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SOVA2 [1]
3 years ago
5

Retained earnings is a. The positive cash flows of a company. b. The net worth of a company. c. The owners' equity that has accu

mulated as a result of profitable operations. d. Equal to the total assets of a company.
Business
1 answer:
umka2103 [35]3 years ago
3 0

Answer:

The correct answer is letter "C": The owners' equity that has accumulated as a result of profitable operations.

Explanation:

Retained Earnings are the part of the company's net profits it does not pay out as dividends to shareholders. The company retains the money and reinvests it in the company, or uses it to pay off a part of its debt. To see how much profits a corporation has kept, look under the Shareholder's equity in the Balance Sheet.

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Why scarcity and choice are basic economic problems faced by every Society??
Ksju [112]
The basic economic problem is that of scarcity and choice. This is because people have infinite wants in the face of limited resources, therefore decisions have to be made. The basic economic problem ensures that every society has to decide what to produce, how best to produce it, and for whom to produce it.
3 0
3 years ago
A company has net credit sales of​ $1,200,000, beginning net accounts receivable of​ $290,000, and ending net accounts receivabl
7nadin3 [17]

Answer:

Days of receivable will be 75 days

Explanation:

We have given net credit sales = $1200000

Net account receivable at the beginning = $290000

And receivable at the ending = $201000

Average receivable =\frac{290000+201000}{2}=$245500

Now receivables turnover ratio =\frac{credit\ sales}{average\ receivable}=\frac{1200000}{245500}=4.888

Days of receivables = \frac{365}{4.888}=74.67=75days

8 0
3 years ago
Organic Ceramics produces large planters to be used in urban landscaping projects. A special earth clay is used to make the plan
Tpy6a [65]

Answer:

Direct material price variance

= (Standard price - Actual price) x Actual quantity purchased

= ($2.2 -  $2.10) x 80,000 units

= $8,000 (F)

Actual price = <u>Actual material cost</u>

                        Actual quantity purchased                                                                                                                                                                                                                                                                                                        

                     =  <u>$168,000</u>

                         80,000 pounds

                    =  $2.10    

Direct material quantity variance    

= (Standard quantity - Actual quantity used) x Standard price    

= (77,500 - 80,000)  x  $2.20

= $5,500(A)      

Standard quantity = 31 pounds x 2,500 planters = 77,500 pounds                                                                                                                                                                                                                                                                                                                                                                                                                                                      

                                                                                                                                                                                                                             

Explanation:

Direct material price variance is the difference between standard price and actual price multiplied by actual quantity purchased.  The actual  price is obtained by dividing the actual cost of material by the actual  quantity purchased.      

Direct material usage variance is the difference between standard quantity and actual quantity used multiplied by standard price.

The standard quantity is obtained by multiplying the standard quantity for each planter multiplied by the number of planter produced.                                                                                                                                                                      

3 0
3 years ago
Blue Chance Co. sells computers and video game systems. The business is divided into two divisons along product lines. Variable
slamgirl [31]

Answer:

ratio = 7 : 3  

Weighted average contribution ratio = 37 %

break-even point = $800,000

sales level = $560,000

Sales level = $240,000

Explanation:

Solution

we know here that contribution margin for computer is express as

contribution margin for computer = \frac{280000}{700000}

contribution margin for computer =  40%

and

Contribution margin for VG Systems is = \frac{90000}{300000}

Contribution margin for VG Systems is = 30%

so  

ratio = (40 + 30 ) : 30 = 7 : 3  

and

Weighted average contribution margin ratio are here

Weighted average contribution ratio = 40% × 0.7 + 30% × 0.3

Weighted average contribution ratio = 37 %

and

break even point in dollars are

break-even point = \frac{296000}{37}

break-even point = $800,000

and

sales level are here

sales level for computer  = 800000 × 70%  

sales level = $560,000

and

Sales level for VG systems: 800000 × 30%

Sales level = $240,000

7 0
3 years ago
Samson is an engineer at Ket Technologies. Samson sends daily reports about his work to Bryce, his team leader. Bryce reports th
likoan [24]

Answer:

The correct answer is .A) bureaucratic

Explanation:

A bureaucratic organization is very organized with a high degree of formality in the way it operates.

3 0
2 years ago
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