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2 years ago

Industries are defined by _____.

Business

2 answers:

Serga [27]2 years ago

8 0

A. What they produce

goldfiish [28.3K]2 years ago

3 0

Answer: A. What they produce

Explanation:

Industries are known to be group of companies which deal with the production of goods (products) and services. They make raw materials to pass through the production process and change them to specific goods. Also, they are categorized according to what they produce. For example: phone industries produces phones, pharmaceutical industries deal with the production of drugs, textile industries produces cloth and so on. Thus, these industries can be established by private sector or public sector.

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Listed below are several terms and phrases associated with basic assumptions, broad accounting principles, and constraints. Pair

Fantom [35]

Answer:

Find it below

Explanation:

1. Expense Recognition - Record expenses in the preiod the related revenue is recognized

2. Periodicity - The life of an enterprise can be divided into artificial time periods.

3. Historical cost principle - The original transaction value or cost upon acquistion.

4. Materiality - Concerns the relative size of an item and its effect on decisions

5. Revenue recognition - Criteria usually satisfied for products at point of sale.

6. Going concern assumption - The entity will continue indefinitely

7. Monetary unit assumption - A common denominator is the dollar

8. Economic entity assumption - The enterprise is separate from its owners and other entities.

9. Full-disclosure principle - All information that could affect decisions should be reported

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3 years ago

A registered representative sells 1,000 shares of ABC for a customer at $30 per share, the current market price, with instructio

den301095 [7]

Answer:

is right and the registered representative must reimburse the total proceeds from the transaction.

Explanation:

The customer's 1,000 shares "multiplied" to 1,500 shares since ABC split its stock. For every 2 ABC stocks, the stockholders received 3, and the customer should receive (1,000 / 2) x 3 = 1,500. The total value of the customer's stock didn't change since each stock instead of selling at $30, is now worth $20. The problem is that the RR paid the customer only for the original 1,000 stocks, not the 1,500.

4 0

2 years ago

One employee is in charge of the following activities at a refreshment stand: Activity Activity Time per Customer Greet customer

REY [17]

Answer:

A. Flow rate = 20 customers per hour

B. Utilization =0.83

C. Cycle time= 3 minutes per customer

Explanation:

A. Calculation for the flow rate

First step is to calculate the Processing time

Processing time = 5 + 25 + (1.5 ×60) + 30

Processing time=30+90+30

Processing time= 150 seconds

Second step is to calculate the Process capacity

Process capacity = 1/150 ×60 per seconds/minute ×60 per minutes/hour

Process capacity= 24 customers per hour

Now let calculate the Flow rate

Using this formula

Flow rate= Min(Demand, Process capacity)

Let plug in the formula

Flow rate= Min(20, 24)

Flow rate = 20 customers per hour

Therefore the flow rate will be 20 customers per hour

B. Calculation for the utilization

Using this formula

Utilization = Flow rate/Process capacity

Let plug in the formula

Utilization = 20/24

Utilization =0.83

Therefore Utilization will be 0.83

C. Calculation for the Cycle time

Using this formula

Cycle time = 1/Flow rate ×60 per minutes/hour

Let plug in the formula

Cycle time= 1/20 ×60 per minutes/hour

Cycle time= 3 minutes per customer

Therefore the Cycle time will be 3 minutes per customer

3 0

3 years ago

Which of the following statements are correct (Select all that apply): Select one or more: A. A balance sheet reports on investi

Allushta [10]

Answer: Statement C and Statement D

Explanation:

A. A balance sheet reports assets liabilities and capital balances of an entity at a specific point of time.

B. An income statement reports on the revenues earned and the expenses incurred to earn those revenues for a period of one year.

C. Statement of equity reports changes in equity.

D. Cash flow statement shows inflow and outflow of cash from operating , investing and financing.

E. A balance sheet reports companies assets and liabilities at the end of the year.

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2 years ago

On May 25, after the transactions had been posted, Adams discovered that the following entry contains an error. The cash receive

vampirchik [111]

Answer:

With the correcting entry method, the wrongly posted account will transfer the amount that was to be posted elsewhere to the place it was to be posted in. In this case the posting was to be to Accounts Receivable not Service fees so:

Date Account Title Debit Credit

May 23 Service Fees $1,270

Accounts Receivable $1,270

3 0

2 years ago