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PolarNik [594]
3 years ago
13

Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2012–2021

. Volunteers began operations in 2013, while Raiders began several years earlier. Required: Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated by a minus sign.)
RAIDERS IN VOLUNTEERS INC. (5 in millions) (5 in millions) Net Retained Net R etained Income (Loss) Earnings Income (Loss) Farnings $ 0 5 30 $ 10 15 (58) Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 ces 120 15 (146) 562 3441 345
Business
1 answer:
photoshop1234 [79]3 years ago
8 0
Ong what/ what grade r u in OkJhYauaiaoa like whooooOoOO
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A law firm received $2,500 cash from a client for legal services to be rendered in the future. The full amount was credited to t
Savatey [412]

Answer:

D.

Revenues to be understated

Explanation:

Understated amounts indicate a reported amount is not correct and the reported amount is less than the true amount.

5 0
3 years ago
Line workers at a Virginia steel mill developed a new process that made the line safer. It went through only one level of manage
aleksandr82 [10.1K]

Answer:

B. Flattened management hierarchies.

Explanation:

In this scenario, the line workers at a Virginia steel mill developed a new process that made the line safer. The process went through only one level of management before it was approved by the vice president of operations. Hence, this is an example of a flattened management hierarchies.

A flattened management hierarchy can be defined as an organizational structure which eliminates a middle manager and allows the employees to be involved directly with the decision-making process.

Hence, by the removal of the middle management in an organization, the flattened management hierarchy creates a direct relationship between employees and the top executives of the company; thus, giving room for innovation and actions by employees in the decision-making process.

6 0
3 years ago
what happens when the price of a good increases holding everything else constant? producer surplus decreases consumer surplus de
Diano4ka-milaya [45]

Consumer surplus drops when a good's price rises while keeping everything else constant.

<h3>What is consumer surplus ?</h3>

Consumer surplus is a financial estimate of the benefits that consumers receive from market competition. When customers pay less for a good or service than they would be willing to, this is known as consumer surplus.It measures the extra benefit that consumers get from paying less for something than they would have been prepared to.

In order to quantify the social advantages of public goods like national highways, canals, and bridges, the idea of consumer surplus was created in 1844. It has been a crucial tool for welfare economics research and government tax policy development.

To know more, consumer surplus, visit :

brainly.com/question/29025001

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3 0
1 year ago
ints) During 2018, Falwell Inc. had 500,000 shares of common stock and 50,000 shares of 6% cumulative preferred stock outstandin
Butoxors [25]

Answer: $4.34

Explanation:

The net income for diluted earnings per share will be calculated as:

Net income: $2,500,000

Less: preferred dividend: $300,000

= $2,200,000

To calculate the number of shares goes thus:

Total shares of stock options = 10,000 × 20 = 200,000 shares

Proceeds = 200,000 × $29

= $580,000

Shares of treasury stock will be:

= $580,000/$30

= 193,333 shares

Net shares added will be:

= 200000 - 193333

= 6667

Tge total shares for the diluted earnings per share will now be:

= 500,000 + 6667

= 506,667

The diluted earnings per share:

= $2,200,000/506667

= $4.34

8 0
4 years ago
Why are there so many cell phone stores in bad neighborhoods?
frosja888 [35]
In my opinion, bad neighborhoods have a large amount of cell phone stores because the people in the bad neighborhood usually don't come across (or have for that matter) phones. And to see the 'cool' cellphones in person and to have the people sell it in person, the people in the bad neighborhood should want it more. And considering the modern generation we are living in right now, people like technology and want it, in the term 'humans as economical creatures', a human's want will never be satisfied, they will always want more. So, as I said, people and their families like technology, and all the cellphone sellers will come to the neighborhoods who will buy and want more, why would they sell in places where people already have cell phones, so they go to bad neighborhoods.

unless you mean 'bad' isn't 'not highly rich' then I don't know, but as a thirteen year old, I tried.
5 0
4 years ago
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