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1 year ago

The difference between total revenue and total cost is

1 answer:

4 0

The revenue is defined as the total income a business receives from selling a good or service to its customers. The cost is defined as the total expenses that are incurred in the production of goods or services by any individual or organisation.

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For each of the items indicate whether its amount affects the bank or book side of a bank reconciliation and is an addition or a

gulaghasi [49]

Answer:

The correct answer is:

a) Unrecorded deposits : bank addition

b) Interest on cash balance : book addition

c) Bank service charges : book subtraction

d) Debit memos : book subtraction

e) Outstanding Checks : bank subraction

f) Credit memos : book addition

g) NSF checks : book subtraction

Do unrecorded deposits require an adjusting journal entry? No

Does interest on cash balance require an adjusting journal entry? Yes

Do bank service charges require an adjusting journal entry? Yes

Do debit memos require an adjusting journal entry? Yes

Do outstanding checks require an adjusting journal entry? No

Do credit memos require an adjusting journal entry? Yes

Do NSF checks require an adjusting journal entry? Yes

8 0

4 years ago

Read 2 more answers

Charlie is a manager who, every week, has to review and approve reports, monitor the performance of subordinates, set the vision

Illusion [34]

Charlie is a manager who, every week, has to review and approve reports, monitor the performance of subordinates, set the vision and goals for the team, set the structure for the team, and communicate with executives. However, Charlie seems to be in meetings all of the time and has little time to review and approve reports. Charlie is most likely experiencing a hard time at work

<h3>Who is a manager?</h3>

A manager is a leader who have people who directly reports to him. He is charged with the duty of supervision am ensuring that a company goal and objective is achieved.

Therefore, Charlie seems to be in meetings all of the time and has little time to review and approve reports. Charlie is most likely experiencing a hard time at work.

Learn more on manager below

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2 years ago

Verification: Is 18100 Von Karman Ave STE 400 the correct address to the cocomelon production. If yes, thanks for your response.

PIT_PIT [208]

Answer:

hi yes correct

Explanation:

5 0

3 years ago

Read 2 more answers

Why has globalization resulted in increasing environmental damage around the world?

Lubov Fominskaja [6]

Those who support this bleak view of globalization argue it creates global competition, resulting in a boost in economic activities that deplete the environment and its natural resources. The increased economic activity leads to greater emissions of industrial pollutants and more environmental degradation.

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3 years ago

Purchases Budget in Units and Dollars Budgeted sales of The Music Shop for the first six months of 2014 are as follows: Month Un

inessss [21]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Sales:

January 130,000

February 160,000

March 200,000

April 215,000

May 180,000

June 240,000

Beginning inventory for 2014 is 30,000 units.

The budgeted inventory at the end of a month is 40 percent of units to be sold the following month.

The purchase price per unit is $5.

To calculate the production required for each month, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

January:

Sales= 160,000

Desired ending inventory= (160,000*0.4)= 64,000

Beginning inventory= (30,000)

Total= 164,000

Total cost= 164,000*5= $820,000

February:

Sales= 130,000

Desired ending inventory= (200,000*0.4)= 80,000

Beginning inventory= (64,000)

Total= 146,000

Total cost= 146,000*5= $730,000

March:

Sales= 200,000

Desired ending inventory= (215,000*0.4)= 86,000

Beginning inventory= (80,000)

Total= 206,000

Total cost= 206,000*5= $1,030,000

April:

Sales= 215,000

Desired ending inventory= (180,000*0.4)= 72,000

Beginning inventory= (86,000)

Total= 201,000

Total cost= 201,000*5= $1,005,000

May:

Sales= 180,000

Desired ending inventory= (240,000*0.4)= 96,000

Beginning inventory= (72,000)

Total= 204,000

Total cost= 204,000*5= $1,020,000

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4 years ago