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Burka [1]
3 years ago
6

The _____ adds up the money earned by producers plus taxes paid to the government.

Business
1 answer:
Nikolay [14]3 years ago
8 0
Income Approach seems to fit best but i'm not quite sure.
Sorry if it's wrong.
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Which of the following sample planning factors would influence the sample size for a substantive test of details for a specific
Savatey [412]

Answer:

Option "A" is correct. Expected amount of misstatements

Explanation:

7 0
2 years ago
Read 2 more answers
If a department that applies process costing starts the reporting period with 40,000 physical units that were 80% complete with
andriy [413]

Answer:

True

Explanation:

<em>Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work. These units are determined as follows: </em>

Equivalent units = Degree of work done(%) × units of inventory

Equivalent units

<em>Direct material:</em>

Balance of work = 100-80 = 20%

Equivalent of work to be added = 20% × 40,000 = 8,000

<em>Labour</em>

Balance of work = 100-50= 50%

Equivalent of work to be added =50% × 40,000 = 20,000 units

                                    <em>Equivalent of work to be added(units)</em>

Material                               8000                                  

Labour                               20,000

8 0
2 years ago
For both unearned revenues and prepaid expenses, the cash payment occurs __________ the adjusting entry to record the earning of
alex41 [277]

Answer:

The correct answer that fills the gap is <em>d. before.</em>

Explanation:

Everything that happens in the business must be registered in the accounting system, so that the newspaper and the major contain a complete history of all the commercial operations of the period. If an operation or transaction has not been registered, account balances will not show the correct figure at the end of the accounting period.

The seats with which the accounts are adjusted or updated are called adjustment seats. If the adjustment does not affect an income or expense account, it is not an adjustment entry.

The income can be earned (accrued) before the cash is received from the client, or from accounting for the transaction in the accounting records. These are revenues that have been earned but the corresponding cash has not yet been collected.

The adjustments made to the income accounts are necessary to ensure that all income earned in the period has been recorded in the accounting. In order for the net profit to be expressed correctly in the income statement. There are two types of income adjustment:

  • Cumulative income not collected.
  • Customer advances.
5 0
2 years ago
Equity is A. always achieved by the market. B. when poorer​ people's income is growing more rapidly than more wealthy​ people's
lutik1710 [3]

Answer:

C. the fair distribution of economic benefits

Explanation:

In economics, there is equity in resource distribution if resources are distributed in such a way as to ensure fairness and justice.

In a command economy, in order to ensure justice and fairness, the government is charged with the responsibility of redistributing economic resources. While in a capitalist economy, the price system does the work of income redistribution.

The question of equitable resource distribution can be achieved through pareto  optimal allocation of resources, Vilfredo Pareto  in his book “Manual of Political Economy”, 1906. A Pareto-optimal allocation of resources is achieved when it got to a point where it is impossible to make anyone better off without making someone else worse off.

4 0
3 years ago
LO 3.1A company’s product sells for $150 and has variable costs of $60 associated with the product. What is its contribution m
Pavel [41]

Answer:

$90

Explanation:

The formula and the computation of the contribution margin per unit are presented below:

Contribution margin per unit = Selling price per unit - variable cost per unit

                                               = $150 - $60

                                               = $90

If we deduct the variable cost per unit from the selling price per unit, then the contribution margin per unit can arrive

We only considered the selling price and the variable cost per unit

3 0
3 years ago
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