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Mamont248 [21]
3 years ago
10

The percentage of sales approach separates accounts on the pro forma income statement and balance sheet into those that change d

irectly with ____ and those that do not.
Business
1 answer:
lukranit [14]3 years ago
5 0

Answer:

Sales

Explanation:

Sales is defined as the activities which are related to the selling or the number of the services or goods that are sold in the given period of time or year.

The seller who finished or concluded the sales in relation to the acquisition or appropriation or in a direct interaction at the time of sale with the buyer.

Therefore, the percentage of the sales method, separates the accounts on the balance sheet and pro forma income statement into those which change directly with sales.

You might be interested in
Variable costs as a percentage of sales for Lemon Inc. are 71%, current sales are $551,000, and fixed costs are $207,000. How mu
MAVERICK [17]

Answer: a.$10,904 increase

Explanation:

Operating income before sales increase:

= Sales - Variable costs - Fixed costs

= 551,000 - (71% * 551,000) - 207,000

= -$47,210

Operating income after sales increase:

Sales increases to:

= 551,000 + 37,600

= $588,600

= 588,600 - (71% * 588,600) - 207,000

= -$36,306

Difference:

= -47,210 - (-36,306)

= Increase of $10,904

7 0
3 years ago
Choose the term that best matches the description given.
OleMash [197]

Answer:

supply

Explanation:

it is how much of something you have to sell

3 0
3 years ago
Allocation of resources is inefficient only if:________
weqwewe [10]

Answer:

<em><u> we produce the goods and services that  people value less</u></em>

<em><u>Explanation:</u></em>

<em><u>Remember, </u></em> an inefficient activity is one that<em> fails</em> to achieve maximum productivity with minimum wasted effort.

Let's take for example a mobile producer (manufacturer) decides to allocate its resorces into producing<em> laptops.</em> However, it later determined that the allocated resources were inefficient since most consumers according to a  survey now prefer <em>tablet</em> <em>computers. </em>The company received low sales volume as result.

6 0
3 years ago
Consider the following information: ending inventory, $ 24,000 ; sales, $ 250,000 ; beginning inventory, $ 30,000 ; selling and
Volgvan

96,000 is the cost of goods sold.

Beginning inventory,       $30,000;

Add: Purchases,              $90,000.

Less: Ending inventory  $24,000;

Cost of Goods Sold $96,000

Cost of Goods Sold is the number of direct materials, direct labor, and manufacturing overhead charged to the units sold during the period. Presented as a deduction from net sales to obtain gross margin for the period. The cost of goods sold is the total amount paid by a company for expenses directly related to the sale of its products. Depending on the business, this may include direct labor associated with manufacturing or selling products, raw materials, packaging, and merchandise purchased for resale purposes.

Learn more about the Cost of Goods Sold at

brainly.com/question/24561653

#SPJ4

3 0
2 years ago
Which era came immediately after World War II?
aleksley [76]

Answer:

The postwar era, 1945-1950.

5 0
3 years ago
Read 2 more answers
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