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Dimas [21]
3 years ago
15

When creating a chart or graph, which should be completed first?

Business
1 answer:
daser333 [38]3 years ago
4 0
When making a chart you should def put the lines first 
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Last quarter, RP Enterprises earned $220,000 in sales revenue and had $90,000 cost of goods sold (at standard). RP also experien
Rudik [331]

Answer:

Gross profit= 131,500

Explanation:

Giving the following information:

Last quarter, RP Enterprises earned $220,000 in sales revenue and had $90,000 cost of goods sold (at standard). RP also experienced these variances: Materials price: $2,400 F Materials quantity: $1,400 U Labor price: $2,000 U Labor quantity: $1,000 F Overhead: $1,500 F

To calculate the cost of goods sold, we use actaul costs and quantity of direct labor and direct materials. Therefore, the only estimated cost is overhead.

Gross profit= 220,000 - 90,000 + 1,500= 131,500

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One of the usual differences between financial and managerial accounting is the time dimension of the information reported.
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False management account is the time
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At the cinemas, diet cola and peppy soda are the two most popular brands of cola sold to customers through vending machines. thi
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Based on the description above, it is an example called automated retailing. This is being described as a self-service category in which individuals are likely to buy products from a machine that sells products in a way that they reach the customers in a more innovative and a non-traditional technique that makes it more appealing to the public.
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2 years ago
The management at Joy, a local jewelry store in London, has hired a comparison shopper to visit other local jewelry stores to ga
ASHA 777 [7]

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b. competitive intelligence

Explanation:

<em>Competitive intelligence is the information a company collects about its rivals, business environment, and industry in order to analyze it to develop more effective business strategies.</em>

I hope you find this information useful and interesting! Good luck!

5 0
3 years ago
The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics Internation
notka56 [123]

Answer:

Gravure Graphics International

General Journal:

Jan 2, 2015:

Debit  Storage Shed $87,000

Credit Cash Account $87,000

To record the purchase of storage shed components.

Jan 3, 2015:

Debit Storage Shed $3,000

Credit Cash Account $3,000

To record the payment for shed erection.

April 1, 2015:

Debit Pickup Truck $39,000

Credit Cash Account $39,000

To record the purchase of a pickup Truck

May 13, 2015:

Debit Truck Repair Expense $400

Credit Cash Account $400

To record the payment for repairs.

July 1, 2015:

Debit Patent Rights $28,000

Credit Cash Account $28,000

To record the purchase of patent rights.

Dec. 31, 2015:

Debit Depreciation Expense - Storage Shed $8,400

Credit Accumulated Depreciation - Storage Shed $8,400

To record the depreciation expense for the year.

Debit Depreciation Expense - Pickup Truck $5,250

Credit Accumulated Depreciation - Pickup Truck $5,250

To record the depreciation expense for the 9 months.

Debit Impairment Expense - Patent Rights $2,800

Credit Accumulated Impairment- Patent Rights $2,800

To record the impairment expense for the 6 months.

June 30, 2106:

Debit Depreciation Expense- Pickup Truck $3,500

Credit Accumulated Depreciation- Pickup Truck $3,500

To record depreciation expense for the half year.

Debit Accumulated Depreciation - Pickup Truck $8,750

Credit Sale of Truck $8,750

To transfer the balance to Sale of Truck.

Debit Sale of Truck $39,000

Credit Pickup Truck $39,000

To record the transfer to Sale of Truck.

Debit Cash Account $33,000

Credit Sale of Truck $33,000

To record the sale of the pickup truck for cash.

Dec. 31, 2016

Debit Sale of Truck $2,750

Credit Gain on Sale of Truck $2,750

To record the gain on sale of truck.

Debit Depreciation Expense - Storage Shed $8,400

Credit Accumulated Depreciation - Storage Shed $8,400

To record the depreciation expense for the year.

Debit Impairment Expense - Patent Rights $25,200

Credit Accumulated Impairment- Patent Rights $25,200

To write down the book value to zero.

Explanation:

a) Depreciation / Impairment Expenses:

1) Storage Shed = $8,400 ($87,000 + 3,000 - 6,000) / 10

2) Pickup Truck = $7,000 ($39,000 - 4,000) / 5

for 2015 = $5,250 ($7,000 x 9/12)

3) Patent Rights = $5,600 ($28,000/5)

for 2015 = $5,600 /2 = $2,800

4) Truck for 2016: $7,000/2 = $3,500

5) Depreciation is an accounting method for expensing the cost of a fixed asset over its useful life.  It is based on estimate and there are many methods for estimating the depreciation expense for the various fixed assets.

6) Impairment is like depreciation as a method for expensing cost of an asset.  The difference is that while depreciation is used for tangible non-current assets, impairment is for intangible non-current assets.  Another difference is that impairment is determined at the end of the period when the asset is checked for impairment based on fair value.

8 0
3 years ago
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