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Black_prince [1.1K]
1 year 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]1 year 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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A management consulting team needs a team of four to analyze the operations of a new client. The team should comprise an account
exis [7]

Answer:

720

Explanation:

Given:

The management consulting team should comprise an accountant, a production specialist, a finance specialist, and a management specialist. On its staff, the consulting firm has available six accountants, five production specialists, three finance specialists, and eight management specialists

To find:

Number of different teams that could be formed from the available individuals

Solution:

Use combination to find number of ways to select y objects from x objects when the order in the selection process doesn't matter.

Number of ways to select an accountant, a production specialist, a finance specialist, and a management specialist from six accountants, five production specialists, three finance specialists, and eight management specialists =6_C_1 5_C_1 3_C_1 8_C_1\\=6(5)(3)(8)\\=720

4 0
3 years ago
If the unemployment rate is 5.8% and the number of unemployed persons is 15 million, the labor force is approximately:__________
Delicious77 [7]

Answer: 258 million

Explanation:

The labor force refers to the number of people who are employed and the unemployed who are also looking for work.

Let the labor force be represented by x. Based on the question given, we can form an equation which will be:

5.8% of x = 15 million

0.058x = 15 million

x = 15million / 0.058

x = 258 million

Therefore, the labor force is approximately 258 million.

6 0
3 years ago
Revenue is recognized in the accounting period in which the performance obligation is satisfied. This statement describes thea)
melomori [17]

Answer:

This statement describes. c) revenue recognition

Explanation:

The revenue recognition principle states that one should only record revenue when it has been earned, not when the related cash is collected.

6 0
3 years ago
Privo Co. purchases a machine that cost $15,000. Privo estimates a 5-year life with no salvage value. The first three years of d
Ierofanga [76]

Answer:

Double-declining balance method

Explanation:

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 4

= 20%

Now the rate is double So, 40%

In year 1, the original cost is $15,000, so the depreciation is $6,000 after applying the 50% depreciation rate

And, in year 2, the depreciation is ($15,000 - $6,000) × 40% = $3,600

And, in year 3, the depreciation is ($15,000 - $6,000 - $3,600) × 40% = $2,160

6 0
3 years ago
Rusty sells his home for $330,000. He must pay a 6% brokerage fee which will be split evenly between the selling broker and list
Solnce55 [7]

Answer:

=$ 80, 200.00

Explanation:

selling price : $ 330,000.00

Commission 6 %:

Commissions paid = 6/100 x $ 330,000.00

     =$19,800.00

Closing costs =: $ 5000.00

Mortgage  paid : $ 225,000

Total payouts:  $19,800 + $50,00+ $225,000

   =$ 249, 800.00

Rusty Expects: $ 330,000.00- $ 249,800.00

   =$ 80, 200.00

8 0
3 years ago
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