17,whichisconsideredas 6 successofChinaspaceindustry.DuringtheirstayinTiangong, theastronautscarriedouttwospacewalksanddidanumberof 7 (science)experiments. Thethree-monthShenzhou XIImissionispartoftheTiangongprogram, 8 aimsto completethestationinlow-Earthorbitbeforetheendof2022. Thenextcrewedspaceflight—Shenzh...
What is beginning retained earnings?Retained Earnings:Retained earnings are the amount that is left after a company has paid dividends to all shareholders. Retained earnings can be ploughed back to a company to generate more income.Answer and Explanation: ...
A social enterprise is a business designed around a core altruistic mission, which in turn influences how it’s managed, from product development to branding, from supply chain management to financial planning. Instead of a single bottom line focused on earnings, many social enterprises measure succ...
Year 2 was a bad year. Sales were down and Guitars, Inc. lost $40,000. This would reduce the $15,000 positive RE balance to a negative $25,000. The -$25,000 balance in retained earnings is considered a deficit. Search 2,000+ accounting ...
is analyzing a proposed project. The company expects to sell 12,000 units, give or take 4%. The expected variable cost per unit is $7 and the expected fixed cost is $36,000. The fixed and variable cost estimates are considered accurate within a plus or minus 6% range....
Cash basis is the method of tracking income and expenses by the cash that comes in compared to the cash going out. Many tax returns and most personal financial statements use the cash basis. Every dollar of cash that’s deposited into the business is considered income; every dollar used to...
the truck was never meant to be sold to a customer. It was purchased to deliver sandwiches and was sold when it couldn’t perform that job. The car dealership, on the other hand, purchases vehicles for the sole purpose of reselling them. Thus, the truck is considered inventory to them....
Passive income is a term that’s used to describe several forms of revenue generation. One type of passive income is earnings from investments, like an Airbnb rental property, dividends, interest on savings, or leasing a piece of equipment that you own. But passive income can also be ongoing...
The enterprise-value-to-EBITDA ratio is calculated by dividing EV by EBITDAorearnings before interest, taxes,depreciation, andamortization. Typically, EV/EBITDA values below 10 are seen as healthy. However, the comparison ofrelative valuesamong companies within the same industry is the best way for...
A child’s tax-exempt interest and dividend income reported on a parent’s return is also considered disqualifying.2 The EITC cannot be claimed if individuals have filed Form 2555 for Foreign Earned Income, which must exclude income earned in foreign countries from gross income.2 ...