Answer:
Retained earnings is the amount of net income left over for the business after it has paid out dividends to its shareholders. The decision to retain the earnings or distribute them among the shareholders is usually left to the company management.
Explanation:
hope this helps you with your question
Answer:
D) $8,040
Explanation:
<u>Credit Sales Method:</u>
Bad Debt Losses = 3% of Credit Sales
Bad Debt Losses = 0.03 x $588,000
Bad Debt Losses = $17,640
<u>Adjusted balance in the Allowance for Doubtful Accounts:</u>
Bad Debt Losses - (uncollectible accounts receivable - Allowance for Doubtful Accounts)
$17,640 - ($24,000 - $14,400)
$17,640 - $9,600
$8,040
Answer:
Strategical level- It states that these type of decision making should be taken by the higher authorities of the company for example, chief executive, chief manager, president etc.
Explanation:
Hi there
The share of profit and loss based on their proportion of their capital
Total capital is
100000+60000=160000
Allison's share of profit is
80,000×(60,000÷160,000)=30,000
joshs share of profit is
80,000×(100,000÷160,000)=50,000
Good luck!
