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3 years ago

Information needed to prepare an income statement’s Expense section is obtained from a work sheet’s Account Title column and

Business

1 answer:

Mars2501 [29]3 years ago

8 0

Answer:

Option (A) is correct.

Explanation:

Income statement have an operating section which includes revenue and expenses section.

Revenue section of the operating section includes all the cash inflows and all the values that represents the appreciation of the assets.

On the other hand, expenses section of the operating section includes all types cash outflows and those activities which reduces the value of the assets of the company or increases liability.

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You’re trying to save to buy a new $215,000 Ferrari. You have $36,000 today that can be invested at your bank. The bank pays 4.3

gulaghasi [49]

Answer:

42.45 years

Explanation:

Discounting is the means by which the today's value of an amount in the future is computed. Compounding is the process by which the future value of a present amount is determined. In other words, the present value of $1 tomorrow is determined by discounting while the future value of $1 tomorrow is determined by compounding.

Where

Fv = Pv(1 + r)^n

Fv is the future value

Pv is the present value

r is rate

n is time

215000 = 36000(1 + 0.043)^n

215/36 = 1.043^n

Taking the log of both sides

log (215/36) = log 1.043^n

n = log (215/36) / log 1.043

n = 42.45 years

It will take 42.45 years to have enough to buy the car

6 0

3 years ago

Explain why the demand curve for the market is downward sloping but is horizontal or completely elastic for an individual firm.

Elena-2011 [213]

An entire industry (all firms producing a particular product) can affect price by changing industry output.

8 0

3 years ago

Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 43,000 hours of production in the Weav

stich3 [128]

Answer:

a. Controllable Variance = 3,800 (Favorable)

b. Volume Variance = 21,600 (Unfavorable)

Explanation:

a. Controllable Variance

Actual variable factory Overhead( 251,800 - 102,600) 149,200

Standard Variable factory Overhead at actual Production

Standard Hours at actual Production (A) 45,000

Variable Factory overhead Rate (B) 3.4

(146,200/ 43,000)

Standard variable factory Overhead (A*B) 153,000

Controllable Variance 3,800 F

b. Fixed factory Overhead volume variance

Volume variance:

Volume at 100% of normal capacity 57,000

Less: Standard hours 45,000

12,000

Fixed Overhead rate (B) (102,600/ 57,000) 1.8

Volume Variance (A*B) 21,600 (Unfavorable)

5 0

3 years ago

_____ is the authority granted by a domestic firm to an overseas firm for the rights to produce and market its product or to use

brilliants [131]

Answer:

Foreign License

Explanation:

According to my research on different licensing agreements, I can say that based on the information provided within the question the term being described in the question is called a Foreign License. Like mentioned in the question this type of licensing is an arrangement between two companies to manufacture, distribute and sell the first companies product in countries outside the country of Origin.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0

4 years ago

For each of the following pairs of firms, indicate which firm would be more likely to engage in advertising. Pairs of Firms More

8090 [49]

Answer:

a family-owned restaurant

a manufacturer of cars

A company that invented a very comfortable razor

Explanation:

A family owned resturant is an example of a monpolistically competitive firm. A monpolistically competitive firm is characterised by many firms selling differentiated products. Advertising is one of the ways to attract customers to the restaurant.

A family owned farm is an example of a perfectly competitive firm. A perfectly competitive firm is characterised by many firms selling homogenous products. Thus, it won't be so necessary for a farm to advertise since its product is homogenous.

A car manufacturer exists in a monopolistic market. A monpolistically competitive firm is characterised by many firms selling differentiated products. Advertising is one of the ways to attract customers to purchase cars.

Forklifts aren't so differentiated. Therefore, there would be little need to advertise.

A manufacturer of a very comfortable razor should advertise his product to inform and attract customers. The manufacturer of a uncomfortable razor has no need to advertise.

I hope my answer helps you.

5 0

3 years ago