1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MA_775_DIABLO [31]
2 years ago
13

Barney bought a small retail business a month ago. He plans to advertise it with the help of billboards and flyers to attract cu

stomers. Which type of expense would Barney’s business incur in the form of advertising?
A.
non-operating expense
B.
selling expense
C.
administration expense
D.
logistic expense
E.
production expense
Business
1 answer:
disa [49]2 years ago
6 0

Answer:

The answer is A. non-operating expense

Explanation:

As he operates a retail shop, such advertising is vital to attract customers to the shops and to make potential sales. We can't treat this expenses as administration or production expenses.

We consider this as non operational because advertising is not an operational part of the operations of a retail business. Moreover, we can't consider it as selling expenses because they are mostly incurred during the sales process.

You might be interested in
On January 1, 2020, Shay Company issues $700,000 of 10%, 15-year bonds. The bonds sell for $684,250. Six years later, on January
Leno4ka [110]

Answer:

Discount on bonds issuance = $15750

Explanation:

A bond is issued at a discount when the issue price of the bond is less than the face value of the bond. This usually happens when the coupon rate paid by the bond is less than the market interest rate. To calculate the amount of discount on bonds issuance, we simply deduct the issue price from the face value of the bond. Thus,

Discount on Bonds = Face value - Issue price

As we know the face value of the bonds is $700000 and the issue price is $684250, we can calculate the discount on issuance to be,

Discount on bonds issuance = 700000 - 684250

Discount on bonds issuance = $15750

7 0
2 years ago
One of the major disadvantages of a sole proprietorship is
stepladder [879]

Answer:

One of the major disadvantages of a sole proprietorship is Unlimited Liability The Owner Has For The Debts Of The Firm.

3 0
3 years ago
Alex and bailey opened a dance studio together as general partners. they each invested $10,000 of their personal savings. after
Ivahew [28]

Since Alex and Bailey are partners and they will be shutting down the partnership. the debts should be settled by both. they will have to sacrifice their personal assets in doing so

7 0
3 years ago
Profit-maximizing firms enter a competitive market when existing firms in that market have.
alexdok [17]

Answer:Profit-maximizing firms enter a competitive market when, for existing firms in that market, total revenue exceeds fixed costs.

Explanation:

that is what i think sorry if im not right

6 0
1 year ago
Blossom Company had the following transactions. 1. Sold land (cost $8,400) for $10,500. 2. Issued common stock at par for $22,20
harkovskaia [24]

Answer:

Item 1

Debit : Cash $10,500

Credit : Land $8,400

Credit : Profit and Loss $2,100

Item 2

Debit : Cash $22,200

Credit : Common Stock $22,200

Item 3

Debit : Depreciation Expense $12,200

Credit : Accumulated Depreciation $12,200

Item 4

Debit : Salaries Expense $7,400

Credit : Cash $7,400

Item 5

Debit : Equipment $8,100

Credit : Common Stock $1,000

Credit : Common Stock Paid in Excess of Par $7,100

Item 6

Debit : Cash $1,656

Debit ; Accumulated Depreciation $9,660

Debit : Profit and Loss $2,484

Credit : Cost $13,800

Explanation :

See the entries prepared above.

Note on Sale of Assets :

When a sale of asset is made, derecognize the cost of asset, derecognize the accumulated depreciation, recognize the profit or loss on sale and finally recognize the cash receipts.

7 0
3 years ago
Other questions:
  • Define the 8 steps in the engineering design process
    11·2 answers
  • Consider the market for socks. The current price of a pair of plain white socks is $5.00. Two consumers, Jeff and Samir, are wil
    13·1 answer
  • Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $640,000. th
    10·1 answer
  • Jared drives his car knowing that the brakes are defective and has an accident in which the car is damaged and he is injured. He
    6·1 answer
  • Wainright Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $720 2 930 3 1,190 4 1,275 aw
    9·1 answer
  • Jefferson tutoring had the following payroll information on Feb 28:
    6·1 answer
  • The manager of a clothing store in the mall has hired five new employees for the summer. All of them have just graduated from hi
    14·1 answer
  • The Auto Division of Big Department Store had a net operating income of $560,000, a net asset base of $4,000,000, and a required
    14·1 answer
  • List 2 advantages and 2 disadvantages of budgeting.
    15·1 answer
  • You are a loan officer for National Bank. You have a loan application submitted by a company for $50,000. This company just got
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!