Answer: d. Net income is part of the computation for ending retained earnings.
Explanation:
In the statement of owner's equity, Retained earnings are calculated and it is done with the Net Income. This is why when the net income is calculated from the Income Statement it is transfered to the SOE and used to calculate Retained Earnings.
Retained Earnings are calculated by the formula,
Ending Retained = Opening Retained Earnings + Net Income (losses) - Dividends
Net income is added to (or subtracted from if it is a Net loss) the Opening Retained earnings balance. Net dividends are also subtracted.
Answer: a. The professional software package included Web 2.0 applications, but it cost more than $1,200.
Explanation:
A simple rule for writing a correct number style is that when writing numbers between 1 - 9 ( single digits numbers), you should spell them out. When writing anything larger however or if writing multiple numbers, you should write them as numerals.
This convention can be typically broken every now and then in certain cases. One of those cases is that, if you have a situation where you have 2 numbers in a sentence, you have to use one style for it and if the 2 numbers consist of 1 small number and 1 large number you would preferably have to use numerals.
For this reason Option A which has two numbers written as numerals is correct.
It is worthy of note however, that different styles exist as do Citation Styles and this answer is based on the most rudimentary of said styles.
I'm not sure I believe its mark up or supply and demand
Managers get things done through other people. They make decisions, allocate resources and direct the activities of others to attain goals.
Managers oversee the work being done by an organization and communicate what needs to be done down through the appropriate channels. Managers have a very important role in how an organization operates because they keep everyone on track with what needs to be done.
