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3 years ago

Define accounting element in detail with the help of accounting equation?Expalin In your words?

Business

1 answer:

klemol [59]3 years ago

5 0

Answer and Explanation:

There are three main accounting elements that are as follows

1. Assets: Assets means the resources that are owned through which the future benefits would be anticipated. It is a properties owned by the business

2. Liabilities: The liabilities are the obligations that the company or an individual have to pay

3. Equity: The equity is the amount invested in the business, it also records the withdrawals, income and expenses etc

Now the accounting equation would be

Total assets = Total liabilities + total equity

The sum of total liabilities and total equity is known as total assets

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Sales mix is

Allushta [10]

Answer:

<u>a. the relative distribution of sales among the products sold by a company.</u>

Explanation:

A sale mix is a relative part or ratio of the business products are sold and as the companies products have different degrees of productivity they are also applicable to services.

It thus can be expressed as the ratio of the products with each and every product compared to the overall volume of the product.

Thus, if a company tries to get a new product which has a lower profit, then sells it very aggressively it will make a low profit where the total sales will be increased.

Similarly, if a company selects to develop a low-profit line and push sales of a higher profit from the product line, then the total profits will then increase even as the total sales tend to decline.

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3 years ago

What is the standard deviation of returns of a portfolio that produced returns of 10%, 15%, 25%, and 30%

MaRussiya [10]

35404550556066707780

6 0

3 years ago

BRAINLIEST Prepare a balance sheet in proper format for the company as of December 31st based on the following accounts. Answer

tia_tia [17]

Answer:

$28000

....

$28000,....

4 0

3 years ago

Bloom Company management predicts that it will incur fixed costs of $269,000 and earn pretax income of $337,900 in the next peri

RoseWind [281]

Answer:

1. $1,190,000

2. $583,100

Explanation:

1. Total dollar sales

First, we will get the value for contribution margin

Contribution margin - Fixed cost = Operating income

Contribution margin = Operating income + Fixed cost

Contribution margin = $337,900 + $269,000

Contribution margin = $606,900

The next step is to use contribution margin ratio to determine the sales

Contribution margin / Sales = Contribution margin ratio

606,900 / Sales = 0.51

Sales = 606,900 / 0.51

Sales = $1,190,000

2. Total variable cost

We will use the contribution margin to solve total variable cost

Sales - Variable cost = Contribution margin

$1,190,000 - Variable cost = $606,900

Variable cost = $1,190,000 - $606,900

Variable cost = $583,100

4 0

3 years ago

. If shareholders are granted a preemptive right they will: Select one: a. be able to choose the timing and amount of any future

PtichkaEL [24]

Answer:

Have priority in the purchase of any newly issued shares

Explanation:

Preemptive right is the right given to existing shareholders to maintain the proportion of their investment by buying a proportionate number of shares in any future sales of share.

The main essence of this is to ensure that their ownership interest is not diluted as more shares are issued and new investors come in.

In a preemptive share arrangement , consideration is given to existing shareholders ahead of any other person or entity .

5 0

4 years ago