Answer:
Retained earnings is the amount of net income left over for the business after it has paid out dividends to its shareholders. The decision to retain the earnings or distribute them among the shareholders is usually left to the company management.
Explanation:
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Answer:
1. Damaged or obsolete goods are not counted in inventory if they cannot be sold.
2. If these can be sold… Cost should be reduced to Net Realizable Value
Explanation:
The law relating to the valuation of inventory is that ''inventory should be valued at lower of 'Cost' and 'Net Realizable Value'.
Therefore in the case of damaged or obsolete goods, they have to be eliminated from inventory, otherwise it will lead to overvaluation.
However in the case where these can be sold, They have to be valued at lower of 'cost' or 'salable value', implying that 'Cost' should be reduced to 'Net Realizable Value'
Absorption costing is a managerial accounting method for capturing all costs associated with the manufacture of a particular product. Absorbed cost, also known as absorption cost, is a Contribution Margin accounting method that includes both the variable and fixed overhead costs of producing a particular product. Knowing the full cost of producing each unit enables manufacturers to price their products.
Contribution Margin per unit = Contribution Margin / Units Sold
Contribution Margin per unit = $1,424,000 / 8,900
Contribution Margin per unit = $160
Breakeven Point in units = Fixed Costs / Contribution Margin per unit
Breakeven Point in units = $1,360,000 / $160
Breakeven Point in units = 8,500
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Answer:
The answer is C.
Explanation:
Complementary goods are goods that are consumed together as a pair. They are mostly not consumed alone. If you buy one, you must buy the other. Example, bread and butter.
The answer to the question is C. a decrease in the price of one will increase the demand for the other.
For example, bread and butter are complements. If there is an increase in price of butter, other things remaining equal, there will be a decrease in the quantity demanded of bread. And since the demand of bread has reduced, the demand for its complement, butter too will decrease and vice-versa
It is at the contract stage of the consulting process that the consultant and client come to an agreement on what work will be performed, which corresponds to a formal agreement on whether to proceed with the work.
<h3 /><h3>Contract features</h3>
Corresponds to a legal document that establishes the consensual will of two or more parties on a given situation or object, where all the rights and obligations of both parties are exposed.
Therefore, to be a valid contract, it must contain an offer, consideration, legal relationships between the parties involved, which must be in full contractual capacity and in accordance with legality.
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