All categories

3 years ago

Which statement best illustrates the relationship between three different

Business

2 answers:

Aneli [31]3 years ago

6 0

Answer:

D. Businesses create goods for product markets, which sell them

directly to households.

Allushta [10]3 years ago

3 0

Answer:

Explanation:

You might be interested in

Taking a physical count of inventory

Inessa05 [86]

Answer:

Taking a physical count of inventory :

d.should be done near year-end.

Explanation:

Taking physical inventory is necessary for any business because it allows taking pertinent actions to start the next year, also for tracking the inventory as every item should be counted. It helps to know what happens with every article, for example, if there are any losses (damaged goods, stolen or miscounted).

It is helpful to detect items that are about to expire or become obsolete so the company can sell them, and don’t lose money, by using a marketing strategy and then renew/supply the store.

5 0

3 years ago

Top Sound International designs and sells high-end stereo equipment for auto and home use. Engineers notified management in Dece

Strike441 [17]

Answer:Yes it should be reported.

$2.8 million should be reported in the the balance sheet as a liability.

Explanation: Contingent liabilities are liabilities that depend on the outcome of an event that may likely not occur.

Before they can be reported in financial statement, it must be able to estimate the value of such contingent liability and the liability must have a higher than 50% possiblity of being achieved.

If the value can be estimated, then the liability has a higher chance of being realised.

Qualifying contingent liabilities such as the $2.8 million estimated by Top Sound International should be recorded in the income statement as an expense and a liability on the balance sheet.

Therefore the $2.8 million liability should be reported in its 2018 balance sheet

6 0

3 years ago

Which of the terms or phrases listed below is more associated with financial statements prepared in accordance with U.S. GAAP th

nekit [7.7K]

Answer:

The answer is Accumulated other comprehensive income

Explanation:

The statement of accumulated other comprehensive income is specific to U.S GAAP.It is known as statement of comprehensive under International Financial Reporting Standards.

The statement records losses and gains that are unrealized.For instance a company whose investment is in shares,would have to record the investment at fair value, that is the market price at each year end, any gains or losses arising from such valuation,especially if the shares are held for long term, is posted to the accumulated other comprehensive income or statement of comprehensive income.

The reason is that the shares are still held within the business not yet disposed of,hence the gains or losses are not realized and should not be recognized in profit or loss.

4 0

3 years ago

Department S had no work in process at the beginning of the period. It added 12,200 units of direct materials during the period

galben [10]

Answer:

Cost of completed units = $158,240

Explanation:

Cost of completed units = Cost per equivalent unit × no of units

Equivalent unit = Degree of completion × units of work

Equivalent units of material

( 9200× 100%) + (3000×100%) = 12,200 unit

Cost per equivalent unit of material = $97,600/12,200 units= $8

Equivalent units of labour and overhead

(9200× 100%) + (3000× 25%) = 750

Cost per equivalent unit of labour and overhead

=( 73,630+17910)/9950 =$9.2

Cost of completed units

= $(9.2+8)× 9,200 = 158,240

Cost of completed units = $158,240

5 0

3 years ago

Starbucks CEO Howard Schultz has made sure his employees have health insurance and work in a positive environment. He could best

Leya [2.2K]

Answer: Servant leader

Explanation: Servant leader is that leader whose main goal is to serve his followers and subordinates. All the actions that a servant leader takes is to make sure that the needs of his followers are taken care of.

This theory is sometimes used in management also we the perception that employees are the most important asset and if they are provided with proper facility their productivity will be at full, leading to development of organization.

In the given case, Starbucks CEO is taking utmost care of his employees. Hence, it is clearly a Servant leader example.

3 0

3 years ago