Answer:
The correct answer is c. Amount of net income retained in the business.
Explanation:
In any administration of a company, financial information is important and necessary as it is the basis for a good decision, so that the decision taken is sufficient and timely for executives. Financial management is the information that accounting accounts because it is essential for the decision making of the company.
The financial analysis aims to obtain conclusions about the future of the development of the company's activity, on which it is based on all the information presented in the financial statement and requires an analytical ability.
The need for this information ensures that the financial statements are made, since with the financial statements, the financial situation, results of operations and changes in the company's situation are expressed.
The importance of the financial information of a company, formulates the conclusions and information of the entity, of how it is. With this information in general, the future of the company can be evaluated and decisions made, with which the company benefits.
Answer:
Selling price= $79.17
Explanation:
Giving the following information:
Direct materials cost $43
Direct labor cost $11.30
Variable overhead cost $ 5.30
Fixed overhead cost $ 1.30
Target markup 30 %
<u>The absorption costing method includes all costs related to production, both fixed and variable.</u> The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
Unit product cost= 43 + 11.3 + 5.3 + 1.3= $60.9
<u>Now, the selling price:</u>
Selling price= 60.9*1.3
Selling price= $79.17
Answer:
The answer is letter D.
Explanation:
A partner withdraws from a partnership by selling her interest to another person who currently is not associated with the firm. As a result of this transaction, the capital account balance of the other partners in the partnership wil remain the same.
It is a false statement that a financial accounting focuses on the needs of external users who get accounting information from general-purpose financial statements.
<h3>Who are
external users of financial accounting?</h3>
An investors is the most common external users of financial statements because they make and assess their investment decisions by using relevant financial information in a company's financial statements
But external users of financial accounting such as shareholders, boards also uses the financial accounting, therefore, It is a false statement that a financial accounting focuses on the needs of external users who get accounting information from general-purpose financial statements.
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Answer:
Following are the responses to the given question:
Explanation:
- In point a, it is false because the ownership of a stock owned by shareholders is directly adaptable by sale.
- In point b, it is false because the corporate bosses have no responsibility. A corporate company is an organization
- In point c, it is true because This company is going on a broad-based business. Its necessary capital is enormous but is obtained from three sources.
- In point d, it is true because the company money is calculated twice in normal conditions, except for where tax-deductible is declared for both the dividends in shareholders' hands.
- In point e, it is true because Its company's legality is distinct from those of its owners. That both companies, as well as the owner, are separate legal entities. Firms have a common seal as well as their titles.
- In point f, it is false because UNLIMITED was its life of corporates and the foundation of the 'Moving Concern' idea.
- In point g, it is true because the actual owner isn't a business agent. They're only the owner that gives money.
