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3 years ago

“the dry cleaner on the corner is an eyesore.” this is a subjective claim because it

1 answer:

4 0

‘The dry cleaner on the corner is an eyesore’ is a subjective claim because a subject claim is not something that is factual rather it is an expression or an opinion that an individual says, in which the sentence is an example as it is an expression.

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Analysis of an income statement, balance sheet, and additional information from the accounting records of Gadgets, Inc., reveals

lys-0071 [83]

Answer and Explanation:

The categorization is shown below:

1 Purchase of a patent = Investing activities as it represents in a negative sign because it is a cash outflow

2 Depreciation expense Operating activities as it is added to the net income

3 Decrease in accounts receivable = Operating activities as it is added to the change in adjustments column

4 Issuance of a note payable = Financing activities as it represents in a a positive sign because it is a cash inflow

5 Increase in inventory = Operating activities as it is deducted from the change in adjustments column

6 Collection of note receivable = Investing activities as it represents in a positive sign because it is a cash inflow

7 Purchase of equipment = Investing activities as it represents in a negative sign because it is a cash outflow

8 Exchange of long term assets = Separate non cash activities note as it does not involved any cash transactions

9 Decrease in accounts payable = Operating activities as it is deducted from the change in adjustments column

10 Payments of dividend = Financing activities as it represents in a negative sign because it is a cash outflow

4 0

3 years ago

If a firm's promotional budget were extremely limited, for which of the following reasons would it be more likely to rely on per

alexgriva [62]

Answer:

It is easier to measure a salesperson's effects on sales than advertising's effects on sales is the correct answer.

Explanation:

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3 years ago

Variable costs per unit: Manufacturing: Direct materials $ 26 Direct labor $ 10 Variable manufacturing overhead $ 2 Variable sel

Alex_Xolod [135]

The company's break even points in unit sales is 43,000 units.

Above the actual sales volume of 42,000 units is the break-even point.

<h3>What is Break Even point?</h3>

In economics, business, and particularly cost accounting, the break-even point is the point at which total cost and total income are equal, or "even."

Although opportunity costs have been paid and capital has received the risk-adjusted, projected return, there is no net loss or gain, and one has "broken even."
A graph with a function that represents the fixed costs is also helpful.
No matter how many units are manufactured, the fixed cost is always 1200, hence the fixed costs function is shown as a horizontal line (FC = 1200).
Any of the following will raise the break-even point: an increase in the quantity of fixed charges or expenses for the business.
An increase in variable expenditures and expenses per unit. A drop in the selling prices offered by the company.

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2 years ago

As trade becomes more widespread, specialization __________, which in turn ________ productivity.

Irina18 [472]

As trade becomes more widespread, specialization increases, which in turn increases productivity.

The aggregate impacts of specialization on the economy are huge in nature. Generally, people who are specialized in a particular field develop new techniques and technologies which leads to huge increases in productivity.

Increased specialization again leads to higher standards of living for all those persons who are involved in economic exchanges.

An individual is considered to become economically specialized when he focuses on his productive efforts.

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2 years ago

American Chip Corporation’s reporting year-end is December 31. The following is a partial adjusted trial balance as of December

guajiro [1.7K]

Answer:

Explanation:

The closing entry for the following accounts are shown below:

1. Sales Revenue A/c Dr 760,000

Interest Revenue A/c Dr $3,500

To Income Summary $763,500

(Being revenue account closed)

2. Income summary A/c Dr $593,200

To cost of goods sold $425,000

To Interest Expense $5,100

To Salaries Expense $110,000

To depreciation Expense $31,000

To Rent Expense $16,000

To Insurance expense $6,100

(Being expenses accounts are closed)

3. Income summary A/c Dr $170,300

To Retained earning $170,300

(Being the difference is credited to retained earning)

The retained earning is computed by

= Number 1 - Number 2

= $763,500 - $763,500

= $170,300

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3 years ago