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shtirl [24]
3 years ago
10

HELP 10 POINTS!!!!!!!!!!!! ONE QUESTION!!!!!!!

Business
1 answer:
8090 [49]3 years ago
3 0

Answer:

Gross profit is a required income statement entry that reflects total revenue minus cost of goods sold (COGS). Gross profit is a company's profit before operating expenses, interest payments and taxes. Gross profit is also known as gross margin

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In order for information to be meaningful, a firm’s accounting processes and procedures should be certified as accurate by accep
kipiarov [429]
Here is the correct answer that would best complete the given statement above. In order for information to be meaningful, a firm’s accounting processes and procedures should be certified as accurate by acceptable accounting standards so companies hire BOOKKEEPER PRIVATE ACCOUNTANTS <span>to provide unbiased opinions about the accuracy of a firm’s financial statements. Hope this is the answer that you are looking for. </span>
7 0
3 years ago
Which of the following is a deductible loss for income tax purposes?
shutvik [7]

Answer:

d. Net long-term capital losses in excess of $3,000.

Explanation:

A net long-term capital losses in excess of $3,000 is a deductible loss for income tax purposes.

For instance, in a tax year, if an individual has up to $3,000 of net long-term capital losses, this would be considered a form of income rather than a capital gain.

Furthermore, if an individual accrues a net long-term capital losses in excess of $3,000, this loss is deductible and are carried over indefinitely to subsequent tax payments in the future.

6 0
3 years ago
Jack Spratt is the production manager for a manufacturing firm that produces wizzy-gadgets and other items. The annual demand fo
Assoli18 [71]

Answer:

200 units      

Explanation:

For computing the number of units produced each time we need to applied the economic order quantity formula which is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

where,

Annual demand is 1,600 units

Ordering cost per order is $25

And, the carrying cost or holding cost per unit per year is $2

Now placing these values to the above formula

So, the economic order quantity is

= \sqrt{\frac{2\times \text{1,600}\times \text{\$25}}{\text{\$2}}}

= 200 units          

8 0
3 years ago
Teller's checks and personal checks are classified as
Veseljchak [2.6K]
The awnser to the question is A Drafts
6 0
2 years ago
Read 2 more answers
XYZ Corporation uses the FIFO method in its process costing system. The Assembly Department started the month with 1,000 units i
Georgia [21]

Answer: 61,200 units

Explanation:

Using the FIFO method:

= Equivalent units for beginning WIP + Units started and finished + EUP Ending WIP

Units started and finished = 65,000 additional units - 10,000 closing WIP

= 55,000 units

80% of the beginning WIP had been completed in the previous month so only 20% remains.

EUP Conversion = (1,000 * 20%) + 55,000 + (10,000 * 60%)

= 61,200 units

5 0
2 years ago
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