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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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Assume that investors can borrow and lend at risk-free rate of 5%. The optimal tangent portfolio on the efficient frontier has a

gizmo_the_mogwai [7]

Answer:

B. Portfolio B with E(R)=13% and STD=18%

Explanation:

The computation is shown below;

Reward to risk ratio = (15% - 5%) ÷ 20% = 0.5

The porfolio should be in line i.e.

= 0.05 + 0.5 × standard deviation

For portfolio A

= 0.05 + 0.5 × 25

= 17.5%

For portfolio C

= 0.05 + 0.5 × 1

= 5.5%

Portfolio B, the std is 18%

So,

= 0.05 + 0.5 × 18%

= 14%

5 0

3 years ago

Jamal has owned his home for about 5 years. his refrigerator needs to be replaced and jamal is thinking about buying an energy s

ipn [44]

Answer - A (7 years)

WORKINGS

To calculate how long it would take for the new refrigerator to pay for itself in lower utility costs, the cost of new refrigerator will be divided by lower utility cost per year

Cost of new refrigerator = $598

TO CALCULATE LOWER UTILITY COST PER YEAR

At a cost of only 12 cents per day

Annual cost will be 12 X 365 = 4380 Cents ($43.8)

Cost saved annually = Cost of old refrigerator – Cost of new refrigerator.

Lower utility cost per year = $132 – $43.8

Lower utility cost per year = $88.2

How long would it take for the new refrigerator to pay for itself in lower utility costs?

$598 ÷ $88.2

= 6.78 years

Approximately 7 years

7 0

3 years ago

Read 2 more answers

Bono was kicked out of the band U2 for failing to attend rehearsals on time and constantly cutting the strings of Adam Clayton b

never [62]

Answer:

Explanation:

He was fired for constantly missing rehearsals which is a duty of his role as an employee of U2

6 0

3 years ago

A bank run involves:

Aleonysh [2.5K]

Answer:

The correct answer is letter "B": large numbers of depositors withdrawing their deposits within a short period of time.

Explanation:

A bank run is a situation in which account holders massively withdraw their funds under the fear the financial institution will lose its liquidity. The situation gets to a point in which the bank is at risk of sensing all its reserves and fail to provide all its clients the money they deposited.

In the U.S. financial institutions with deposits between $16 and $122.3 million must have a minimum reserve of 3%. When the deposits exceed $122.3 million the minimum reserve increases to 10%. The rest of the money is reinvested by banks.

5 0

3 years ago

Coronado Corporation had net sales of $2,409,000 and interest revenue of $35,100 during 2020. Expenses for 2020 were:

Ivenika [448]

Answer:

Coronado Corporation

Income statement for the year 2020

$ $

Net Sales 2,409,000

Interest Revenue 35,100

Total income 2,409,000

Cost of goods sold (1,452,700)

Gross Income 956,300

Operating Expense

Administrative expenses 215,700

Selling expenses 287,700

Total Operating Expenses (503,400)

Operating Income 452,900

Interest expense (49,800)

Income before Tax 403,100

Tax rate 30% 120,930

Net Income 282,170

Explanation:

Sales and Interest revenue are from the revenue section and totalling them we get total income. After deducting cost of goods sold we have gross income. From here we will subtract operating expenses from gross income to reach at operating income. after deducting interest and tax expenses we can have net income for the year.

3 0

3 years ago