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3 years ago

Trade increases production partly by taking advantage of

1 answer:

6 0

The options were
A) economies of scale.
B) economies of scope.
C) realism.
D) pluralism.
The answer is A) economies of scale Economics of scale is said to be an advantage based on the scale or size of production house that is larger company will have more advantage just for being large . Because mass production most of the times saves costs which adds to the profit of the company.Hence the trade can be increased in this way.

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Which of the following statements about Generally Accepted Audit Standards are true?

lidiya [134]

Answer:

B) I and III

Explanation:

Generally Accepted Audit Standards are used for auditing private companies. They provide systematic guidelines to auditors when conducting audits on companies' financial statements. They check for the auditor's verifiability of the company's compliance to the Generally Accepted Accounting Principles (GAAP) as well as their accuracy and consistency of their records. Therefore, choices I and III are correct.

8 0

3 years ago

Brainard Corporation's budgeted sales for the upcoming quarter are $400,000. Its supporting budgets and schedules show a beginni

Paul [167]

Answer:

Brainard Corporation

1. The company's budgeted gross profit for the upcoming quarter is $225,000.

2. The company's budgeted income before taxes for the upcoming quarter is $70,000.

3. The company's budgeted income taxes for the upcoming quarter are $28,000.

4. The company's budgeted net income for the upcoming quarter is $42,000.

Explanation:

a) Data and Calculations:

Budgeted Income Statement for the quarter:

Budgeted sales $400,000

Cost of goods sold:

Beginning inventory $15,000

Cost of goods manufactured 185,000

Cost of goods available $200,000

less Ending inventory 25,000 175,000

Gross profit $225,000

Selling and administrative $148,000

Interest expense 7,000 155,000

Income before tax $70,000

Income taxes (40%) 28,000

Net income $42,000

3 0

3 years ago

King Costume uses a periodic inventory system. The company started the month with 6 masks in its beginning inventory that cost $

madreJ [45]

Answer:

$464

Explanation:

Periodic Inventory method is being used. That means valuation of inventory is done at the end of a specific period.

LIFO method is also used for determining the cost of inventory sold. FIFO stands for Last In First Out.

Calculation of Cost of Goods Sold :

41 unit × $10 = $440

3 units × $8 = $24

Total = $464

The cost of goods sold for the month is: $464

8 0

3 years ago

Guay Corp., a start-up company, provided services that were acceptable to its customers and billed those customers for $400,000

andrezito [222]

Answer:

$200,000

Explanation:

Here, in the solution the tax effects are ignored as tax rate is not provided.

Since accrual basis is the acceptable basis, we have:

All the revenues and expenses are to be recognised in the period it belongs to, and not when the actual cash payment is received or made.

Total revenue earned in 2015 = $400,000

Total expense (Wages of employees) for 2015 = $200,000

Therefore, net income for 2015 = $400,000 - $200,000 = $200,000

Note: It is of no relevance that when actual cash was realised from debtors and when actual payment was made to employees.

4 0

3 years ago

Damian is using CSS along with HTML while creating a website for his company. Which features of CSS will help him create this we

Vika [28.1K]

Damian can make use of CSS to style the elements of HTML documents.

Answer: Option 1.

Explanation:

CSS stands for Cascading style sheets, which is a type of web language, called style sheet language which standardizes the layout throughout a website. Therefore used for describing the look and formatting of a document, from document presentation, including elements such as the layout, colors, and fonts.

The major characteristics of CSS include styling rules which are interpreted by the client browser and applied to various elements in your document. Major characteristics include: A style rule consists of a selector component and a declaration block component.

4 0

3 years ago