All categories

1 year ago

The credit balance in cash short and over at the end of an accounting period is reported as?

1 answer:

7 0

The credit balance in cash short and over at the end of an accounting period is reported as an expense on the income statement.

Income is the consumption and savings opportunity that a business captures within a specific time frame, usually expressed in money. Income is difficult to define conceptually and definitions vary by region.

The definition of income is the amount of money received by an individual, group or business during a specified period. An example income is an annual salary of $70,000.

Income is money received by an individual or business in return for providing work, producing goods or services, or investing capital. While individuals usually earn their income through wages or salaries, businesses generate income from the sale of goods or services that exceed their production costs.

Learn more about income here:brainly.com/question/25745683

#SPJ4

You might be interested in

the southern division of knucklehead company has a return on investment of 15% and an investment turnover of 1.2 what is the pro

lutik1710 [3]

The profit margin of the Southern division of Knucklehead Company is 12.5%.

<h3>What is meant by profit margin?</h3>

Profit margin evaluates how much of each dollar in sales or services your company retains from its earnings and is stated as a percentage. When the net income of the business is divided by the net sales or revenue, the result is the profit margin. Profit margin is calculated as profit multiplied by revenue.

There is a net profit margin as well as a larger gross profit margin (smaller). A bigger profit margin is always preferred because it indicates that the business makes more money from its sales. Profit margins indicated in percentage, however, might differ by industry. Retail businesses may have lower profit margins than growth companies, but they make up for this with bigger sales volumes.

A division's return on investment (ROI) = profit margin x investment turnover.

Given:

0.15 = profit margin x 1.20.

Profit margin = 0.15 / 1.2 = 0.125

So, 0.125 x 100 = 12.5%

To learn more about profit margin, visit:

brainly.com/question/13412841

#SPJ1

8 0

1 year ago

Riverrun Co. provides medical care and insurance benefits to its retirees. In the current year, Riverrun agrees to pay $45,500 f

lbvjy [14]

Answer:

The Solution is given below in the

Explanation:

Requirement 1: Solution

Entries Debit Credit

Employee Benefits Expense $55,500

Medical insurance payable $45,500

Retirement program $10,000

Requirement 2: Solution

As the retirement program money is paid after 5 years it should be classified as a non-current liability as per the International accounting standard(Presentation of financial statements).

3 0

4 years ago

"You have been hired as a consultant by a new company to develop a strategic prospecting strategy. The company brews and bottles

11Alexandr11 [23.1K]

Answer: One of what is necessary in product marketing is identifying the industry and the sector that uses this product. The company doesn't sell direct to consumers and considering the components of the tea, I would recommend a plan that targets the health industry.

Explanation:

One of what is necessary in product marketing is identifying the industry and the sector that uses this product. The company doesn't sell direct to consumers and considering the components of the tea, I would recommend a plan that targets the health industry. The tea product focuses on health with natural ingredients with antiaging and anti-carcinogens, also they are rich in vitamins. The recommended plan of targeting the health is to propose the product as medicinal or a supplement, which the health institution can recommend for her customers. One of the ways the products can be marketed to the clients to the last consumer is by mentioning the merits of taking them alongside other medication.

The strategic plan would mapping out health agencies that are in my town, draft out magazines, fliers about the product, so that anyone who comes across them can read them. After these health agencies have been visited, we track down the progress of how they are receptive to using the products and how their clients are responding to them

7 0

3 years ago

Jeremy runs a SCUBA diving shop in Cozumel, Mexico. Jeremy has tailored his diving operation to serve serious divers preferring

balandron [24]

Answer: Target market

Explanation:

The target market is one of the group of the customers where the various types of firms are targeting for the purpose of selling their products and the services.

For developing the various types of marketing based plans in an organization the target market is one of the initial step in the planning process.

According to the given question, Jeremy is running the shop in mexico where they sell the Scuba diving equipment and he start making the various types of marketing programs for the purpose of attract the diver by using the target market.

Therefore, Target market is the correct answer.

6 0

4 years ago

In your own words, define “ study habits.”

scZoUnD [109]

Answer:

Study skills, academic skill, or study strategies are approaches applied to learning. They are generally critical to success in school, considered essential for acquiring good grades, and useful for learning throughout one's life.

I don't know if that was the answer you were looking for.. but that's the best I can do.

8 0

3 years ago

Read 2 more answers