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: b. The real receipts of Star Wars were nearly two times greater than those for The Avengers.
Explanation:
Real reciept = (Dollar amount) ×( Ending-period CPI) ÷ (Beginning-period CPI)
Here, Receipt for Avengers in 2012 = $1,515.8 million
Receipt for Star wars in 1977 = $798.0 million
CPI in 2012 = 229.6
CPI in 1977 = 606
Now, Real receipt of Star wars in 2012 = $((798.0) × (229.6) ÷ 60.6)
=$ 3023.45 ≈ Twice of receipt for Avengers in 2012.
<em>[Twice of receipt for Avengers in 2012 = $3031.6]</em>
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Hence, the correct statement is b."The real receipts of Star Wars were nearly two times greater than those for The Avengers."
Answer:
b) $54,500
Explanation:
Beginning balance of raw material = $27,500
Ending balance was = $51,000
Purchases = $78,000
Direct cost of raw material is the net of the addition of the opening balance of raw materials and purchases less the closing balance. The manufacturing overhead cost is a mix of all the indirect cost incurred during production.
As such, the manufacturing overhead cost of $118,500 consisting of $3,500 consisted of raw materials would not be considered in determining the direct raw material cost.
Direct cost of raw material = $27,500 + $78,000 - $51,000
= $54,500
Answer:
Cost price formula = Cost + Profit
Explanation:
The Cost price formulas count two factors the gives price of product and services. The cost price formula has two factors cost of product and profit percentage that seller want to generate from specific product or services.
Answer:
The statement which is false is the no matter that whether perpetual inventory system or periodic system is used by company, but all the companies require to evaluate inventory quantities at the end of the accounting period.
Explanation:
The statement is false because the companies does not require to determine or assess the inventory quantities at each accounting period.
Therefore, the correct option is C.
