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guajiro [1.7K]
3 years ago
5

Expenses that are not easily associated with a specific department, and which are incurred for the joint benefit of more than on

e department, are:
Business
1 answer:
Talja [164]3 years ago
3 0

Answer:Indirect Expenses

Explanation:  Indirect Expenses are those expenses which are not directly related to the product manufactured or service rendered by  a  company but are generally incurred in the operating and running of a business and cannot be traced to a particular department because the benefits are enjoyed collectively-The reason why its expenses are usually shared among departments or sectors.

Examples of indirect expenses include Rent, salaries to employees, legal charges, insurance of building, depreciation, printing charges, office expenses, telephone bills, advertising, marketing, stationery etc.

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Both the payments to debt-holders (lenders) and equity-holders (shareholders) are liabilities of the firm and both kinds of inve
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False I just know it lol trying to make this answer long
4 0
3 years ago
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The capital and financial account is the record of​ _____ minus us investment abroad.
Charra [1.4K]

Answer: The capital and financial account is the record of​ the United States minus us investment abroad.

Explanation: This account will record the balance of all payments for a country's international transactions with the rest of the world. The transactions are recorded in two different accounts, the current account and the capital and financial account.

5 0
3 years ago
Exercise 2.2 Preparing a Balance Sheet (LO2-4)
solmaris [256]

Answer:

Explanation:

The corrected sheet is given below

WILLIS TRANSPORTATION SERVICE

Balance sheet

Feb-28

Assets

Cash 74000

Accounts Receivable 72000

Supplies 14000

Land 70000

Buildings 90000

Automobiles 175000

Total 495000

Liabilities & Owners' Equity

Liabilities:

Notes payable 281000

Accounts Payable 58000

Total Liabilities 339000

Owners Equity:

Capital Stock 94000

Retained earnings 62000

Total 495000

3 0
2 years ago
Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $70,200 cash to start the bu
Verizon [17]

Answer:

The net income is $94,450

Explanation:

For computing the net income first determine the total assets and total liabilities which is shown below:

For total assets

= cash + account receivable + store & office equipment

= $69,350 + $39,000 + $73,000

= $181,350

For total liabilities

= Account payable + note payable

= $13,300 + $3,400

]= $16,700

Now with the help of an accounting equation, the total stockholder equity is

Total assets = Total liabilities + common stock + net income

$181,350 = $16,700 + $70,200 + net income

So, the net income is $94,450

8 0
3 years ago
Samba's responses to madame upon learning he will be hired back in two and a half months are
amid [387]
I Believe his responses were ironic.
The two and a half monts time were interferring with his decision to do missionary services in Africa. So even though Samba was happy about the news, he's going to kill his lifelong dream if he decided to take the job from Madame.

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3 years ago
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