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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

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When a home is constructed, consideration is given to the positioning of the building relative to its surroundings and the sun,

oksian1 [2.3K]

Answer:

The correct answer is letter "C": orientation.

Explanation:

Building orientation refers to the positioning of a building at the moment of its construction considering seasonal variations, the sun's path, and wind patterns. It is important at the moment of increasing the natural energy of the house since it can save important amounts of money in power service due to heating, lighting, and cooling.

In such a way, a correct building orientation contributes a house to feel more comfortable if it has more sunlight or cool breezes during summer.

4 0

4 years ago

The controller of Ashton Company prepared the following projected income statement: Sales $88,000 Total Variable cost 70,400 Con

Zepler [3.9K]

Answer:

Contribution margin ratio = 20%

Explanation:

We know, contribution margin is the difference between sales revenue and variable expenses, while the contribution margin ratio expressed as a parentage between the contribution margin and company sale.

We know,

contribution margin ratio = (contribution margin ÷ sales revenue) × 100

Given,

Contribution margin = $17,600

sales revenue = $88,000

Putting the value into the formula, we can get

contribution margin ratio = ($17,600 ÷ $88,000) × 100

or, contribution margin ratio = 0.2 × 100

Contribution margin ratio = 20%

6 0

3 years ago

This motion enforces the rules of an organization?

NemiM [27]

I believe the answer is D!

Have a Warm and Wonderful Day!!

4 0

4 years ago

At the beginning of 2020, Concord Company acquired a mine for $3,251,600. Of this amount, $124,000 was ascribed to the land valu

Sav [38]

Answer:

A. $737,520

B. $530,320

Explanation:

a. Computation for the total amount of depletion for 2020.

First step is to calculate the Depletion Rate

Depletion Rate = ($3,251,600 - $124,000 + $49,600 + $210,800)/12,100,000

Depletion Rate= $3,388,000/ 12,100,000

Depletion Rate= 0.28

Now let calculate the total amount of depletion for 2020.

2020 Total amount of depletion= 0.28 × $2,634,000

2020 Total amount of depletion= $737,520

Therefore the total amount of depletion for 2020 is $737,520

B. Computation for the amount that is charged as an expense for 2014 for the cost of the minerals sold during 2020.

Expense amount charged= ($737,520/$2,634,000)* 1,894,000

Expense amount charged=0.28 *1,894,000

Expense amount charged=$530,320

Therefore the amount that is charged as an expense for 2014 for the cost of the minerals sold during 2020 is $530,320

7 0

3 years ago

Suppose that Portugal and Switzerland both produce fish and olives. Portugal's opportunity cost of producing a crate of olives i

Rashid [163]

Answer:

Portugal has comparative advantage in producing olives.

Switzerland has comparative advantage in producing fish.

Portugal can gain from trade if it receives more than 3 pounds of fish per crate of olives.

Switzerland can gain from trade if it receives more than 1/11 of olives for each pound of fish.

d. 18 pounds of fish per crate of olives.

Explanation:

Switzerland and Portugal both countries can produce Olives and fish. One country has advantage in producing fish while other has advantage in producing olives. Both countries can gain from trade if they find a intermediary way so that both countries can be in win win situation. It is beneficial for Portugal if it trades with Switzerland if it receives more than 3 pounds of fish.

4 0

3 years ago