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2 years ago

Why is accounting a service industry?

Business

2 answers:

BabaBlast [244]2 years ago

8 0

Answer:

Because it provides support but no tangible goods. ... Because it provides tangible goods

Explanation:

kupik [55]2 years ago

5 0

ummmmmmmmmmm...........

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Indicate for each of the following costs whether it is a product cost or a period cost.

MAVERICK [17]

Answer and Explanation:

The classification of the following cost i.e. either product cost or period cost is

1. Period cost as it deals with the operating expense

2 Product cost as it directly linked with the product

3 Product cost as it directly linked with the product

4 Product cost as it directly linked with the product

5 Product cost as it directly linked with the product

6 Product cost as it directly linked with the product

7 Product cost as it directly linked with the product

8 period cost as it does not directly linked with the product

9 Product cost as it directly linked with the product

5 0

2 years ago

How can a court determine when a particular nickname for a branded product has entered into common use?

MakcuM [25]

It must establish that it has a valid mark entitled to protection and that the defendant used the same or a similar mark in commerce in connection with the sale or advertising of goods or services without the consent.

4 0

1 year ago

What is the name of the legal documents that specify arrangements between partners?

mash [69]

Answer:

C. Partnership Agreement

Explanation:

It's the legal document that dictates the way a business is run and details the relationship between each partner.

3 0

2 years ago

Santos Corporation gathered the following information for the fiscal year ended December 31, 2020: Sales $1,500,000 Operating ex

kirill115 [55]

Answer:

Income from operations 380,000

Loss on sale of equipment 40,000

Pretax income 340,000

Tax at 30% 102,000

Net Income 238,000

Explanation:

1 Santos Corporation

Income statement

For the year ended December 31, 2020

Sales................................ $1,500,000

less: Cost of goods sold $960,000

Gross Profit $540,000

Less: Operating expenses 160,000

Income from operations 380,000

2 Santos Corporation

Income statement

For the year ended December 31, 2020

Income from operations 380,000

Loss on sale of equipment 40,000

Pretax income 340,000

Tax at 30% 102,000

Net Income 238,000

5 0

3 years ago

You would like to be a millionaire when you retire in 40 years, and how much you must invest today to reach that goal clearly de

just olya [345]

Answer:

PV = $19108.96057 rounded off to $19108.96

So, $19108.96057 have to be invested today at 10.4% p.a. rate for 40 years for it to turn into a million dollars.

PV = $131634.7058 rounded off to $131634.71

So, $131634.7058 have to be invested today at 5.2% p.a. rate for 40 years for it to turn into a million dollars.

Times more investment = 6.888637682 times rounded off to 6.89 times

Explanation:

To calculate how much we need to invest today for it to turn into $1 million in 40 years at 10.4% per annum rate, we will use the Present value of a sum formula as we need to determine the present value of $1 million earned after 40 years from today. The formula for present value of a sum is,

PV = FV / (1+r)^t

Where,

PV is present value
FV is future value
r is the rate of interest or return
t is the time period in years

PV = 1,000,000 / (1+0.104)^40

PV = $19108.96057 rounded off to $19108.96

So, $19108.96057 have to be invested today at 10.4% p.a. rate for 40 years for it to turn into a million dollars.

Half the percentage rate of 10.4% p.a. = 10.4% / 2 = 5.2%

PV = 1,000,000 / (1+0.052)^40

PV = $131634.7058 rounded off to $131634.71

So, $131634.7058 have to be invested today at 5.2% p.a. rate for 40 years for it to turn into a million dollars.

Times more investment = 131634.7058 / 19108.96057

Times more investment = 6.888637682 times rounded off to 6.89 times

6 0

2 years ago