Complete/Correct Question:
The account that is brought up to date after the closing entries have been journalized and posted is the ____.
A. Sales account
B. Purchases account
C. Capital Stock account
D. Retained Earnings account
Answer:
D, retained earnings account
Explanation:
Retained earnings can be defined as the accumulated income of a firm, that is retained by firm, after a certain period of time. After a certain time could be after the reporting period.
Simply put, retained earnings can be said to be the amount of income that a firm keeps after a period such as declaring financial reports.
The retained earnings is always reported and recorded in the stakeholder's equity and the company's balance sheets respectively. Retained earnings signify or represent how much of its profits a firm has reinvested itself.
Cheers.
Answer:
$45
Explanation:
A surplus is when income exceeds expenses.
One year has 52 weeks. If one week was unpaid leave, then payments were received for 51 weeks.
Average payments per week = $615
Total earning per week =$615 x 51
=$31,365
The total expenses for the year were $31,320. The surplus amount will be income minus expenses
= $31,365 - $31,320
=$45
Yess i need help on this too
The three basic questions asked are:
1. What goods and services should be produced?
This is asked because the economy wants to produce what the consumers want or else the resources aren't being used efficiently since resources are scarce.
2. How should we produce them?
This is asked because the producers don't want to spend unnecessary time or money on production, so they must choose wisely what method of production is best for their company and consumers.
3. Who are the consumers?
This is asked because the producers want to make sure that they are targeting the right people with advertising or selling.
Hope this helped!
~Just a girl in love with Shawn Mendes
Answer:
Products that have neither immediate appeal nor long-run benefits
Explanation:
A product represents a bundle of utilities created by a producer to satisfy a want.
A deficient product as the name suggests, would refer to such products which are deficient in attributes that represent a customer want and the ones which fail to satisfy customer wants.
Those products who do not conform to a particular quality standard or whose performance is below par as per customer expectations would be termed as deficient products.
Sometimes, organizations deliberately create deficient products so as to induce repurchase of subsequent products depicted as improvements over the previous ones.
Such products lack current appeal and are neither expected to accrue to long term benefits.
