Answer:
Costs are subtracted from revenues.
Explanation:
As we know
Profit is calculated when the cost is subtracted from revenues.
In mathematically,
The profit = Revenues - cost
The profit which would be calculated above is shown in the debit side of the income statement.
As the income statement records all the expenses or cost incurred and all the revenues which are generated
Answer:
Fein Company
Schedule of Cash Payments
For the Month of August 202x
Salaries expenses:
From July salaries $3,230
<u>From August salaries $31,860</u>
Total salaries $35,090
Direct materials:
From July purchases $61,600
<u>From August purchases $14,600</u>
Total direct materials $76,200
Overhead expenses: $64,850
Debt payments:
Principal $15,000
<u>Accrued interests $450</u>
Total debt payment $15,450
Total cash payments $191,590
Answer:
B) Inventory turnover ratios
Explanation:
Inventory turnover measures how many times a business sells and replaces its merchandise or materials inventory during an accounting period, usually a year.
One of the basic goals of JIT is to lower the total inventories in a company, therefore increasing the inventory turnover ratio. This reduces the company's operating costs.
Answer: Institutional
Explanation:
The institutional advertising helps to promote an institutional, organization, business or the industry related advertisement.
The institutional advertisement is also known as corporate advertising that mainly focus on the business ideas and the benefits.
It helps to enhance the reputation of an organization and also try to build a good image in the market. Therefore, Institutional advertising is the correct answer.
