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3 years ago

Which is NOT a major expense category?

Business

2 answers:

bija089 [108]3 years ago

8 0

Answer:

Explanation:

Food. Because you can get a Burger for a dollar..

Anestetic [448]3 years ago

5 0

Answer:

The answer is: C) electricity

Explanation:

Electricity is part of the Utilities and Services category (electricity, gas, water, cable, internet), it is not a category by itself. Some people include utilities and services under housing, but that is a mistake since housing expenses usually include rent or mortgage payments, house insurance, property taxes, maintenance and repairs.

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g An automobile dealer expects to sell 529 cars a year. The cars cost $11,000 plus a fixed charge of $500 per delivery. If it co

harkovskaia [24]

Answer:

Order size = 23 cars

The number of orders = 23

Explanation:

The economic order quantity (EOQ) is the order size that reduces the balance of holding and ordering cost. It is to be noted that at EOQ, the carrying cost is equal to the holding cost.

The EOQ is computed as shown below;

= √ 2 × Co × D)/Ch

Co = Ordering cost

D = Annual demand

Ch = Carrying cost

EOQ = √ 2 × 500 × 529 / 1,000

EOQ = 23

Number of cars to be ordered per time, I.e optimal order size = 23

Order size = 23 cars

2. The number of times orders should be placed per year would be calculated as;

Number of orders = Annual demand / Order size

Number of orders = 529 / 23

Number of orders = 23

4 0

2 years ago

Approximately 85% of the customers at hanson's furniture store purchase furniture using store credit. the store's average collec

aev [14]

<span>With a Net 30 payment policy, but an average collection period of 75 days with customers, Hanson's furniture store, should either reduce their store credit option, and encourage approximately 45% of their store credit customers to pay upon receipt, or shorten their operating cycle.</span>

7 0

3 years ago

Fraud Investigators Inc. operates a fraud detection service. On March 31, 10 customers were billed for detection services totali

mr_godi [17]

Answer:

Fraud Investigators Inc.

1. Journal Entries:

March 31: Debit Accounts Receivable $21,000

Credit Service Revenue $21,000

To record the rendering of service on account.

Oct. 31: Debit Allowance for Uncollectible Accounts $1,300

Credit Accounts Receivable $1,300

To write-off uncollectible accounts.

Dec. 15: Debit Accounts Receivable $760

Credit Allowance for Uncollectible Accounts $760

To reverse a previously written-off account.

Dec. 15: Debit Cash $760

Credit Accounts Receivable $760

To record the cash collected from the customer.

Dec. 31: Debit Bad Debts Expense $460

Credit Allowance for Uncollectible Accounts $460

To record bad debts expense for the year.

A) Debit Accounts Receivable $34,000

Credit Service Revenue $34,000

To record the rendering of service on account.

B) Debit Allowance for Uncollectible Accounts $1,950

Credit Accounts Receivable $1,950

To write off uncollectible accounts.

C1) Debit Accounts Receivable $810

Credit Allowance for Uncollectible Accounts $810

To reverse a previously written-off debt.

C2) Debit Cash $810

Credit Accounts Receivable $810

To record the receipt of cash from the customer.

D) Debit Bad Debts Expense $590

Credit Allowance for Uncollectible Accounts $590

To record bad debts expense for the year.

2. Transaction Net Receivable Net Sales Income From Operation

A +34,000 +34,000 +34,000

B -1,950 NE -1950

C +/- 810 NE +810

D NE NE -590

Explanation:

a) Data and Analysis:

March 31: Accounts Receivable $21,000 Service Revenue $21,000

Oct. 31: Allowance for Uncollectible Accounts $1,300 Accounts Receivable $1,300

Dec. 15: Accounts Receivable $760 Allowance for Uncollectible Accounts $760

Dec. 15: Cash $760 Accounts Receivable $760

Dec. 31: Bad Debts Expense $460 Allowance for Uncollectible Accounts $460

A) Accounts Receivable $34,000 Service Revenue $34,000

B) Allowance for Uncollectible Accounts $1,950 Accounts Receivable $1,950

C1) Accounts Receivable $810 Allowance for Uncollectible Accounts $810

C2) Cash $810 Accounts Receivable $810

D) Bad Debts Expense $590 Allowance for Uncollectible Accounts $590

7 0

3 years ago

Differentiate between the short run and Long run?

kramer

Answer:

Short-run is a time limit during which at least one input can be fixed and other input quantities can be verified.

The long run is a time period in which all the inputs can be verified in quantities.

Explanation:

Both the fixed and variable costs occur in the short term.

There are no fixed costs in the long term.

The combination of the output of a company results in the desired amount of the goods at the lowest possible cost is sustained by efficient long-term costs.

The output changes variable costs. For instance, the employee's salaries and raw material costs are variable costs.

Based on variable costs and the production rate, the short-run costs are increasing or falling. If a company manages its short-term costs well over time, the desired long-term costs and goals will more likely be achieved.

3 0

2 years ago

Join im boredddddddddddddddd

DIA [1.3K]

Explanation:

create a zoom, lol.......

6 0

2 years ago