1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nataliya [291]
3 years ago
12

The general expenses necessary to run the business are called Question 30 options: operating expenses. annual projections. 10-ye

ar forecasts. profits.
Business
1 answer:
sleet_krkn [62]3 years ago
3 0

Answer:

Operating expenses

Explanation:

Before a business yields a profit as an output , there is a need for some input from the business owners. One of these input is operating expenses .

Operating expenses is supporting cost of keeping the business running in the course of normal production , different from the cost of production and is necessary as every form of other cost may not get a desired result without the operating cost.

Examples include rent , payroll ,transportation , security fees among others.

You might be interested in
Waterway Corporation uses a periodic inventory system and the gross method of accounting for purchase discounts. (a) On July 1,
dangina [55]

Answer:

The journal records to record the transactions are:

July 1, purchased merchandise on account, terms 1/10, n/30

Dr Merchandise inventory 34,105

    Cr Accounts payable 33,000

    Cr Cash 1,105 (freight costs paid in cash)

July 3, damaged goods are returned

Dr Accounts payable 3,300

    Cr Merchandise inventory 3,300

July 10, invoice is paid within discount period

Dr Accounts payable 29,700

    Cr Cash 29,403

    Cr Purchase discounts 297

The 1% discount is applied only to the merchandise invoice and it must be recorded as a contra expense account (purchase discounts) with a credit balance because it reduces COGS.

5 0
2 years ago
"The balance sheet of Ambiance Corporation reported current assets of $186,708, total assets of $300,000, current liabilities of
Alika [10]

Answer:

5.17(Approx)

Explanation:

Given that,

Current assets = $186,708

Total assets = $300,000

Current liabilities = $36,139

Total liabilities = $125,000

current ratio = current assets ÷ current liabilities

                     = $186,708 ÷ $36,139

                     = 5.17(Approx)

Therefore, the company’s current ratio is 5.17.

8 0
3 years ago
Final Exam
Lyrx [107]
I may be wrong but I believe it was copper that’s why some america coins are still made out of it today
4 0
3 years ago
On January 1, 2020, Novak Corp. had inventory of $56,500. At December 31, 2020, Novak had the following account balances.
salantis [7]

Answer:

  • Gross Profit ⇒ $296,500
  • Operating expenses ⇒ $153,500

Explanation:

Gross Profit;

= Net sales - Cost of Goods sold

Net sales = Sales revenue - sales discounts - sales returns and allowances

= 807,000 - 6,000 - 10,900

=  $790,100

Cost of Goods sold

= Opening balance + Purchases + Freight-in - Purchase discounts - Purchase returns and allowances -closing balance

= 56,500 + 509,500 + 4,800 - 8,000 - 2,700 - 66,500

= $493,600

Gross Profit = 790,100 - 493,600

= $296,500

Operating Expense

Net Income =  Gross profit - operating expenses

143,000 = 296,500 - operating expenses

Operating expenses = 296,500 - 143,000

= $153,500

6 0
2 years ago
Fahad works for a company that markets all of Celextron's products. Fahad's company acts as the marketing department for Celextr
Whitepunk [10]

Answer:

D) selling agent.

Explanation:

Sine Fahad's company never obtains title for the goods that they sell, they are acting like a selling agent. They are very similar to a commission merchant except that Fahad's company is also responsible for the marketing functions of Celextron.

There are several types of sales agents and distributors, it all depends on certain details about how they work:

  • a manufacturer's agent work directly for the manufacturing firm, in this case it would have been Celextron.
  • a sales branch is a company owned by Celextron.
  • a full service wholesaler obtains title of the goods.

5 0
3 years ago
Other questions:
  • A well-known pop star, Britney Spears, was admitted to Los Angeles’ Cedars-Sinai Medical Center for psychiatric evaluation as pa
    9·1 answer
  • Escribir write a conversation between a mechanic and a customer with car problems.
    12·1 answer
  • The corporate charter of Alpaca Co. authorized the issuance of 10 million, $1 par common shares. During 2018, its first year of
    6·1 answer
  • Fitness is the measure of ____________ and ability to produce more ________
    5·1 answer
  • 5 Senaraikan empat contoh aktiviti perniagaan yang boleh diceburi dengan modal yang kecil
    11·2 answers
  • May 24 Sold merchandise on account to Old Town Cafe $18,450. The cost of goods sold was $11,000. Sept. 30 Received $6,000 from O
    10·1 answer
  • Dividends Per Share Windborn Company has 25,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $15 par co
    14·1 answer
  • An investment has an initial cost of $2.7 million and net income of $189,400, $178,600, and $172,500 for Years 1 to 3. The avera
    5·1 answer
  • The number of minorities in the workforce is?
    7·1 answer
  • as a marketing manager of kids care, a manufacturer of baby soaps, mateo plans to analyze customer attitudes by using the focus
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!