How is revenue related to retained earnings?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (19 reviews)
Revenue increases retained earnings By definition when revenue ...View the full answer
Answered By
Hassan Ali
I am an electrical engineer with Master in Management (Engineering). I have been teaching for more than 10years and still helping a a lot of students online and in person. In addition to that, I not only have theoretical experience but also have practical experience by working on different managerial positions in different companies. Now I am running my own company successfully which I launched in 2019. I can provide complete guidance in the following fields. System engineering management, research and lab reports, power transmission, utilisation and distribution, generators and motors, organizational behaviour, essay writing, general management, digital system design, control system, business and leadership.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-0132889711
1st Canadian Edition
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
Question Posted:
Students also viewed these Cost Accounting questions
-
Below is information related to retained earnings for five companies. 1. Coca-Cola reports an increase in retained earnings of $2.2 billion and net income of $4.9 billion. What is the amount of...
-
Below are approximate amounts related to retained earnings reported by five companies in previous years? 1. Coca-Cola reports an increase in retained earnings of $3.2 billion and net income of $6.9...
-
Below are approximate amounts related to retained earnings reported by five companies in previous years. 1. Coca-Cola reports an increase in retained earnings of $3.2 billion and net income of $6.9...
-
If you wanted to double $1,000 in 10 years' time, what average rate of return would you require on your investment?
-
Should a company with multiple divisions establish separate required rates of return, or costs of capital, for each division as opposed to using the company's overall cost of capital? Explain.
-
Test your understanding 1 Peter buys and sells washing machines. He has been trading for many years. On 1 January 20X7, his opening inventory is 30 washing machines which cost $9,500. He purchased 65...
-
What is a stakeholder? AppendixLO1
-
Selecting Graphics Your Task. Identify the best graphics form to illustrate the following data. a. Figures comparing the costs of cable, DSL, and satellite Internet service in ten major metropolitan...
-
Gifts to WIL Industry Partners Robyn advises you that during December 2022 she gave several Christmas gifts to industry partners of the WIL program. She does not consider these partners friends but...
-
1. When new ideas must be generated and sold to management, what role does communication skill play in the process? 2. Do you think the Taco Bell culinary product manager will be making an oral or a...
-
What type of transaction would result in the recording of a prepaid asset? What do you think will happen to that prepaid asset eventually?
-
What is a normal balance? What are normal balances for the following accounts? a. Accounts Receivable b. Prepaid Expenses c. Notes Payable d. Retained Earnings e. Salaries Expense
-
. Let total market demand for labor be represented by ED = 1,000 50w where ED is total employment and w is the hourly wage. (a) What is the market clearing wage when total labor supply is...
-
Write a java program that contain two overloaded methods that accepts two numbers or two characters representing a range example (11, 37) or (c, w) inputted by the user. The method generates a random...
-
Maggie could not conceive a child using natural means, so she sought out a woman who would donate an egg to be surgically implanted in Maggie. Which of the following items are deductible by Maggie in...
-
M corporation is subject to tax only in state b state b law provides for the use of federal taxable income before net operating loss and special deductions as the starting point for computing state...
-
Use Routh Criteria to determine the values of K needed for the system represented by the Characteristic Equation to be stable. (1 + K)s + (2K + 3)s + 2 3K = 0 Obtain the root locus plot for the...
-
Q7 a) Two forces equal to 2P and P act on a particle. If the first be doubled and second is increased by 12N, the direction of resultant remains unaltered. Find the value of P (5)
-
Justify sources that you feel are most appropriate for recruiting salespersons in the following areas: (a) IT systems sales; (b) senior store retailing positions; (c) business-to-business sales...
-
Suppose you won a financial literacy competition and are given FJS10000 to invest, with the condition that investment can be done either in, i) Invest in Unit trust of Fiji or Invest in Fijian...
-
Using the audit risk model, compute the detection risk for the following values of audit risk, inherent risk, and control risk. Then answer the questions below. a. Which of the "points" yields the...
-
Assume that when a purchase of supplies of $2,650 for cash was recorded, both the debit and the credit were journalized and posted as $2,560. (a) Would this error cause the trial balance to be out of...
-
Assume that when a purchase of supplies of $2,650 for cash was recorded, both the debit and the credit were journalized and posted as $2,560. (a) Would this error cause the trial balance to be out of...
-
For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be...
-
Comfort Golf Products is considering whether to upgrade its equipment Managers are considering two options. Equipment manufactured by Stenback Inc. costs $1,000,000 and will last five years and have...
-
Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 71,000 shares of $10 par common stock. 8,500 shares of $60 par, 6 percent, noncumulative preferred stock. On...
-
Read the following case and then answer questions On 1 January 2016 a company purchased a machine at a cost of $3,000. Its useful life is estimated to be 10 years and then it has a residual value of...
Study smarter with the SolutionInn App