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lubasha [3.4K]
1 year ago
7

Explain the typical relationship between retained earnings and net income/loss, and describe how this information is included in

the qbo accountant budgeting process.
Business
1 answer:
lbvjy [14]1 year ago
5 0

The typical relationship between retained earnings and net income/loss,tha Retained income represent the part of the net income of our organisation that remains after dividends have been paid on our shareholders.

The profits assertion is finished, the income discern from the time period is transferred to retained income inside the stockholder's fairness segment of the balance sheet. A net loss reduces retained profits; a net advantage will increase retained income.

The budgeting procedure lets an enterprise plan and prepare its budgets for a hard and fast length. It entails reviewing past budgets, identifying and forecasting sales for the coming period, and assigning amounts to spend on a enterprise's various prices.Feb 18, 2021

There are numerous extraordinary strategies to budgeting for businesses however those 4 kinds of budgets are the maximum generally used: incremental budgets, pastime-primarily based budgets, fee proposition budgets, and zero-primarily based budgets

Learn more about budgeting process here:-brainly.com/question/24940564

#SPJ4

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Knollcrest Corporation has a cumulative book loss over the past 36 months. Which of the following statements best describes how
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Which is not a factor that can cause a change in supply?
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business model is not a factor

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Durable goods are: a. consumers' goods b. raw materials combined to produce consumer goods c. those that must be replaced after
Leokris [45]

Answer:

d. those that may be stored and repaired

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3 years ago
Generally, a high ___________ ratio could lead investors and creditors to view the company as being very risky debt to owners' e
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High <u>debt to owner's equity ratio. </u>

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6 0
2 years ago
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Suppose the price level and value of the U.S. Dollar in year 1 are 1 and $1, respectively. Instructions: Round your answers to 2
Nookie1986 [14]

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