Answer:
False
Explanation:
The gross pay refers to the salary you earn before taxes and other deductions are subtracted. Because of that, the answer is that the statement that says that you should calculate your regular monthly pay based on your Gross Pay is false because this amount is not equal to the amount you actually get when you are paid as the deductions have to be taken out and you receive less money.
Answer:
B. Leverage ratios
Explanation:
Leverage ratios are ratios used in measuring the amount of debt and the capacity of an organization to meet its financial obligation. It is the proportion of debts owed by a business entity compared to its equity/capital. It is used to indicate the amount of debt a business has incured. There are many form of leverage ratios. We have the debt to equity ratio, debt to capital ratio and so on.
Answer:
$60,000
Explanation:
We know that
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
$50,000 = net income - $10,000
So, the net income would be
= $50,000 + $10,000
= $60,000
The ending balance of retained earning - Beginning balance of retained earnings reflects the increase balance of retained earnings