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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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Which type of tax is paid by businesses on their profits to federal or state governments?
Anna11 [10]

Answer:

Corporate income tax

Explanation:

A corporate income tax (CIT) is levied by federal and state governments on business profits, which are revenues (what a business makes in sales) minus costs (the cost of doing business).

5 0
2 years ago
which what-if analysis tool is the best option for complex calculations requiring constrained optimization?
DiKsa [7]

The what-if analysis tool would be the most adequate choice for intricate calculations that need contrived optimization:

b). Scenario manager

  • 'What-if analysis tool' is described as the tools that are employed to alter the values present in the cells.
  • It is done to observe the effect of changing the values impact the results produced by the used formula.
  • The what-if analysis tools have been categorized into three distinct types:
  • a). Scenarios.
  • b). Goal Seek.
  • c). Data Tables.
  • As per the question, in order to opt for complex calculations, 'Scenarios' what-if analysis would be most adequate as they examine a number of variables and set of numbers/values that affect the outcome.

Thus, <u>option b</u> is the correct answer.

Learn more about 'what-if tool' here:

brainly.com/question/14830872

8 0
1 year ago
On March 31. 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,810. The balance in the firm's che
NNADVOKAT [17]

Answer:

Both requirements 1 and 2 are the same, but I guess one refers to a bank reconciliation statement and the other one to a cash account reconciliation.

Bank account reconciliation:

bank balance $9,810

+ deposits in transit $2,935

- outstanding checks 358 and 359 ($2,225)

<u>+ check deducted by mistake $590</u>

reconciled bank account $11,110

Cash account reconciliation:

Cash account balance $10,276

+ note and interest collected $1,320

- bank fees ($31)

- NSF check Dane Jarls ($555)

<u>+ error on check 341 $100        </u>

reconciled cash account $11,110

3 0
3 years ago
Gravity location models in supply chain meaning ?
Andru [333]

Answer:

Gravity models are used to find location that minimizes the cost of transporting raw material from the supplier and finished goods to the markets served. This model also assumes that the transportation cost grows linearly with the quantity shipped.

Explanation:

hope it will helpful

good morning ❤️

4 0
3 years ago
March 1, 2014 Cardullo's purchased an order of German chocolate from a supplier for $250, but didn't pay cash for the order unti
PilotLPTM [1.2K]

Answer:

Dr Inventory Purchases $250

Cr Trade Payables              $250

Explanation:

At the time of the purchase, Inventory purchases which is an asset in nature has been increased and hence must be debited by $250 and similarly the Payable has been increased which is liability in nature and hence must be credited with $250. The entry would be as under:

Dr Inventory Purchases $250

Cr Trade Payables              $250

4 0
2 years ago
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