Answer:
Option B Depreciation expense
Explanation:
The allocation of cost of the plant and equipment for the period being used is the concept of depreciation and is a period cost because when the asset is purchased its value decreases gradually with time which means some of the machinery value would be deminish during the year depending upon the technological factors, life of the equipment, etc. So the period cost will arise regardless of that we either use the asset or not which is the definition of period cost which in this case is depreciation cost and the allocation of cost of plant and equipment over its useful life is also depreciation cost.
Answer:
C. DEBIT TO SALES RETURNS
D. CREDIT TO ACCOUNTS RECEIVABLE
Explanation:
The journal entry to record the May 15 transaction is shown below:
Sales return and allowance A/c Dr $40,000
To Accounts receivable $40,000
(Being sales return is recorded)
For recording the given transaction we debited the sales return and credited the account receivable. Both are recorded for $40,000
Answer:
c. pool
Explanation:
I think it is right answer of ur Question
Answer:
The correct answer is total revenue; total cost.
Explanation:
Cost reduction is one of the most addressed issues in companies. They do it all the time since it is a permanent process. This is because it always seeks to improve the profitability of the company and, consequently, productivity. In other words, try to "do more with less", which is to produce more with what you have or produce the same with lower expenses. In both cases the objective is to reduce costs.
A company can reduce costs for many reasons: for a drop in sales, for lack of liquidity, for not having access to credit, etc. And when this happens, the cost cut occurs in the areas of human resources with the dismissal of personnel, the restructuring of the purchase processes, changes of suppliers, among other measures.
It is important to know what the current production process is and, if possible, redesign it, seeking to eliminate unnecessary steps, that is, to shorten the production processes. A long production line implies a greater number of workers, more work in the process and more time in product development. It also increases the possibility of errors in the process.
To make the cost reduction in your company even more efficient, you need to know each process deeply to detect unnecessary steps and help you reduce processes and / or procedures that in the medium or long term translate into cost reduction.
Answer Explanation
An expression about whether financial statements conform with generally accepted accounting principles
Audition. If the statement had been done conformed to GAAP it will be a positive audit.
business that raises money by issuing shares of stock:
Corporation, raise fund from issuance of stock
The portion of stockholders’ equity that results from receiving cash from investors
Capital or total paid-in capital
Obligations to suppliers of goods
Account Payable is the liability account to represent thedebt with suppliers
Amounts due from customers
Account receivable represent the amount to collect from customer
A party to whom a business owes money
It is a debtor to the company and will be state under:
Account Receivable or Note receivable accounts
A business that is owned jointly by two or more individuals but does not issue stock.
partnership are integrate by more than one party
