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3 years ago

Which of the following statement is TRUE about variable expenses?

Business

2 answers:

Scorpion4ik [409]3 years ago

7 0

Answer:

B.The amount you spend on variable expenses changes from month to month.

Explanation:

Just took the test on everfi

loris [4]3 years ago

6 0

Answer:

B.The amount you spend on variable expenses changes from month to month.

Explanation:

Variable expense is that which changes in proportion to increase or decrease in production, sales or any relevant activity. You pick the hint from the word "variable" which means 'changing' and from understanding this, you eliminate the choices that say otherwise.

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On January 1, 2018, Red Flash Photography had the following balances: Cash, $21,000; Supplies, $8,900; Land, $69,000; Deferred R

Nutka1998 [239]

Answer:

See explanation

Explanation:

Red Flash Photography

Journal Entries

1. Debit Cash $29,000

Credit Common Stock $29,000

(issuing common stock for cash that will increase the cash)

2. Debit Cash $44,000

Debit Accounts Receivable $39,000

Credit Service Revenue $83,000

(Provided services on account and cash)

3. Debit Salaries expense $32,000

Credit Cash $32,000

(Paid salaries to workers)

4. Debit Prepaid Rent $21,000

Credit Cash $21,000

(Paid rent in advance for cash)

5. Debit Supplies $31,000

Credit Accounts payable $31,000

(Purchase supplies on account means liability will increase)

6. Debit Dividends $2,900

Credit Cash $2,900

(Paid cash dividends to the shareholders)

7 0

3 years ago

Identifying and Analyzing Financial Statement Effects of Cash Dividends Freid Corp. has outstanding 6,000 shares of $50 par valu

Neporo4naja [7]

Answer:

Assets = Liabilities + Equity

cash (18,000) NA Retained earnigns (18,000)

cash (88,000) NA Retained earnigns (88,000)

Retained earnings is an equity account and any cash dividends paid either to preferred or common stock will decrease cash and retained earnings, remember that both sides must balance.

6 0

3 years ago

The risks created by rapid changes in it have not affected which concepts of internal control?

Goryan [66]

Internal control objectives remain essentially the same although technology, risks, and control methods change. Thus, many concepts of control (management's responsibility, the role of the control environment, reasonable assurance, monitoring, and cost-benefit analysis) are relevant regardless of IT changes.

<h3>What is technology?</h3>

The use of skills, methods, and processes utilized in industrial production and scientific study combined with collected knowledge to create technology.
All equipment and electronic devices operate using technology, whether or not the user is fully aware of how they work for the organization's goals.
Systems make up the technologies used in modern life.

<h3>Why is technology so important in today's world?</h3>

Information sharing, meal preparation, clothing cleaning, and transportation are all things we do with the help of technology.
However, even commonplace technologies like door locks, floor tiles, and furniture are things we now take for granted and that we consider to be less spectacular than 3D printing or self-driving automobiles.

Learn more about technology here:

brainly.com/question/9171028

#SPJ4

5 0

1 year ago

Exercise 4-11 Computing net sales for multiple-step income statement LO P4 A company reports the following sales-related informa

dezoksy [38]

Answer:

Net sales revenue= 220,100

Explanation:

Giving the following information:

Sales, gross $ 245,000

Sales returns and allowances $ 20,000

Sales discounts 4,900

Sales salaries expense 10,900

<u>Sales salaries expense is not a part of the net sales in a multiple-step income statement. The net sales are as follow:</u>

Sales= 245,000

Sales returns and allowances= (20,000)

Sales discounts= (4,900)

Net sales revenue= 220,100

4 0

3 years ago

A large multinational organization formed from mergers and acquisitions experienced a lot of disruptive behaviors at all levels.

scZoUnD [109]

Answer:

Option a

Explanation:

In simple words, consensus building refers to the process under which different individuals, who will get affected in some way or another from the decision being made, share the views and ideas and prepare a solution that makes maximum benefit and minimal loss to the all.

Such kind of behavior is needed in large organisations where the number of employees working is very high and different individuals have different goals for themselves. Thus, from the above we can conclude that the correct option is A.

3 0

4 years ago