Answer:
Samz Off-Road Rage
On an income statement, the following will be found as indicated below:
The Rent, Utilities, Business License, Security System, Cleaning Service, Accounting Service, and Payroll will be found on the expenses side. They are deducted from gross profit to get the net profit or income.
The Supplies and Display Materials will be found on Cost of Goods Sold side. They used to determine the gross profit.
Explanation:
Expenses relate to costs incurred for running a business. Examples are rent and workers' salaries and wages. In order to keep a business open to customers, they must be incurred.
By their nature, they are fixed costs to a large extent. With the matching principle, they must be subtracted from net revenue in order to determine the period's operating profit.
All store supplies and display materials relate directly to the cost of goods sold. They are costs incurred in order to have goods available for sale. They determine the gross profit of an entity.
Answer: $41,000
Explanation:
40% of conversion for the beginning work in process so 60% is left.
= 40% * 10,000 * 2.5 ( cost of conversion)
= $10,000
All the units were finished and transferred out so the cost attached will be;
= Materials cost + Conversion cost + Conversion cost for the beginning inventory
= 20,000 + 11,000 + 10,000
= $41,000
Answer:
The Prime Minister is the head of the Executive branch of the Government in the United Kingdom as well as other Parliamentary or Semi-presidential Government systems.
The President is the head of the Executive branch of the Government in the United States and other Republican states.
The differences between the two especially between the United Kingdom and the United States is;
- A President is elected by the general public, and a Prime Minister is the leader of the majority party in the House of Commons.
The President is elected directly by the will of the people which in the United States is represented by the Electoral College. The Prime Minister on the other hand is elected if their party and affiliates hold a majority in the House of Commons (Parliament).
- A President is elected every four years, whereas Parliamentary elections are held every five years.
The Presidential election in the United States is held every 4 years with the next one being this year, 2020. By contrast Parliamentary elections in the UK are held every 5 years but this can be less if the Prime Minister dissolves parliament.
- A Prime Minister can be ousted by a vote of "no confidence" by her/his party's parliamentary ministers.
As the Prime Minister is elected by their party's representatives in Parliament, they can also be removed by them. This happens when the members pass a <em>vote of no confidence</em> in the the minister.