Answer:
Answer explained below
Explanation:
In order to prepare the statement of retained earnings, the balance of the RETAINED EARNINGS account balance as well as any debit balance in the DIVIDENDS account is transferred from the adjusted trial balance and is used along with the reported net income (loss) from the Income Statement.
NOTE:
Retained earnings refer to the net income accrued to a business after debiting its dividends to shareholders.
Answer:
The key driver behind Quick clean's strategic position is Option D: low-key input factors.
Explanation:
Strategic drivers help shape an organization. They can be forces both which are external and internal. External drivers can be like the competition of the firm, customer needs, taxes and so on. Internal factors may include profit goals, office politics, input which the organization is using to create its products and so on.
In the given scenario, Quick clean outsources its production to the manufacturers where the can get unskilled labor at low wages. Thus, it is their key driver as it helps them to get labor who take less salary, so their input cost is low and they are able to manufacture products and save the money they would use for workers who might more wages. Thus, 'Option D' is the most appropriate key driver.
Answer: $230,000
Explanation:
In our case,
Undiscounted future cash inflows from the sale of the product = $ 600,000 and
Carrying value of the asset = $ 720,000.
We can come to a conclusion that the benefit we get from the sale of the asset is less that carrying value.
Hence, the asset is said to be impaired.
Therefore,
Impairment Loss = Carrying value - Fair value of the asset
= 720,000 - 490,000
= $230,000.
Answer: External research
Explanation:
External research is referred to as or known as a research conducted when an individual does not have any prior knowledge or information about a commodity or product, which further leads the individual to seek data and information from the personal sources such as friends or family and also the public sources i.e. online forums or in other cases the marketer dominated source i.e. sales persons especially at times when an individual’s previous experience is known to be limited.
<span>In the example of the Magnira Corporation, the fruits are turned into jellies, jams, and marmalades an example of raw materials. Raw materials are basic, unprocessed materials that are used to manufacture goods. Raw materials are often referred to as commodities.</span>
