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3 years ago

Gross earning are the same as

2 answers:

6 0

Gross earnings means the total income earned before the application of any tax deductions or adjustments. For community (public) companies gross earnings is an accounting convention<span>, referring to the amount left over from total expenses over a specified time period once the </span>cost of goods sold.
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i don't know if this was what you were asking but here you go.</span>

Assoli18 [71]3 years ago

4 0

Gross earnings are the same as the total income earned prior the application of any tax deductions or adjustments..

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A business ____ is the way a company operates to generate revenues and remain a viable entity.

antoniya [11.8K]

I think the missing word is Plan but I'm not sure.

7 0

4 years ago

Suppose our firm produces chartered business flights with capital (planes) and labor (pilots) in fixed proportion (i.e., one

GREYUIT [131]

Answer:

A. follow the 45-degree line from the origin

Explanation:

In order to diversify the business that means the output level should be increased we need to rise the input i.e. no of planes and pilots

Now if we increase the no of planes by 1 so here the no of pilots should also be increased by 1 units

So the expansion path equation is y = x

Therefore the option a is correct

5 0

3 years ago

Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricat

Nataly [62]

Answer:

$2.90 per unit

Explanation:

The computation of the cost per equivalent unit of conversion is attached below:-

The formulas are shown below:-

Equivalent material = Direct material × Percentage completion

Equivalent conversion = Conversion × Percentage completion

The cost per equivalent unit come from

= Total cost ÷ number of equivalent units

hence, the cost per equivalent unit of conversion is $2.90 per unit

8 0

3 years ago

Match the appropriate costing method to the description

sp2606 [1]

Answer:

a. Absorption costing only -- 8. Includes gross profit on the income statement
2. Required by generally accepted accounting principles.
b. Variable costing only -- 6. Generally provides the most useful report for setting long-term prices.
3. Treats fixed manufacturing cost as a period cost.
5. Generally provides the most useful report for controlling costs.
4. Operating income is impacted by changes in inventory level.
c. Both absorption and variable costing -- 7.May be used in a manufacturing company
1.Treats fixed selling cost as a period cost.

Explanation:

The absorption costing includes that all the manufacturing costs which are given to the units produced and the cost of a finished product will be the cost of the direct material and labor.

Variable cost is a method that assigned the variables costs to the inventories and means that overall cost changes to expenses in a time of occurrence.

Both of these costs are related to the method of the production and costs that are incurred in the production and in which method the company uses to make.

8 0

3 years ago

List four ways in which china was affected by thriving trade during the yuan dynasty

Paul [167]

Answer:

Four ways in which china was affected by thriving trade during the yuan dynasty are:

Sea trade developed under the Mongols.
Skills and information from china spread through other parts of the world.
A more accurate calender been used.
They started using better astronomical instruments.

Explanation:

Yuan Dynasty was establised by mongols in the early 13 centuries. It was ruled by Kublai Khan. It was first forgein led dynasty in the ancient China. Yuan danasty have open door policy, where forgeiners were allowed to travel freely in China without paying any taxes. They have introduced the first paper currency.

7 0

3 years ago