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vlada-n [284]
3 years ago
15

Retained earnings: Group of answer choices

Business
1 answer:
Slav-nsk [51]3 years ago
3 0

Answer:

Retained earnings refers to:

D. The net losses and dividends declared since its inception of a company's cumulative net profit.

Explanation:

Retained earnings are referred as :

  • The overall earning the company have made till the present date.
  • This earning excludes the dividend money and the money of the investors distributed.
  • Whenever new records are made for the company this dividend money is readjusted.
  • This leftover money has an impact on the account related to the expense and revenue.
  • The retained earnings are built of the total income amount which has been given by a business after paying off the dividend to the shareholders.

So, here correct option is

D. The net losses and dividends declared since its inception of a company's cumulative net profit.

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A Machine makes 5 buttons at a time each doll shirt gets 5 buttons how many doll shirts can be finished with 5 buttons
Tems11 [23]

Answer:

1

Explanation:

If each doll shirt gets 5 buttons then only one can be finished with 5 buttons.

6 0
3 years ago
Which of the following statements regarding a balanced scorecard is correct? Multiple Choice A balanced scorecard includes non-f
Fynjy0 [20]

Answer:  All of these are correct answers.

Explanation: In simple words, Balanced scorecard refers to the strategic management system in which the organisational tries to communicate to the stakeholders what is their ultimate goal and what are they trying to establish.

In such a process, the managers of the organisation translate their mission statement relating to various aspects of customer service and declares their course of actions regarding the activities that really matters to the customers.

Hence from the above we can conclude that all the statements are correct in the given case.

4 0
3 years ago
Ed needs to take out a loan for $7,000 to purchase a car. His bank has offered him a loan at 10.0% interest, compounded monthly,
Evgesh-ka [11]
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8 0
3 years ago
Read 2 more answers
Entry for Issuing Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 103 P
romanna [79]

Answer:

Details below

Explanation:

For issuance of an entry a single transaction is recorded that is work in process account is debited and materials inventory account is credited. In subsidiary ledgers job numbers are debited. For indirect Materials factory overhead is debited.

The  given data is as follows.

Requisition No.            Material         Job No.             Amount

103                                 Plastic              400                 $ 2,800

104                                 Steel                402                    24,000

105                                 Glue Indirect   1,620

106                                  Rubber             403                   3,200

107                                 Titanium           404                    31,600

The entry for materials requisitioned will be

A compound entry can be passed. In this the subsidiary ledger is not included.

Sr. No                  Particulars                                 Debit           Credit                                            

                   Work In Process                             61600

                Factory Overhead                               1620

               Materials Inventory                                                 63200

The one with a subsidiary ledger would look like this.

Sr. No                  Particulars                                 Debit           Credit

                                                      (Subsidiary)

1                     Work In Process                           61600

                                                  ( Job No 400)   2800

                                                   ( Job No 402)   24000

                                                    ( Job No 403)   3200

                                                    ( Job No 404)   31600

                Factory Overhead                               1620

               Materials Inventory                                                 63200

This is combined entry but separate entries can be passed as well .

Sr. No                  Particulars                                 Debit           Credit

                    Work In Process                           61600

               Materials Inventory                                                 61600

Sr. No                  Particulars                                 Debit           Credit

                  Factory Overhead                               1620

               Materials Inventory                                                   1620

Sr. No                  Particulars                                 Debit           Credit

                           (Subsidiary ledger)                

                            ( Job No 400)                          2800

                           ( Job No 402)                            24000

                           ( Job No 403)                             3200

                            ( Job No 404)                            31600

               Materials Inventory   Plastic                                      2800

               Materials Inventory   Steel                                        24000

                Materials Inventory    Titanium                                3200

                Materials Inventory     Rubber                                31600          

In each of the entries above materials inventory is credited.

3 0
3 years ago
A new tax on gasoline causes a reduction in the purchase of new vehicles with poor fuel economy. This is an example of what type
Ugo [173]

Answer:

Option (C) is correct.

Explanation:

Negative Indirect.

This is due to the indirect affect of tax on the purchase of new vehicle because a new tax on gasoline reduces the consumers incentive to the buy the new vehicles. Therefore, it is a negative indirect incentive.

Also, there is a fall in the number of cars or vehicles purchased because of the tax imposed on the gasoline.

7 0
3 years ago
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