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3 years ago

What is a contact list

Business

2 answers:

marysya [2.9K]3 years ago

8 0

Answer:

a collection of screen names, like on your phone where you keep all your friends' phone number

kvasek [131]3 years ago

4 0

A contact list is a collection of screen names. It is a commonplace feature of instant messaging, Email clients, online games and mobile phones. It has various trademarked and proprietary names in different contexts. The contact list is just a list. Its window shows screennames that represent actual other people.

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Alexander has been accepted as a freshman at a college two hundred miles from his home for the fall semester. Alexander's wealth

irga5000 [103]

Answer:

Yes.

Alexander is an intended third party beneficiary of the contract between Michael and Jackson Auto Sales.

Explanation:

In the law of contracts, Alexander becomes a third-party beneficiary of the contract between Michael and Jackson Auto Sales, and he has the right to sue in the contract notwithstanding that he was not an active party to the contract. Some of the factors that may be present to show that a Alexander is an intended beneficiary are: (1) the contract's performance is rendered directly to Alexander; (2) Alexander has rights to control the details of the performance; or (3) there is an express designation in the contract, e.g. the title to the car is in Alexander's name.

3 0

3 years ago

Prepare income statements based on variable costing for each of the 2 years. 2.Prepare income statements based on absorption cos

enot [183]

Answer:

The question is incomplete, it is missing the accounts and numbers, so I looked for a similar question:

The Rehe Comany sells its razors at $3 per unit. The company uses a first-in, first-out actual costing system. A fixed manufacturing cost rate is computed at the end of each year by dividing the actual fixed manufacturing costs by the actual production units. The following data are related to its first two years of operation:

2011 2012

Sales 1000 units 1200 units

Costs:

Variable manufacturing 700 500

Fixed manufacturing 700 700

Variable operating (marketing) 1000 1200

Fixed operating (marketing) 400 400

2011 2012

Sales 1000 units 1200 units

Production 1400 1000

Costs:

Variable manufacturing $700 $500

per unit $0.50

Fixed manufacturing $700 $700

Variable operating (marketing) $1000 $1200

Fixed operating (marketing) $400 $400

cogs under absorption costing 2011 = ($1,400 / 1,400) x 1,000 = $1,000

cogs under absorption costing 2012 = $400 + ($1,200 / 1,000) x 800 = $1,360

1. INCOME STATEMENTS

VARIABLE COSTING

2011 2012

Total sales revenue: $3,000 $3,600

Opening inventory: ($0) ($200)

Variable manufacturing: ($700) ($500)

Ending inventory: $200 $100

Gross contribution margin: $2,500 $3,000

Variable operating: ($1,000) ($1,200)

Contribution margin: $1,500 $1,800

Fixed manufacturing: ($700) ($700)

Fixed operating: ($400) ($400)

Net operating income: $400 $700

2. INCOME STATEMENTS

ABSORPTION COSTING

2011 2012

Total sales revenue: $3,000 $3,600

COGS: ($1,000) ($1,360)

Gross margin: $2,000 $2,240

Operating costs: ($1,400) ($1,600)

Net operating income: $600 $640

3. Under variable costing, closing inventory = 400 units x $0.50 (variable production costs per unit) = $200.

Under absorption costing, closing inventory = 400 units x $1 (production cost per unit) = $400

Since closing inventory is $200 higher under absorption costing, then net operating income during 2011 increases by $200.

4. a) Variable costing is more likely to result in inventory buildups. Since variable costing determines the value of closing inventory only using variable manufacturing costs, their value is much lower. E.g. in this case the value of closing inventory 2011 under variable costing is $200, while under absorption costing it is $400. This means that less costs are transferred from one year to another.

b) Cost of goods sold must include all production costs (both variable and fixed). This way COGS costs cannot be over estimated during one year and under estimated the next.

3 0

3 years ago

ncome Statements under Absorption Costing and Variable Costing Gallatin County Motors Inc. assembles and sells snowmobile engine

Mnenie [13.5K]

Answer:

Income statement according to the absorption costing

Sales 2,600,000

Less Cost of Goods Sold

Opening Stock 0

Add Cost of Goods Manufactured

Direct materials 1,218,000

Direct labor 522,000

Variable factory overhead 87,000

Fixed factory overhead 130,500

Less Closing Stock (1,957,500/4,350)×350 (157,500) 1,800,000

Gross Profit 800,000

Less Period Costs :

Selling and administrative expenses:

Variable selling and administrative expenses (60,000)

Fixed selling and administrative expenses (25,000)

Net Income 715,000

Explanation:

Product/Manufacturing Cost - Absorption Costing = Direct Materials + Direct Labor + Variable Overheads + Fixed Overheads

Period Cost - Absorption Costing = All Non - Manufacturing Costs

7 0

3 years ago

A company orders office supplies in June. Those supplies are received and used in July. The supplies are paid for in August. In

Leviafan [203]

Answer:

Expense must be recognized in July

Explanation:

The reason is that the expense must be recognized in the month in which the supplies are used because the accrual concept says that the expenses must be realized when they are incurred. Incurred means that the consideration received has been used. For example if I pay the telecommunication network in June to give 4G internet and the services are delivered in the month July then the expenses will be realized in the month in which the services were used and that is July for internet facilities. So in this case the supplies are used in the month of July which is in-accordance with the accrual concept.

8 0

3 years ago

Which of the following statements regarding GDP is correct?

nirvana33 [79]

Answer:

Correct option is (a)

Explanation:

GDP or Gross domestic product includes monetary value of all goods and services produced within a country. It includes all private and public investments and exports less taxes and imports.

Option b, c and d are incorrect as GDP accounts for only domestic production and not foreign activities. Details about how income is distributed is not given by GDP. GDP provides details about economic condition of the nation. GDP does not indicate wholesome well being of the nation like human development, infant mortality and standard of living.

GDP accounts for factory production but does not account for any production carried out at the cost of environmental degradation.

3 0

3 years ago