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3 years ago

A company sells goods for $150,000 that cost $54,000 to manufacture. Which statement is true?

Business

1 answer:

sasho [114]3 years ago

3 0

Answer:

Option B is the correct answer.

Explanation:

The sale of finished goods worth $54000 for an amount of $150000 will require us to recognize a revenue of $150000 and a reduction in inventory of finished goods worth $54000.

Option a is incorrect as the gross profit is not recognized on balance sheet. The gross profit is an income statement item.

Option c is incorrect as the sale of finished goods will cause a reduction in the finished goods inventory for the amount of goods sold.

Option d is incorrect as the sale will be recognized in sales revenue on the profit and loss statement and not on the balance sheet as revenue is a profit and loss statement account.

Thus, option b is the correct answer as the sale of finished goods will be represented by a reduction in finished goods inventory by the cost of the goods sold which is $54000.

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Minarski Electronics sells computers and provides hardware maintenance services. On April 1st, Minarski sold a package deal cont

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Answer:

$835

Explanation:

Calculation for the amount of revenue that Minarski Electronics recognize

First step is to find the Total cost amount if sold separately

Total cost if sold separately = 984+ 216

Total cost if sold separately= 1200

Second step is to find the Percentage of computer

Percentage of Computer = 984/1,200

Percentage of Computer = 0.82

Percentage of Computer =82%

Third step is to find the Percentage of maintenance

Percentage of maintenance = 216/1,200

Percentage of maintenance=0.18*100

Percentage of maintenance=18%

Next step is to calculate for the Revenue to be recognized for both computer and Maintenance service costs

Computer Revenue= 1,000 * 82%

Computer Revenue= 820

Maintenance service costs revenue =(18% * 1,000)/12

Maintenance service costs revenue =180/12

Maintenance service costs revenue =15

Last step is to find the Total amount to be recognized

Total amount to be recognized = 820 + 15

Total amount to be recognized=$835

Therefore the amount of revenue that Minarski Electronics will recognize is $835

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2 years ago

Marian moved from her spacious office, to one that was much less desirable. Although she was not happy about this, she didn't co

SOVA2 [1]

She exhibited cognitively sort of organizational conduct.

Organizational behavior(OB) is the multidisciplinary look at worker interactions and the organizational methods that searching for to create more green and cohesive groups.

In its middle, organizational behavior analyzes the effect of social and environmental factors that affect the manner personnel or groups work. The manner human beings engage, communicate, and collaborate is key to an agency's success.

Those kinds of conduct are proactive in nature and act to enhance situations for the man or woman, institution, or employer. Examples of these behaviors encompass trouble promoting, taking initiative, optimistic trade-orientated communication, innovation, and proactive socialization.

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1 year ago

Gillian is consuming her optimal consumption bundle of peanuts and raisins. The marginal utility associated with the last peanut

olchik [2.2K]

Answer: The price of peanuts realitve to that of raisins must be 2.

Explanation: Mathematically, relative prices are defined as:

Relative price of Good A with respect to Good B = Price of A / Price of B

So: Relative price of peanuts respect to raisins = Price of peanuts / Price of raisins

...

<u>Relative price of peanuts respect to raisins = 4 / 2 = 2.</u>

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2 years ago

Sean’s mother had to make an emergency purchase of a new tire because her tire went flat while she was traveling to the store. S

andrew-mc [135]

dave ramsey says debit!!!

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2 years ago

General Staff immediately come together and begin developing strategies. General Staff Chiefs are: Evaluating staffing and super

Lina20 [59]

Select all that apply.

Common Terminology

Management by Objectives

Incident Action Planning

Manageable Span of Control

Unified Command

Accountability

Answer:

Management by Objectives

Incident Action Planning

Manageable Span of Control

Explanation:

Considering the information given in the question, the NIMS Management Characteristics I am supporting are:

1. Management by Objectives

This is because, by Management by Objectives, the General Staff are making strategies according to the previous objectives.

2. Incident Action Planning

This is because, by Incident Action Planning, the General Staff are revising planning documents that will comprise staffing and resource necessities.

3. Manageable Span of Control

This is because, by Manageable Span of Control, General staff chiefs are assessing staffing requirements in the Incident Command Post. This is to make sure each supervisor only has personnel that can be managed.

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2 years ago