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2 years ago

↑ State 4 ways in which a business may increase its profit

2 answers:

6 0

Answer: The four main ways a business may increase it's profit are through reducing costs, increasing turnover, increasing productivity, and increasing efficiency.

sveta [45]2 years ago

4 0

Answer:

1-Increase your prices

2-Increase the number of customers.

3-Increase how often your customers make purchases.

4-Increase the amount that customers purchase.

5-Increase the efficiency of product/service creation.

Explanation:

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3 years ago

Eppich Corporation has provided the following data for the most recent month: Raw materials, beginning balance $ 20,500 Work in

Nesterboy [21]

Answer:

Raw Materials T - Account

Debit :

Beginning Balance $ 20,500

Raw materials purchases $ 79,100

Total $99,600

Credit :

Raw materials used in production $ 77,900

Closing Balance $ 21,700

Total $99,600

Overheads T - Account

Debit :

Manufacturing overhead costs incurred $ 92,500

Totals $ 92,500

Credit :

Manufacturing overhead applied $ 72,800

Understatement of Overheads $ 19,700

Totals $ 92,500

Work In Process T - Account

Debit :

Beginning Work In Process $ 32,800

Raw materials $ 77,900

Direct Labor $ 52,800

Manufacturing overhead applied $ 72,800

Totals $236,300

Credit :

Transferred to Finished Goods $ 190,000

Ending Work In Process $46,300

Totals $236,300

Finished Goods T - Account

Debit :

Beginning Balance $ 50,800

Transferred from Work In Process $ 190,000

Totals $240,800

Credit :

Trading Account $ 221,700

Ending Balance $ 19,100

Totals $240,800

Cost of Goods Sold = $241,400

Explanation:

Cost of Goods Sold = $ 221,700 + $ 19,700 (under-applied overheads)

= $241,400

6 0

4 years ago

trighton's trailer co. sells all kinds of trailers and provides a one-year warranty on all new trailer sales. based on history,

matrenka [14]

At the end of the month, Trighton will record $600 in warranty expenses.

Expenses is a term used in economics that can be described as the amount that is incurred in making a commodity or a product. These are the basic inputs that the firm has to acquire to maintain a particular product or products.

Trighton anticipates a return of 2% and will have a warranty cost of $100 per trailer. As Victor sold 300 trailers for a total of $255,000, the total cost that would be incurred will be with respect to the anticipated return of 2% on the warranty cost and the number of the visitors or the seller have sold to the customer. Therefore the amount Trighton will record in warranty expenses is calculated as follows;

= 300 x.02 x $100

= $600

Although a part of your question is missing, you might be referring to this question:

Trighton's Trailer Co. sells all kinds of trailers and provides a one-year warranty on all new trailer sales. Based on history, Trighton anticipates that 2% of trailers will be returned and will have a warranty cost of $100 per trailer. During the month, Victor sold 300 trailers for a total of $255,000. At the end of the month, Trighton will record $____________ in warranty expense.

To learn more about warranty expense; click here:

brainly.com/question/14179463

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4 0

1 year ago

↑ State 4 ways in which a business may increase its profit ​

↑ State 4 ways in which a business may increase its profit