Home / Expert Answers / Accounting / the-accounting-records-of-direct-marketing-company-dmc-indicate-that-the-company-has-500-of-cash-pa617

(Solved): The accounting records of Direct Marketing Company (DMC) indicate that the company has $500 of cash$ ...



The accounting records of Direct Marketing Company (DMC) indicate that the company has $500 of cash$3,500 of land: $1,000 of : $600 of common and 2,400 of retained earningsBased on informationthe percent of assets provided by earnings is....

The nccounting records of Direct Marketing Company (BMC) inaticate that the company has \( \$ 500 \) of cash: \( \$ 3,500 \)
The nccounting records of Direct Marketing Company (BMC) inaticate that the company has \( \$ 500 \) of cash: \( \$ 3,500 \) of land: \( \$ 1000 \) of liabilies: \( \$ 600 \) of comnon stock: and \( \$ 2,400 \) of rotaned eamings. Based on this infornation, the percent of assets provided by retained earnings is \( 80 \% \) \( 25 \% \) \( 75 \% \)


We have an Answer from Expert

View Expert Answer

Expert Answer


A.60%. Notes: First let us know the total assets: Cash $500
We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe