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2 years ago

Alan and Desmond have set up a law business in a high–priced office. Which type of business do they have?

2 answers:

8 0

<span>It depends on their agreement. It could be a general partnership or a limited partnership. One could be an investor and one runs the business day to day.</span>

denis-greek [22]2 years ago

4 0

The answer is partnership, hope this helps!

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Trak Corporation incurred the following costs while manufacturing its bicycles. Bicycle components $100,000 Advertising expense

Furkat [3]

Answer: Please refer to Explanation

Explanation:

Bicycle components - DIRECT MATERIALS

- Needed in the production of the bicycles.

Depreciation on plant. MANUFACTURING OVERHEAD.

- Indirect expense that relates to the production plant.

Property taxes on store. PERIOD COST.

Expense related to the sales of the bicycles that must be expensed in the period incurred.

Labor costs of assembly-line workers. DIRECT LABOUR.

Main labour associated with the production of the bicycles. They are DIRECTLY involved.

Factory supplies used. MANUFACTURING OVERHEAD.

Used in the Factories but not directly related to the production of the bicycles.

Advertising expense. PERIOD COST.

It is spent in the period that it is incurred therefore it is a period cost.

Property taxes on plant. MANUFACTURING OVERHEAD. Indirect expenses that are incurred in relation to the production of bicycles.

Delivery expense. PERIOD COST.

Expensed in the period it is incurred.

Sales commissions. PERIOD COST.

Expensed in the period it is incurred.

Salaries paid to sales clerks. PERIOD COST.

Expensed in the period it is incurred.

3 0

2 years ago

Late in the semester, a friend tells you, "I was going to drop my psychology course so I could concentrate on my other cours

NISA [10]

Answer:

Your friend is not reasoning correctly

Explanation:

I'd say, since he admit to putting so much time and effort into psychology, there's simply no need to drop the course. So therefore, your friend is incorrectly reasoning.

6 0

3 years ago

REM Real Estate received a check for $27,000 on July 1 which represents a 6 month advance payment of rent on a building it rents

vovikov84 [41]

Answer:

Debit Unearned Rent Revenue $4,500

Credit Rent revenue $4,500

Explanation:

Amount received in advance is recorded as a debit to cash account and a credit to deferred or unearned revenue. When revenue is earned, the amount earned is credited to revenue and debited to the deferred revenue account.

As such, where REM Real Estate received a check for $27,000 on July 1 which represents a 6 month advance payment of rent on a building, initial entries required are

Debit cash account $27,000

Credit Unearned Rent Revenue $27,000

when financial statements are prepared for July 31, one month revenue would have been earned. This is equivalent to

= 1/6 × $27,000 = $4,500

Adjusting entries required

Debit Unearned Rent Revenue $4,500

Credit Rent revenue $4,500

7 0

3 years ago

True or false: The role of the government in the free market is limited

MAVERICK [17]

This statement is TRUE

Hope this helps

-AaronWiseIsBae

3 0

3 years ago

With ________, the seller pays both the cost of loading and transporting the product to the customer.

Lynna [10]

With F.O.B. delivered pricing the seller pays both the cost of loading and transporting the product to the customer.

Means of transport is used interchangeably with means of transport. Transportation means include buses, trains, planes, ships, cars, etc. Transportation means roads, airways, oceans, and so on. It is one of many types of transport machinery used to transport people and cargo.

Modern means of transportation include airways, waterways, and railroads. Description: Modes of transport include air, water, and land. Examples of modern transportation include ships, boats, planes, and trains. Each mode of transportation has its own infrastructure, vehicles, carriers, and operations.

Means of transport is used interchangeably with means of transport. Transportation means include buses, trains, planes, ships, cars, etc. Transportation means roads, airways, oceans, and so on. It is one of many types of transport machinery used to transport people and cargo.

Modern means of transportation include airways, waterways, and railroads. Description: Modes of transport include air, water, and land. Examples of modern transportation include ships, boats, planes, and trains. Each mode of transportation has its own infrastructure, vehicles, carriers, and operations.

Learn more about transporting here

brainly.com/question/27667264

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8 0

1 year ago