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vitfil [10]
3 years ago
7

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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What rate of output is appropriate for a nonprofit corporation (such as a hospital)?
Tanya [424]

Answer and Explanation:

Nonprofit organizations are not stressed over boosting benefit and rather need to expand yield. On account of a clinic this yield is patients who get more advantageous or on account of a college it is understudies who graduate that the nonprofit organizations need to increment. Simultaneously. they need to take care of the expenses of work and capital that go into keep their foundations running. This implies the pace of yield at which nonprofit organizations need to deliver ought to be when normal all out cost rises to the market cost with the goal that their benefits would be zero.

3 0
3 years ago
En que afecta la venta de mascotas exoticas a la biodiversidad?
andrew11 [14]

Answer:

Explanation:

"El comercio internacional de mascotas exóticas es un factor importante y creciente de la pérdida de biodiversidad y, a menudo, compromete los estándares requeridos para un buen bienestar animal; una quinta parte de los informes recientes sobre el comercio de vida silvestre se debió a la demanda de mascotas o animales para su uso en entretenimiento; cosecha insostenible de animales salvajes

8 0
3 years ago
Novak Corporation amended its pension plan on January 1, 2020, and granted $152,280 of prior service costs to its employees. The
m_a_m_a [10]

Answer:

26762.74

Explanation:

Prior service cost amortization for 2020 can be calculated by first calculating the average time until the employee's retirement. After calculating the average time until retirement we will divide the service cost at that time

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average time until retirment  = 1880/330

average time until retirment = 5.69 years

prior service cost amortization for 2020 = $152,280/5.69

prior service cost amortization for 2020 = $26762.74

3 0
3 years ago
Adirondak Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rat
tamaranim1 [39]

Answer:

Predetermined manufacturing overhead rate= $14.77 per direct labor hour

Explanation:

Giving the following information:

Estimated overhead cost for the period= $325,000

Estimated total direct labor hours for the period= 22,000

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 325,000 / 22,000

Predetermined manufacturing overhead rate= $14.77 per direct labor hour

8 0
3 years ago
On December 31, 20X9, Pluto Company acquired 100 percent of Saturn Corporation's common stock for $300,000. Balance sheet inform
maw [93]

Answer:

The $60,000 amount of inventory  will be included in the consolidated balance sheet immediately following the acquisition

Explanation:

According to the accounting principles, the inventory is recorded at the cost or fair market value whichever is lower.

The inventory balance which is given in the balance sheet is $75,000

And, its fair market value is $60,000

So, the inventory would be recorded at 60,000

The other items which are given in the question are irrelevant. Therefore, we don't consider them in the computation part. Thus, we ignored them.

Hence, the $60,000 amount of inventory  will be included in the consolidated balance sheet immediately following the acquisition

4 0
3 years ago
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