Answer:
The answer is D. have already been reinvested in the firm
Explanation:
Retained Earning is that part of income or profit that was not distributed out as dividend.
It is retained to grow the business or make the business bigger. It is part of shareholder's equity.
Option A is wrong. It doesn't increase with operating income. It depends on dividend policy and the net profit
Portfolio of shares
Or Index of shares
Answer:
$112,500
Explanation:
July August September October
Credit Sales(90000*75%) 67,500
(110,000*75%) 82,500
(120,000*75%) 90,000
Cash Sales (120,000*25% 30,000
<em>Total Cash expected to be collected in September will be;</em>
Credit Sales of August $82,500
Cash Sales of September $30,000
Total cash expected to be collected in September =$112,500
Answer:
.d. uses a perpetual inventory system.
Explanation:
The company determiantes the cost of good sold and therefore; their invneotry balance after each purchase, return, allowance, discount or freight are perform. It doesn't use in-between account like freight-in purchase discount, purchase returns and others. It determinates the inventory each time the account is used in a transactions rather than a year-end adjustment with the net purchases
Answer:B. mission statement
Explanation:A mission statement is a statement that is short and outline the purpose of an organization , their overall goals and why they operate , their product and services , and the fundamental values that drives that company and what they vision is for their future. This statement is the clear direction to the employees on what the company aims to accomplish and and it make it clear to the employees what is the purpose of the company.
