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andreev551 [17]
3 years ago
5

A business will construct its financial statements in a particular order because they are interrelated. This means that items fo

rmulated in an earlier statement feed into the subsequent statements, and changes to items on one financial statement can have compounding effects on the overall financial position of a company. Which of the following is one reason the statement of owner's equity is prepared after the income statement?
a. Retained earnings are computed on the income statement.
b. Net income is the beginning retained earnings amount.
c. Retained earnings is really an asset.
d. Net income is part of the computation for ending retained earnings.
Business
1 answer:
Blizzard [7]3 years ago
7 0

Answer: d. Net income is part of the computation for ending retained earnings.

Explanation:

In the statement of owner's equity, Retained earnings are calculated and it is done with the Net Income. This is why when the net income is calculated from the Income Statement it is transfered to the SOE and used to calculate Retained Earnings.

Retained Earnings are calculated by the formula,

Ending Retained = Opening Retained Earnings + Net Income (losses) - Dividends

Net income is added to (or subtracted from if it is a Net loss) the Opening Retained earnings balance. Net dividends are also subtracted.

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A retail company sells products such as agricultural produce and consumer products. The company procures materials from farmers
mojhsa [17]

Answer:

Inbound logistics

Explanation:

Inbound logistics is the process of obtaining raw materials, and other goods and services, to the firm, while outbound logistics is the process of delivering the final goods and services from the firm to the customers.

In this case, the retail company is engaging in inbound logistics because it is procuring the raw materials from local farmers. Once these materials reach the firm, it can transform them into the agricultural produce and consumer produce that it sells.

5 0
3 years ago
What entrepreneurship activities could you engage in that
Nady [450]

Entrepreneurship activities should you interact in that would beautify the mastering reviews you're gaining to your training on campus or online:

whilst getting to know to turn out to be marketers, we should usually select to construct upon new possibilities, community, search for mentors to research from them as well as brainstorm new thoughts on every occasion we have the time to interact in it.

An entrepreneur is a person who creates a new commercial enterprise, bearing maximum dangers and taking part in a maximum of rewards. The method of setting up an enterprise is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a supplier of the latest thoughts, items, services, and enterprises/or methods.

Entrepreneurship is the advent or extraction of monetary fees. With this definition, entrepreneurship is considered as an exchange, normally entailing a threat beyond what is usually encountered in starting a business, which may additionally encompass different values than sincerely monetary ones.

Learn more about entrepreneurs here: brainly.com/question/353543

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4 0
2 years ago
When financing a car, you must pay ___ on the amount borrowed.
goldfiish [28.3K]
The answer is interest. whenever you take a car loan from a bank or a financial institution, you always have to pay interest on the amount borrowed or the principal amount. the interest is how the financial institution or bank will earn through lending money
7 0
3 years ago
A tenant occupying 20,000 square feet in your building has two years remaining on their lease. You have a good relationship with
user100 [1]

Answer: $315000

Explanation:

From the information given in the question, the gross rental income that one will expect to receive for this space in the year after the lease expires goes thus:

= [(75% x 15) + (25% x 18)] x 20,000

= [(0.75 × 15) + (0.25 × 18)] × 20000

= (11.25 + 4.5) × 20000

= 15.75 × 20000

= 315,000

Therefore, the gross rental income is $315000

4 0
3 years ago
At Parks and Helms Designers, a group of architects are developing the first drawings for a proposed multiuse office development
Svetlanka [38]

Answer:

The correct answer is (E)

Explanation:

Parks and helms designers have organised a project team, and it is a group where individuals work together to achieve a common goal. Such individuals usually have various capabilities and are held by the manager to exercises for a similar venture.  A manager can separate the group into sub-groups according to the needs of a project.  Generally, such groups are developed to finish a task in a limited time frame.

5 0
3 years ago
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