Answer:
d. It will have a credit balance of $100,000.
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
So, the balance of income summary equals to
= Sales - expenses
= $540,000 - $440,000
= $100,000
The dividend should be deducted from the retained earning account. Hence, it will not be consider here
Answer:
<em>weight</em><em> </em><em>of</em><em> </em><em>discount</em>
<em>disfount</em><em> </em><em>on</em><em> </em><em>festival</em><em> </em><em>offer</em>
Answer:
B. Less volatile than the return on equity of Firm B.
Explanation:
The leverage ratio indicates the proportion of the shareholders´ and the debt used to finance the company´s assets. A higher ratio means that is more financing coming from debt than the owners and therefore more volatile is the return on equity because there is less equity to get the same revenues.
“Alternatives” or “identify the alternatives”