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shutvik [7]
3 years ago
10

In making a sales forecast, the business owner can only use his best judgment to determine projected costs and revenues.

Business
2 answers:
jeyben [28]3 years ago
7 0
False.

The business owner should not only rely on his best judgement to determine projected costs and revenues. He should consider the trends in the market and his company performance on the previous months in order to make a sales forecast. 


Arlecino [84]3 years ago
4 0

Answer:

the answer is.... False

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Compared with supermarkets, the product mix for vending machines is: __________.
Vlada [557]

Answer:

d. shallower and narrower

Explanation:

Product width basically refers to how many different product lines are sold, and obviously a supermarket sells hundreds of product line, while a vending machine generally sells soft drinks or snacks, which is only 1 product line.

The product depth refers to the amount of products sold, and a supermarket is much larger than a vending machine so it can sell many more products.

7 0
3 years ago
Jerry, a partner with 30% capital and profit interest, received his Schedule K-1 from Plush Pillows, LP. At the beginning of the
Kisachek [45]

Answer:

The Jerry's adjusted basis in his partnership interest at the end of the year is $45,500

Explanation:

The adjusted basis of Jerry in his partnership is shown below:

= Partnership interest - Ordinary loss + long term capital gain + dividend - non deductible expense + cash contribution - share reduction

= $50,000 -$15,000 + $3,000 + $2,000 - $500 + $10,000 -$4,000

= $45,500

The ordinary loss, share reduction, and non deductible expense would decrease the Jerry interest in partnership firm while all other cost would increase his interest. That's why the amount is added and subtracted.

Hence, the Jerry's adjusted basis in his partnership interest at the end of the year is $45,500

5 0
3 years ago
Before purchasing services, citizens must often make assessments of their quality based on reputation. Group of answer choices T
Tanzania [10]
True actually because look in your text books !!
3 0
2 years ago
Financial accounting: Multiple Choice Provides information primarily for external decision makers. Provides information primaril
Natalka [10]

Answer:

The correct answer is letter "A": Provides information primarily for external decision makers.

Explanation:

Financial Accounting is the method of gathering, recording, summarizing and publishing financial data on a company that is useful to <em>investors and creditors</em>. The ultimate goal is to accurately report a business' financial picture and results at a given point in time and over a specified period.

<em>Financial accounting output is a financial report containing different statements and explanatory notes.</em>

7 0
3 years ago
A cash-basis sole proprietor had the following cash receipts and disbursement for the year: Net sales - $80,000 Cost of goods so
DIA [1.3K]

Answer:

Net Income is $17,000

Explanation:

A sole proprietor is not taxed as a business entity but all the income and expenses should be reported on the income tax return. On schedule C all the details of profit and loss should be submitted with Form 1040.

Net profit calculation to report on Schedule C is as follow:

Net sales -                          $80,000

Cost of goods sold           <u>($40,000)</u>

Gross Income                    $40,000

Operating expenses        <u>($20,000)</u>

Operating Income             $20,000

Employee payroll taxes   <u>($3,000)</u>

Net Income                       <u> $17,000 </u>

3 0
3 years ago
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