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2 years ago

Yard Professionals Inc. experienced the following events in Year 1, its first year of operation:

Business

1 answer:

Aloiza [94]2 years ago

6 0

Answer:

tama

Explanation:

hindi ko sure perp sure ko kailangan ko ng points

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Politics, law, culture, and economy are all examples of ________ factors that can affect the ways in which companies produce and

WARRIOR [948]

Politics, law, culture, and economy are all examples of social factors <span>that can affect the ways in which companies produce and sell their products in foreign markets.
Social factors is everything that could affect your life style. When your lifestyle change, your consumption pattern will also change and this will affect the products that will be sold in the market.</span>

3 0

3 years ago

After a computer failure, you are trying to reconstruct some financial results for the year just ended. While you know that back

Naily [24]

Answer: The answers are given below

Explanation:

a. Find the finished goods inventory, January 1.

The cost of good sold will be:

= (cost of good manufactured + finished good inventory beginning) - finished good inventory ending

$21,900 = $21,940 + finished good inventory beginning - $3500

Finished good inventory beginning will now be:

=$21900 - $21,040 + $3500

Finished good inventory January 1 = $4,360

b. Find the direct materials used for the year.

The total manufacturing cost will be:

= direct material + direct labour + manufacturing overhead

$19,460 = direct material + $3160 + $5710

Direct material = $19,460 - $3160 - $5710

Direct material = $10,590

c. Find the Sales revenue.

Gross margin will be :

= Sales revenue - cost of good sold

Let the sales revenue be y

Therefore,

37% of y = y - $21,900

0.37y = y - $21,900

y - 0.37y = $21,900

0.63y = $21,900

y = $21,900/0.63

y = $34,761.9

y = $34,762 approximately

The sales revenue is $34,762

7 0

3 years ago

Do believe that entrepreneurs are 'born' and not 'made'? Justify your answer.

skelet666 [1.2K]

Answer:

Entrepreneurs are born and not made.

Explanation:

In order to be an entrepreneur you must have good business ethic and life skills, no one can make you have the mindset and ethic of an entrepreneur only influence on the skills you are already born with.

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2 years ago

Burr Publishers purchased a building on March 20, 20Y1, for $160,000. Other amounts related to this purchase are as follows:

RUDIKE [14]

Answer:

1. Which amount related to this purchase should be recorded in the accounting records?

d. 160,000.

According to the historical cost principle, assets must be recorded at their original purchase price, only accumulated depreciation can adjust their value.

2. The resources owned by a business are its _____.

c. assets.

Assets are all the resources a business uses to carry out their normal business activities and operations.

3. The rights and claims of creditors on a company's assets are represented by _____.

a. liabilities.

Liabilities represent all the debts that a company has.

4. Which element of the accounting equation represents the rights of owners?

b. owner's equity.

Equity refers to the part of a company owned by its stockholders or owners. A company can finance itself through all equity, or it can have a mixed financing structure with equity and debt (liabilities). The investment made by the owners of a company is represented by the equity part of the balance sheet.

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3 years ago

The assumption that in the absence of contrary information a business entity will continue indefinitely is the:

const2013 [10]

Answer:

(D) Going concern assumption.

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3 years ago