1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nina [5.8K]
3 years ago
8

Summarizes the changes in owner's equity for a specific period of time. reports the changes in assets, liabilities, and owner's

equity over a period of time. reports the assets, liabilities, and owner's equity at a specific date. presents the revenues and expenses for a specific period of time.
Business
1 answer:
ElenaW [278]3 years ago
6 0

Answer:

presents the revenues and expenses for a specific period of time.

Explanation:

The total revenues and total expenditures are reported in the income statement.  

When the total income exceeds total expenditure then the company earns net income And if the total income is less than the total expenditure then the company has a net loss.

This net income or net loss is shown in the retained earnings account statement.

You might be interested in
Franklin Electric is presently generating earnings available to common shareholders of​ $7.25 per share. The​ firm's income tax
Sphinxa [80]

Answer:

$1.45

Explanation:

First of all we need to know what is earnings available to common shareholders (EACS).

EACS is the part of earnings which is available to common shareholders after deducting preference dividend from net income after taxes.

We can understand the as follows

Net Profit after taxes $ xxxx

Less: Preference dividend (xxxx)

Earnings available to.common shareholders xxxx

From this amount is we divide number of common stocks / shares, we will get Earnings Per Share (EPS)

EPS = Earnings available to equity shareholders / number of common stock shares

Dividend Payout Ration to common stock (given) = 20%

It means the comapny is paying 20% of EPS to common stock holders and 80% of EPS is tthe retained earnings of the company

Hence dividend to common stockholder = Earnings available.to common shareholders × dividend payout ratio

= $7.25 × 20%

= $1.45

$1.45 is the dividend which company pay to common shareholders

3 0
3 years ago
On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four useful
Ymorist [56]

Answer:

$10,000

Explanation:

Depreciation is charged to every asset based on the life and usage of such asset.

Straight line depreciation method charges equivalent depreciation each year of the useful life of the asset.

Here, as provided straight line depreciation = \frac{Cost\ of\ asset\ - Salvage\ value}{Life\ of\ asset}

Here, cost of asset = $48,000

Salvage value = $8,000

Thus, numerator in fraction = $48,000 - $8,000 = $40,000

Useful life of the asset = 4 years

Therefore, depreciation expense for each year = \frac{40,000}{4\ years} = 10,000

It will be same for each year, therefore, depreciation expense for year 2 = $10,000

3 0
3 years ago
The work and/or assignments performed by employees are referred to as skills.<br><br> True<br> False
jeka94

I'd say that the answer is true

7 0
4 years ago
Read 2 more answers
How do I persuade people to buy my chocolates?
andreev551 [17]
BE A NICE AND AMAZING GUY :D
8 0
3 years ago
Outdoor Luggage Inc. makes high-end hard-sided luggage for sports equipment. Data concerning three of the company’s most popul
schepotkina [342]

Answer:

                                                       Ski             Golf           Fishing

                                                       Guard       Guard       Guard

selling price                                   $260         $330        $205

variable cost                                  $120          $180         $135

contribution margin                       $140          $150         $70

machine time                                 9 min.        12 min.      11 min.

lbs. of pellets                                  12              7                11

total machine time is the constraint in the production process

1a)

contribution margin per                 $933.33   $750         $381.82

machine hour

1b)

ski guard since its contribution margin per machine hour is much higher than the rest of the products

1c)

fishing guard since its contribution margin per machine hour is much lower than the rest of the products

2a)

                                                       Ski             Golf           Fishing

                                                       Guard       Guard       Guard

contribution margin per                 $11.67      $21.43       $6.36

lbs. of pellets

2b)

Golf guard since its contribution margin per lb. of pellets is much higher than the rest of the products

2c)

fishing guard since its contribution margin per lb. of pellets is much lower than the rest of the products

3)

Golf Guard ($150)

4 0
3 years ago
Other questions:
  • __________is a technique to group tasks among workstations so that each workstation has—in the ideal case—the same amount of wor
    9·1 answer
  • 1. The investment you make into a start=up company is also known as ____ .
    7·1 answer
  • A group of managers analyze both the internal strengths and weaknesses of their organization as well as the opportunities and th
    9·1 answer
  • A computer chip manufacturer claims that no more than 2 percent of the chips it sends out are defective an electronics company,
    14·1 answer
  • From the perspective of the parent corporation, contrast the tax consequences of a subsidiary liquidation under the general nonr
    10·1 answer
  • José spends most of his time thinking about Sheila, the love of his life. This had led to José neglecting his course work. From
    8·1 answer
  • Usiness-level strategies detail commitments and actions taken to provide value to customers and gain competitive advantage by ex
    6·2 answers
  • Tom, Mary and Jill have apartments in the same building. A security system for their building costs $750. Tom is willing to pay
    8·1 answer
  • The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop.The standard l
    7·1 answer
  • Using multiple cost drivers on a flexible budget report will generally ______. Multiple choice question.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!