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4 years ago

Which of the following is prepared first? A. Balance sheet B. Income statement C. Statement of owner’s equity D. Trial balance

1 answer:

7 0

The income statement is prepared first. The income statement is a financial statement that reports the company's financial performance (profit and loss) over a specific accounting period. It describes how the business incurs its revenues and expenses, and it is also referred as profit and loss statement (P&L). With help of this report management knows if the business made money during the period reported.

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True or False : When using list pricing , list the priciest items first

andrey2020 [161]

Answer:

true

Explanation:

items first before listing the price

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3 years ago

Which of the following financial packages has the lowest total cost to the student?

Bezzdna [24]

A. Because grants and scholarships are free money and loans have to be repaid. 25% is the lowest amount of loans

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4 years ago

Read 2 more answers

Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the

yKpoI14uk [10]

Answer:

Product A Product B Product C

Sales value after further processing $494,940 $656,030 $248,820

(14,600*$33.90), (22,700*$28.90),

(5,800*$42.90)

Costs of further processing $91,990 $133,305 $62,660

Benefits of further processing $402,950 $522,725 $186,160

Less: Sales value at split-off point $408,800 $499,400 $197,200

(14,600*$28.00), (22,700*$22.00),

(5,800*$34.00)

Net advantage / (Disadvantage) $(5,850) $23,325 $(11,040)

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3 years ago

Victoria’s 2021 tax return was due on April 15, 2022, but she did not file it until June 12, 2022. Victoria did not file an exte

Vesnalui [34]

Based on the information the amount of penalty that Victoria will have to pay is $850.

<h3>Penalty amount:</h3>

Using this formula

Penalty amount=(Tax return×Tax rate)×2

Where:

Tax return=$8,500

Tax rate=5%

Let plug in the formula

Penalty amount=( $8,500 x 5%) x 2

Penalty amount=$425×2

Penalty amount=$850

Inconclusion the amount of penalty that Victoria will have to pay is $850.

Learn more about penalty here:brainly.com/question/1178265

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2 years ago

A customer touch point for abacus airlines would be an item such as ________. a mechanic's ability to service the airplanes the

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A customer touch point for abacus airlines would be an item such as reservation desk.

A customer touch point is a point in the process where a consumer and the organization exchange information, finish providing the service, or handle transactions. At the reservation desk, the customer and the business are focusing on the business and service transactions.

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3 years ago