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3 years ago

What is the best definition of profit?

1 answer:

4 0

Profit can be best defined as gain, especially when achieved by increasing the price of goods so the money paid by consumers outweighs the cost for the producer, leaving a sizeable return on what has been paid out. Once expenses and costs have been covered, profit is the money left over.

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Any attempt to verify outcomes and compare them standards can be considered a(an) _______activity, althoughmany smaller firms do

otez555 [7]

B. auditing is your word

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3 years ago

Journalize the following transactions for Combs Company.

Anarel [89]

Answer: See explanation

Explanation:

a. Debit: Raw material $12000

Credit: Account payable $11500

Credit: Material price variance $500

(To record material purchase)

b. Debit: Work in process 11600

Credit: Raw material 11200

Credit: Material price variance 400

(To record material issued)

Note:

Material price variance for (a)= 12000 - 11500 = 500

Work in progress = 5800 × 2 = 11600

Material price variance for (b) = 11600 - 11200 = 400

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2 years ago

According to the GLOBE project, which of the following are most likely to view the terms "leader" and "manager" negatively? the

Genrish500 [490]

Answer:

Mexicans

Explanation:

According to the GLOBE project and Hofstede's cultural dimensions, Mexico falls under category of high power distance, whose culture is more based on collectivism. Leaders in these cultures who are successful are the ones who make decisions collectively, therefore any individual approach by these managers in an organization towards decision-making would be viewed negatively.

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3 years ago

Which of the following was partly an effect of the Mexican-American War?

Neporo4naja [7]

Answer:

The correct answer is letter "C": the United States becoming a transcontinental nation.

Explanation:

After Texas was declared independent from Mexico in 1836, issues arose since the U.S. did not want to annex the freed territory due to northern interests. Mexico became hostile in defining the frontiers after the independence of Texas at the point of threatening the U.S. to go on war if its demand was not fulfilled.

With an attack on American Soldiers by April 1846 in Texas, the war begun. Americans military power revealed superior to Mexicans winning the war in favor of U.S. President James K. Polk (1795-1849) who believed the U.S. had to spread across the continent.

The effect of the war was California, Utah, Nevada, and Arizona being annexed to the U.S. territory.

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2 years ago

On December 31, the trial balance shows wages expense of $1,050. An additional $350 of wages was earned by the employees, but ha

AnnZ [28]

Answer:

Please find the question and its complete solution in the attached file.

Explanation:

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2 years ago