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lyudmila [28]
3 years ago
11

2. “A company’s net income appears directly on the income statement and the owner’s equity statement, and it is included indirec

tly in the company’s balance sheet.” Do you agree? Explain.
Business
1 answer:
Anton [14]3 years ago
6 0

Answer:

Yes, I agree with the statement

Explanation:

I agree with the statement which states that the net income of the company as well as the statement of the owner's equity both included indirectly in the balance sheet of the company. As balance sheet is the statement which states the financial position or performance of the company at a particular or specific time period.

Because the net income is the result of income statement and directly shown in income statement whereas owner's equity is the capital of the business states in balance sheet. Net income is already included in retained earnings which means shown indirectly in the balance sheet.

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The following amounts represent totals from the first three years of operations. Calculate the balance of Retained Earnings at t
puteri [66]

Answer:

$2,600

Explanation:

         Statement of Retained earnings

                                            2019      2020       2021

Beginning balance                $0         $1,000       $500

Add: Net Income (Loss)      $1,200    ($500)       $2,300

Less: Dividends                  $200        $0           $200

Ending balance                 $1,000      $500       $2,600

Note: The ending balance of each year is c/f as beginning balance for the subsequent year

3 0
3 years ago
Kuzma​ Foods, Inc. has budgeted sales for June and July at $ 680 comma 000 and $ 765 comma 000​, respectively. Sales are 85​% ​c
Feliz [49]

Answer:

$195,075

Explanation:

The computation of the budgeted account receivable balance as on July 31 is shown below:

= July budgeted sales × credit sales percentage × following month percentage

= $765,000 × 85% × 30%

= $195,075

We simply multiplied the July budgeted sales with the credit sales percentage and the following month percentage so that the budgeted account receivable balance could come

6 0
3 years ago
Allison Corp. has just issued preferred stock with an annual dividend of​ $0.85. The preferred stock is currently selling for​ $
SCORPION-xisa [38]

Answer:

The return or yield on this preferred stock is 4.53%.

Explanation:

The yield is the effective rate of interest/dividend you receive on a preferred stock based on the current price at which the stock is trading at. Thus the formula for yield on a preferred stock can be written as:

Yield or return on preferred stock = Dividend / Current share price

Yield = 0.85 / 18.75  =  0.0453 or 4.53%

6 0
3 years ago
No links please
Inessa [10]

Answer:

hey im sorry your going through this, i know what its like.

Explanation:

to know that your parent almost did something like that to you is awful to think about. it can be really scary and your going to want to hide your true feelings/self from them so that they won't do something like it again. in the end, you can't control their actions, but im not saying this to invalidate you.

as for a way to cope with it, you can write a letter to them that you won't actually send. its just a way to let your feelings out without the reaction your parents might give you.

if you need more ways to cope, i can give you some more that might work.

i hope this helps :)

8 0
3 years ago
Read 2 more answers
3. Which of the following statements is true of closing techniques? Group of answer choices A. Customers make a buying decision,
mina [271]

Answer:

A. Customers make a buying decision, rather than the salesperson closing the sale

Explanation:

When practicing closing techniques, sales person is advised to not 'forcing' or 'push' the customers to buy their products.

They're advice to make their products seems valuable. sales person need to analyze the things that the customers might need/like and somehow fit their products in order to cater to that need/like.

This is why the goal of closing techniques is focused on  influencing Customers make a buying decision that beneficial for them.

6 0
4 years ago
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