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3 years ago

EA5.

Business

1 answer:

MArishka [77]3 years ago

4 0

Answer:

Explanation:

1. Financial accounting centers on providing information to internal users. False

2. Staff positions are directly involved in the company's primary revenue-generating activities. True

3. Preparation of budgets is part of financial accounting. False

4. Managerial accounting applies only to merchandising and manufacturing companies. False

5. Both managerial accounting and financial accounting deal with many of the same economic events. True

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Along a given downward-sloping demand curve, an increase in the price of a good will: have no effect on consumer surplus. increa

tensa zangetsu [6.8K]

The answer to this question is the last item in the choices which is "decrease consumer surplus". Thus, we have it like along a given downward-sloping demand curve, an increase in the price of a good will also result to decrease consumer surplus. Also, when decrease consumer surplus is happening it will effect also to increase producer surplus.

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3 years ago

Greta is concerned that one of the potential market segments she has identified for her dog grooming service is too small and ha

Mars2501 [29]

Answer: substantial

Explanation:

From the question, we are informed that Greta is concerned that one of the potential market segments she has identified for her dog grooming service is too small and has too little income to have sufficient buying power.

The above analysis shows that Greta is concerned with whether the substantial segment. A segment is said to be substantial when the said segment is big and therefore should be worth targeting and the members of this particular segment should have buying power.

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4 years ago

Smith Distributors, Inc., supplies ice cream shops with various toppings for making sundaes. On November 17, 2021, a fire result

jeka94

Answer:

Estimated cost of Fruit Toppings lost in the fire = $14,000

Estimated cost of Marshmallow Toppings lost in the fire = $5,300

Estimated cost of Chocolate Toppings lost in the fire = $1,260

Explanation:

Fruit Marshmallow Chocolate

Toppings Toppings Toppings

Inventory, January 1, 2013 [a] 22,000 7,200 3,200

Net purchases through Nov. 17 [b] 160,000 38,000 12,200

Net sales through Nov. 17 [c] 210,000 57,000 20,200

Historical gross profit ratio [d] 20 30 30

Gross Profit [c*d%] [e] 42000 17,100 6,060

Cost of Good Sold [c-e] [f] 168,000 39,900 14,140

Inventory, Nov 17, 2013 [a+b-f] [g] 14,000 5,300 1,260

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3 years ago

Acme Enterprises just bought a new manufacturing machine. Which of these costs should be capitalized? (Check all that apply.)

ankoles [38]

Answer:

Option D, E and F. See below for information.

Explanation:

Costs are capitalized when they form a principal part of the asset. These costs may include any costs that are needed to make the asset operational and any costs that are incurred to bring the asset to operating premises.

As such the $15,000 freight bill that brings the asset in premises, the invoice price of $500,000 which comprises the cost of the capital asset and the one time cost of $8,000 to tear down the wall and install the asset are all capital costs and are to be capitalized in the final cost of the asset to be recorded.

All other are annual expenses are not to be capitalized (Option a, b and c)

Hope that helps.

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3 years ago

Kim, a CPA, works for a small accounting firm consisting of two managing partners, six accountants, and four secretaries. During

QveST [7]

Answer:

Explanation:

since she can do her job american with the disabitlity act wouldnt cover any cost

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3 years ago