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3 years ago

Why is accounting a service industry?

Business

2 answers:

BabaBlast [244]3 years ago

8 0

Answer:

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

Explanation:

kupik [55]3 years ago

5 0

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

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Using the information below, compute the raw materials inventory turnover:

fredd [130]

Answer:

The raw material inventory turnover is 9.2 times or 40 days

Explanation:

This problem requires us to compute raw material inventory turnover. The inventory turnover ratio is calculated by dividing the inventory used for a period by the average inventory for that period. Average inventory is used instead of ending inventory because many companies' merchandise fluctuates greatly throughout the year.

So RM inventory turnover = RM used/Average inventory

= 104,600/11,350*

= 9.2 times or 40 days**

* Average inventory = (9,900+ 12,800)/2

** (365/9.2) = 40 days

5 0

3 years ago

Number of units sold 20,000 Selling price per unit $ 30 Variable selling expense per unit $ 3.2 Variable administrative expense

Fantom [35]

Answer: $137,000

Explanation:

Contribution margin = Sales - Variable expenses

Sales (30 * 20,000) $600,000

Cost of Goods sold(24,000 + 340,000 - 19,000) ($345,000)

Variable selling expense (3.2 * 20,000) ($64,000)

Variable administrative expense (2.7 * 20,000) ($54,000)

Contribution margin $137,000

Cost of goods sold = Beginning merchandise + Purchases - Ending merchandise

4 0

3 years ago

On April 1, Construction Contractors, Inc., contracts to build a store for Discount Retail, Inc., at a specific location in Elec

mr Goodwill [35]

Answer:

c. the contract is discharged.

Explanation:

As the contract is not feasible to be completed not because of any parties of the contract, but because of externalities.

This provides for the no fault conditions on both the parties of the contract.

Here the construction was to be done by the Construction Contractors Inc. for Discount Retail Inc, at a place in Electro City.

But now the construction cannot happen as because Electro City has an amendment providing no construction at the particular place where Discount Retail Inc. wants the construction.

5 0

4 years ago

Mumz [18]

Answer:

The correct answer to this is type of advertisement is reminder advertising.

Explanation:

Reminder advertising is that type of marketing strategy, which consists of brief messages that are sent to the target consumer base , with the objective of reminding them about the product or service or introducing a new product or service in their already existing marketing program. In this question also local car dealership is trying to remind people of its services offered during the winter.

8 0

3 years ago

Ziva stays with her company because if she were to leave, she would lose $65,000 in retirement earnings and also lose free seaso

-BARSIC- [3]

Answer:

Continuance commitment

Explanation:

Based on the scenario being described it can be said that Ziva's feelings toward her organization are best characterized as Continuance commitment. This term refers to high degree which an individual believes will cost them greatly if they leave the organization which they have been with for a while. Such as in this case, to Ziva her continuance commitment to her current company is worth more than $65,000.

5 0

3 years ago

Read 2 more answers