Answer:
Liabilities
Explanation:
Unearned revenues are written as liabilities in the balance sheet of a firm. They are regarded as liabilities because the revenue is still unearned. An example is advance rent payment.
It is a prepayment for a good or service that has not been rendered to the customer yet by the provider. The provider or seller now has a liability equal to the revenue they have received till they provide that service for which they were paid
Answer:
b. If a firm's assets are growing at a positive rate, but its retained earnings are not increasing, then it would be impossible for the firm's AFN to be negative.
Explanation:
AFN represents Additional Funds Needed and that whenever a company plans for expansion it should have resources, generally these are borrowed from outside.
So when the firm is growing positively it have profits with it and simultaneously if there is no increase in retained earnings then it means the company is distributing such profits as dividends, and in that case there will be a positive balance of AFN as, the funds are still needed even in case of profits.
Thus, in no manner the balance of AFN will be negative in this instance.
Answer:
The choices provided are:
True or False.
The answer is True.
Explanation:
The informal economy refers to the various set of economic activities, jobs, and workers that are not regulated by the government. Therefore informal labor refers to people who are self-employed, and usually in small unregistered enterprises. Informal workers also do no pay taxes on their earnings. For example, when someone makes lemonade at home, and sells outside an office building.
Therefore we can conclude that informal labor is part of every country's economy. Their activities may not be included in the calculation of GDP but it is well known to the Government that informal labor exists. The Government knows that people are engaged in one small business or the other as a means of making a living and also a way to avoid committing crimes to make ends meet.
Answer:
Option D. Supply chain planning system
Explanation:
The reason is that the supply chain planning system analyzes the growing demand and its implication on the manufacturing department and the supply chains. This helps the supply chain management to tackle these issues with better planning and emphasis on the supply chains.
Answer:
$76,320
Explanation:
Given that,
sales = $546,000,
costs = $295,000,
depreciation expense = $37,000,
interest expense = $15,000,
Tax rate = 32 percent
Profit before tax:
= Sales - cost - Depreciation - Interest
= $546,000 - $295,000 - $37,000 - $15,000
= $199,000
Profit after tax:
= Profit before tax (1 - Tax rate)
= $199,000 (1 - 0.32)
= $199,000 × 0.68
= $135,320
Therefore, the addition to retained earnings
= Profit after tax - Dividend paid
= $135,320 - $59,000
= $76,320
