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2 years ago

What is the relationship of expenses, revenues, and dividends to retained earnings?

1 answer:

3 0

Revenue and retained earnings provide insights into a company’s financial performance. While Retained earnings are an accumulation of a company's net income and net losses over all the years the business has been operating whereas, Revenue is a critical component of the income statement.

Retained earnings are the amount of profit a company has left over after paying all its direct costs, indirect costs, income taxes and its dividends to shareholders. Retained earnings make up part of the stockholder's equity on the balance sheet.

Revenue, sometimes referred to as gross sales, affects retained earnings since any increases in revenue through sales and investments boost profits or net income.

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How frequently is the value of insurers variable sub accounts normally calculated

Dennis_Churaev [7]

Answer:

Everyday because the ever-increasing complexity of our securities laws has led to a great deal of confusion among investors over the differences between mutual funds and variable annuity sub-accounts.

Explanation:

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2 years ago

40 pts

Finger [1]

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4 years ago

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Fit & Slim (F&S) is a health club that offers members various gym services.

Hoochie [10]

Answer:

a. they are separate performance obligations

normal price of annual membership = $1,140

one yer enrollment in yoga = $600 x (30% - 10%) = $120 x 50% = $60

total $1,200

% of price allocated to:

annual membership = ($1,140 / $1,200) x $1,100 = $1,045

discount voucher = $1,100 - $1,045 = $55

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Dr Cash 1,100

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3 years ago

In 1949, Sycamore, Illinois built a hospital for about $500,000. In 1987, the county restored the courthouse for about $1.7 mill

Vaselesa [24]

Answer:

d. $2.6 million in 2000 dollars, which is more than the cost of the courthouse restoration in 2000 dollars.

Explanation:

price index is the average of price related to aspecific calss of goods or services in a specific period of time.

Today's Cost of Asset = Base year cost x ( current year price index / Base year price index

In year 2000

Hospital = $500,000 x 126.5 / 24 = $2,635,417

Courthouse = $1,700,000 x 126.5 / 108 = $1,991,204

Cost of Hospital = 2.6 million

Difference with courthouse = 2,635,417 - 1,991,204 = $644,213

Cost of hospital is more than the Couthouse by $644,21300

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3 years ago

Danner Company expects to have a cash balance of $49,950 on January 1, 2020. Relevant monthly budget data for the first 2 months

Sholpan [36]

Answer:

balance of $49,950 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows.

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Payments for direct materials: January $55,500, February $83,250.

Direct labor: January $33,300, February $49,950. Wages are paid in the month they are incurred.

Manufacturing overhead: January $23,310, February $27,750. These costs include depreciation of $1,665 per month. All other overhead costs are paid as incurred.

Selling and administrative expenses: January $16,650, February $22,200. These costs are exclusive of depreciation. They are paid as incurred.

Sales of marketable securities in January are expected to realize $13,320 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $27,750. The company wants to maintain a minimum monthly cash balance of $22,200.

Prepare a cash budget for

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3 years ago