Answer:
The answer is C) the Work in Process account.
Explanation:
Manufacturing overhead is indirect costs incurred during the production and is added to Work in Process account in order to later fully and correctly account for Finished Good and Cost of Good Sold.
A) is incorrect because Cost of Good Sold account is derived from Finished Goods account.
B) is incorrect because only the direct cost incurred to Raw Material is added to Raw Material Account while Overhead is all the indirect cost ( depreciation, indirect material to name a few) that is not apply to Raw Material Account.
D) is incorrect because Finished Goods account is derived from Work in Process account.
I think it’s the third one - ....to measure the the phenomenon....
Answer:
The correct answer is: $46,875.
Explanation:
Retained Earnings are the portion of the company's net earnings that it does not payout to shareholders as dividends. The company keeps this money, reinvest it in the business, or uses it to pay out a portion of its debt. To see how much of its earnings a company has retained look at the Balance Sheet under shareholder's equity. Retained earnings are calculated using the following formula:
RE = BP + Net Income (or Loss) − C − S
Where:
RE = Retained Earnings
BP= Beginning Period RE
C = Cash dividends
S = Stock dividends
Then, in the example:
RE = $45,000 + $ 8,000 - $6,125
RE = $46,875
You understand life so this has to be 20 characters so hello
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