Answer:
Swifty Corporation
Retained Earnings Statement for the year ended December 31, 2017:
Net Income $15,787
Retained Earnings, January 1, 2017 17,000
Less Dividends (5,500)
Retained Earnings, Dec. 31, 2017 $27,287
Explanation:
a) Data and Calculation:
Service Revenue $36,300
less expenses:
Salaries and Wages Expense $14,700
Insurance Expense 1,830
Rent Expense 3,810
Supplies Expense 1,410
Depreciation Expense 800
Total expenses $22,550
Net income is supposed to be $13,750 and not $15,787.
The Retained Earnings Statement is prepared with the given net income of $15,787. It shows the movement in earnings and distribution to stockholders.
Answer:
1. The slope is negative.
2. 0.81
Explanation:
The slope of the regression line is definitely negative
A linear equation has its regression line as
T = a + bc
The slope of the regression line is known as b.
From the question, b = -0.9
Therefore the slope of the regression line is negative.
B. Coefficient of determination = r²
r =(-0.90)
r² = 0.81
Answer:
The correct answer is c) A statement that expresses each account on the balance sheet as a percentage of total assets
Explanation:
A common- size balance sheet is a statement that expresses each account on the balance sheet as a percentage of total assets
In other words, it is a balance sheet that shows the numeric value in a separate column of the relative percentages of total assets, This is useful for comparing the proportions, total liabilities and equity accounts between companies.
Answer:
Just like a job, Entrepreneurship is one of the option to generate income.
The thing that differentiate Entrepreneurship and a Job is the potential risk and benefits. Entrepreneurship tend to have higher risk of failure compared to a job. But, it also possess the higher potential of income.
If you don't get a job and want to turn to entrepreneurship, the first things you need to get are ideas & Capital.
Ideas determine the type of business that you want to make along with marketing strategy and market market. Your capital is the resources that you need to make your ideas into reality.
Capital could be obtained from Loan, savings, or investment.
For example, One of the sector with lowest Capital is Software , internet content, or digital marketing. But you have to have enough skill in coding or art. you can Find the learning resources for practically zero cost online.
Richard Stallman was the free software foundation to promote open development.
Have a good day! :D