The choice that does not describe the balance sheet is D. The balance sheet contains only assets and liabilities sections.
Balance sheet is one of a company's financial statement. It is also known as the statement of financial position. It represents the the company's financial position at the end of a specified date.
The assets, liabilities, and owner's equity sections of the balance sheet reflects the results of multiple transactions creating an image of a business in financial terms.
Answer:
The correct answer is letter "D": honesty.
Explanation:
By relying on employees' honesty, companies who provide workers certain benefits such as corporate mobile phones or credit cards believe employees will make correct use of those resources. Some entities prefer to implement tracking systems that allow them to check for what purposes those resources were utilized not only to verify their proper use but to evaluate what kind of employee they are dealing with.
Answer:
$4,850
Explanation:
The computation is shown below:
Total cost when the production is 13,000 units
Direct materials $10,920
Direct labor $14,690
Variable overhead $16,380
Total $41,900
And, the other case
Their new cost on supplier offer is
= $2.85 × 13,000 units
= $37,050
In the case when the order is accepted So the net income would increased by
= $41,900 - $37,050
= $4,850
In order to break even, they would need to sell at least 5,000 units
Break even point is calculated by the formula:
Fixed costs÷(selling price -variable costs per unit)
i.e.
100,000 ÷ (60-40) = 5,000
Anything they sell above this number will start to produce profits for the company
