Based on accounting principles, an accumulated deficit means a company has "<u>accumulated more net losses than net income."</u>
This is because the accumulated deficit is generally considered to be a "<u>negative retained earnings balance."</u>
In other words, accumulated deficit is the total summation of the losses and dividends paid by a company that supersedes the profits gained by the company.
Hence, in this case, it is concluded that the correct answer is option B. "<u>accumulated more net losses than net income."</u>
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Annual rate of return is the amount you gain/lose on average each year. it is calculate as the following:
Rate of Return = (ending value - amount invested) / the number of years
OR
(1,100,000 - 1,680,000) / 3 = annual rate of return
Answer:
Regardless of what Oceanic knew or could have discovered
Explanation:
An implied warranty for merchantability guarantees that a product will work as expected. if your oven won't maintain a stable temperature, it can't be relied upon to work properly and has violated the implied warranty of merchantability.
The warranty of merchantability is based off the idea that the seller is in a better state to know whether a product will perform properly. it encourages merchants to ensure the quality of their products before placing them on market.
Definition: Capital market is a market where buyers and sellers engage in trade of financial securities like bonds, stocks, etc. The buying/selling is undertaken by participants such as individuals and institutions. ... Generally, this market trades mostly in long-term securities.
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Answer:
Total manufacturing cost of job 302 : $
Direct material cost 15,100
Direct labour cost(190hrs x $38) 7,220
Manufacturing overhead(190hrs x $19) 3,610
Total manufacturing cost 25,930
Overhead absorption rate = Budgeted overhead/Budgeted activity level
= $784,700/41,300 hrs
= $19
Explanation:
In this scenario, we need to add the direct material cost, direct labour cost and manufacturing overhead in order to obtain the total manufacturing cost. Overhead absorption rate is calculated from the company's budget provided in the question. Overhead is absorbed on direct labour hours. The direct labour hourly rate of $38 was provided in the question
