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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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One way in which international trade results in a higher standard of living?

Whitepunk [10]

I will will engage with this "The more a nation engages in International Trade<span>, the better its </span>Standard of Living<span> will be, because no nation can make </span>everything<span>."</span>

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3 years ago

To minimize potential risks of harm, a researcher conducting an on-line survey can:

Norma-Jean [14]

To minimize potential risks of harm, a researcher conducting an on-line survey can d<span>esign the survey so that no direct or indirect identifiers are collected.
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4 years ago

Davis Florist has two employees, Anita and Jerome, and two tasks that need to be completed, floral arrangements and floral deliv

OlgaM077 [116]

Answer:

Davis Florist

a. (Anita, Jerome) __Jerome____ absolute advantage in floral arrangements. __Jerome____ (Anita, Jerome) has an absolute advantage in deliveries.

b. Anita’s opportunity cost of making one floral arrangement is ___0.75__

( 1.33, 0.75, .33, 3) deliveries. Anita’s opportunity cost of making one delivery is __1.33_ (1.33, 0.75, .33, 3) floral arrangements.

c. Jerome’s opportunity cost of making one floral arrangement is ___0.33__(.75,3,1.33..33) deliveries. Jerome’s opportunity cost of making one delivery is 3 (3, 1.33, .75, .33) floral arrangements.

d. (Jerome, Anita)_Jerome____ has a comparative advantage in floral arrangements. (Jerome, Anita)__Anita___ has a comparative advantage in deliveries.

e. Suppose that, initially, both Jerome and Anita spend four hours each day doing floral arrangements and two hours each day doing deliveries. Now suppose they change their tasks, so that each individual does nothing but the task in which she or he has a comparative advantage. How many more floral arrangements and deliveries could they produce each day?

____4_____ additional floral arrangements

____5____ additional deliveries

Explanation:

a) Data and Calculations:

Time it takes Anita to finish one floral arrangement = 30 minutes

Time it takes Anita to make a delivery = 40 minutes

Time it takes Jerome to finish one floral arrangement = 10 minutes

Time it takes Jerome to make a delivery = 30 minutes

b) Absolute Advantage: Jerome will finish 3 floral arrangements (30/10), whereas Anita can only finish 1 in 30 minutes.

c) Anita's opportunity cost is the time it will take her to make a delivery using the same time it takes her to finish one floral arrangement. In 30 minutes time, she can only make (30/40) 0.75 deliveries. Using 40 minutes of making a delivery, she can finish 1.33 (40/30) floral arrangements.

d) Anita's comparative advantage in making deliveries is based on her opportunity cost when compared with Jerome's opportunity cost of making deliveries.

Floral Delivery Total hours

Arrangement

e) Total time spent by

Anita 4 hrs 2 hrs 6 hrs

Jerome 4 hrs 2 hrs 6 hrs

Anita Jerome Total

Number of floral arrangements 8 (240/30) 24 (240/10) 32

Number of deliveries 3 (120/40) 4 (120/30) 7

Anita Jerome

Number of floral arrangements 0 36 (360/10) 36

Number of deliveries 12 (360/30) 0 12

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3 years ago

Which is the branch of the US Treasury Department that collects taxes?

romanna [79]

The answer to your question is IRS

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4 years ago

Because cash transactions occur more frequently than other transactions, there is more chance for making recording errors affect

Fiesta28 [93]

Cash transactions are more likely to be recorded incorrectly than other types of transactions since they happen more frequently.

<h3>What do you name a transaction?</h3>

A transaction is what? An executed contract between such a seller and a buyer to trade goods, services, or capital instruments in exchange for money is known as a transaction. The phrase is also frequently used in business accounting. In corporate bookkeeping, this easy notion could be difficult to apply.

<h3>Do you mean by transaction "payment"?</h3>

A transaction is the outcome of a contract between such a seller and a buyer. In a trade, the seller exchanges cash for the provision of goods, services, or other financial assets. A company's lifeblood is its financial activities, which enable them to produce a consistent revenue stream and manage cash flow.

To know more about transactions visit:

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1 year ago