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4 years ago

Wich entry would record the payment of a utility bill

Business

1 answer:

Bad White [126]4 years ago

5 0

Debit to utility expense and a credit to cash. Therefore the answer is C.

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?khokho's coffee house was the first company to introduce flavored coffee in the global market. it sells coffee in several diffe

LuckyWell [14K]

The answer to this question is "product invention". Kho Khao's coffee house is currently involved in product invention when it is the first coffee house that introduced a flavored coffee locally and in the global market. It also sells coffee in several and different flavors such as blueberry, cinnamon, and cranberry. It was based on the flavors preferred in the target country.

7 0

3 years ago

Which of the following will probably happen to a product when demand is low?

9966 [12]

Answer:

Answer = B

Explanation:

If nit many people want a product the seller would lower the price to make it seem like a bargain or make it more affordable

3 0

2 years ago

During March, a music store had net sales of $270,000. The gross profit was $121,500 and the operating expenses were $108,000. A

lozanna [386]

Answer:

Gross profit margin = 45%

Net income = $13,500

Net profit margin = 5%

Explanation:

Net sales = $270,000.

Gross profit = $121,500

Operating expenses = $108,000

Gross profit margin = (Gross profit ÷ net sales) × 100

Gross profit margin = $(121,500 ÷ 270,000) × 100

Gross profit margin = 0.45 × 100 = 45%

Net income for March :

Gross profit - Total expenses

$121,500 - $108,000 = $13,500

Net profit margin :

(Net profit ÷ net sales) × 100

(13500 ÷ 270,000) × 100

Net profit margin = 5%

3 0

3 years ago

A company had average total assets of $937,000. Its gross sales were $1, 099,000 and its net sales were $960,000. The company's

Sergio039 [100]

Answer:

The answer is 1.02

Explanation:

Asset turnover is an effiency ratio and it measures the how efficient a company is using its asset to generate profit.

The formula is Revenue or net sales / total asset

Revenue or net sales = $960,000

Total asset = $937,000

$960,000/$937,000

= 1.02

This ratio means that for every dollar in assets, the company generates $1.02

3 0

3 years ago

The following information is available for Sunland Company

Oksanka [162]

Answer:

Sunland Company

Balance Sheet as at December 31, 2022

ASSETS

Non - Current Assets

Equipment (net) 110,500

Total Non - Current Assets 110,500

Current Assets

Inventory 2,900

Supplies 3,740

Accounts receivable 3,400

Cash 6,200

Total Current Assets 16,240

Total Assets 126,740

EQUITY AND LIABILITIES

Equity

Common stock 50,600

Retained Earnings 36,660

(126,740 - 39,480 - 50,600)

Total Equity

Liabilities

Current liabilities

Accounts payable 4,800

Interest payable 520

Unearned service revenue 860

Salaries and wages payable 800

Total Current liabilities 6,980

Non - Current liabilities

Notes payable 32,500

Total Non - Current Liabilities 32,500

Total Liabilities 39,480

Total Equity and Liabilities 126,740

Explanation:

A Balance Sheet shows the Assets, Liabilities and Equity as at the Reporting date.

The Retained Earnings have been calculated as 126,740(Total Assets) - 39,480 (Total Liabilities) - 50,600 (Common Stock) = $50,600.

3 0

3 years ago