Answer:
Balance sheet:
Accounts Payable
-Liability
Property, Plant. and Equipment
-Asset
Long-Term Debt-Liability
Retained Earnings-equity account
Prepaid Expense
-Asset
Common Stock
-equity account
Accounts Receivable-Asset
Income statement:
Cost of Goods Sold-expense
Research and Development-expense
Explanation:
Property, plant and equipment , accounts receivable and prepaid expenses would appear on the asset side of the balance sheet.
Long-term debt and accounts payable are both liabilities since they are obligations owed to third parties while retained earnings and common stock are both equity account
Lastly,cost of goods sold and research and development cost are expenses in the income statement
Answer:
B) Retaining
Explanation:
Retaining risk refers to the risk in which the company could able to take the decision with respect to the responsibility for some particular risk
Here in the given situation it represents that the risk is associated with one of the key members so this presents the responsibility that should be considered while retaining a risk
Hence, the correct option is B.
Answer: construction receivable
Explanation:
Accounts receivable management involves improving the collection process for efficiency, identifying the reasons for nonpayment and being proactive in reminding clients about their overdue accounts.
<span>Gavina places products in several of the marketing channel categories. Two examples of this are placement in mcdonald's in a time utility category and placement in costco in the place utility category.
McDonald's falls under the time utility category because they streamline their services by making the ordering process to leaving with food as fast as possible. Those people wanting to save time and/or get the most value for their time often pick a fast food chain.
Cosco is an ample of place utility because they group together large quantities of </span>items that many consumers want into one place. By doing this, they allow the buyer more options in one place making items more easily accessible.
Answer:
The answer is: Gross profit = $2,788
Explanation:
- Feb. 1 Purchase 110 units $46 per unit
- March 14 Purchase 190 units $48 per unit
- May 1 Purchase 135 units $ 50 per unit
312 units were sold at $64 per unit, tax rate is 30%
Using FIFO, what is the company's gross profit? We first calculate COGS
Cost of goods sold - 312 units:
- 110 units at $46 per unit = $5,060
- 190 units at $48 per unit = $9,120
- 60 units at $50 per unit = $3,000
Total COGS = $17,180
<u>Income statement for Hogan Industries 2017</u>
Total revenue $19,968
<u>COGS ($17,180) </u>
Gross profit $2,788
<u>Taxes 30% ($836.40) </u>
Net profit $1,951.60
