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lyudmila [28]
3 years ago
15

Keepers, Inc.'s balance sheet reported retained earnings as $10,000 at December 31, 2017 and $12,000 at the December 31, 2018. T

he income statement reported net income of $3,000 for the year ended December 31, 2018. Dividends declared for the year ended December 31, 2018 must equal $ .
Business
1 answer:
Aleks04 [339]3 years ago
3 0

Answer:

Dividends declared for the year ended December 31, 2018

must equal $ 12.000

Explanation:

Please see details below:

Retained Earnings Report  

Opening retained earnings $ 10.000

Add: Net Income $ 3.000

Subtotal $ 13.000

Less: Dividens -$ 1.000

Ending retained earnings $ 12.000

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Which of the following statements is correct concerning analytical procedures used in plan- ning an audit engagement?
nata0808 [166]

Answer:

b. They typically use financial and non-financial data aggregated at a high level.

Explanation:

The statement which is correct concerning analytical procedures used in planning an audit engagement is statement B  because the use of financial and non-financial data aggregated at a high level is commonly used during preliminary analytical procedures. Evaluations of financial knowledge gained by the research of PLAUSIBLE RELATIONSHIPS between both financial plus non-financial data. Typically use financial and non-financial data AGGREGATED AT A HIGH LEVEL, they are a Type of Audit Procedure as well as a Type of Evidence (usually practiced in alliance with different kinds of data) as the aforementioned that it is known as analytical procedures.

4 0
3 years ago
A student who lives on the fifth floor of Bates Hall is assigned to a new room on the eighth floor during her junior year. She h
Vilka [71]

Explanation:

There could be numerous possibilities that she might use in this situation:

* She can call an agency and pay it (Capital), so they will send the man force (Labor) from their own company.

* She can hire someone directly (Labor) for moving 14 Boxes from 5th floor to 8th floor.

* She can call someone from her floor (Labor) to help her with this task, and then afterwards, she can offer something, lunch, dinner or tea (by using Capital) in return.

5 0
4 years ago
A graph has quantity on the x-axis and price (dollars) on the y-axis. A demand line goes through (20, 60), (40, 45), (60, 30). A
vesna_86 [32]

Answer:

This answer is B

Explanation:

i used the answer given on here and got it wrong, its B on edge2020

6 0
3 years ago
Every month you need to generate and print a group of reports. You decide to display these reports in a batch. What should you d
Murljashka [212]

Answer:

<em>a. Select Process Multiple Reports from the Reports menu.</em>

Explanation:

Quickbooks enables you to print a batch of reports.

One might want to <em>print a series of monthly reports for your files using this function</em> (e.g. monthly Profit and Loss and Balance Sheet reports).

Because Quickbooks is unable to handle several Report Center files, one must start with the Report menu.

To start -  Select Multiple Reports from the Reports menu to show a report group.

4 0
3 years ago
A company begins a review of ordering policies for its continuous review system by checking the current policies for a sample of
Maru [420]

Answer:

Explanation:

Given that:

weekly demand = 72 units

no of weeks in 1 year = 48

Then; total demand = 72 × 48 = 3456 units

No of orders = \dfrac{\text{total demand }}{EOQ}

= \dfrac{\text{3456}}{145}

∴

The periodic review (P) = \dfrac{1}{no \ of \ orders}

= \dfrac{1}{\dfrac{3456}{145}}

= \dfrac{145}{3456}

= 0.041956 year

≅ 2 weeks

Z score based on 88 percent service level = NORMSINV(0.88) = 1.18

Here;

Lead time = 3 wks

P = 2 weeks

Thus protection interval = ( 3+2) weeks

= 5 weeks

Safety stock = z-score × std dev. of demand at (P+L) days

std dev = \sqrt{5 } \times 18 = 2.236 × 18

std dev = 40.248 units

Safety stock = 1.18 × 40.248

safety stock = 47.49 units

Safety stock ≅ 48 units

Average demand during(P + L) = 5 × 72 units

= 360 units

Target inventory level = average demand + safety stock

= 360 units + 48 units

= 408 units

3 0
3 years ago
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