A decrease in the cost of production will lead to a(n) ____

The following are some of the steps in the accounting cycle. Which of the following reflects the steps in the correct order? Fin

lukranit [14]

Answer:

The correct answer is:

Journalized business transactions are posted to the ledger.
An unadjusted trial balance is prepared.
Financial statements are prepared.
Closing entries are journalized and posted to the ledger.
A post-closing trial balance is prepared.

Explanation:

The following phases or stages are distinguished in the accounting process or cycle:

Initial situation balance.
Accounting opening.
Record of the operations of the year.
Periodification
Adjustments prior to the determination of the benefit - or loss - generated in the year.
Balance check sums and balances.
Calculation of the result.
Accounting closing.
Annual accounts.
Distribution of the result.

7 0

3 years ago

Amazon has decided to enter the college bookstore market. The goal of "Amazon Campus" is to offer co-branded university-specific

Leviafan [203]

Answer: product diversification

Explanation:

Product diversification is when the original market for a product is being expanded. Product diversification is used to boost a brand and also increase sales.

From the question, we are informed that Amazon has decided to enter the college bookstore market and that the goal of "Amazon Campus" is to offer co-branded university-specific web sites that offer textbooks and paraphernalia, such as logo sweaters and baseball hats. This development shows Amazon's relentless pursuit of product diversification.

7 0

3 years ago

Ponzi Products produced 100 chain-letter kits this quarter, resulting in a total cash outlay of $10 per unit. It will sell 50 of

zalisa [80]

Answer:

Ponzi Products

a) Net income for the next quarter:

= $50

b) Cash outflow for this quarter = $1,000

c) Cash inflow in the third quarter = $550

d) Net working capital in the next quarter = $550

Explanation:

a) Production of chain-letter kits for the quarter = 100 units

Total production cost (outlay) = $1,000 (100 * $10)

Sales in the second quarter = $550 (50 * $11)

Sales in the third quarter = $600 (50 * $12)

Cash collections:

Third quarter = $550

Fourth quarter = $600

a) Net income for the next quarter:

Sales revenue = $550

Production cost 500 ($1,100 * 50/100)

Net income = $50 ($550 - $500)

b) Cash outflow for this quarter = $1,000

c) Cash inflow in the third quarter = $550

d) Net working capital in the next quarter = $550

6 0

2 years ago

Automobile repair costs continue to rise with the average cost now at $367 per repair.† Assume that the cost for an automobile r

vovikov84 [41]

Answer:

a) 0.1728

b) 0.09183

c) 0.7354

d) $ 222.25

Explanation:

Given

mean = $\mu$ = $367

Standard deviation = $\sigma$ =$88

Cost of automobile repair is normally distributed.

a) We have to find P( x > 450 )

P( x > 450 ) = 1 - P( x <= 450 )

Using excel function, P( x <= x ) = NORMDIST (x, $\mu$ , $\sigma$ , 1 )

P( x > 450 ) = 1 - NORMDIST( 450 , 367, 88, 1 )

= 1 - 0.8272 = 0.1728

P( x > 450 ) = 0.1728

b) P( x < 250 ) = NORMDIST( 250 , 367, 88, 1 ) = 0.09183

P( x < 250 ) = 0.09183

c) P( 250 < x < 450 ) = P( x <450 ) - P( x < 250 )

P( x <450 ) = NORMDIST( 450 , 367, 88, 1 ) = 0.8272

P( x < 250 ) = NORMDIST( 250 , 367, 88, 1 ) = 0.09183

P( 250 < x < 450 ) = 0.8272 - 0.09183 = 0.7354

P( 250 < x < 450 ) = 0.7354

d) We have P( X < a ) = 0.05

We have to find a.

Using Excel, = NORMINV ( Probability, $\mu$ , $\sigma$ )

a = NORMINV ( 0.05 , 367, 88 ) = 222.2529

Cost = $ 222.25

8 0

3 years ago

On April 23, Mrs. Y purchased a taxi business from Mr. M for a $60,000 lump-sum price. The business consisted of a two-year-old

vladimir2022 [97]

Answer:

Follows are the solution to the given points:

Explanation:

In point a:

It must allocate $\$19000$ for both the taxicab and $\$41,000$ for the rest of the license, the client list, and the company name registered.

Its cost of intangible material could be amortized for 180 months starting in April. $(\frac{41,000}{180}) \times 9\ \ months = \$2,050$ is her amortization deduction.

She could also use Section 179 to decrease her taxable money to $\$17,890 (\$36,890 - \$19,000)$ but include her deduction.

Her taxable annual income is $\$15,840 (\$17,890 - \$2,050)$ .

In point b:

They must allocate $\$19,000$ for the taxi and $\$41,000$ for their licenses, the customer list as well as the business by interacting with people register. Its cost of the material could be depreciated for 180 months, starting in April.

$(\frac{41,000}{180}) \times 9\ \ months = \$2,050$ is her amortization deduction.

The taxable income here $= \$0 (from \ \$17,100 -\$19,000) = -1,900.$

Section 179 could be requested if another income is earned on the tax return (such as W-2 wages).

As all Section 179 is unpaid with other earned income, it is carried forward into the next year.

3 0

3 years ago

A decrease in the cost of production will lead to a(n) _____ in supply.