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3 years ago

True/False

Business

1 answer:

alexgriva [62]3 years ago

3 0

Answer:

True

Explanation:

Revenue accounts are accounts were entries of the sales of products as well as the revenue generated by firm or company are properly recorded.

Expense accounts are accounts where that show us the expenses generated by a firm or company. Such expenses are the things the company spends money on which could be purchase of raw materials, payment of labour, repairs of machineries e.t.c.

An accounting period is a duration of time where accounts in a firm or company are balanced and closed for that period.

Revenue and expense accounts must be closed out because their balances apply to only one accounting

period.

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In a survey of companies, it was found that 45 were in the mining sector, 72 were in

Diano4ka-milaya [45]

Answer:

0.288

0.308

Explanation:

Given :

Mining sector = 45

Financial sector = 72

IT sector = 32

Production sector = 101

Total number of companies :

(45 + 72 + 32 + 101) = 250

A.)

Probability that a randomly selected company is in the financial sector

Recall :

Probability = required outcome / Total possible outcomes

P(company = financial) = (number of companies in financial sector / total number of companies)

P(company = financial) = 72 / 250 = 0.288

B.)

Company is either a mining or IT company :

P(company = Mining or IT) = (number of mining + number of IT Companies) / total number of companies

P(company = Mining or IT) = (45 + 32) / 250 = 77 / 250 = 0.308

8 0

2 years ago

The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Quebec, Inc. for an

STatiana [176]

Answer:

Quebec, Inc.

Assuming Quebec, Inc. uses FIFO periodic inventory procedures, the ending inventory cost is:

= $2,220.

Explanation:

a) Data and Calculations:

Units Unit Cost Total Cost Units Sold

Beginning Inventory 32 $54 $1,728

Sale No. 1 10

Purchase No. 1 28 60 1,680

Sale No. 2 32

Purchase No. 2 20 57 1,140

Totals 80 $4,548 42

Ending Inventory using FIFO periodic inventory system:

Units of ending inventory = 38 (80 - 42)

Units are from: Units Unit Cost Total Cost

Purchase No. 1 18 60 $1,080

Purchase No. 2 20 57 1,140

Ending Inventory 38 $2,220

7 0

2 years ago

Which special advertising category has the objective of increasing visibility and increasing store traffic?

Viefleur [7K]

E. retail advertising. .

3 0

3 years ago

Read 2 more answers

Olivia has identified the target audience for her line of Brazilian jewelry. For optimal success, she is creating an advertising

Neko [114]

The target audience are people that we often want our product to reach. For optimum success, she is creating an advertising plan that will clarify the specific goals that the advertising is designed to accomplish.

The target audience is simply defined as a specific group of consumers that really want your product or service, and so, are known to be the group of people who should see your advertisement campaigns.

The audience can be grouped into by age, gender, income, location, interests or other Characteristics.

Conclusively, They are often formed from different groups such as adults, teens, children, mid-teens, preschoolers, men, or women.

Learn more from

brainly.com/question/22625265

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3 years ago

The switch to the use of ethanol in gasoline is driven primarily by its relatively lower price. Assuming a competitive market, w

Nitella [24]

Answer:

Price falls, output rises

Explanation:

We know that the ethanol is used as an input in the production of gasoline. So, if the price of ethanol is lower then this will reduce the cost of production of gasoline. If the cost of production of ethanol is lower then this will give an incentive to the producers of gasoline to produce more and supply more.

This will shift the supply curve of gasoline rightwards, as a result there is a fall in the equilibrium price level and increase in the equilibrium quantity of gasoline.

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3 years ago