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
Gabriel Corporation has fixed costs of $180,000 and variable costs of $8.50 per unit. It has a target income of $268,000. How ma
baherus [9]

Answer:

uh... 180 divide by 8.5... multiply to 12

5 0
3 years ago
A parents' group in a small town formed an unincorporated association to run a little league soccer team. Alex was elected presi
Keith_Richards [23]

Answer:

The only person liable for the goods purchased is Alex because he was the person that made the purchases.

Explanation:

Alex is to be held liable because he was authorized to make the purchase. A single member of an unincorporated association is liable for the debts of the organization if they are given authorization to execute a specific act which is seen in this case here.

6 0
3 years ago
If Ana considers cake a substitute for Top Ramen noodles, and her quantity demanded for Top Ramen goes from 30 to 40 packets eve
kondaur [170]

Answer:

$0.35

Explanation:

The computation of the price elasticity of demand using mid point formula is shown below:

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)

So, Change in quantity demanded would be

= Q2 - Q1

= 40 - 30

= 10

Now, Average of quantity demanded

= (40 + 30) ÷ 2

= 35

Change in price

= P2 - P1

= $35 - $15

= $20

And, the average of price would be

= ($35 + $15) ÷ 2

= $25

Cross price elasticity of demand = (10 ÷ 35) ÷ ($20 ÷ $25)

= 0.28 ÷ $0.8

= $0.35

5 0
3 years ago
It is said that there are a number of steps in designing an effective service system which include a) Establishing procedures to
MAXImum [283]

Answer is in a file below

cutt.us/tWGpn

5 0
3 years ago
Who is most likely to draw the highest salary?
sattari [20]

Answer:

the answer would be c

Explanation:

i think it would be c because an associates degree is higher than a graduates and a diploma.

8 0
4 years ago
Read 2 more answers
Other questions:
  • A marketing consultant uses the job costing system and has a pre-determined overhead rate of $15 per direct labor hour. This amo
    15·1 answer
  • Ted was just promoted to a managerial position and feels that he needs to buy a new luxury car and join the country club in orde
    8·1 answer
  • Which of the following statements about a partnership is true? a. Partners are considered employees of the partnership. b. A par
    14·1 answer
  • "New Millennium Enterprises institutes a training program that teaches employees how to treat customers with respect. Three week
    5·1 answer
  • Sage Company is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $13.00
    7·1 answer
  • The person who receives financial protection from a life insurance plan is called
    10·2 answers
  • Ms. Jorgen recently moved from Boston to Pittsburgh to take a job with OP Inc. She sold her home in Boston and OP paid the $14,5
    14·1 answer
  • The decision by shoe store owners to fix their prices will result in consumers paying _____ prices. lower higher the same
    14·2 answers
  • Why do you think that the decision making is crucial part of your life?give reason.​
    6·1 answer
  • Although most people want maximum attainment of every economic goal, there is the operating reality of ________________________
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!