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charle [14.2K]
3 years ago
5

The net increase or decrease in Retained Earnings for a period is recorded by closing entries.

Business
1 answer:
eimsori [14]3 years ago
8 0

Answer:

True

Explanation:

The net revenue or net loss would be expressed in the retained earnings account statement.

The computation of the ending retained earning balance is shown below:

The ending balance of retained earning = Opening balance of retained earnings + net income or net loss - cash dividend paid

These are the closing entries which are shown below:

Income summary A/c Dr

      To Retained earning

(Being the difference is credited to retained earning)

Retained earnings A/c Dr

       To Cash Dividend A/c

(Being dividend account is closed)

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The company's fixed costs that are traceable to the Northern branch is $175,000, while fixed costs that are traceable to the Sou
Lostsunrise [7]

Answer:

$18,050

Explanation:

The computation of the common fixed cost of two order types for the northern branch is shown below:

= Company fixed cost traceable to the northern branch   - traceable fixed cost for the local - traceable fixed cost for the non local

= $175,000 - $68,250 - $88,700

= $18,050

For computing it we simply deducted the traceable fixed cost from the company fixed cost so that the common fixed cost for the two orders types could come

The common fixed cost is the cost which supports more than the one division in the same business

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3 years ago
4) Identify the elements that are necessary to make a contract valid
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Answer:ss

Explanation:

6 0
3 years ago
Domain name extensions occur _____ the period in the domain name.
Shalnov [3]

Answer:

after

Explanation:

Domain name extension is a TLD or top level domain.

For google.com the domain name extension is 'com'

This comes after the period.

8 0
3 years ago
Read 2 more answers
In a newsvendor model where the demand has normal distribution, if Co < Cu, i.e., the overage cost is lower than the underage
mars1129 [50]

Answer:

maximum

Explanation:

The newsvendor model may be defined as the mathematical model which is characterize by the fixed prices as well as the uncertain demand for the perishable products. This model is mainly used to determine the optimal inventory level.

According to the newsvendor model, there is only one opportunity to order. The cost of buying large quantities of the products may result in disposing them or selling the products at a lower price.

The optimal ordering quantity is maximum when the underage cost is higher than the overage cost.

8 0
2 years ago
What is Average cost
Vladimir79 [104]
Arvrage cost is the total cost divided by the number of units.
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3 years ago
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