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Pani-rosa [81]
4 years ago
14

All of the following statements regarding retained earnings are true exceptA. retained earnings represents a claim on cash.B. a

debit balance in Retained Earnings indicates a deficit.C. retained earnings is net income that a company retains in a business.D. some companies may restrict availability of retained earnings for dividends.
Business
1 answer:
-BARSIC- [3]4 years ago
8 0

Answer:

A) retained earnings represents a claim on cash.

Explanation:

Retained earnings are the accumulated profits that a company keeps that are left after dividends are paid. Retained earnings are the equivalent of a savings account for an individual. Retained earnings are shown in the balance sheet as part of owners' equity.

For example, corporation A had a net profit of $10 million during last year, and it paid dividends for a total of $4 million, its retained earnings for last year are $6 million.

Companies use retained earnings as money available for financing new or existing projects.

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Cable television is most associated with which competitive situation?
kogti [31]

The competitive situation that cable television are most associated with is pure competition.

<h3>Who are the cable television providers?</h3>

The T.V. providers are companies who offers the product of Satellite transmission television program. These providers faced a high competition in the cable tv industries.

Hence, the competitive situation that cable television are most associated with is pure competition.

Therefore, the Option C is correct.

Read more about T.V. providers

<em>brainly.com/question/6274210</em>

4 0
3 years ago
Which of the following statements is true of workbench memory? a. It has unlimited duration. b. Its capacity remains the same ac
Setler [38]

Answer:

E) It has limited capacity.

Explanation:

Our brain's workbench memory stores and encodes information so that it can  be stored as long-term memory, and eventually it can be retrieved and used in the future. Since it is something like an intermediate stage, it has limited capacity. The events that are held there and not stored in our long-term memory will be discarded.

3 0
3 years ago
Moss County Bank agrees to lend the Sandhill Co. $455000 on January 1. Sandhill Co. signs a $455000, 6%, 9-month note. The entry
FromTheMoon [43]

Answer:

See below

Explanation:

The journal entry for the issuance of the note proceed is shown below;

Cash A/c Dr $455,000

----------- To Notes payable A/c Cr $455,000

(Being the issuance as well as proceeds of the note that is recorded)

Cash account is debited because it is increasing and any increase in asset is debited. Also, the note will become payable which leads to increase in liability and an increase in liability is credited hence why note payable is credited.

• Note that other things like interest rate, duration are not considered because we were asked to pass the journal entry for the issues of notes not for any interest expense, reason why it was ignored.

8 0
3 years ago
ACB Manufacturing purchased $6,000 of merchandise inventory from a vendor on account with credit terms of 2/10 or n/30. Because
adoni [48]

Answer:

The answer is: Inventory cost is $4,900

Explanation:

ACB Manufacturing purchased $6,000 worth of merchandise with credit terms 2/10 or n/30. This means that if the company pays its debt within 10, it will receive a 2% discount.

It returned $1,000 worth of defective merchandise, decreasing its total debt to $5,000. Since ACB Manufacturing paid its debt within the first ten days, it got a 2% discount. It paid a total of $4,900 for the merchandise, so that should be its inventory cost.

4 0
3 years ago
Who is Bill Gates and where does he live or stay​
Firdavs [7]
Bill Gates (1955-), is a well-known American entrepreneur, investor. Gates launched Microsoft and has been on the Forbes since 1987. He was born and raised in Seattle, Washington and still currently lives in Seattle.
3 0
3 years ago
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