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Lostsunrise [7]

2 years ago

10

Joan borrowed $10,000 from a relative to start her own business. Assuming she takes all responsibility for the company's financi

al risks, the company is most likely a

1 answer:

iVinArrow [24]2 years ago

4 0

Answer:

sole proprietorship

Explanation: im guessing

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A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 80,000 units on hand,

gtnhenbr [62]

Answer:

c) $9,000,000

Explanation:

The cost of good sold = Cost per unit × Quantity sold

Quantity sold = 300,000, cost per unit = $30

The cost of sold = $30 × 300,000 = $9,000,000

This can be confirmed as follows:

Unit

opening inventory 80,000

Production(see note below) <u> 340,000</u>

Available or sale 420,000

Closing inventory <u>(120,000)</u>

Units sold <u>300,000</u>

Cost of units sold = 300,000 × $30 = $9,000,000

Note :

Production budget = sales budget + closing inventory - opening inventory

= 300,000 + 120,000 - 80,000 = 340,000 units

6 0

3 years ago

Clothing Frontiers began operations on January 1 and engages in the following transactions during the year related to stockholde

zimovet [89]

Answer:

Explanation:

The journal entries are shown below:

1. Cash A/c Dr $24,000 (600 shares × $40)

To Common Stock $600 (600 shares × $1)

To Additional Paid-in Capital in excess of par - Common Stock $23,400

(Being the issuance of stock is recorded and the remaining balance is credited to the additional paid-in capital account)

2. Cash A/c Dr $4,400 (100 shares × $44)

To Common Stock $100 (100 shares × $1)

To Additional Paid-in Capital in excess of par - Common Stock $4,300

(Being the issuance of stock is recorded and the remaining balance is credited to the additional paid-in capital account)

6 0

3 years ago

The first and easiest skill set that a human resource manager should develop is ______ skill set. a. business b. conceptual and

jeka94

Answer:

C) technical

Explanation:

One of the most important and critical issues that HRM are facing currently, is that technology is outpacing our ability to use it. And that applies to them also, that is why it is so critical for HRM to first develop technical skills, e.g. HR information software, social media handling, SQL and reporting, cloud technologies, etc.

Currently HRM deals more with improving efficiency of the organization's employees, and to be able to perform properly, HRM must dominate the avalanche of new technologies.

8 0

3 years ago

Read 2 more answers

The most useful allocation basis for the departmental costs of an advertising campaign for a storewide sale is likely to be: Mul

azamat

Answer:

Proportion of sales of each department.

Explanation:

Advertising expense directly effects the sales of the business. As the campaign is made store-wide sales and it does not directly traceable to any specific department. It need proper basis for allocation of expenses. The proportion of sales of each department is the most suitable basis from all of the given options because the share of benefit from the campaign is received in the form of sale. A campaign might mostly effects the sales.

3 0

3 years ago

Kermit plans to open a boutique. The initial investment is $10,000. He has to spend $1,500 in annual operations and maintenance.

Setler [38]

Answer:

8.14

Explanation:

The Rate of Return is 8.14 from my calculations which you can find in the attached file.

Now since the Rate of return is 8.14. Which is less than MARR of 12%, it shows that investment is not good.

3 0

3 years ago

Read 2 more answers