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3 years ago

PLS HELP ASAP

1 answer:

5 0

Retained earning
Explanation:
A company's profits are distributed to shareholders as dividends, retained in the business for reinvestment, or both. Therefore, retained earning are profits that were not distributed to shareholders. They are funds that belong to owners but withheld for use in the business.
Retained earnings form part of a company's capital. It is money that shareholders have contributed to the business by not sharing in profits.

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In January, Stitch, Inc. adopted the dollar-value LIFO method of inventory valuation. At adoption, inventory was valued at $50,0

IgorC [24]

Answer:

$83,000

Explanation:

Calculation of the amount of inventory that Stitch should report in its year-end balance sheet

First step is to calculate for the 10% price increase

Increase price = ( $30,000 x 10% ) =$3,000

Second step is to add up the price increase to the amount of increase in inventory

$30,000 + $3,000 =$33,000

Hence, $33,000 will now be the increased in price inventory

Last step is to calculate for the amount of inventory that Stitch should report in its year-end balance sheet

Using this formula

Inventory to be reported = Valued of the Adoption inventory + Increase price Inventory

Where,

Adoption inventory value= $50,000

Increase price Inventory=$33,000

Let plug in the formula

Inventory to be reported = $50,000 + $33,000

Inventory to be reported =$83,000

Therefore the amount of inventory that Stitch should report in its year-end balance sheet will be $83,000

5 0

4 years ago

Currently aft is charged $3,898,800 depreciation on the income statement of andrews. andrews is planning for an increase in this

LekaFEV [45]

At the financial statements of Andrews will this: growth internet cash from Operations on the coins waft declaration.

Financial statements are written information that brings the business activities and the financial performance of a business enterprise. economic statements are regularly audited by way of government agencies, accountants, companies, and so on. to ensure accuracy and for tax, financing, or making investment purposes. The earnings announcement, stability sheet, and statement of coins flows are required economic statements. those three statements are informative equipment that buyers can use to research an agency's financial power and offer a short photo of a corporation's economic health and underlying price.

Financial statements are formal statistics of the financial activities and role of a business, individual, or other entity. relevant monetary facts are presented in a dependent manner and in a shape that is simple to understand.

Learn more about financial statements here: brainly.com/question/26240841

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3 0

1 year ago

Ernest Burns, Orlando summemour, and randy Hatcher formed swi Partners, a general partner- ship. J. t. turner Construction Compa

SpyIntel [72]

Answer:

Summemour and Hatcher WERE JOINTLY and SEVERALLY LIABLE

Explanation:

What is Partnership

Partnership is a form of business, where individuals come together to carry on business with the primary intention of making profit. Mostly, they come together by contributing capital and expertise to make the business work . Every partner is however liable and responsible for both the profit made and the losses or liabilities of the partnership.

Although the general partner has unlimited liability, every partner is however jointly and severely liable for the business

Were Summemour and Hatcher Liable?

This case is referred in the J.T. Turner Construction Company v. Summerour and Hatcher(2009). The court this case declared that both Hatcher and Summemour were jointly and severally liable as a result of the following reasons.

A partner becomes liable especially for a prior judgment based on the following

1. The partnership has proven indebtedness

2. A general partner in the partnership was sued to court

Based on these, Summemour and Hatcher WERE JOINTLY and SEVERALLY LIABLE

6 0

3 years ago

supply chain management involves actively planning and controlling the activities in a supply chain in order to achieve minimum

Zepler [3.9K]

Supply chain management involves actively planning and controlling the activities in a supply chain in order to achieve minimum costs and maximum output.

Supply Chain Management is also known as SCM. Supply Chain Management has a large range of activities that fall under the SCM category. The activities involved planning and executing strategies related to production and distribution of the final good. In SCM keeping costs low while producing a large amount of products would be the main goal of a company.

7 0

4 years ago

Read 2 more answers

If investors receive shares of stock in companies that they fund on crowdfunding websites like Kickstarter, would their investme

garik1379 [7]

Answer:

Yes, because it is an investment of money in a common enterprise and the investors expect profit from the efforts of others.

Explanation:

In the case when the investor would received the shares of the companies and that should be funded on the website of crown funding so this would be considered as securities as this a money investment that to be made in a common enterprise also the investor expected the profit. In addition to this, the SEC permits the equity crowdfunding with effective from May 2016

Therefore the first option is correct

3 0

3 years ago