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2 years ago

Which term describes assets generated through operations that have been reinvested into the business?.

1 answer:

3 0

Retained earnings is the term that describes assets generated through operations that have been reinvested into the business.

<h3>What is retained earnings?</h3>

This occurs when a company decides that they would reinvest the profit that they have made from a business back into the business.

It is a portion of the cumulative profit that has been made by the business. They have retained this in order to make use of it in the same business in the future.

Read more on retained earnings here:

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Abramov Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold a

brilliants [131]

Answer:

Option c is correct

$245,680

Explanation:

The total manufacturing cost = $737,040.

Units produced = 22,200

Cost per unit before adjustment for absorbed overhead=

=$737,040./22,200 units

=$33.2 per unit

Cost of goods sold before adjustment for overheads

= (cost per unit × units sold)

= $33.2 × 7,400

= $245,680

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3 years ago

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3 years ago

Statement of retained earnings Hayes Enterprises began 2019 with a retained earnings balance of $ 928 comma 000. During 2019,

Temka [501]

Explanation:

a. The preparation of the statement of retained earnings for the year ended December 31, 2019 is presented below:

Hayes Enterprises

Statement of retained earnings

For the year ended December 31, 2019

Beginning balance of retained earning $928,000

Add: Net income $377,000

Less: Cash Dividend paid

Preference stock dividend -$47,000

Common stock dividend $210,000

Ending balance of retained earning $1,048,000

The common stock dividend is

= $928,000 + $377,000 - $47,000 - $1,048,000

= $210,000

b. The earning per share is

Earning Per share = (Net income - Preferred Dividends) ÷ (Average Common shares outstanding)

= ($377,000 -$47,000) ÷ (140,000 Shares)

= $2.36 per share

C. Dividend per share = Common Stock dividend ÷ Common Shares outstanding

= $210,000 ÷ 140,000 shares

= $1.50

8 0

3 years ago

What is a mortgage?

ddd [48]

A mortgage is a type of loan used to buy property, the bank gives you the money at an interest rate, but takes possession of your properties until you pay back the loan. The answer would be B!

Have a nice day! :)

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3 years ago

During the annual fund-raising drive, the Cancer Society raised $900,000 in pledges of financial support for general operations.

Gnoma [55]

Answer:

$ 870,000

Explanation:

Given data:

The funds raised by the cancer society = $ 900,000

The amount that has been collected back = $ 600,000

The amount that is uncollectible = 10% of the remaining amount

i.e 10% of ( $ 900,000 - $ 600,000 ) = $ 30,000

Therefore,

the net amount of revenue the society should recognize during the current year from this pledge drive is calculated as:

= The funds raised by the cancer society - The amount that is uncollectible

= $ 900,000 - $ 30,000

= $ 870,000

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2 years ago