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SVEN [57.7K]
3 years ago
15

Which spreadsheet type will determine how well a business has done over the past year?

Business
2 answers:
Scilla [17]3 years ago
8 0
A profit and loss statement<span> will determine how well a business has done over the past year.The profit and loss statement is a financial statement which shows revenue, costs and all expenses that happened during a said period of time. Most companies do this quarterly or yearly. </span>
strojnjashka [21]3 years ago
6 0

Answer:

B. Profit-and-loss statement

Explanation:

The balance sheet shows the assets and liabilities of an entity but not the performance.

How well a business has done is a measure of the revenue the company makes with a consideration of the cost incurred in generating this revenue.

The net of the revenue and cost gives the income of the entity.

Such information is only available in the Profit-and-loss statement.

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ProTech began business at the start of the current year. The company planned to produce 40,000 units, and actual production conf
xxTIMURxx [149]

Answer:

$230,000

Explanation:

Calculation for what the company's absorption-costing income would be:

First step is to calculate the Fixed manufacturing per unit

Fixed manufacturing per unit = $240,000 ÷ 40,000

Fixed manufacturing per unit= $6

Second step is to calculate the per units cost using this formula

Per Unit cost = Sales − Variable costs − Fixed OH

Let plug in the formula

Per Unit cost = $42 − $19 − $7 − $6 = $10 × 37,000

Per Unit cost = $370,000

Now let calculate the what the company's absorption-costing income would be

Absorption-costing=$370,000 − $140,000

Absorption-costing= $230,000

Therefore the company's absorption-costing income would be:$230,000

4 0
2 years ago
An investor owning 400 shares of stock receives notice that the stock will be split. When the split is complete, the customer ow
tia_tia [17]

Answer:

800....................

7 0
3 years ago
Steven's Co. provides the following sales forecast for the next three months: July August September Sales units 5,000 5,700 5,56
Ipatiy [6.2K]

Answer:

d. 5,175 units.

Explanation:

The computation of the budgeted production units for July is shown below:

= Sale units + ending inventory units - beginning inventory units

where,  

Sale units is 5,000 units

Ending finished inventory units = 5,700 units × 25% = 1,425 units

Beginning finished inventory units = 1,250 units

Now put these units to the above formula  

So, the units would equal to  

= 5,000 units + 1,425 units - 1,250 units

= 5,175 units

5 0
3 years ago
Acme Partnership reported the following items of income and expense: Sales $200,000 Cost of goods sold 115,000 Interest expense
Yanka [14]

The amount that ACME Partnership should report as ordinary income is $83,000.

Data and Calculations:

Sales Revenue =          $200,000

Cost of goods sold =       115,000

Gross profit =                 $85,000

Administrative expenses  2,000

Operating income =    $83,000

Interest expense             13,000

Taxable income           $70,000

Charitable contributions 2,000

Long-term capital gain  10,000

The operating income is the ordinary income before determining the eligibility of the charitable deductions and the long-term capital gain.

Thus, the ordinary income of ACME Partnership is $83,000.

Learn more: brainly.com/question/25056982

4 0
2 years ago
Rainbow Paints Inc. is a leading paints company in Pakistan. In June 2019, the higher management of the company deliberated and
kykrilka [37]

Answer:

Rainbow Paints Inc., Pakistan Vs XingPe Chemicals, China

1. Win-Lose Approach:  Rainbow Paints Inc. was under an immense pressure to deliver on "production targets for the 2020."  However, it approached the negotiation aggressively and assertively, blaming the Chinese company for its failure to deliver the required chemicals for its production.  It did not care about the Coronavirus pandemic that is ravaging the world.  It should not be confrontational in its approach.  Business relationships are not maintained in such atmospheres.  It must think long-term and not short-term.  It should have tried to reduce its losses by minimizing its costs, using all possible means.  Rainbow Paints, in its blindness, is even seeking for not only a compensation but the return of their payments, to ensure that the Chinese company bears the losses wholly.  Such a negotiating strategy lacks common sense, fairness, and friendly business relationships.

2. Win-Win Approach:  XingPe Chemicals approached the negotiation, seeking understanding.  It cannot be blamed for the pandemic, unless it should have supplied before the outbreak.  Its approach contrasts with the confrontational, aggressive, and assertive method being followed by the Pakistani company.  Its approach is integrative and accommodating.  It is even willing to share the losses of Rainbow Paints while Rainbow Paints was trying to push all of the losses to it.

Explanation:

There are many approaches to negotiation.  Some prefer the Win-Lose, Lose-Lose, Compromise, or Win-Win approaches.  The best for long-standing business relationships is the Win-Win approach, because it integrates and accommodates the interests of both parties.  However, different situations call for the approach or combination of approaches to adopt.

5 0
2 years ago
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