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3 years ago

Which account is not classified as a selling expense? sales salaries delivery expense cost of goods sold advertising expense?

2 answers:

8 0

The three out of four in the choices is classified as a selling expense such as sales salaries, delivery expense, and advertising expense. This three are under the account of selling expense while the Cost of good sold or for short COGS is also classified as an expense but the cogs we sold needs to be matched with the pertinent sales on the income statement.

alina1380 [7]3 years ago

7 0

The account that is not classified as a selling expense is Cost of Goods Sold (COGS) . Cost of Goods Sold includes the cost of the materials used to create the good and the direct labor costs used to produce the good. These costs are an expense of the business or a company and reduce the profit.

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Willis Company made a $280,000 investment in new machinery. Assuming the company's margin is 7%, what income will be earned if t

uysha [10]

Answer:

the income earned is $39,900

Explanation:

The computation of the income earned is shown below:

As we know that

Margin (%) = Income earned ÷ Sales revenue

Therefore,

Income earned = Additional sales Margin percentage

= $570,000 × 7%

= $39,900

hence, the income earned is $39,900

We simply applied the above formula so that the correct value could come

And, the same is to be considered

8 0

3 years ago

Crowl Corporation is investigating automating a process by purchasing a machine for $802,800 that would have a 9 year useful lif

puteri [66]

Answer:

Simple rate of return = 6.25%

Explanation:

As per the data given in the question,

Net operating income = saving - depreciation on machine

Investment = cost price - scrap value

So, we can calculate the simple rate of return by using following formula:

Simple rate of return = Net operating income ÷ investment

By putting the value, we get

= ($138,000 - $89,200) ÷ ($802,800 - $22,200)

= 0.0625

= 6.25%

7 0

3 years ago

__________________ are ways that a nation can draw up regulations, inspections, and paperwork to make it more costly or difficul

Diano4ka-milaya [45]

Answer: Nontariff barriers

Explanation:

Nontariff barriers are trade barriers that are used whereby the import and export of goods and services are restricted. It should be noted that the restriction is not by tariffs but can include include embargoeds, quotas, sanctions, and levies.

The main reason for trade barriers are to generate revenue for the government and also to protect the local industries.

8 0

3 years ago

Indicate all items in the following list that are not consumption goods and services and explain why.Item a: A chocolate barIte

natima [27]

Answer: Option B, D , E

Explanation: In simple words, goods which are not used in the production of other goods rather consumed by the individual to satisfy current wants is called consumer goods.

So, form the above explanation we can conclude that a chocolate bar and a golf ball are consumer goods among all options.

B. A ski lift will be used continuously by the owner for its business operation. Hence, not a consumer good.

D. A shopping mall cannot be considered a good. It is a fixed asset to the entity owning it. Hence, not a consumer good.

E. A train will continuously used by the organisation owning it for its business purpose. Hence , not a consumer good.

8 0

3 years ago

What are the three elements of business equipment and resource?

just olya [345]

Explanation:

No matter how bold or ambitious your plans are to grow your business, the key to your business's success lies in three critical, interdependent components: operational excellence, customer relations/communications and financial management.

5 0

2 years ago