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3 years ago

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

2 answers:

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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A decline in interest rates is expected to __________.

Softa [21]

A decline in interest rates in expected to increase economic growth.

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3 years ago

Read 2 more answers

Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 2.05 feet of leather and

Katarina [22]

Answer:

1. $3.20 x 2.20 = $7.04

2. It will be favorable.

3. It will be unfavorable.

4. Direct material price variance = $22

Direct material quantity variance = 0.48

Explanation:

1. Standard direct cost per unit=cost of direct materials price x direct material standard quantity per unit.

2. It will be favorable because they expected or had budgeted to pay $3.60 per foot for the material but the actual cost became $3.20. So they pay $0.40 less than they had expected to pay.

3. It will be unfavorable because they had planed or budgeted for each unit to use 2.05 feet of leather but they ended up needing 2.20 feet of leather per collar so that means they under budgeted by 0.15 feet.

4. Direct material price variance =( $3.60 x 55) less ($3.20x55)=$22

The total amount that was budgeted or expected to be paid is subtracted from the total actual price that was paid.

Direct material quantity variance = (2.05x$3.20) less (2.20x$3.20)= -0.48

The total direct material quantity that is used is subtracted from the quantity that was expected to be used.

5 0

2 years ago

Which of the following would tend to shift the supply of dollars in the market for foreign-currency exchange in the open-economy

scoundrel [369]

Answer:

The right answers are either b. or d., or both.

Explanation:

When the dollar loses value, there is higher demand for foreign imports in a country because they become cheaper. When the dollar gains in value, a foreign country´s exports increase. Changes in the value of currencies reflect changes in demand and supply. An increase in exports will shift the demand curve of the dollar higher. A reduction of imports will have a contrary effect.

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3 years ago

Mr. Rodriguez is caring his suitcase to his room. He sees a sign indicating that elevators are ahead. Now, he knows where he is

DiKsa [7]

Answer:poop

Explanation:

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2 years ago

Which statement about journal entries in QuickBooks Online is true?

IgorLugansk [536]

Answer:

C. Your client can’t create an Adjusting Journal Entry.

Explanation:

In QuickBooks Online Accountant you (the accountant) make the adjusting journal entries, not your clients. It is like saying that you operate yourself while your doctor drinks coffee besides your bed.

the other options are wrong:

A. A Journal Entry cannot be used to account for depreciation of an asset. ⇒ FALSE, QuickBooks doesn't automatically depreciate an asset, the user must do this through journal entries.

B. The Accountant user can’t create an Adjusting Journal Entry in QuickBooks Online. ⇒ FALSE, when using QuickBooks Online Accountant you can create adjusting entries just like any other regular entry.

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3 years ago