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3 years ago

A government agency that enforces proper use GAAP

Business

2 answers:

Alinara [238K]3 years ago

8 0

Answer:

Financial Accounting Standards Board

Explanation:

Nookie1986 [14]3 years ago

3 0

Financial accounting standards board^^

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Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and cost information relating to

slega [8]

Answer:

Contribution is sales revenue less variable cost. In multiple products environment, it is important that the producer have information about the performance of each product. This is useful for decision making purpose. See income statement below

Explanation:

An income statement showing contribution would suffice:

Royal Lawrence Company

Income statement

Weedban Greengrow Total

$ $ $

Sales (sp/unit × unit) 315,000 900,000 1,215,000

Variable cost (Vc/unit × units) (98,000) (325,000) (423,000)

Contribution 217,000 575,000 792,000

Specific fixed cost (132,000) (37,000) (169,000)

Product profit 85,000 538,000 623,000

Common Fixed cost (100,000)

Total profit 523,000 

4 0

3 years ago

Read 2 more answers

Deep Water Mining added $411 to retained earnings last year on sales of $24,646. The administrative expenses were $4,370, deprec

ANTONII [103]

Answer:

It is $18,290.24

Explanation:

Profit after Tax (65%) = addition to retained earnings+dividend paid

= $411 + $285

= $ 696

Profit before Tax = [100/65] * $ 696

= $1070.76

Tax (35%) = 35% * $1070.76

= $374.77

Gross Profit = Profit before tax + Total expenses

= $1070.76 + [ $4,370+ $103+ $812]

= $6355.76

Cost of Sales= $24,646 -$6355.76

= $18,290.24 .

Note

-Dividend is paid is paid from profit after tax

6 0

3 years ago

What are the basic element of selection of profession describe any two of them

Lilit [14]

Answer:

• A professional makes deliberate choices where others have choices made for them or they simply react to what comes their way.

° A professional is afforded the luxury of making deliberate choices because he has made deliberate preparations.

•A professional can make deliberate preparations because his understanding of and familiarity with the relevant (professional) landscape informs him on how to prepare. Also, like the chess master, he is trained to understand the inevitable results of hundreds of different patterns; he has disciplined himself to observe the whole board and not just the most immediate features or the area with the most tension in the game.

•A professional is seldom caught off-balance. The discipline for deliberate preparation and the understanding that comes with it allow that even when something unexpected or unfamiliar is introduced, a professional can quickly understand its basis and easily extrapolate the appropriate tactic, strategy, or process for ethically and successfully resolving issues.

•In this capacity, and most fundamentally, a professional habitually makes the right choices because all of his choices are based on the integrity provided by his moral and ethical foundation. Any choice of expedience over integrity can quite easily be recognized by anyone as the wrong choice. Here, the professional simply acknowledges what is obvious, makes the right choice, and acts deliberately (and now we're back at the start of this list).

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3 years ago

Vinnie (our friend in the video) had a lot of credit cards, and he did have fun with them! Then he nearly went broke. What was t

anyanavicka [17]

The main thing Vinnie did wrong was have multiple credit cards, and it say sin the question 'had fun with them' he probably did not monitor how much money he was spending.

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3 years ago

Helpppp ASAPPP

crimeas [40]

List three services provided by a travel agent that benefit a business person who travels overseas frequently?
Familiarity with preferences for departure and return, seating is desirable and reliable

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3 years ago