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pav-90 [236]
3 years ago
8

Four basic steps are used in an abc system. list the proper order of these​ steps, which are currently scrambled​ below:

Business
1 answer:
alukav5142 [94]3 years ago
7 0
First Identity the primary activities
Then goes select an allocation
Followed by calculating an activity
And finally allocate the costs

Hope this helps
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The costs incurred before opening a business​
True [87]

The expenditure incurred prior to the incorporation of an enterprise is to be considered as a pre-incorporation capital expenditure. The expenditure incurred prior to the 'setting-up of business' is to be considered as a pre-operative capital expenditure.

8 0
2 years ago
At the beginning of July, CD City has a balance in inventory of $2,850. The following transactions occur during the month of Jul
erastova [34]

Answer:

Gross profit = $ 3950.

Explanation:

1.

July-3. Dr Merchandise Inventory   1750

                   Cr Accounts payable    1750

  ( To record purchase of inventory on account)

July-4. Dr Merchandise Inventory   120

                                              Cr Cash   120

  ( To record payment of freight charges)

July-9 Dr Accounts payable  400

                 Cr Merchandise Inventory   400

   ( To record return of inventory)

July-11 Dr Accounts payable  1750

                        Cr Cash                  1750

 ( To record payment from wholesale music in full)

July-12.a) Dr Cost of goods sold 2450

                         Cr  Merchandise inventory   2450

          b)  Dr Account receivable  4700

                         Cr   Sales revenue       4700

    (To record sales of goods to a customer)

July-15. Dr Cash  4700

                      Cr  Account receivable  4700

      ( To record receipt from sale of goods)

July-18 Dr Merchandise inventory 2550

                      Cr Accounts payable           2550

       (To record purchase of inventory on account)

July-22.a) Dr  Cost of goods sold  1950

                                 Cr merchandise inventory   1950

                 Dr Account receivable   3650

                                 Cr sales revenue     3650

           (To record sales of goods on account)

July-28 Dr Accounts payable 190

                  Cr Merchandise inventory   190

      (To record purchase return)

   

July-30. Dr Accounts payable  2550

                     Cr Cash                        2550

       (To record paid in full).

2.                                              Income statement

Sales (4700+3650)                                                                         = 8350

Less: Cost of goods sold (2450+1950)                                          =(<u>4400</u>)

                               Gross profit                                                         3950

7 0
3 years ago
Monopolistic competition resembles pure competition because:
OleMash [197]

Answer:

The correct answer is D.

Explanation:

Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another as goods but not perfect substitutes (such as from branding, quality, or location). In monopolistic competition, a firm takes the prices charged by its rivals as given and ignores the impact of its own prices on the prices of other firms.

Monopolistic competitive markets:

have products that are highly differentiated, meaning that there is a perception that the goods are different for reasons other than price;

have many firms providing the good or service;

firms can freely enter and exits in the long-run;

firms can make decisions independently;

there is some degree of market power, meaning producers have some control over price; and

buyers and sellers have imperfect information.

7 0
3 years ago
______________ may backfire if employees become aware but is a tactic that can overcome resistance to change in a rather inexpen
galben [10]

Answer:

Manipulation

Explanation:

Manipulation is the term which is described as to treat or operate someone with mechanical means or with the hands especially in a manner which is skillful or inexpensive.

So, the manipulation is that which might backfire if the employees become known or aware but the tactic or the strategy which could overcome the resistance in order to change in an inexpensive manner or a way.

4 0
3 years ago
Permanent insurance plans include various options available to the policyowner. What whole life insurance policy options protect
lesantik [10]

Answer:

Non-forfeiture option

Explanation:

Insurance is usually taken to guard against uncertainty of an event in the future. For example if a fire breaks out in an office, insurance can be used to regain an agreed portion of the office value from the insurance company.

It is a way of guarding against risk.

Non-forfeiture option is used to prevent unintentional coverage payment lapse.

This is done with the use of automatic premium loan and grace periods in case of default.

4 0
3 years ago
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