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Margaret [11]
3 years ago
7

The purpose of a statement of retained earnings is to: __________.

Business
1 answer:
marusya05 [52]3 years ago
4 0

Answer:

To determine the closing balance of retained earnings

Explanation:

First and foremost, retained earnings are an important part of the shareholders' equity. In a bid to ascertain the correct position of total shareholders' equity at year-end, it is important that a statement of retained earnings reconciling the opening retained with net income and dividends declared during the year is prepared.

The balance at the end of the year is the total accumulated earnings which have not been distributed to shareholders as dividends or which may be used to finance projects that increase shareholders' wealth

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If the exchange rate is 5 Egyptian pounds per U.S. dollar, a watch that costs $25 US dollars costs a. 125 Egyptian pounds b. 50
Anon25 [30]

Answer:

A. 125 Egyptian pounds

Explanation:

Let’s create a proportion using the following setup.

pounds/dollars=pounds/dollars

We know that 5 Egyptian pounds is equal to 1 dollar.

5 pounds/ 1 dollar= pounds/dollars

We don’t know how many pounds are in 25 dollars. We can say x pounds are in 25 dollars.

5 pounds / 1 dollar = x pounds/ 25 dollars

5/1=x/25

We want to find out what x is, so we need to get x by itself.

x is being divided by 25. The inverse of division is multiplication. Multiply both sides of the equation by 25.

25*(5/1)=(x/25)*25

25*5/1=x

25*5=x

125=x

$25 US dollars are equal to 125 Egyptian pounds. Therefore, the watch will cost 125 Egyptian pounds and choice A is correct.

5 0
3 years ago
Stocks offer an expected rate of return of 18% with a standard deviation of 22%. Gold offers an expected return of 10% with a st
AlexFokin [52]
No don’t think so but the rate goes lower
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3 years ago
Many small businesses choose to outsource their payroll activities to firms that specialize in providing payroll services. Dolor
natita [175]

Answer:

revenue cycle

Explanation:

Dolores Yu provides a payroll processing business. According to question, service has been rendered and now its time to collect bills for those service.

Since revenue cycle is capturing of bills and payment for product or service rendered. The work mentioned in the problem is part of revenue cycle.

5 0
3 years ago
A technician wants to boot from an esata external hard drive. which submenu item is used?
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<span>The first boot device option is used. In the startup of the computer, going to this menu will allow the user to select which device will be accessed first, second, and third. By doing so, the user can override the basic setting of the internal hard drive and have the system check the external drive first.</span>
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the federal reserve wants to increase the money supply in the money supply in the united states. What is the federal reserve lik
Sergeeva-Olga [200]
It'll reduce discount rates. 
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3 years ago
Read 2 more answers
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