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3 years ago

What does 5. Accounting mean

Business

1 answer:

fiasKO [112]3 years ago

8 0

"It's a s<span>ystem of recording business transactions and analyzing, verifying, and reporting the results"</span>

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Joss is a marketing consultant. Iris and Daphne are potential customers interested in commissioning Joss to undertake a market s

posledela

Answer: d. both Iris and Daphne will want to purchase Joss's services but Joss will not be willing to undertake the job.

Explanation:

Iris will want Joss's services but they will be unable to afford them as Iris is only willing to pay $500 whereas Joss wants $1,200 for the job.

The same goes for Daphne who is only willing to pay $800.

Both of them will therefore want to hire Joss but will be unable to.

Joss could however charge both of them their willingness to pay and then sum the cash up and give them both the research whilst still making a profit.

6 0

2 years ago

"Redfox Pest Control Service had revenues of $425,000 and expenses of $338,000 for the current year, ended June 30. At the begin

andrew-mc [135]

Answer: The options are given below:

A. $292,000

B. $267,250

C. $205,250

D. $275,250

The answer is D. $275,250

Explanation:

Net profit = 425,000 - 338,000 = $87,000

Common Stock =110,000 + 25,000 = $135000

Retained Earnings = 70,000 + 87,000 = $157000

Less: Dividend paid = -$16,750

We will calculate shareholders equity as follows:

Total shareholders' Equity = common stock + retained earnings - dividend paid

=> $135000 + $157000 - $16,750

= $275,250

7 0

3 years ago

Read 2 more answers

The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production

Blizzard [7]

Answer:

$3,500

Explanation:

Under variable costing method, product costs are calculated on variable manufacturing costs only.

Step 1 : Determine unit Product Cost

Product Cost = Variable Manufacturing Costs

= $ 35

Step 2 : Determine the units in Inventory

Units in Inventory = Opening Stock + Production - Sales

= 0 + 7,210 - 7,110

= 100 units

Step 3 : Determine Inventory value

Inventory value = Units x Cost per unit

= 100 units x $ 35

= $3,500

Conclusion :

the ending inventory of finished goods under variable costing would be: $3,500

3 0

2 years ago

Advantages of supermarkets?

bazaltina [42]

Answer:

you can buy and get stuff in physical form.

Explanation:

8 0

3 years ago

Read 2 more answers

The key financial consideration in choosing between private and 3pl distribution options is __________________________________.

Anon25 [30]

I believe the answer is D!

Have a Warm and Wonderful Day!!

5 0

3 years ago