Answer:
Dividends - <em>Statement of Changes in Retained Earning</em>
Dividends are payments to shareholders from a company's net income. They are derived from the Statement of Changes in Retained Earning because this is where Net Income is sent to. After they are deducted from Retained Earnings, the Earnings form part of Equity.
Differed Revenue - <em>Balance Sheet</em>
Differed Revenue refers to money that was received from a customer or client for goods and/or services that have not yet been delivered. The business will treat them as a liability until they are delivered so they will go under Current Liabilities in the Balance Sheet assuming they are to be fulfilled in 12 months or less which is usually the case.
Service Revenue - <em>Income Statement</em>
These are revenue that the business earns for providing a service when their main source of revenue is by selling goods. It is listed in the Income Statement just after Revenue and is added to Revenue to get Total Revenue.
Price is amount expected for product, cost is estimated price, opportunity cost is loss of potential gain from alternatives.
Answer:
Deep Recession - HEALTH CARE
Healthcare are not really affected by the economic cycle because humans will always need healthcare. Even in a deep recession therefore, Health Care would still thrive.
Superheated Economy - STEEL PRODUCTION
Steel production benefits from a superheated economy because more steel would be needed for production and building projects and it will therefore be in high demand making this industry quite lucrative in a Superheated economy.
Healthy Expansion - HOUSING CONSTRUCTION
Mild inflation means mild interest rates as well and with a rising GDP and low inflation, people are able to get more loans for construction and so Housing construction would do best in such an economy.
Stagflation - GOLD MINING
In such an economy where inflation is high and probably rising, gold and other precious minerals like silver tend to do well because they are considered safe haven assets in that they will increase in value when there is inflation but rarely fall past a certain value when there isn't.
Answer:
Working capital
Explanation:
is understood that Assets are more than the External liabilities and there is a positive difference between the two. ... When your Total Assets are more than your total outside liabilities, this indicates that your company is solvent
Answer:
Warranty Expense $3,600 (debit)
Warranty Provision $3,600 (credit)
Explanation:
There is no option on the customer to take the warranty or not.Thus, this type of warranty is called an Assurance type Warranty.
Assurance type Warranties are treated in terms of IAS 37 Provisions as follows :
Warranty Expense $3,600 (debit)
Warranty Provision $3,600 (credit)
Warranty Expense = $120,000 × 3% = $3,600