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Black_prince [1.1K]
11 months ago
6

the term deficit is used to refer to a debit balance in which of the following accounts of a corporation? a.treasury stock b.ret

ained earnings c.organizational expenses dmon stock
Business
1 answer:
kifflom [539]11 months ago
8 0

The term deficit is used to refer to a debit balance in Retained Earnings accounts of a corporation .

What is meant by Retained Earnings ?

The amount of profit a business keeps after paying all of its direct and indirect expenses, income taxes, and dividends to shareholders is known as retained profits. This is the percentage of the company's equity that may be utilized, for example, to fund the purchase of new machinery, research and development, and marketing.

Retained earnings are referred to as "gathered profits" when they are accumulated over time.

Before giving you more money, banks take a look at your company's retained earnings.

To learn more about Retained Earnings checkout the link below :

brainly.com/question/25631040

#SPJ4

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Hotwax makes surfboard wax in a single operation. This period, Hotwax purchased $62,000 in raw materials. Its production departm
ki77a [65]

Answer:

Purchase of raw materials

Raw Materials $62,000 (debit)

Cash $62,000  (credit)

Direct materials requisation

Work - In - Processs : Production Department $50,000 (debit)

Raw Materials $50,000 (credit)

Explanation:

Purchase of raw materials

Raw Materials $62,000 (debit)

Cash $62,000  (credit)

<em>Recognise Asset - Raw Materials and De-recognise Asset - Cash</em>

Direct materials requisation

Work - In - Processs : Production Department $50,000 (debit)

Raw Materials $50,000 (credit)

<em>Recognise Cost of Production in Work in Process (Production department) and De-recognise the Asset - Raw Materials</em>

5 0
3 years ago
The following information is from Princeton Company's comparative balance sheets.
allochka39001 [22]

Answer:

cash received = $ 240,000

Explanation:

On calculating the common stock $10 par

Beg. balance - $ 118,000

                      $6,000      - Issuance of common stock

Thus the ending balance = $124,000

On calculating the paid in capital in excess of par

Beg. balance - $ 351,000

                      $ 234,000 - Issuance of common stock

Thus the end balance - $ 585,000

Therefore,

The cash received - $ 240,000

6 0
3 years ago
The foreign subsidiary of a large corporation is:_________ a) a cost center. b) an investment center. c) not a responsibility ce
Brut [27]

Answer:

b) an investment center

Explanation:

The foreign subsidiary of a large corporation is an investment center.

3 0
2 years ago
A retailer has noticed that his cost of goods from a specific supplier always seem to be increasing—affecting the gross profit o
lions [1.4K]

The action that the  retailer could take is that He or she can ask the supplier for an explanation for the price increases and then he can Keep raising retail price of the item(s) to compensate for the price increases from the supplier.

<h3>What brings an increase in gross profit margin?</h3>

A retailer can experience an increase in the sales volume and this is one that can lead to a reduction in the cost of goods sold based on the fixed manufacturing cost per unit is said to be  smaller as production volume is getting bigger.

An increase in sales is known to be one that is followed by a decrease in cost of goods sold per unit that therefore leads to a higher gross profit margin.

Learn more about retailer  from

brainly.com/question/25376778

6 0
2 years ago
A very safe stock investment that generally attracts conservative investors is called a ________ stock. the dow 30 is made up of
Vladimir [108]

A very safe stock investment that generally attracts conservative investors is called a <u>blue chip</u> stock. the dow 30 is made up of such stocks.

The Dow Jones Industrial Average measures the average cost of 30 selected industrial stocks. This is important because the financial industry uses it to show the direction of the stock market over time.

The Dow Jones Industrial Average includes prices for only 30 companies and is a simple average. - The S&P 500 Stock Index is broader (500 shares) and represents a value-weighted average that gives more weight to the stocks with the largest market capitalization.

The Dow Jones Industrial Average is an index of 30 "blue chip" US industrial companies. The index includes a wide range of companies, from financial services companies to computer companies to retailers, but excludes transportation and utility companies included in another index.

Learn more about stock here brainly.com/question/25818989

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3 0
1 year ago
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