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Dahasolnce [82]
3 years ago
9

Which of the following statements is (are) TRUE?

Business
1 answer:
Wewaii [24]3 years ago
3 0

Answer:Accounting profit equals total revenue minus accounting costs

Explanation: Accounting profits are actual profits a company makes during a particular accounting year and it can be calculated using the company's total revenue (sales) minus the company's costs ( costs of sales (purchases) plus operating costs) for that particular period under review.

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Mullis company sold merchandise on account to a customer for $625, terms n/30. the journal entry to record the collection on acc
SOVA2 [1]
Since the transaction was on account basis, the journal entry will be:

debit accounts receivable for $625
credit sales $625

the account title accounts receivable was used because the debtor didn't pay for the merchandise and the sales account was used because the company gain income from that transaction.
4 0
3 years ago
Kentucky Fried Chicken, with 18,875 stores in 118 countries and territories around the world, changed their recipe (the spicines
Norma-Jean [14]

Because KFC changed their recipe (the spiciness) for various regions, this shows that multinational firms must develop every new product for potential worldwide distribution.

<h3>What is new product development?</h3>

A new product development refer to a firm process of bringing in a new product to the marketplace.

In conclusion, the development of new product helps in potential worldwide distribution.

Read more about product development

<em>brainly.com/question/7285931</em>

4 0
2 years ago
Cumulative preferred stock carries the right to be paid both current and all prior periods' unpaid dividends before any dividend
alexgriva [62]

Answer: True

Explanation: Cumulative preferred shares of a company carries some special rights as per law. The holders of such stock must be paid any current or prior period accrued dividends before any payment of dividend to common shareholders. The dividends of such shareholders is fixed in nature.

Also in the event of liquidation they will be preferred before any common stock holders.

Thus, the given statement is true.

3 0
3 years ago
How is the scientific method similar to or different from superstition,guessing,intuition,hope?
CaHeK987 [17]
Scientific method involves ways in which you would solve something while the others are just assuming or wondering what could happen.
3 0
3 years ago
The trial balance of Sheffield Corp. at the end of its fiscal year, August 31, 2022, includes these accounts: Beginning Inventor
Ivahew [28]

Answer:

Particulars                                                                  Amount

Beginning inventory, September 1, 2013              $18,870

Purchase                                                    $ 224,790

Less: Purchase return and allowance     <em><u>$ 5,430</u></em>

Net purchase                                             $ 219,360

Add: Freight in                                           $9,780

Cost of goods purchased                                         <u>$229,140</u>

Cost of goods available for sale                              $248,010

Less: Inventory August 31,2014                                <u>$20,100</u>

Cost of goods sold                                                   <u>$227,910</u>

6 0
2 years ago
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