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4 years ago

A variable expense is a _____.

2 answers:

8 0

The word variable comes from a root word "vary" which means to differ or not constant. Now, applying this to the given item, the variable expense means the costs that changes. The answer is therefore the fourth choice.

Phoenix [80]4 years ago

4 0

Answer: Cost that changes

Explanation:

A variable expenses is the type of expenses when the costs are changed in the total amount. The variable expenses is also known as the variable costs. This type of expenses are change depending on the uses of the services and the product.

The variable expenses is different from the fixed expenses for example the rent are always remain similar throughout in the loan term. In the variable expenses, the total amount are get change in terms of production and many other activities.

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PB10-2 Recording and Reporting Current Liabilities with Evaluation of Effects on the Debt-to-Assets Ratio [LO 10-2, LO 10-5] Tig

Kipish [7]

Complete Question:

PB10-2 Recording and Reporting Current Liabilities with Evaluation of Effects on the Debt-to-Assets Ratio [LO 10-2, LO 10-5]

Tiger Company completed the following transactions. The annual accounting period ends December 31.

Jan. 3 Purchased merchandise on account at a cost of $24,000. (Assume a perpetual inventory system.) Jan.

27 Paid for the January 3 purchase.

Apr. 1 Received $80,000 from Atlantic Bank after signing a 12-month, 5 percent promissory note.

June 13 Purchased merchandise on account at a cost of $8,000.

July 25 Paid for the June 13 purchase.

July 31 Rented out a small office in a building owned by Tiger Company and collected eight months’ rent in advance amounting to $8,000.

Dec. 31 Determined wages of $12,000 were earned but not yet paid on December 31 (Ignore payroll taxes).

Dec. 31 Adjusted the accounts at year-end, relating to interest.

Dec. 31 Adjusted the accounts at year-end, relating to rent.

Required:

1. & 2. Prepare journal entries for each of the transactions through August 1 and any adjusting entries required on December 31.

3. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31.

Answer:

Prepared journal Entries for Questions 1, 2 and 3 are attached as images in this order

1 Journal Entry Worksheet 1 (image 1)

2 Journal Entry Worksheet 1 (image 2)

3 Journal Entry Balance sheet 1 (image 3)

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3 years ago

Name of one Primary attractions(Subject Tourism)

MrMuchimi

5948363344y red 2838

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3 years ago

What best indicates that u.s. businesses are demanding socially responsible behavior from their international suppliers?

Mice21 [21]

Decision of Nike to cancel orders from suppliers that violates its ethics code is the correct answer. A code of ethics is a set of principles designed to help professionals conduct business in an honest and ethical manner.

A code of ethics document may outline business or organization's mission and values, how professionals are expected to approach problems, ethical principles based on the organization's core values, and the standards to which the professional is held.

A compliance-based code of ethics, a value-based code of ethics, and a code of ethics among professionals are three main types of codes of ethics.

To learn more about ethics, click here

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2 years ago

Worthy Ships initially issued 400,000 shares of $1 par stock for $2,000,000 in 2021. In 2023, the company repurchased 40,000 sha

liq [111]

Answer:

Worthy Ships:

Treasury Stock account balance would be $80,000.

Explanation:

Treasury Stock account is a contra account to the Common Stock account. Using the cost method, the account will have a debit entry and balance of $400,000 in 2023. In 2024, with the resale of shares, the account will have a credit entry of $320,000. This would bring the balance to $80,000 at the end of 2024.

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3 years ago

Morrison Company manufactures two products: digital cameras and video cameras. The company uses an activity-based costing system

Shtirlitz [24]

Answer:

"$127.11 per unit" is the correct approach.

Explanation:

The activity cost as per the questions will be:

Activity 1:

= $\frac{30,000}{600}$