the year ended December 31, 2012.

<h3>What is retained earning?</h3>

After deducting all of a company's overhead expenses, income taxes, and profits for shareholders, the amount of profit left over is known as retained earnings.

Following is the statement of retained earning for White Corporation-

Retained Earning      $2,000

 <u>   less(Dividend)         -$800</u>

              Balance  =    $1,200

 add(Net income)     +$3000

<u>add (Rent Expense)  +</u><u>$1,000</u>

Retained earning   =   $5200

Therefore, the Retained earning for the year ended on December 31, 2012 of White Corporation will be $5200.

Learn more about Retained earning, here:

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Every organization needs some degree of flexibility and standardization. True False Being overly committed to following rules ca
kvv77 [185]

Answer:

1. True: Every organization needs some degree of flexibility and standardization.

2. True: Being overly committed to following rules can harm an organization and keep it from growing.

3. flexibility; standardization.

Explanation:

It is really important and necessary that all organization have some degree of flexibility and standardization. Every organization is expected to be flexible, in order to be able to effectively manage potential changes or challenges that arises in business. They should also be standardized, by having proper policies, strategies and structure for the purpose of running the business smoothly and efficiently.

However, if an organization is overly committed to following rules, this can cause harm to it's business operations and thereby hindering its growth and development.

Hence, some degree of flexibility is needed in every organization in order to adapt to new situations or some degree of standardization to make routine tasks and decisions as efficient and effective as possible.

8 0
4 years ago
EZ Workout Inc. advertises Fit Step, an exercise machine, online. In its ads, EZ claims that the use of Fit Step measurably enha
Goryan [66]

Answer:

substantiated.

Explanation:

EZ Workout is not saying that Fit Step is good for you because it will make you feel better and fitter, it is saying that it measurably increases the length of the lives of it users.

When an advertisement states alleged facts it must be able to provide proof of evidence or claim substantiation, if not, they can be accused of deceptive advertising.  

5 0
3 years ago
Some accountants argue that variances should be written off directly to cost of goods sold, regardless of materiality, because:
Citrus2011 [14]
I had to look for the options and here is my answer. 

Some accountants assert that variances should be written off directly to the price of the sold goods, regardless or materiality because product proration would indicates that assets values on the balance sheet consist of the inefficiency costs.
8 0
3 years ago
On February 1, 2018, Cue Company acquired 1,700 shares of its $1 par value stock for $54 per share and held these shares in trea
Marysya12 [62]

Answer:

The answer is:

April 10, 2019:

Dr Cash                               96,900

Cr Treasury stock              91,800

Cr Paid-in capital                5,100

(to record resell of 1,700 repurchase shares at $57)  

Explanation:

While the share was repurchased at $54 each; the Treasury stock account is debited at 54 x 1,700 = 91,800. Thus, when resell takes place, treasury stock account must be credited by 91,800.

Cash receipt is 57 x 1,700 = 96,900. Thus, this amount is debited in Cash Account.

The difference between the Dr Cash and Cr Treasury stock will Credited in to Paid-in Capital Account at the amount 5,100; which is also calculated as 1,700 x ( 57-54).

6 0
4 years ago
Given a normal market demand curve for unleaded gasoline, if the price of shipping a gallon of gasoline rises from $.50 per gall
Bingel [31]

Answer:

d. decrease in quantity demanded of unleaded gasoline.

Explanation:

Since the shipping cost of a gallon of gasoline is increased from $0.50 per gallon to $0.75 per gallon that reflect the increase in price

As the price is increased, the quantity demanded of unleaded gasoline is decreases as the shipping cost increases which affect the other factors

So, at one time the price increases with the decreases in the quantity demanded

6 0
3 years ago
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