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
zhuklara [117]
3 years ago
12

What is the uses of trading, profit and lost account​

Business
1 answer:
Len [333]3 years ago
4 0
The profit and loss account is used to determine the net profit of the business. The starting point for the profit and loss account is the balance carries down from the trading account which is the gross profit of business. Hope this helped you out...
You might be interested in
Nelson Manufacturing has the following data:Variable costs are 60% of the unit selling price.The contribution margin ratio is 40
Strike441 [17]

Answer:

The answer is C. $500,000 + .40X = X

Explanation:

$500,000 + .40X = X

Break even point = 500000 ÷ 500

= 1000 units

5 0
3 years ago
The Clifford Corporation has announced a rights offer to raise $10 million for a new journal, the Journal of Financial Excess. T
kkurt [141]

Answer and Explanation:

1. The maximum possible subscription price is $60

The maximum price is anything greater than $0

2.Number of new shares

$10,000,000/$50

=$200,000

Number of right shares

$1,000,000/$200,000

=$5

3. Excess right 58.33

(5*60+50)/(5+1)

Value of excess 1.67

($60-58.33)

4.Portfolio value before right offering

2,000×60

= 120,000

Portfolio value after right offering 120,000

(2000×58.33 +2000×1.67 )

8 0
3 years ago
Java jane's first coffeehouse was very successful due to the unique flavors, on-site baked goods, and inviting ambiance. the own
alexdok [17]
Given that <span>Java Jane's first coffeehouse was very successful due to the unique flavors, on-site baked goods, and inviting ambiance. the owner, jane phillips, decided to franchise her operation when she was approached by several interested investors.

The type of marketing system Java Jane's  has most likely adopted is </span><span>a contractual marketing system.</span>
7 0
3 years ago
Increasing sales without changing the original product
solmaris [256]
Dropping prices
Increased advertising
Comparing yours to competitors
5 0
3 years ago
Dukes Corporation used a predetermined overhead rate this year of $2 per direct labor-hour, based on an estimate of 20,000 direc
astraxan [27]

Answer:

Under allocation= 1,000 underallocated

Explanation:

Giving the following information:

Dukes Corporation used a predetermined overhead rate this year of $2 per direct labor-hour, based on an estimate of 20,000 direct labor-hours to be worked during the year. Actual costs and activity during the year were: Actual manufacturing overhead cost incurred $ 38,000 Actual direct labor-hours worked 18,500

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 2*18,500= $37,000

Real overhead= 38,000

Over/under allocation= real MOH - allocated MOH

Under allocation= 38,000 - 37,000= 1,000 underallocated

5 0
3 years ago
Other questions:
  • When kam, a marketing manager, drafts an email to communicate to his sales team the targets for the upcoming months, he is engag
    15·1 answer
  • One significant component of ____ can be the investment a seller makes in equipment or in the hiring of skilled employees to sup
    9·1 answer
  • A health inspector wants to check compliance with a new city ordinance on meat storage. since he can only inspect 10 of the 33 s
    8·1 answer
  • If the United States were to produce all of its own steel, rather than importing large quantities of steel from other nations, t
    8·1 answer
  • Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hour
    11·1 answer
  • Assume that a business has $50000 of current assets and $40000 of current liabilities. What is the company’s current ratio?
    15·1 answer
  • Difference between partial equilibrium and general equilibrium in the simplest form​
    15·1 answer
  • Confused as heck need help
    5·2 answers
  • Joseph (43) and Azalea (44) are married with no dependents. They will file separate returns for 2020. Joseph files his return fi
    7·1 answer
  • In 1971, Congress passed a law that banned cigarette advertising on television. After the ban it is most likely that the (i) pro
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!