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2 years ago

8

After a business transaction has been analyzed and entered in a journal, the next step in the recording process is to transfer t

he information to

1 answer:

Jlenok [28]2 years ago

3 0

After recording the transaction in journal you must record it on General Ledger.

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When is it appropriate to use an absolute reference?

Kipish [7]

Answer:

C.

Explanation:

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3 years ago

The controller of Sheridan Industries has collected the following monthly expense data for use in analyzing the cost behavior of

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2 years ago

I In your business, assets, and liabilities have historically varied with sales. Assets are usually 82 percent of sales, and lia

Butoxors [25]

Answer and Explanation:

<u>Computation table for Surplus amount: </u>

<u>Particular Current year Future year </u>

Sales $168,000 $208,000

<u>Less</u><u>: Net Profit 11.99% of sales $20,143.8 $24,932.2 </u>

Cost (sales - 11.99%) $147,856.8 $183,060.8

<u>Owner's payout 42% of cost $62,099.856 $76,885.536</u>

<u>Surplus (Cost - Owner payout) $85,756.944 $106,175.264 </u>

<u></u>

<u>Computation table for additional financing fund: </u>

<u>Particular Current year Future year </u>

Assets 82% of sales $137,760 $170,560

<u>Less</u><u>: Liabilities 54% of sales $90,720 $112,320 </u>

<u>Additional Funding $47,040 $58,240 </u>

8 0

2 years ago

NEED HELP ASAP!!!!!!!!!

dybincka [34]

Hey there! Great question!

Your answer is 2.) PAY-PER-CLICK which is a business model in which developers are paid by the number of times a visitor clicks on a certain portion of a website.

Hope this helped!

8 0

2 years ago

Dropping Unprofitable Department Penn Corporation has four departments, all of which appear to be profitable except department 4

Julli [10]

Answer:

A. Department (1-3) = 40%

Department 4 =25%

B. $70,000

Explanation:

A. Calculation for the gross profit percentage for departments 1-3 combined and for department 4.

Using this formula

Gross profit percentage = Gross Profit /Sales

Let plug in the formula

Department (1-3) (360,000/900,000) = 40%

Department 4 (28,000/152,000) =25%

B. Calculation for the effect that would elimination of department 4 have had on total firm net income

First step is to find the Increase(Decrease) in overall net income

Using this formula

Increase(Decrease) in overall net income = Direct expenses - Gross profit

Let plug in the formula

Increase(Decrease) in overall net income= 27,000 - 38,000

Increase(Decrease) in overall net income= (11,000) decrease

Second step is to find the net operating income

Net operating income= 81,000 - 11,000

Net operating income= $70,000

Therefore the firm's net operating income would be $70,000

8 0

2 years ago