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nadezda [96]
3 years ago
14

The financial statements of a company are the primary sources of information that enable us to communicate the financial results

​ ________.
Business
1 answer:
maks197457 [2]3 years ago
4 0

Answer: both internally and externally

                     

Explanation: In simple words, financial statements refers to the group of reports and statements that are prepared by an organisation for communication its financial performance and postilion to its internal and external stakeholders.

It constitutes balance sheet, cash flow statement and income statement etc.

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An employee earns $5,550 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,400
Klio2033 [76]

Answer:

$4,713.425

Explanation:

The computation of amount of net pay for the employee for the month of January is shown below:-

Deductions = (Gross earning × Social security tax rate) + (Gross earning × Medicare tax rate) + Federal income taxes + Health insurance + Contribution of retirement plan

=  ($5,550 × 6.2%) + ($5,550 × 1.45%) + $184 + $152 + $76

= $344.1 + $80.475 + $184 + $152 + $76

= $836.575

Net pay = Gross earning - Deductions

= $5,550 -  $836.575

= $4,713.425

Therefore for computing the net pay we simply applied the above formula.

3 0
3 years ago
a company has a retained earning statement that shows that it did not pay a dividend to shareholders last year. this may lead a
kumpel [21]

According to a company's retained earning statement, it did not distribute a dividend to shareholders last year. A potential investor might draw the conclusion from this that management might be concentrating on a growth strategy.

<h3>Enlist the types of dividend.</h3>

In general, a dividend is viewed as a cash payment made to the owners of firm stock.

  • Of all the dividend forms, cash dividends are by far the most prevalent. The board of directors decides to pay a certain dividend amount in cash to shareholders who held the company's stock on the day of declaration.
  • A stock dividend is the free distribution of common shares by a firm to its common shareholders.
  • Scrip dividends, which are effectively promissory notes (which may or may not include interest) to pay shareholders at a future date, are sometimes issued by companies that may not have enough cash on hand to pay dividends in the near future. A note payable is created by this dividend.
  • A liquidation dividend is declared when the board of directors wants to return the capital that shareholders initially invested as a dividend. This action could signal that the company will eventually close.
  • An organization may choose to distribute a non-cash dividend to investors rather than paying out in cash or stock. Record this distribution at the assets that were distributed's fair market value. The fair market value of the assets is probably going to differ significantly from their book value, thus the corporation will probably record the difference as a gain or loss. This accounting rule may occasionally cause a company to purposefully pay property dividends in an effort to change its reported and/or taxed income.

To know more about, dividend, visit :

brainly.com/question/2960815

#SPJ4

4 0
1 year ago
Reasons for the high cost of many application packages​
sdas [7]

Answer:

Poorly designed materials storage and packaging lines. Long packaging process times. Paying for box dimensions rather than product dimensions. Ineffective packaging materials that allow damage. Inefficient manufacturing models. Failing to optimize packaging.

4 0
3 years ago
Read 2 more answers
From an economic perspective, a student’s decision to go to the movies instead of studying for a test indicates that in the stud
shepuryov [24]

Answer:

It  means that the  marginal cost of going to the movies is less than the marginal benefit of going to the movies.

Explanation:

If the student chooses to go to the movies, it means that he thinks he has less to lose when he foregoes studying for a test. Even though logically it may appear that the latter would be a better option, according to him, the 2 or so hours at the movies would provide an extra value like if he went with a family member who he cares about. That probably beats the cost of staying up late to revise for the test.

6 0
3 years ago
After the amount due on a sale of $28,000, terms 2/10, n/eom, is received from a customer within the discount period, the seller
pishuonlain [190]

Answer: Please see explanation column for answers

Explanation:

A) Amount refund owed to customer=

Sale of item - discount on item

=$28000- ($28000 x 2%) = $27,440

B)Journal of the entries made by the seller to record  refund

Dr Sales Returned and allowances - $28,000

Cr Sales Discount $560

Cr Cash $27,440

c)  Journal of the entries made by the seller to record  return of merchandise

Cr Merchandise Inventory-$16,800

Dr Cost of Merchandise  Sold -$16,800

5 0
3 years ago
Read 2 more answers
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