Financial Statements

No. Retained Earnings appears in the Equity section of the Balance Sheet.

yes

An investor may choose to invest in a company without a dividend because the investor is looking to profit from the sale of this company's shares. They buy the stock at a low price and hope to sell it quickly at a higher price, and profiting from difference between these two prices (i.e. a capital gain).

Contribution margin approach to income teaches the management about how much production volume must achieve to at least recover the full cost of production.

[Debit] Dividends

[Credit] Cash / bank

it will either increase or decrease profit. Prepaid expense should increase profit as the amount has been overstated.

True

Return on total asset = Net Income / Total Assets

return on total assets = 26000 / 500000 * 100

Return on total assets = 5.2%

yes

net assets decrease and profit decreases

Debit parking tickets
Credit cash / bank

Income less than expenses negative numbers below zero. Income more than expenses. Positive numbers above zero a net profit from the business operation.

This is not a valid question and I am not doing your homework for you. This forum is designed to assist people with answers to their questions and issues, not your school work that you are to do on your own. It will not help you in any way to get the answers falsely. Sorry.

ifrs is applicable in nigeria.we use it

adjusting non interest expenses against the non interest revenue is call burdens

true

hai

Journal for transfer of donation amount unspent to corefund

for project

Expenses DR

To bank CR

To cash CR

( Budget amount spent )

For core fund

Bank

Cash

Advance

To Transfer of balance of project

To TDS transfer to HO

Break even sales = fixed cost + desired profit / contribution margin ratio

Fixed cost = breakeven point sales * contribution margin

Fixed cost = 352000 * 0.35 = 123200

Breakeven point = (123200 + 104300 ) / 0.35

Breakeven point = 332857

A cash-trap business is one where all or most available cash is reinvested directly in the business, leaving little net value for investors. The business may look good, because it appears to have a high net worth, but has little chance of being able to liquidate the business.

An example of a cash-trap business could be a copper mine deep in the South American jungle. While it may look like a viable business, because it might have millions of dollars worth of equipment, it may actually be nearly worthless. If there is no more copper being produced, there is nothing to generate income. Because most of the equipment is very specialized, and expensive to move, there may not be a market for the company. The balance sheet may show significant assets, but if those assets can not be converted to cash, the business just becomes a big hole in the ground full of junk.

They are the same; in the financial year we earned income.

Look i'm an expert at buying clothes and being at the store but i hate boring stuff like this

Statement of ownership equity

yes income statement or profit and loss account is primary object of disclosing the performance of a company or enterprise

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