Answer:
A. True
Explanation:
Balance sheet: The assets, liabilities, and equity of stockholders are recorded in the balance sheet. The accounting equation which is shown below is used
In this:
Total assets = Total liabilities + Stockholder equity
The balance sheet debit and credit side should be fair, equal and balanced.
In addition, it is always prepared on the date specified.
I have no idea i just need to answer questions sorry
Answer:
She is right, it is a better option for her to continue with her painting carrer. As is provides better economic profit.
Explanation:
accounting profit:
the sum of the explicit revenues less the explicit cost
25 painting at 8,000 each 200,000
supplies expense <u> (30,000) </u>
accounting profit 170,000
economic profit:
from the accounting pprofit, it subtract the opportunity cost, which is the cost for the best rejected option.
accounting profit 170,000
opportunity cost <u> (100,000) </u>
economic profit 70,000
Answer: quota
Explanation:
Since every Kraft sales team member is given a statement of his or her individual sales objectives, usually based on sales volume, then this is referred to as quota.
A quota refers to a statement of the sales objective of the salesperson which is based on the volume of sales sold and can sometimes consist of key accounts, repeat sales, and new accounts.
Answer:
B. Raw Materials
Explanation:
Raw materials are the basic components of manufacturing and production process in a goods manufacturing entity. Raw Materials are used in the production of a finished products (such as Crude
Oil is a raw material for Petrol, Milk is a raw material for Yogurt, Yarn is a raw material for Garment whereas Petrol, Yogurt and Garment are the finished products).
Keeping in view the above discussion, the leather purchased by the Tamara, to be used on some of the furniture to be manufactured by the Everything New, shall be classified as Raw Materials.
Answer is B. Raw Materials