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IceJOKER [234]
2 years ago
10

Use the following account numbers and corresponding account titles to answer the following question. Account Number Account Titl

e (1) Cash (2) Merchandise inventory (3) Cost of goods sold (4) Transportation-out (5) Dividends (6) Common stock (7) Selling expense (8) Loss on the sale of land (9) Sales revenue Which accounts would affect the amount of net income shown on the income statement?
Business
1 answer:
Ilya [14]2 years ago
7 0

The accounts that would affect the net income in the income statement are:

  • (2) Merchandise inventory.
  • (3) Cost of goods sold.
  • (4) Transportation-out.
  • (7) Selling expense.
  • (8) Loss on the sale of land.
  • (9) Sales revenue.

<h3>Which items affect net income?</h3>

The ending and beginning merchandise inventory play a role in the cost of goods sold which is deducted from net income.

Selling expenses such as transportation-out are also deducted as well as the loss on sale of land. Sales revenue is added to net income.

Find out more on accounts in the income statement at brainly.com/question/21851842.

#SPJ1

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Balance sheet accounts are also called temporary accounts. true false
Vesnalui [34]
I do believe your answer would be true. 
6 0
3 years ago
Lighting design personnel must: A. Understand environmental, cost, and associated benefits of energy-efficient lighting B. Recog
Setler79 [48]

Answer: All of the above

Explanation:

The Lighting Design Personnel is in charge of the designing, the installation, and the operation of lighting and every other special electrical effects.

Such person must understand environmental, cost, and associated benefits of energy-efficient lighting. Also, he or she must be bake to recognize when specialized knowledge is necessary and also estimate energy cost savings

Therefore, the correct option is all of the above.

6 0
3 years ago
Market researchers for a local bakery determined that Jewish people consume 63% of the portion of bagels sold in New York City.
Anon25 [30]

Answer:

Subcultural

Explanation:

Consumer behaviour refers to how individuals make decisions on ways to spend their available resources, time, money, and effort on variety of items.

A society is composed of several sub-cultures in which iindividuals can identify themselves. A Subculture is a group of people within a culture who are different from the dominant culture but have something in common with one another such as common interests, religions, ethnic backgrounds.

Culture is considered an external factor that influences consumer behavior. Since different cultures have different values, they will have different buying habits. A typical example is the Jewish people that purchase about 63% of bagels that is sold in New York City.

7 0
3 years ago
What is the purpose of a food safety management system?
zubka84 [21]

Answer:

To control food safety hazards within a food business in order to make sure that food is safe to eat.

Explanation:

4 0
3 years ago
Given the following two potential locations to construct an urgent care, use incremental B/C ratio to determine which location,
White raven [17]

Answer:

The incremental benefit cost ratio is less than 1 therefore we must select site 1.

Explanation:

The incremental BCR can be determined using the following formula

\Delta BC_R = \frac{AW_B-AW_D-AW_M}{AW_i}

AW_C=1,000,000(A/P, 8% , 10)

⇒ AW_C= 1,000,000 \times \frac{0.08}{1-1.08^-^1^0}

⇒ AW_2=2,000,000(A/P, 8%, 20)

⇒ AW_2= 2,000,000 \times \frac{0.08}{1-1.08^-^2^0}

⇒AW_C_2 = $203,704.42

Incremental initial investment = 203,704.42 - 149,029.49

= $ 54,674.93

Incremental benefits = 580,000 - 520,000 = 60,000

Incremental O&M = 75,000 - 80,000 = - $ 5000

Incremental Disbenefits = 140,000 - 90,000 =$ 50,000

\Delta BC_R = \frac{60,000-50,000-(-5000)}{54,674.93} \\\\\Delta BC_R=0.2743

All solving using the present worth method also incremental benefit cost ratio comes out to be 0.2743.

The incremental benefit cost ratio is less than 1 therefore we must select site 1.

3 0
2 years ago
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