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nirvana33 [79]
3 years ago
13

Define business systems​

Business
1 answer:
cupoosta [38]3 years ago
7 0

Answer:

<h3>In business terminology, a business system refers to the value-added chain, which describes the value-added process, meaning the supply of goods and services. A business can span one or several business systems. Each business system, in itself, generates economic benefit.</h3>

<h2>hope it helps.</h2><h2>stay safe healthy and happy...</h2>
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3 years ago
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Answer:

                                                                        $

Net income                                               100,000                                                                                                

Less: Dividend paid                                  <u>70,000</u>

Retained earnings for the year               <u> 30,000</u>

Statement  of Retained earnings for the year ended December 31, 2018

                                                                         $

Retained earnings on January 1, 2018       115,000

Add: Retained earnings  for the year         <u>30,000</u>

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Explanation:

In this case, we need to calculate the retained earnings for the year, which is net income minus dividend paid. Then, we will add the retained earnings for the year to retained earnings at the beginning of the year. This gives the retained earnings at the end of the year.

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