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Black_prince [1.1K]
3 years ago
9

Carol’s Clothiers, LLP, sells women’s business clothing designed by the world’s top designers. The company also sells clothing f

rom its own line which is priced just below the designer clothing, but is nonetheless of very high quality. Carol’s has, throughout its history, been attentive to the financial needs of the company and the seasonal fluctuations in income and expenses, and has planned accordingly. Except for the initial start-up expenses which were paid by the partner’s loaning funds to the company, Carol’s has always paid its bills from the income generated by sales. During the second year in operation, the company repaid the loans made by the partners. Since the initial loans made by partners have been repaid, what kind of financing does Carol’s Clothiers, LLP used as its primary source of funds?
Business
1 answer:
worty [1.4K]3 years ago
7 0

Answer:

Retained earnings.

Explanation:

This usually occurs when a company finances it operations from the profit accrued from sales of products or services.

From the profit Carol's Clothiers made by selling their products which is termed retained earnings, would serve as its primary source of funds to grow their business.

Also as an LLP (limited liability partnership) a partnership in which some or all partners may have limited liabilities, they could use their retained earnings to reward shareholders in the form of dividend payments or a buyback of shares.

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Anuta_ua [19.1K]

Answer:

energy, direction, and persistence

Explanation:

Motivation is defined as the desire to act towards attainment of a goal. It is the driving force an individual has in setting and achieving objectives.

Motivation is also the process by which people are stimulated to perform actions that will lead to attainment of goals.

Key element of motivation are energy, direction and persistence.

There needs to be an energy to push for success, there is a direction or specific goal to be attained, and persistence to keep pushing for attainment of the goal.

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3 years ago
Which best describes the relationship between total utility and marginal utility?.
Whitepunk [10]

Answer:

While total utility measures the aggregate satisfaction an individual receives from the consumption of a specific quantity of a good or service, marginal utility is the satisfaction an individual receives from consuming one additional unit of a good or service.

8 0
2 years ago
​Mid-Town Auto Parts Company uses the direct method to prepare its statement of cash flows. Refer to the following information r
Lera25 [3.4K]

Answer:

Collection from Customers =$487,000

Explanation:

Collection from Customers=account receivable beginning balance+sales revenue-account receivable ending balance

=97000+$519,000-$65,000

=$487,000

7 0
2 years ago
The budget process involves doing all of the following except a. periodically comparing actual results with the goals b. establi
Sergio [31]

Answer:

d. dismissing all managers who fail to achieve operational goals specified in the budget

Explanation:

The budget, no matter how well it's done, It's a forecast.

Price can change without the company being able to intervene, the same goes for consumer demand, foreign currency rates changes, and other variables in the budget.

Having that in mind, the accounting can measure the variance and check the efficiency and price influence in the result below expected.

Therefore, dismiss immediately after not achieving a goal is not the purpose of a budget

7 0
3 years ago
Dawson states that he is Chairman of the Board and the Chief Executive Officer of the company. This makes him:
Kobotan [32]

Answer:

The head of the company

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3 years ago
Read 2 more answers
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