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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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Between 1986 and 1998 the De Beers company controlled the world diamond market. De Beers and its affiliated association of produ

Kruka [31]

Answer:

The correct answer is option A.

Explanation:

The association of De Beers and its affiliated producers is a cartel.

A cartel is formed by the producers in an oligopoly market, in order to protect their interests and earn higher profits. Forming a cartel is generally not legal in many countries. Cartels can be formed both formally and informally.

Members of a cartel can fix a higher price to earn more profit.

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3 years ago

Organizations that assist in moving goods and services from producers to businesses (B2B) and from businesses to consumers (B2C)

klemol [59]

Organizations that assist in moving goods and services from producers to businesses (B2B) and from businesses to consumers (B2C) are called marketing intermediaries.

<h3>What is the purpose of marketing intermediaries?</h3>

marketing intermediaries are those organizations that stand in the gap to

make sure the goods from the producer get to the consumers.

They usually appears as wholesaler and they Organizations that assist in moving goods and services from producers to businesses.

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1 year ago

Marin Corporation had net sales of $2,427,500 and interest revenue of $40,000 during 2017. Expenses for 2017 were cost of goods

katovenus [111]

Answer:

The answer follows below;

Explanation:

Marin Corporation

Income Statement

For the year 31, xxxx 2017

Sales $2,427,500

Cost of Goods Sold ($1,465,500)

Gross Profit $962,000

Operating Expenses

Admin. Expenses ($220,600)

Selling Expenses ($289,300)

Interest Expense ($47,900)

Total Operating Expenses ($557,800)

Operating Income $404,200

Non Operating Income

Interest Income $40,000

Total Income before Taxation $444,200

Taxes (444,200*30%) ($133,260)

Net Income after Taxation $310,940

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3 years ago

Read 2 more answers

The failure to record which transaction has no effect on the quality of inventory?

zimovet [89]

Do not record transactions that do not affect inventory quality. A recorded inventory transaction has actually taken place.

Records of inventory purchases made during the accounting period. The purchase account is increased by direct debit. The manufacturing costs of the goods sold are overestimated by the same amount. An overstatement of cost of goods sold will result in an understatement of net income and retained earnings by the original margin of error.

If the auditor is dissatisfied with the accuracy of the closing balance sheet and may be materially increase.

Inventory write-downs affect both the income statement and the balance sheet. Write-offs are treated as expenses. This means your net income and tax liability will be reduced. Therefore, a decrease in net income will reduce a company's retained earnings and reduce shareholders' equity on the balance sheet.

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1 year ago

Your healthy 63-year-old neighbor is about to retire and comes to you for advice. From talking with her, you find out she was pl

pashok25 [27]

Answer:

Both mutual funds and money market funds are similar in the sense that they pool money from several investors in a variety of instruments. The difference is that money market funds pool the money in very liquid, short-term securities, while mutual funds do the same but in less liquid, longer-term securities.

The 63-year-old neighbor should therefore split the money around 60/40, 60% of the funds for mutual funds, in order to have long-term security, and 40% in the money market funds, in order to have quick cash available when needed.

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2 years ago