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Naddik [55]
3 years ago
13

Fit-for-Life Foods reports the following income statement accounts for the year ended December 31.

Business
1 answer:
Alenkinab [10]3 years ago
4 0

Answer: Check attachment

Explanation:

Note that, in the attachment, the total expense was calculated as the addition of the selling expense and the general and administrative expenses. This will be:

= $49700 + $34110

= $83810

Operating income was calculated as:

= Gross profit - Total expenses

= $107200 - $83810

= $23390

Check the attachment for further details.

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In the context of Frederick W. Taylor's four principles of scientific management, what is a difference between the first princip
Arada [10]

Answer:

Explanation:

Fist we should understand 1st and 4th principles.

First principle - "Science, Not Rule of Thumb". It says that we should develop a science for elements of work and do not get stuck in a set routine with the old techniques of doing work. We should be constantly experimenting to develop new techniques which make the work much simpler, easier and quicker. Basically, looking at doing work from the perspective of science and experimenting.

Third principle - "Cooperation, Not Individualism". It says  that when people work together there should be cooperation. Managers and employees should work together and jointly achieve results. This increases involvement and responsibility

The first principle is to develop a science for each element of work, whereas the third principle instructs managers to cooperate with employees to ensure that scientific principles are actually implemented is a difference between the first principle and the third principle.

6 0
3 years ago
Listed below are various transactions that a company incurred during the current year. select the impact on total stockholders'
adelina 88 [10]

Answer:

1. No par common stock is issued.

  • I) INCREASE STOCKHOLDERS' EQUITY SINCE COMMON STOCK ACCOUNT WILL INCREASE.

2. Treasury stock is sold at cost for cash (assume the cost method).

  • I)  INCREASE STOCKHOLDERS' EQUITY SINCE TREASURY STOCK IS A CONTRA EQUITY ACCOUNT THAT REDUCES TOTAL EQUITY, AND SINCE THE STOCKS WERE HOLD, EQUITY WILL INCREASE.

3. Treasury shares of preferred stock are purchased (assume the cost method).

  • D)  DECREASE STOCKHOLDERS' EQUITY SINCE TREASURY STOCK IS A CONTRA EQUITY ACCOUNT THAT REDUCES TOTAL EQUITY.

4. A payment date occurs for a cash dividend.

  • NE) NO EFFECT ON EQUITY, SINCE EQUITY HAD ALREADY DECREASED ON THE DAY THAT THE DIVIDENDS WERE DECLARED.
4 0
3 years ago
Roll over each phrase to see various actions that ensure fair communications. Then drag the actions to the most appropriate cate
marta [7]

Answer / Explanation:

Access: Real motives, Asking customers, Providing data, allowing expression

Impacts: Thinking about your idea, thinking of the community

Fact: Checking your report, Avoiding exaggeration

Respect: Valuing others opinions, choosing words carefully.

Now to be able to fully comprehend the aforementioned above, let us define a couple of them.

Access: This simply refers to being able to get approval to what is needed

Impact: This refers to or can be likened to the action of an object coming forcibly into contact with another external object.

Fact: This can be likened to a process that has been tested and proven to be an established principle.

Respect: This can be referred to as the feeling of admiration for an individual or group of people due to their perceived abilities or level of achievement.

With the brief definition of this terms, i hope you find it logical why the action were dragged to the perceived most appropriate category.

5 0
3 years ago
According to climate data recorded since 1884, the average annual snowfall in philadelphia is 22.3 inches. this value is an exam
Anvisha [2.4K]

Since 1884, climate records have been kept, and they show that Philadelphia experiences an average yearly snowfall of 22.3 inches. An illustration of descriptive statistics is this value.

<h3>What is descriptive statistics in statistics?</h3>

The fundamental characteristics of a dataset identified in a particular study are described, illustrated, and summarized using descriptive statistics. The summary provides details on the data sample and its measurements. Analysts will understand the data more readily as a result.

<h3>What can we conclude from descriptive statistics?</h3>

The features and value distribution of one or more datasets are summarized using descriptive statistics. The central tendency and degree of value dispersion in datasets can be quickly viewed by analysts using the traditional descriptive statistics.

Learn more about descriptive statistics: brainly.com/question/13335435

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6 0
1 year ago
Omega Custom Cabinets produces and sells custom bathroom vanities. The firm has determined that if it hires 10 workers, it can p
adell [148]

Answer:the correct answer is A. For the 11th worker, the marginal profit is $600.

Explanation:

10 men             20  vanities per week

11   men            22 vanities per week

1 man more       2 vanities more

If the company uses 1 man more produces 2 vanities more, so the company spends $1000 on the extra man and makes 2*$800= $1,600 (for two extra vanities). For the 11th worker, the marginal profit is = $1600-$1000= $600

6 0
3 years ago
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