Answer:
Cost of Goods Sold on the income statement differs between the methods causing
Income Tax Expense to differ.
Explanation:
Answer:cost of good sold on the income statement
Explanation:
Ned Douglas owns Ned’s Blankets. Ned asks you to explain how he should treat the following reconciling items when reconciling the company’s bank account.Outstanding checks.select an explanationDeduct from balance per bank2.A deposit in transit.select an explanationAdd to balance per bank3.The bank charged to our account a check written by another company.select an explanationAdd to balance per bank4.A debit memorandum for a bank service charge.
In accounting, the purpose of reconciliation is to compare two sets of records for correction and make sure they are in agreement.
Here, Ned have some items which needed to be reconciled with the company’s bank account.
For "the Outstanding checks", he should deduct the amount from balance per bank For "a deposit in transit", he should add to balance per bankFor "the bank charged to our account a check written by another company", he should add to balance per bank and notify the bank of its error. For "a debit memorandum for bank service charge", he should deduct from balance per books.Learn more about this here
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how much profit does a store owner make on a bar of chocolate?
Answer:
Explanation:
The large volume companies have a lower profit margin of around 8 to 10%, while boutique chocolatiers can enjoy margins between 55 to 75%. Your total profit for a year will depend entirely on the volume and type of product you produce and sell.
according to gaap which method should be used to record the acquisition of a fixed asset
According to gaap, the method that can be utilized in recording the acquisition of a fixed asset is Cost method.
In GAAP , the one method that is notable and accurate in recording a fixed asset is the cost method. The cost method can be regarded as method utilized in recording the acquisition cost of the fixed asset as well as the costs of bringing the fixed asset to the condition that is needed for it to be used as well as the required location.Therefore, cost method helps in recording acquisition of a fixed asset .
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allocating the cost of intangible assets to expense is referred to as
Answer: Amortization
Explanation:
Amortization is the systematic allocation of an intangible asset's depreciable amount over its useful life. The depreciable amount is the asset's cost less the residual value.
What is meant by the allocation of expenses?When indirect expenses are attributed to cost objects, an expense allocation occurs. Several accounting frameworks demand expense allocations in order to represent the full cost of inventories in financial statements. A cost object is anything that has a cost compiled for it.
Amortization is the act of transferring the cost of intangible assets to expense, and corporations nearly generally utilize the straight-line technique to amortize intangible assets. Patents. Patents grant the exclusive right to manufacture or sell innovative inventions.
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how to make money online without paying anything 2020
Answer:
you could sell stuff online for no cost.
Explanation:
How are traditional and Roth IRAs different from 401(k) plans?
A. Traditional and Roth IRAs are set up by companies, while 401(k)
plans are not
B. Traditional and Roth IRAs are tax deductible, while 401(k) plans
are not.
C. Traditional and Roth IRAs are set up by individuals, while 401(k)
plans are not
D. Traditional and Roth IRAs have no limits on annual contributions,
while 401(k) plans do.
Answer:
C.traditional and Roth IRAs are set up by
individuals, while 401(k)
plants are not
Explanation:
hope can help
Traditional and Roth IRAs are different from 401(k) plans as Traditional and Roth IRAs are set up by individuals, while 401(k)plans are not. Option C. This is further explained below.
What is Roth IRAs?Generally, Roth IRAs is simply defined as Individual retirement accounts (IRAs) are taxed at the time of deposit, but all future withdrawals are tax-free with a Roth IRA.
In conclusion, Traditional and Roth IRAs are distinct from 401(k) plans as Traditional and Roth IRAs are set up by people, whereas 401(k)plans are not.
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the erie canal connected industry and consumers in the east with what group?
The Erie canal was able to connect industries and consumers in the east with c. Midwestern farmers.
The Erie Canal:
Was completed in 1825Connected New York City and the Great Lakes Allowed for goods to be shipped to and from the New York to the Great LakesThe Great Lakes were accessible to farmers in the midwestern region and after the Erie Canal was built, farmers were able to send their produce via the Great Lakes and through the Erie Canal to New York City where it could be purchased by industries and people or shipped internationally.
In conclusion, the Erie canal was very important to midwestern farmers as it increased their reach.
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Options for this question include:
a. Southern planters
b. Canadian fur traders
c. Midwestern farmers
d. New England fishers
NHÀ ĐẤT ĐƯỢC RAO BÁN TRÊN CÁC SÀN GIAO DỊCH BẤT ĐỘNG SẢN LÀ LOẠI HÀNG HOÁ:
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ҜҜ丂几乃丂Ҝ卂几
ﾌ乙几乂 卂
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Gordon is over 65 what is his adjusted gross income
Answer:
huh
Explanation:
hbybibhbil
In Europe, schoolchildren devote time during each school day to calisthenics. North American schools rarely offer a daily calisthenics program. Tests prove that North American children are weaker, slower, and shorter-winded than European children. We must conclude that North American children can be made physically fit only if they participate in school calisthenics on a daily basis. Which one of the following is assumed in the passage?
a. All children can be made physically fit by daily calisthenics.
b. All children can be made equally physically fit by daily calisthenics.
c. Superior physical fitness produces superior health.
d. School calisthenics are an in indispensable factor in European children’s
e. North American children can learn to eat a more nutritious diet as well as to exercise daily.
Answer:
ummmm...
Explanation:
In her report about electric cars, Lavonda wants to use information to substantiate her theory that they are helping the environment. What would be the BEST source to cite?
- Exxon gas press release
- Elon Musk’s annual report
✅EPA air quality statistics
- Lavonda’s cousin who owns an electric car
Sue worked 48 hours this week. Her rate of pay is $13.75 per hour. What is her gross pay?
Answer:
The answer is $660 because you will multiply 48 and 13.75
Explanation:
48*13.75=660
Which of the following is a characteristic of a service?
A. Can be stored
B. Can be repeated in exactly the same way
C. Mass produced
D. Intangible
Answer:
D.Intangible
Explanation:
Because three characteristics of service are: intangibility, inseparability, variability
The correct answer is D. Intangible. is a characteristic of a service
What are servicesServices are intangible in nature. This means that they do not have a physical presence and cannot be touched or held like physical goods. This is one of the key characteristics that differentiates a service from a product.
Options A, B, and C are typically characteristics of goods, not services:
A. Services cannot be stored for later use like physical goods.
B. Due to the human aspect involved in delivering services, they may not be repeated in exactly the same way each time.
C. Services are generally customized to the individual customer and are not mass-produced in the same sense as physical goods.
Option D is therefore a service characteristic.
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which term denotes the response of a cost to the change in business activity
Explanation:
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The terms is used to denote the response of a cost to the change in business activity is Cost behavior.
Cost behavior is used as a tool to show or indicate how a cost will alter or chang in total when there is a change in some activity.
There are three types of cost behavior. Cost Behavior Analysis is simply known as the study of how specific cost respond to changes in the level of business activity.
Conclusively, its knowledge will helps management plan operations and decide between alternative courses of action.
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the u.s. labor department said american workers set a record in august for taking what action?
The United States labor department said American workers set a record in August for "quitting their jobs."
The recent statistics released show that about 4.3 million Americans quit their jobs between December 2020 to August 2021.
The statistics show that the 4.3 million Americans that resigned from their jobs formed about 3 percent of the total work population.
According to the U.S Labor Department, this is a record figure in the U.S. labor-related issues.
Hence, in this case, it is concluded that many Americans are quitting their jobs willingly in recent times.
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Consider a simple economy that produces only pies. The following table contains information on the economy's money supply, velocity of money, price level, and output. For example, in 2019, the money supply was $360, the price of a pie was $9.00, and the economy produced 800 pies.
The velocity of money in 2019 based on the information will be 20 and the nominal GDP is $7200.
From the complete information, the velocity will be calculated thus:
= Price level × Quantity / Quantity of money
= (9 × 800) / 360.
= 20
The nominal GDP will be:
= Price level × Quantity
= 9 × $800
= $7200
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3. What is journalising? State the rules of journalising based on the types of account with examples.
Answer:
One amount in the debit column must be equal to two or more amounts in the credit column or one amount in the credit column equals to two or more amounts in the debit column or under compound entry, a few debits will be equal to a few credits. The rule for journalising is the same as that of simple journal.
Explanation:
Journalizing is the process of recording a business transaction in the accounting records. ... Examine each business transaction to determine the nature of the transaction. For example, the receipt of a supplier invoice means that an obligation has been incurred.
I hope you all like this answer.
Mark as a brainlist.
rate my answer guys.
Thank you ❤️.
Explanation:
journalism is the practice of documenting a business translation account records
the rules of journalists are:-
1. debit purchase account and credit sales account.
2. debit expenses account and credit cash/bank account.
journatising example are:-
1. real account
2. personal account
3. nominal account
hope it helps you
thank you
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The account debited when payment is made for equipment purchased previously on account is
A accounts receivable.
O
B. cash.
C. accounts payable.
D. equipment
Answer: It is A. Accounts Receivable.
the manager at creative minds inc. is distressed that employee absenteeism increased by 16% in the past year. how would you recommend the manager respond to this inside force?
I will recommend that the manager identify the frequently absent employees and replace them with artificial intelligence.
Today, the artificial intelligence is a modern technology which performs the function of employees more efficiently and effectively.
The artificial intelligence such as software package that perform a work process automatically does not makes mistakes and does not appear absent as place of work.
Therefore, i will recommend that the manager identify the frequently absent employees and replace them with artificial intelligence.
The option includes "a. Evaluate the HR practices to ensure they are generating the behaviors needed to accomplish strategic goals. b. Identify the frequently absent employees, and replace them with artificial intelligence c. Remind employees about how Creative Minds is genuinely connected to supporting youth art programs. d. Demonstrate how the firm is committed to simultaneously tackling global social issues and maximizing shareholder wealth."
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Answer:
Identify the frequently absent employees, and replace them with artificial intelligence.
Explanation:
when a market allocation of resources maximizes the total surplus received by all members of society we say there is
Whenever there is maximization of total surplus that is been received by those that are part of society by market allocation of resources then there is market Efficiency.
Economic efficiency can be regarded as economic state whereby there is allocation of resource to serve each individual or entity in way that everyone is satisfied while minimizing waste and inefficiency.Therefore, When there is an economy efficiency, there would be maximization of total surplus.
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donovan company projects sales for the year 2019 to be $32,000,000. for the past 5 years, donovan’s gross profit margin has averaged 45%. what amount should donovan company project for gross profit for 2019?
Answer:
$17,600,000 I took this test and this is it!
withdrawn rs 1000 on a permanent basis out of capital.
Answer:
withdraw a/c...........Dr 1000
To cash a/c 1000
Explanation:
which one of the following is a primary market transaction?
the standard deviation is a better measure of risk than the coefficient of variation if the expected returns of the securities being compared differ significantly.
Answer:
False
Explanation:
The National Income and Product Accounts allows us to relate ________ to ________ to ________. Group of answer choices household income; government income; firm income total output; total spending; inflation household income; household expenditure; total output total output; inflation; total income total output; total spending; total income
Answer:
gross domestic product (GDP), gross national product (GNP), and gross national income
Explanation:
The National Income and Product Accounts allows us to relate total output to total spending to total income. Therefore, option E is correct.
The National Income and Product Accounts (NIPA) is a system of economic measures used by the government to track and analyze the overall economic activity of a country.
It provides comprehensive data on national income, production, consumption, and investment. NIPA allows for the calculation of important indicators such as Gross Domestic Product (GDP), which measures the total value of goods and services produced within a country over a specific period.
By providing a framework to track income and output flows across different sectors, NIPA enables policymakers, economists, and analysts to monitor economic performance, make informed decisions, and assess the overall health of an economy.
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Most probably, your complete question is this:
The National Income and Product Accounts allows us to relate ________ to ________ to ________.
Group of answer choices
A. household income; government income; firm income
B. total output; total spending; inflation
C. household income; household expenditure; total output
D. total output; inflation; total income
E. total output; total spending; total income
hilton’s vp of talent & inclusion mentioned that the company participates in on-campus recruiting. this is an example of what type of recruiting?
Answer:
hiring from within
Explanation:
The company looks for internal candidates that exhibit leadership skills and qualities. This type of practice motivates employees and shows there is an opportunity for growth from within the company.
Which loan should Eric choose? Why? Explain your reasoning in a complete paragraph, using at least three supporting details. (10 points)
The loan that should be chosen is the one that will yield the lowest return.
This is an incomplete question, therefore, an overview of a loan will be given. A loan simply means the lending of money to people or an organization. It should be noted that the recipient of a loan incurs a debt.
When comparing the different types of loans, it's important to choose the shortest loan term that is available. This is because one will pay a lower overall level of interest. It's also important to consider the annual yield return.
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Consider the following information: Budgeted indirect cost $2,000 Budgeted production units 800 Budgeted direct manufacturing labor hours 500 Budgeted customer orders 400 Actual number of setups 1,000 Using broad averaging, what is the budgeted indirect-cost rate per direct manufacturing labor-hour
The budgeted indirect cost rate is $4.00 per direct manufacturing labor-hour.
Data and Calculations:
Budgeted indirect cost for the period = $2,000
Budgeted production units for the period = 800 units
Budgeted direct manufacturing labor hours = 500 hours
Budgeted customer orders for the period = 400 orders
Actual number of setups = 1,000 setups
Therefore, the budgeted indirect cost rate per direct manufacturing labor-hour = Budgeted indirect cost divided by the budgeted direct manufacturing labor hours.
= $4 ($2,000/500)
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If the incorporator makes a serious mistake in the process of incorporation the business, such as not filing the articles of incorporation with the secretary of state, the courts may still recognize the corporation as a(n) _______ corporation. Multiple Choice de facto executory implied de jure
A De facto corporation is a term used by courts to show the events in which a business organization that has failed in its effort to be a de jure corporation which is a corporation by law. but it will still be treated as a corporation. The courts may still recognize the corporation as a De facto corporation.
A De facto corporation is simply known as a type of corporation which is organized with beautiful compliance with the requirements of incorporation and allowed to stand and exercise the powers of a corporation until its existence is backed up by the State.It shows that there is an extent of legal recognition of a corporation, even if its articles of incorporation may not have been filed correctly.
Conclusively, A De facto corporation is one where parties who tried to establish it must act in hope and must be running their business as a corporation.
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basheer operates a business that smooths and finishes poured concrete floors, sidewalks, driveways, and pool decks. basheer has been observing and timing each task undertaken by his workers because he would like to increase their efficiency. basheer is engaging in ________ management.
Basheer is engaging in performance management.
As the manager, Basheer is monitoring and evaluating his employee's work to increase their efficiency. He must create the environment for his employees to bring out their best abilities in performing tasks that satisfy customers with the highest quality.
Performance management is a management tool that enables monitoring and evaluation of the tasks carried out by workers so that efficiency can be increased and management's goals achieved.
Thus, Basheer is engaged in performance management when he observes and times each task by his workers to improve performance efficiency.
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