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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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The Jack Frost Law Firm prepays for advertising in the local newspaper. On January​ 1, the law firm paid $ 11 comma 000 for ten
Svet_ta [14]

Answer:

a. $11,000

b. $2,200

Explanation:

According to the cash basis accounting, the cash is recorded when actual cash is received

But as per the accrual basis of accounting, the revenue is recorded when it is realized or earned whether cash is received or not                      

So,

a. Cash basis = $11,000

b. Accrual basis

= $11,000 ÷ 10 months × 2 months

= $2,200

8 0
3 years ago
Use the information below to answer the following question. The following lots of a particular commodity were available for sale
Andreas93 [3]

Answer:

$1,510

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

The business had a total of 40 inventories.

The inventories sold = 40 - 20 = 20

The cost of the goods sold would first be alloted to the 3rd purchased inventory = 10 x $77 = $770

The remaining cost of goods sold would be allocated to the 2nd purchase of inventory = 10 x $74 = $740

Total = $740 + $770 = $1,510

I hope my answer helps you

8 0
3 years ago
Martin was trying to sell pumps for circulating water in decorative goldfish ponds when he realized that the reason he was not a
Llana [10]

The correct answer would be option A, Change Agent.

After making the change in design, the pumps became lightweight and were better able to meet customers' requirements. As the Change Agent, Martin identified an opportunity, saw the project from its conception to the development of a light model pump.

Explanation:

A person who brings about change in the organization, or who influences or forces to make a change in the product or organization like organizational effectiveness, improvement or development, then this person is called as a Change Agent.

A Change agent is a person who can be from within the organization or can be from outside of the organization.

So Martin, who is an employee of the firm, and trying to sell the firm's product to the customers, identified an opportunity and told the firm to change the model of pump to get more sales. So he acted as a change agent in this example.

Learn more about Change Agent at:

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6 0
3 years ago
Ngân hàng thương mại có tỷ lệ an toàn vốn tối thiểu là 8% và tỷ suất sinh lời trên tài sản có hằng năm như sau : năm 1998 có ROA
Luda [366]

Answer:

???????

Explanation:

8 0
3 years ago
Helping employees find the harmony between the demands of their personal and professional lives is called ________.
motikmotik

Helping employees find the harmony between the demands of their personal and professional lives is called<u> Work-Life Balance</u>.

Employees face a variety of obstacles in the workplace today. While certain professions permit a more flexible separation of work and personal life, many others require substantial sacrifices in the area of leisure and family.

The United States is ranked 30th among nations with the best work-life balance by Statista. This is primarily due to the fact that many Americans often put in extra time at work.

Employers are becoming more conscious of the rising demands of their workers about a healthy work-life balance as a result.

Businesses are now thinking about how to create a work-life balance and putting in place specific strategies to encourage this. Making workers more productive is a goal, but so is making them happier and more balanced.

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8 0
1 year ago
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