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2 years ago

Expenses retained earnings; therefore, to increase any expense, one would the expense account.

Business

1 answer:

Liula [17]2 years ago

6 0

Expenses decreases retained earnings; therefore, to increase any expense, one would debit the expense account

What does retained earnings mean?

Retained earnings are profits retained in the business for reinvestment and for expansion purposes, in essence, expenses would reduce the retained earnings, the higher the expenses, the lesser the retained earnings become.

From a double entry point of view, an increase in expenses would be debited to expense account and a decrease is credited instead.

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Over the last half century, the percentage of the U.S. labor force working in manufacturing thas

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B definitely b because why not

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4 years ago

Ross wants to invest some money that he just inherited. He found that his bank offers a savings account paying a guaranteed 3% r

LUCKY_DIMON [66]

Answer:

Explanation:

Investing usually involve a trade-off between risk and return. Thus, relative to the guaranteed 3% rate of return offered by his bank, he will need to accept a higher level of risk to earn a higher return on his money.

Option A is incorrect because investing overseas may not earn a higher return, especially if the investment is in an oversea sovereign asset. Option B is incorrect because investing in a business with a very stable and predictable rate of return will likely yield a lower or similar rate of return as the bank savings account due to its low level of risk. Option D is incorrect as engaging in illegal activities does not necessarily guarantee a higher rate of return on a consistent basis.

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3 years ago

A city Enterprise Fund was awarded an operating grant during the fiscal year. Assuming qualifying costs were incurred during the

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Answer:

the Correct Answer is " Non-operating revenues"

Explanation:

A city Enterprise Fund got a working award during the monetary year. The Enterprise Fund will report this award on the announcement of incomes, costs, and changes in net situation as Non-operating revenues. However, Non-operating revenues is the segment of an association's salary that is gotten from exercises not identified with its center business activities. It can incorporate things, for example, profit salary, benefits or misfortunes from ventures, just as additions or misfortunes brought about by outside trade, and resource compose downs.

3 0

3 years ago

charmaine earns $11 an hour at her parttime job. show that the relationship between the amount she earned and the number of hour

AURORKA [14]

Answer:

y = 11 x

Explanation:

The relationship between two variables x,y is said to be a proportional relationship if the ratio between the values of the two variables is constant:

$\frac{y}{x}=k$ (3)

where k is the a constant value valid for all pairs (x,y).

In this problem, we are told that Charmaine earns $11 per hour. Here we call:

y = amount of money earned

x = time

We can see that the relationsip between x and y is proportional. In fact:

- after 1 hour, Charmaine has earned $11 (1)

- after 2 hours, Charmaine has earned $22 (2)

.. and so on

For (1), we find

$\frac{y}{x}=\frac{11}{1}=11$ so k = 11

For (2), we find

$\frac{y}{x}=\frac{22}{2}=11$ so k = 11

So, k = 11 for every pair (x,y), so the two variables have proportional relationship.

Moreover, we can write an equation that relates the two variables re-arranging eq.(3).

$y=kx\\\rightarrow y=11x$

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3 years ago

A financial plan is mostly influenced by retirement income work life balance priorities and goals race and gender

harkovskaia [24]

A financial plan is mostly influenced by priorities and goals. Hence, Option C is correct.

<h3>What is a financial plan?</h3>

A plan, which is a kind of evaluation of an individual's current pay and future financial state. Evaluation, which is done by using current and future financial variables, is called financial plan.

And a financial plan is an estimation of the required capital. Prioritizing financial goals is also important when doing financial planning. It will help in aligning goals with plans.

Thus, a financial plan is mostly influenced by priorities and goals. Hence, Option C is correct.

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2 years ago

Expenses ______ retained earnings; therefore, to increase any expense, one would ______ the expense account.

Expenses retained earnings; therefore, to increase any expense, one would the expense account.