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2 years ago

Question 2 of 8

Business

1 answer:

sveta [45]2 years ago

6 0

Answer:

This type of income is known as non-operating income in the financial statements

Explanation:

Non-operating income, as the world implies, is the income that a firm earns from activities that are not related to its main economic activity. An example would be a mall, whose main activity is the rental and management of commercial real estate, earning some income from short-term investments in the secondary market. This interest would be reported as non-operating income, and would be treated as such for financial, accounting, and tax purposes.

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Time preference is: a. the purchase of new capital goods. b. a sophisticated IOU that documents who owes how much and when payme

kirill [66]

Answer:

D. the desire to have goods and services sooner rather than later (all other things being equal).

Explanation:

The time preference talks about the placing relative value on goods received at an earlier date compared with receiving that particular goods at a later date. It is the assumption that people prefer a given goods or services be delivered sooner rather than later all things being equal. It occurs when a person focus on having a good sooner rather than later.

7 0

3 years ago

Read 2 more answers

A retail store credited the sales revenue account for the sales price and the amount of sales tax on sales. if the sales tax rat

alexira [117]

We have to calculate the amount of the sales taxes owed to a taxing agency.
The tax rate is 5% ( 0.05 ) and the balance in the sales revenue account amounted to $294,000.
$294,000 * 0.05 = $14,700
Answer:
Amount of the sales taxes is B ) $14,700.

8 0

3 years ago

Pattison Corporation is a service company that measures its output by the number of customers served. The company has provided t

777dan777 [17]

Answer:

B. $1,500 F

Explanation:

Flexible Planning Activity

Budget Budget Variance

Customer served (q) 17 20

Travel expense ($500q) $8,500 $10,000 $1,500 (Favorable)

Workings

<u>Travel Expense </u>at 500q

Flexible budget = 500 * (17) = $8,500

Planning budget = 500 * (20) = $10,000

5 0

2 years ago

Customer Information Programs (CIPs) use several examples to define a person opening a new account. In which scenario should the

xz_007 [3.2K]

Answer:

Option (D) is the right answer.

Explanation:

According to the scenario, the most appropriate answer is option ( D) because Stanley smith is a customer of the bank as he has a checking account in the bank.

While the other options are wrong because of the following reasons:

Option (A) is incorrect because the company lucky licks Inc. is the customer of the bank, not any person.

Option (B) is incorrect because Cara is not the customer of the bank as she only uses the bank's ATM.

Option (C) is incorrect because Herman is not the customer of the bank as he only cashes his checks in the bank.

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3 years ago

Conclusions and recommendations are the most widely read sections of any report. Conclusions summarize a nd explain your finding

butalik [34]

Answer:

a. When drawing conclusions, make sure you summarize and explain your findings.

b. Tips for writing recommendations:

A. Your recommendations should always be the result of prior logical analysis.

B. Your recommendations should never be in the form of a command.

Explanation:

A good conclusion touches the theme or main topic, summarizes the main points, and connects with the introduction, but with a sense of closure. Conclusions should be sound and logical. Irrelevant conclusions are annoying to the senses. Without a conclusion, the report will sound like one illogical move without clear direction and purpose.

Recommendations should address improvement efforts based on the problem(s) presented in the body of the report.

6 0

2 years ago