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Serggg [28]
3 years ago
6

The gross increases in retained earnings attributable to business activities are called

Business
1 answer:
insens350 [35]3 years ago
3 0
They are called revenues.
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The extent to which the income from individual transactions is affected by fluctuations in foreign exchange values is known as
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<span>The extent to which the income from individual transactions is affected by fluctuations in foreign exchange values is known as Transaction Exposure.</span><span />
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Bob lives in Miami and runs a business that sells guitars. In an average year, he receives $793,000 from selling guitars. Of thi
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Answer and Explanation:

The identification of each transaction as an explicit cost or implicit cost is as follows

a. It is an explicit cost as the cost would be paid to the factors of production

b. It is also an explicit cost as the cost would be paid to the factors of production

c. It is an implicit cost as it is considered to be the hidden cost

d. It is also an implicit cost as it is considered to be the hidden cost

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3 years ago
Address You, a fancy dress manufacturer, sold a dress for $8,000 on credit. The cost of producing this dress was $1,000. First,
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Answer:

It will affect the accounting equation in $7.000.

Explanation:

The Assets will increase in $8.000 because Address You now have the right to claim to a customer $8.000 and is recognized in the Receivables. At the same time, Address You has to diminish its inventories at $1.000, because it delivered the dress to the customer. Finally, on the other hand, the profits for selling the dress ($8.000 - $1.000) affect the equity, and now the Accounting equation is balanced.

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3 years ago
Which one of the following is a source of cash? Select one: A. Decrease in inventory B. Increase in fixed assets C. Decrease in
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Answer:

A. Decrease in inventory

Explanation:

A decrease in inventory means that inventory is being sold therefore there is consequently a increase in cash.

4 0
3 years ago
This is a sum of numbers that accumulates with each iteration of a loop. A. Running total B. Final total C. Grand finale D. Gall
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Answer:

The correct answer is A. Running total.

Explanation:

The accumulated total can be expressed as a numerical value or a percentage. In Reporter reports, you can calculate a cumulative total for more than one category.

For example, you can create a report that shows the income for each of the last four quarters. The accumulated total will show the total income at the end of each quarter. If you add a cumulative total as a percentage of the total sold, you can see the percentage of year-round sales achieved at the end of the quarter.

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