Answer:
D. earning a bachelor's degree to become an interior designer
Explanation:
in accrual basis accounting, revenue is recorded when the seller's product is shipped or service is provided.
Revenue is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales.
Even though the cash for the transaction has not yet been exchanged, accruals are earnings or expenses that have an influence on a company's net income on the income statement. Due to the non-cash assets and liabilities they involve, accruals also have an impact on the balance sheet.
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Answer:
The statement is True.
Explanation:
There are many forms of business. Partnership, limited liability, sole proprietor, commercial, etc. Sole proprietorship is a business that is owned and run by a single person. That person is the owner of the business. We can call him an entrepreneur, or sole proprietor, or single trader, etc. There are many disadvantages of running business individually, as you are the one who is solely responsible for all the liabilities of the business. But at the same time, sole proprietorship has some benefits associated with it for the small business owners. The main advantage of running the business single handed is to enjoy the whole profit made out of the business. When the owner is responsible for all the liabilities of the company, just like that, he is the one who is receiving all the profits from the business. So when business is small, there is no need to divide the small amounts of profits between the shareholders. All the profit is kept by the individual owner.
Answer:
$560
Explanation:
Add all the costs:
Materials $8,000
Labor $4,000
Overhead $1,000
And we will get the Total Manufacturing Cost of $13,000.
Then, add the Beginning Work in process of $5,000 to get the Cost of goods put into process of $18,000.
Now, deduct the Ending Work in process of $4,000 to get the Cost of goods manufactured of $14,000.
Since they promptly ships the goods, the $14,000 will automatically be the Cost of Goods Sold.
Finally, to get the cost per machine, just divide $14,000 by the 25 machines and we will get the $560 cost per machine.
Answer:
I think its c
Explanation:
it says she has been in a furniture company so that kinda answer away a bit easy if it's not then sorry
