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2 years ago

Which account is an example of a contra-expense account?

Business

2 answers:

Iteru [2.4K]2 years ago

5 0

Its an expense account that follows credit, not debit

muminat2 years ago

5 0

purchase returns because that was the answer i put on the same question and i got that right

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E25-18 Making outsourcing decisions Cool Systems manufactures an optical switch that it uses in its final product. The switch ha

Vikentia [17]

Answer:

From a cost savings perspective the switch should be made in-house

Explanation:

In deciding whether Cool Systems should make or buy the switch , we calculate the relevant applicable to both situations,then compare t see which option saves costs.

The cost of making the switch is calculated thus:

Direct materials per unit $5

Direct labor $3

Variable overhead <u>$6</u>

Total relevant cost <u> $14</u>

The cost of purchasing the switch from another supplier is $15

From the above analysis, it is preferable to make the switch in-house as that option saves $1($15-$14) per switch.

However, it might be that we need to look beyond cost savings sometimes,purchasing the switch from another supplier might be viable if the quality of the outside switch is better or that the outside supplier can deliver in timely fashion.

7 0

3 years ago

Evelyn invests $5,000 in a savings account that pays interest at a rate of 6.7% compounded annually. If she withdraws half the i

My name is Ann [436]

Answer:

$371

Explanation:

The computation of additional interest during the fourth year is shown below:

but before that we need to do the following calculations

Amount = Principal × (1 + (rate of interest ÷ (1 × 100)))^(1 × number of years)

A = $5,000 × (1 + (6.7% ÷ (1 × 100)))^(1 × 3)

= $5,000 × (1 + (6.7 ÷ 100))^(1 × 3)

= $5,000 × (1 + 0.067)^3

= $5,000 × (1.067)^3

= 5000 × 1.214

= $6,070

Now, Interest gained after 3 years on the amount of Principal is

= $6,070 - $5,000

= $1,070

Here Evelyn issued interest which is half that is earned at the end of the 3rd year

Sp,

Half of the interest gained will be

= $1,070 ÷ 2

= $535

Now,

The new Principal amount for 4th year is

= $6,070 - $535

= $5,535

So, the final amount in the fourth year is

A = P × (1 + (r ÷ n))^(nt)

= $5,535 × (1 + 0.067 ÷ 1 ]^(1 × 1)

= $5,535 × 1.067

= $5.905.845

Hence the additional interest in the fourth year is

= $5,905.845 - $5,535

= $370.845

= $371

Therefore for computing the additional interest during the fourth year we simply applied the above formula.

8 0

3 years ago

. sales

AVprozaik [17]

Answer:

too long............

5 0

3 years ago

Of the following, which is the best reason for using activity-based costing? a. to keep better track of overhead costs b. to ass

ira [324]

Answer:

d. to better assign overhead costs to products

Explanation:

Activity-based costing is a method in which the overhead costs are assigned to the goods and this helps to create a relationship between the costs and the products to have a better understanding of the costs involved in the manufacturing process. According to this, the answer is that the best reason for using activity-based costing is to better assign overhead costs to products.

3 0

3 years ago

The repetitive cycle that occurs with retailers in regard to product assortment is:

Vinil7 [7]

A C D it’s one of those

6 0

3 years ago