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uranmaximum [27]
3 years ago
7

When preparing a journal entry for a transaction that affects retained earnings, the "Retained Earnings" account should not be d

ebited or credited. Instead, the account which ultimately affects retained earnings should be debited or credited. True or false?
Business
1 answer:
Studentka2010 [4]3 years ago
8 0

Answer:

True

Explanation:

As we know that the ending balance of retained earnings is computed by considering the following equation

= Starting balance of retained earnings + net income - dividend paid

Since the net income which is come by subtracting the expenses from the revenue and the dividend paid is debited or credited at the time of passing the journal entries instead of retained earning account because these above accounts are got affected.

Like expenses account are always debited while the income account are always credited

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g Cabal Products is a division of a major corporation. Last year the division had total sales of $10,333,500, net operating inco
timama [110]

Answer:

2.49

Explanation:

The division’s turnover is computed using the formula of turnover ratio. Divide the total sales portion of the division with the average operating assets that gives the division’s turnover.

Division Turnover= Sales / Average Operating Cost

DT= $10,333,500 / $4,150,000

DT= 2.49

The division's turnover is closest to 2.49

6 0
3 years ago
When an automobile manufacturer is careful to purchase only the highest-quality components for use in production, this is an exa
Kryger [21]

Answer:

The option for this question are the following:

A. Concurrent

B. Statistical

C. Inventory

D. Feedforward

The correctt answer is D. Feed forward.

Explanation:

Feedforward is the process by which feedback between company members focuses more on future possibilities. That is to say, it is not only about communicating but about doing it thinking about increasing the opportunities that the company has and will be able to have later.

The problem we had when we talked about feedback was that it focused on aspects of the past. Communication was thought of as something of the moment, without determining an intention to take it to another level. The ‘feed’ forward would come into play here.

What is intended with the feedforward is to establish links and ideas, so that teamwork makes business organization easier. Brainstorming and the sharing of solutions and aspects for the company mean that employees can aspire to a positive work future.

8 0
3 years ago
Read 2 more answers
Apple invented the modern smart phone but Android con trolled 80 percent of the world market in 2016 because of:__________.
timofeeve [1]

Answer:

Stimulus diffusion

Explanation:

In simple words, When a concept spreads from its historical flame outwards, the original thought is altered by the future followers which is known as stimulus diffusion. Given of the manner civilization adjusts to various environmental, economic, as well as political contexts, mostly all cultural evicting will include some form of stimulus dissemination.

Thus, from the above we can conclude that the correct answer is stimulus diffusion.

7 0
3 years ago
group of winning ticket holders share equally in a ​$35 comma 000 comma 000 lottery. Before the money is​ divided, two more winn
hoa [83]

Answer:

The answer is: The original group of lottery winners was made up of 5 people.

Explanation:

The total prize amount was $35,000,000 with each original winning ticket holder earning $7,000,000.

                    $35,000,000 / 5 = $7,000,000 for each winner

When 2 more winning ticket holders show up, the total prize has to be redivided to include them.

                     $35,000,000 / 7 = $5,000,000 for each winner

6 0
3 years ago
Taxes on goods with __________ demand curves will tend to raise more tax revenue for the government than taxes on goods with ___
san4es73 [151]

Answer:

Inelastic; elastic

Explanation:

Goods with inelastic demand curves tend to raise more government revenue compared to goods with the elastic demand curve. An increase in price does not affect the demand of inelastic goods and it remains the same, that is why, governments usually increase the prices of goods that have inelastic demand curve, for example, petrol and toll tax, etc.

7 0
3 years ago
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