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4 years ago

13

Imagine you are looking at a bottle of salad dressing containing oil, vinegar, and water. you notice that the oil sits on "top"

of the other liquids. this is due, in part, to the fact that:

1 answer:

user100 [1]4 years ago

4 0

The oil is denser
the water and vinegar are not as dense

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A law firm received $2,000 cash for legal services to be rendered in the future. The full amount was credited to the liability a

Elodia [21]

Answer: d. revenues to be understated.

If the services have been rendered but the revenue is not recorded it means that your accounts will show less revenue than you have actually earned as in accounting revenue is recognized as soon as the service is rendered, thus not recognizing the revenue when the service is rendered will understate the revenues.

Explanation:

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3 years ago

First Class, Inc., expects to sell 20 comma 000 pool cues for $ 14.00 each. Direct materials costs are $ 2.00, direct manufact

Gnom [1K]

Answer:

COGS= $176,800

Explanation:

Giving the following information:

Direct materials costs are $2.00

Direct manufacturing labor is $6.00

Manufacturing overhead is $0.84 per pool cue.

Direct materials:

Beginning inventory= 26,000

Ending inventory= 26,000

Finished goods inventory

Beginning inventory= 1,700

Ending inventory= 3,500

First, we need to calculate the units produced:

Production= sales + desired ending inventory - beginning inventory

Production= 20,000 + 3,500 - 1,700

Production= 21,800

Now, the cost of goods sold:

COGS= (2 + 6 + 0.84)*20,000= $176,800

5 0

3 years ago

Jesse designs web sites and uses job order costing. On September 1, Jesse’s Work in Process account had a beginning balance of $

Elena L [17]

Answer:

Work in Process Inventory account at the end of September is $1,950

Explanation:

As all jobs at the beginning of september in the balance of Work in progress were finished, it's costs are now in Finished Goods Inventory. So are too, the two jobs started and finished during September. The Works in Process account records materials, labor and structure costs of order not finished yet at the end of the month.

At the end of september only Job 850 is not finished. The sum of materials, direct labor and overhed that is $1.950, is the balance of Work in Process Inventory account at the end of September.

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3 years ago

How can gross interest income rise while the net interest margin remains somewhat stable for a particular bank?

Alecsey [184]

Answer:

A bank acts like an intermediary between depositors and creditors. If the market interest rates increase, gross interest income will rise, but all gross interest expense. They will charge higher rates to borrowers, but also must pay higher rates to depositors. The spread probably remains unchanged because both sides increased.

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3 years ago

Which of the following income statement figures would probably be the best indicator of a company s future performance?

son4ous [18]

The income statement figures would probably be the best indicator of a company's future performance is <span>income from operations.

>I</span>ncome from operations or IFO <span>is the net </span>income of an entity, not including the impact of any financial activity or taxes. IFO <span>is the profit realized from a business' own operations.</span>

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3 years ago