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3 years ago

Which of the following terms best describes the cumulative value of net income or loss not taken out of the business?

Business

1 answer:

Ket [755]3 years ago

8 0

Answer:

(D) earned capital

Explanation:

Earned capital is a company's net income which is maintained as a strategic decision. The organization decides to not distribute the earnings to investors and save the money for future investments, for example. This type of decisions are usually taken by enterprises on the first stages of the business ir order to accumulate capital for future plans.

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After the sixtieth day, before a bill can be considered on the floor of the house (other than local and emergency bills), a four

serg [7]

Answer: A four-fifths vote is required to ensure that the majority of the people involved want the change or bill to occur. This protects people's rights.

Hope this helps! :)

Explanation:

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3 years ago

Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. Sal

Umnica [9.8K]

Answer:

Part 1

JANSEN COMPANY

Departmental Income Statement—Ski Department

Sales $605,000

Cost of Sales ($425,000)

Gross Profit $180,000

Direct Expenses

Salaries ($97,000)

Utilities ($11,000)

Depreciation ($32,000)

Other Expenses ($38,000)

Operating profit $2,000

Part 2

JANSEN COMPANY

Departmental Contribution to Overhead—Ski Department

Sales $605,000

Cost of Sales ($425,000)

Gross Profit $180,000

Direct Expenses ($140,000)

Contribution $40,000

Less Overheads

Salaries ($15,000)

Utilities ($3,000)

Depreciation ($10,000)

Office Expenses (20,000)

Total Overheads $48,000

Contribution to overhead $40,000 : $48,000

Part 3

No. Jansen should not eliminate the ski department because it is making a profit on it on (Contributing towards the company costs)

Explanation:

Hie, I have attached the full question as pdf below

If the department is making a loss on its own, it must be eliminated. Departments must make a contribution towards the costs of the company overall

Download pdf

7 0

3 years ago

List the characteristics typical of a c corporation

Svet_ta [14]

Answer:

The five main characteristics of a c corporation are:

limited liability: the owners' liability is determined by the amount of money they invested in purchasing the corporation's stock.
corporations are owned by stockholders: every single stockholder owns a piece of the corporation, the size of that piece is determined by the amount of stocks.
double taxation: owners of the corporation suffer from double taxation because first the corporation must pay corporate taxes and then the owners must pay income taxes when they receive dividends.
corporations are separate entities: corporations exist by themselves, they are born when they are created and die when they are dissolved.
corporations are professionally managed: the owners elect a board of directors and the board is responsible for hiring professional management.

Explanation:

3 0

3 years ago

A salesperson makes a large sale for which she is entitled to a commission. To avoid making the payment, the employer terminates

Nuetrik [128]

Answer:

breach of the covenant of good faith and fair dealing

7 0

3 years ago

Presented below is information related to Concord Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2

castortr0y [4]

Answer:

See the explanation for the answer

Explanation:

Year Inventory at Price Inventory at Change Dollar value

end of year Index base year from prior LIFO

price prices year inventory

$ $ $ $

2017 83,200 100 83,200 - 83,200

2018 145,934 131 111,400 28,200 120,142

2019 142,950 150 95,300 (16,100) 99,051

2020 161,696 163 99,200 3,900 105,408

2021 193,200 175 110,400 11,200 125,008

2022 227,698 181 125,800 15,400 152,882

Dollar value LIFO inventory :

December 31, 2017: $ 83,200 x 100 / 100 = $ 83,200

December 31, 2018 : $ 83,200 + $ ( 28,200 x 131/100) = $ 120,142

December 31, 2019 : $ 83,200 + $ ( 28,200 - 16,100 x 131/100) = $ 99,051

December 31, 2020 : $ 99,051 + $ 3,900 x 163/100 = $ 105,408

December 31, 2021 : $ 105,408 + $ 11,200 x 175/100 = $ 125,008

December 31, 2022 : $ 125,008 + $ 15,400 x 181/100 = $ 152,882

4 0

3 years ago