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4 years ago

Why are batteries not included in toys?

1 answer:

7 0

They can be easily swallowed by children and can also be toxic. It sometimes happens that they break and release their contents,contaminating the toys and making them unsafe for further use.

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An insurance company submits payment to a medical practice, along with a document that details the patients and accounts for whi

Alexxx [7]

The correct answer is remittance advice

The remittance advice is this evidence paper that payment has been made. All of the others are not payment evidence, but rather ways of paying.

6 0

4 years ago

Which accounts are found on an income statement?.

Ksenya-84 [330]

Answer:

Revenue. Contains revenue from the sale of products and services. Could be segregated into additional accounts to record sales for particular products, regions, or other classifications.

Sales discounts. This is a contra account, containing discounts granted to customers from the gross sale price.

Cost of goods sold. Contains the cost of manufactured goods or merchandise sold during the period. Could be segregated into additional accounts to record the costs of direct materials, direct labor, and factory overhead.

Compensation expense. Contains the costs of salaries and wages incurred during the reporting period for all employees. This includes bonuses, commissions, and severance pay.

Depreciation and amortization expense. Contains the periodic depreciation and amortization charges associated with tangible and intangible fixed assets.

Employee benefits. Contains the employer-paid portions of the costs of numerous benefits, such as medical insurance, life insurance, and pension plan contributions.

Insurance expense. Includes the recognized cost of insurance, such as for building insurance or general liability insurance.

Marketing expenses. Contains the costs of a variety of expenses, including advertising, publications, and brochures.

Office supplies expense. Contains the costs of all incidental supplies incurred by the business that are not related to production activities.

Payroll taxes. Contains the employer-paid portions of payroll taxes, such as social security.

Professional fees. Contains the costs of auditors, attorneys, and consultants.

Rent expense. Contains the cost of lease payments on facilities and land being leased by the entity.

Repair and maintenance expense. Contains the costs of all repair and maintenance activities incurred by the business that are not related to production activities.

Taxes. Contains property taxes, use taxes, and other taxes charged by local governments.

Travel and entertainment expense. Contains the costs of all airfare, mileage reimbursement, hotels, and related expenses incurred by employees.

Utilities expense. Contains the costs of telephones, electricity, gas, and so forth.

Income taxes. If the entity is subject to income taxes, the amount is recorded in this account.

6 0

2 years ago

Spring Supermarket gives its customers VIC (very important customer) cards, which give customers additional discounts on certain

ElenaW [278]

Answer:

B. loyalty program.

Explanation:

Loyalty program: It is a marketing strategy used by the retailer to retain customers and encourage the customer to make more purchases, this program also helps in attracting new customers. Benefits in this program are the rewards to loyal customers. There are different types of customer loyalty programs been launched by different companies. There are points been distributed to customers for every purchase they make and they can redeem those points on their next purchase. It is important in a loyalty program to keep rules simple for points redemption for the customer.

In the given case, Spring supermarket is giving customer VIC cards, which is helpful in getting discounts, points for each purchase and information to the loyal customer. Therefore, the supermarket is using the loyalty program.

6 0

3 years ago

An important economic problem associated with monopolies is that, at the profit-maximizing equilibrium rate of output, resources

Andrew [12]

Answer:

Explanation:

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is a utility company

Because the demand curve for a monopoly is downward sloping, marginal revenue is less than price. As prices fall, more units of the product are bought.

In a monopoly When the average cost is falling, the marginal cost lies below the average cost. If the government sets price to be equal to marginal cost, which lies below the average cost, the monopoly would incur losses.

7 0

3 years ago

A person's labor income is equal to the __________ times __________. the return on savings that a person receives is referred to

GrogVix [38]

A person's labor income:
WAGE RATE A PERSON EARNS times NUMBER OF HOURS A PERSON WORKS.

For example: $8 per hour ; 8 hours per day
labor income per day = 8 per hour * 8 hours per day = $64 per day.

ASSET INCOME is the return on savings that a person receives. Savings is an asset. The earnings generated from these savings are identified as asset income.

6 0

4 years ago