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I am Lyosha [343]
3 years ago
9

In transaction​ analysis, the declaration and payment of dividends is recorded in the​ ________ and​ ________ columns of the acc

ounting equation.
Business
1 answer:
pogonyaev3 years ago
3 0
To complete the statement above:


In transaction analysis, the declaration and payment of dividends are recorded in the Retained Earnings and Cash columns of the accounting<span> equation.


Retained earnings are the bit of an organization's wage that administration holds for interior operations as opposed to paying it to proprietors in the type of profits. The announcement of held profit, a fundamental money related articulation under GAAP rules, clarifies changes in held income over the detailing time frame - more often than not the monetary year. Retained earnings is computed by including net salary and subtracting profits from the adjust of held income toward the start of the period.




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Answer:

1. Vera = $400

2. Colin = $780

3. Messy = $54

4. Goyoh = $5,600

Explanation:

<em>Requirement 1 & 2</em>

<em>1. Vera Dunhill's gross salary - </em>

Hourly income = $10

As she has worked 40 hours for the current week, the gross salary is as follows -

Weekly Income (Gross Salary) = Number of hours worked × Hourly Income

Weekly Income (Gross Salary) = 40 hours × $10 = $400.

<em>2. Colin George's Gross Salary -</em>

Hourly Income = $15

Overtime hourly rate = $15 × 1.5 (for first 4 additional hours) = $22.5

Overtime hourly rate = $15 × 2 (for further additional hours after 4 additional hours) = $30.

As Colin has worked for 47 hours, his gross salary is =

($15 × 40 hours) + ($22.5 × 4 hours) + ($30 × 3 hours)

= $780

<em>Requirement 3 & 4</em>

<em>3. Messy's gross salary - </em>

Peeling guavas at $2 per kilogram. As the Messy has peeled 27 kilogram guavas, his gross salary = $2 × 27 kilogram = $54

<em>4. Goyoh's gross salary -</em>

Basic Salary = $800

Commission = 4% of sales

Current year's sales = $120,000

It means, he will receive the basic salary and commission on sales as a gross salary.

Therefore, Gross Salary = $800 + ($120,000 × 4%)

Gross Salary = $800 + $4,800

Gross Salary = $5,600

For the job purpose, he will receive the basic salary and for the performance purpose, he will receive the commission as well.

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According to the table, if the interest rate on this account were 10 percent, how much money would you have in the account at th
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Explanation:

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site:coursehero.com why is it crucial to collect and analyze data when planning professional development sessions?
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Students are required to evaluate and analyze the data they gather in order to develop explanations for their results.

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To analyze anything is to break it down into its component parts and look at each one separately. Getting raw data and turning it into information that users can use to make decisions is the process of data analysis. In order to find answers, validate theories, or test hypotheses, data is gathered and evaluated.

Data analysis, according to statistician John Tukey, is:

"Procedures for analyzing data, techniques for understanding the findings of such procedures, methods for organizing the collection of data to make its analysis simpler, more accurate, or more precise, and all the equipment and results of (mathematical) statistics which apply to analyzing data."

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Those aspects of business that a retailer can directly affect are referred to as ________.
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