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
sveta [45]
3 years ago
13

Identify whether each account would appear on the Balance Sheet or the Income Statement.

Business
1 answer:
Greeley [361]3 years ago
4 0

Answer:

The income statement shows the income items and expense items that are earned by a company for an accounting period. The balance sheet shows assets, liabilities, and the ending balances of equity items. The statement of changes in stockholders equity shows the changes of equity accounts, such as retained earnings and common stock, from its beginning balance to its ending balance.  The statement of cash flows shows the inflow and outflow of cash for an accounting period.

Explanation:

You might be interested in
The purpose of the FDIC is to...
sveta [45]
Guarantees your money is available when you need it
6 0
4 years ago
Which of the following statements accurately brings out the difference between economies of scale and learning effects?
Andre45 [30]

Answer:

Learning effects occur over time, whereas economies of scale are captured at one point in time when output is increased.

Explanation:

Learning effect is defined as as the process by which education results in increased productivity and in turn higher wages. This process takes time because most specialised skills need to be learnt in a formal institution over time.

Economies of scale is defines as cost reduction that a company experiences when there is an increase in production. Fixed cost realised can be spread over a larger number of produced units. Economies of scale is captured at one point in time when output is increased.

5 0
4 years ago
The process of packaging and marketing crime information for popular consumption and commercial profit is called?
galina1969 [7]

Answer:

Commodification is the process of packaging and marketing crime information for popular consumption and commercial profit.

Explanation:

Commodification is the conversion of anything like goods, services, ideas, nature, private information, people, or animals into tradeable goods or commodities in a capitalist economic system. According to Arjun Appadurai, the most fundamental definition of a commodity is "something designed for exchange" or "anything of economic value."

To know more about 'Commodification' , visit: brainly.com/question/13235742

#SPJ4

6 0
1 year ago
Multiple copies of the purchase order are prepared for recordkeeping and distribution with a copy of the purchase order sent to
drek231 [11]

Answer:

B. Accounts Payable, Receiving and Inventory Control Department

Explanation:

First, the Multiple Choices

A. Accounts Payable, Receiving, and Stores Control Departments.

B. Accounts Payable, Receiving, and Inventory Control Departments.

C. Accounts Payable, Accounts Receivable, and Receiving Departments.

D. Accounts Payable, Receiving, and Production Planning Departments.

Accounts Payable

The organisation is making a purchase, hence, there will be financial implications and payments that need to be made for the purchase. Therefore Accounts payable is involved

Receiving

The department for receiving the order from the vendor is also crucial, the responsibility of this department is to ensure that all that was ordered and paid for on the purchase order sent to the vendor were delivered. The receiving department will also ensure that there are no defects in the supplied materials.

Inventory Control

Inventory Control is crucial as the department is responsible for ensuring that the optimal level of inventory is supplied and kept per time. The inventory control department should get a copy of the purchase order, compare with available inventory and see the incoming order is adequate for the optimal inventory size for the organisation.

Departments not Involved

Stores Control Department in option A is not involved because stores control takes care of the store in general while inventory control ensures that optimal stock level is maintained.

Accounts Receivable in option C is not involved because money is not coming in

Production Planning in option D is not involved because the company is not planning to produce, it is purchasing.

5 0
3 years ago
Assume the following: The standard price per pound is $2.00. The standard quantity of pounds allowed per unit of finished goods
Ipatiy [6.2K]

Answer:

Direct material price variance =$10,160 unfavorable

Explanation:

<em>Direct material price variance occurs when the actual quantity of materials are purchased at an actual price per unit higher or lower than the standard price.</em>

Direct material price variance                                            $

50,800 pounds should have cost (50,800× $2)      =   101,600

but did cost                                      (50,800× $2.20) = <u> 111,760</u>

Direct material price variance                                        <u> 10,160  unfavorable</u>

Direct material price variance =$10,160 unfavorable

7 0
3 years ago
Other questions:
  • Which type of career involves conducting autopsies on a daily basis and what degree (highest degree) is required to get that job
    5·1 answer
  • Subchapter S corporations have almost no restrictions and are easily formed and operated. True False
    8·1 answer
  • Suppose that the project would be allocated $10,000 of existing overhead costs. should these costs be included in the cash flow
    6·1 answer
  • Most insurance companies sell you insurance because———?
    15·1 answer
  • Which of the following is not a part of checking a diversified company's business units for cross-business competitive advantage
    13·1 answer
  • The following terms relate to the fundamental qualities of useful information. Match the key letter of the correct term with the
    8·1 answer
  • Assume that a U.S. firm considers investing in British one-year Treasury securities. The interest rate on these securities is 12
    14·1 answer
  • Taxes that are paid by individuals on all money earned, including investments, are
    12·1 answer
  • Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u
    10·1 answer
  • As a project manager, you review your budget and notice one vendor is costing more than anticipated. You shift funds and recalib
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!